The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-01
The Volume Still Large But
the Business Outlook
Not Improved.
The Difficulty Of Obtaining COM
msrcial Loans Increases 1t
All Points.
Flattsring Reports From the United
States Trsasursr---Gsnsral
News.


He1his H<uaesr ~ Trade sayss The pasi
nroken week has not Improved the business
outlook. The difacuity OF obtainlng con-
nerciai loans Increase. not here only, bat
zf most other points. Banks and other
lenders. from the largest Co smallest. ap-
pear 20 have been induced By the recent
events 90. strengthen themselves Ner-
chants hare been more cautious sicuf exc
tending obligations or making purchases
which, can be deferred. nppfehending
thna retail buying may be cat
down somewhat By the Fednced
ability of some consumers and by
ths dlsposlsion Of others 10 economixe In
view os shA extensively reported advance
In prices. meanwhile speculation has bean
reviving 20 an unh salshy exsenf in some
directlons on the Theory that troubles ara
over and things viii Improve. The noney
markess are thus loaded With increased de-
Isands for carrying securities aud prodaets
as tsms when trade especially needs more
marksss money grows more stringent and
portaas csnsers though the volun.s of basi-
ness IL sam very large.
Dosson reports extreme armnea and a
Traders are affected and most branches are
quiet. Cleveland notes an active demand
tor money aud tight market. though col
iectlons are rcmaFkabiy satisfactory. A.
Detroit the demand h strong 90 per cent;
colder weather helpinx trade here and at
Miiwaukee. where moBey II very active.
manufacturers asking largely at 7 per cent.
At ~. Pnnl IL !. easier and the
cause some uneaslness. Cincinnati reports
q close market, though collections are very
fair and sales have exceeded last falls
AZ Kansas city the supply Of money d
close. trade and collections being healthy.
Money h quiet &c fittsburg ~ 90 per
cent., bus isesscmer steel n 80 eents less
snd sha demand for hnishet iron smaller.
Southern reports are less encouraging.
Aoney IA In sharp demand at New Orleans.
the movement 0f sugar being nnprece-
dsnted; exceedingly tight as Savannah.
wish commercial prospects loss bright; saore
sinsa as Asianta. thoaxh holiday trsds
opens with good feslaax. and IN wezseFn
FLORIDA . short corn crop and emharTa@-
rnent Of merehansa cloud the pro~pects;
bas ~ Baltimore money h easy. manufac-
lures easy and retail trade improved.
thoagh jobhlng trade slaeksns.
The situa1lOn OF the great industries u
leas clear. The week has been ONE OF pe-
caliaf dnsaness Ia the Iron trade and the
tone l. weaksr. There y apprehension Of
forced sales by southern furnaces. and one
large transaction ~ $40 fCr gray forge h
reported at Rlrrningham. issll purchasers
bold OF aud there is Visible decrcesc In
orders fos hnished prodnrts.
Al. .Ems Amsm
adranciag. Wheat has risen si<c. corn SIC
and oats aye: lard isc per 100 pounds. and
eoeee 4 quarter. pork being unchanged
and oil soc lower. Cotton has also yielded
a sixteenth. Ia view nf erop prospects.
The rise IN breaAzsaffs has no In
creased foreign demand 20 justify n, but
operators seen 10 have concluded that the
monetary eilsiculsies are all over and shat
they can carry all the grain until Europe is
Tin has advanced 10 70. 70 cents. but cop
Per and lead are shade weaker
The coal market has beeu dull and dis
appolntlng, actual salTn h1inx inalnlg nj
september prices and stocks accommodating.
The sreAsury has not been able 20 give
aay assistance 10 the money market dur
ins the past week. bus has put out si .seeo,. !.
aeo more silver notes. neariy balancinE met
slihdrswais OF -. i.see.eec OF other money
FROM circulation.
The me-rhsndIse exports from this conn-
fTy largely exceed@ Imports. though at New
.YoFk she exports for November have been
but ~ per cent. larger than last year aad
thr imports here IA per cent. larger.
The business failures occurring through
out ahe eonntry during the last seven days
nunsbes sls ~ conap4Fsd with go last weck.
For tha corresponding week Of last year the
asurrs we're 2te.