Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1890-12-12
THE STATE OF TRADE
WEEKLY TRADE REVIEW OF r.
G.DUN eco.

strtnsency in Commercial Loans the Cause
| OF Present Disturbances Distinct Inn
provem~nt in Domestic Affairs Tho In
dustry OF the Country Well Employed.
NEW York, Dec. 6.-R. G. Dun & Co.'S
weekly review OF trade says: The strin-
gency in commercial loans. noticed last
week as the chief cause of present disturb
ances, is now almost the only remaining
cause.
In domestic affairs there has been dis
tinct Improvement in the disposition of
banks a I'd money lenders TO give necessary
support to legitimate business. curtailing
speculative advances as far as possible. but
the volume of trade is still surprisingly
heavy. With time and a spirit OF mutual
helpfuncss tho legitimate business OF the
country should soon recover its normal state
of health.
Very numerous and full reports from
other cities this week show that the cheap
ness of cotton at the south and the delay .,f
| winter weather at tho north have somewhat
reduced the transactions: and caused more
Hardness in collections than heretofore.
But colder weather and The approach of
the holiday season already begin to have 70
favorable effect at many points. Thus at
St. Louis trade is improved in all season.
| able lines, excellent at Baltimore and better
at Detroit and Boston. At most southern
points the slower movement OF cotton on
account of low prices is named as tho prin-
cipal cause of delay In collections. thus at
Dallas. while money is tight banks have
| made advances, are urging shipments. and.
within radius of 100 miles is said to be
from S., 0O0,O 900 to 100000 worth of cot
ton to be forwarded.
The banks generally arc taking care OF
their customers as far as they are able. and
the movement OF sugar at New Orleans is
large at good prices. In the northwest.
while conservative feeling appears and
money is generally in sharp demand, there
is noted greater case. At Cincinnati aud
one or two other points, and ut Chicago.
| necessary advances for legitimate business
are made to the exclusion of long drawn
out or speculative demand. The country
trade is healthy, and no fears for the future
are expressed. At Boston there is a better
feeling. Providence notes quiet trade. At
| Hartford the banks take care Of their Gus
toners whose needs are large, manufacture
| ing having greatly increased. * At New
Haven money is comparatively easy, though.
some houses find collections harder than for
ten years past. Philadelphia reports some
activity in holiday trades, though the gro
Gerry trade is only fair.
| Wool is extremely dull and tea and coffee
| fiat. About S6.000,000 in clearing house
certificates are out and the banks are dis
counting custom house paper literally.
The movement of produce ut Chicago shows
an increase over last year of onc-half in
oats, dressed beef and barley. some increase
in lard cheese and hides aud y decrease in
wheat, flour, corn, cured meats and wool.
In general the volume of trade throughout
the country is so heavy that with the ad-
vance of ~ per cent. in prices since Il year
ago larger supplies Of money are absorbed.
relatively high already, wheat having ad-
vanced shade for the week and corn no
less than 2M cents, oil 1 cent and pork %
cents per barrel, though lard and hogs are
Q shade. lower aud cotton and copper UNI
] There is no especial change noted in the
great industries. though pis iron is rather
weak in tone. Demands for finished prod
ucts of iron and steel arc still large, though
| distinctly less than q month ago. and rails
| are weak with scanty sales. Tic WOODEN
manufacture is more hopeful! and confident
than at this time a year ago. bit manufac-
| turers arc movin. without caution
Labor troubles are very few, and the in
dustry of the country is remarkably We'll
employed at fair wages.
The business failures occurring through
out the country during the last seven days
number 312, as compared with 81 total OF $50
last week. For the corresponding week IF
last year the figures were BIG