The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-09-23

The General Condition az Business salts
fastory-- Movement Toward Natural
Adjustment of Prices.

Ht~tofy--M0yrmenf Toward NatnrAi
Adjustment of Prices.
Nav YoRK, Sept. sa.--R. q. Dun & CO.
WeaiD Isertstc " Tfads says;
Tho root Of the dlHlenny - that wheat
Is qaoted az as 9-4c at Chicago, si.02 s-s
here and only about si.oa at liverpool for
the same grade, 80 that no free and natural
movement 10 the seaboard, or hence 70
EnrDpe. can take place. Similar obstacles
cheek the movement uf some other products,
Exports OF wheat and corn are not half
those of last year ~ corresponding dates.
But imports are eoming forward In large
solemo, anxiety TO get goods entered here
before the new tariff goes into effect being
greet La hAif OF September the increase of
lfn gpfts over last year at New York has
becn per cent The movement during the
pa1 week has been toward natural ad-
tustment of prices, and wheat Il = lac
lowErs with sales Of $1,000, 600 bushels; corn
1 ] &C. lower, with sales of ie,oO0, 900 bushels;
cotton isc lower, with sales of 10000
bale, aud lard aud hogs shade lower.
But oats have risen fraction, oil nearly q
cena. and butter and some other farm pro-
duqts are higher.
'rhe interior money markets are gem
eraily closer, with the strong demand which
an unprecedented volume OF business
naturally causes. AZ Boston tho stringcncy
effects trade somewhat, but wool Is In much
beAer demand. sales reaching s.6o3,0o
pounds. Wool also shows Improvement ne
Philadelphia, and cotton manufacture Is
fairly active.
''The iron trade Is very active and nail
makers have advanced prices to ~ per keg
Chicago has large decrease from last
year In receipts OF grain, but the increase
In lard. cheese, hides and wool, dry goods
and clothing sales exceed last years, with
prompt collections, and the boot end shoe
trade also, though for the week more quiet.
Money at Chicago Is close and rates sitter.
the demand being very heavy. bat the
stringoucy does not much affect gem
eral trade, st. Louis notes good
fall trade In all lines, especially dry
good aud boots and shoes, With money at
to per cent At all other western points
reporting trade Is good, exceeding last
years, but everywhere money Is In strong
demand aud at most places tight. Close
mess also appears at southern points. Gal
weston hopes for relief as soon as cotton
moves. Atlanta reports cotton going for
ward rapidly and not much trouble caused
By tight money, Savannah reports close
market with receipts OF 81 1000 bales OF cot
ton, i5,5OO barrels Of rosin and 1850 barrels
Of spirits.
"The consumption OF iron is enormous
the largest ever known, but the new bust
mes In bar iron n not heavy and the de-
naand for the rails IL dull with some sales ait
80 and reports Of others even lower, Pig
Iron is weaker. though quotations do not
change.
The great increase of sales ia Wool marks
q revival In the manufacture, and cotton
manufacture IL active. the decline in raw
material helping. Dry goods business Is
growing In activity. Even IN WOODEN goods
an impnovement over last year Is conceded.
ssThe movement of freight IL heavy and
railroad earnings continue 10 show AN In
crease, though failure 10 adjust the question
OF rates raised by tho the Interstate commits
sion Il stlll disturbing factor.
The general condition OF business Is 80
monetary pressure only him
derlng. that the failure at Boston causes no
II speculation does not pre-
vent adjustment OF prices TO the conditions
Of legitimate trade. the monetary difficulty
will soon be overcome by the marketing OF
products.
The business failures during the past
seven days number 100, as compared with
1o3 last week and eos tho week previous 20
the last. For the corresponding week OF
last year the figures were Ips,"