The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-11-17
Legitimate Business the Larg.
est Known Despite the
Stock Depression.
Prices on the Stock Exchange Throw1
Back to the Lowest Paint
for Five Years.
Reports from the Various Indu stri1l
Trade centers---An Enoour-
aging Condition.

NEW YORK, Nov. iS.-~R. G nnn II sGe. Il
weekly review Of trade Says Those .wh0
who have long experted q severe remcfion
on the stock market have now seen she
average of prices thrown back 90 lower
point than has been touched nj any either
time Tor moro than four years. It remains
the fact that the legitimate buslness
throughout the country b the largest ever
known, not mech Inflated or endangered by
speculation, and 40 far sound that conn
plants III regard 70 collections have been
much fewer than usual. The check now ssss-
tasned may, not improbabiy. proance some
shrinkage In transactions and dlminnfipn
of profits. but the Industrial and eosnmer-
cial conditions have been 80 favorable thai
speculative disturbances are the less likely
20 AFFECT general business serionsiy.
Reports from other cities show that at
most points the events In Wall street. hare
had little or no effect as yet. AZ Beston
transactions have been somewhat limited
and money is Hrm at high rates. Wool
sales are smaller. but more activity IL ex-
pected with the opening OF the heavy goods
season In December. Leather IL quiet and
easy and hides dull and lower but because
bark and other materials are strong. bis
thought neither cannot recede much. Boot
and shoe manufacturers are getting the
recent advance In prices, with shipments
exceeding last years. Lumber Is quiet.
AZ Philadelphia money is tight and little
commercial paper offered or selling. Wool
manufacturers are buying more literally,
with slight advance In some grades.
Leather IL strong and the shoe trade larger
than last year, though less brisk than of
late.
AZ Chicago money Is active at per cent.
but country banks are sending in funds for
investment and eastern disturbances are
little felt. Grain aud cured meats equal
last years. A slight loss IL seen In dressed
beef, butter and cheese, and q heavy loss
In hides. but liberal gain la wool and lard,
while the trade In dry goods, clothing and
shoes II ueh larger with satisfactory col
lectlons
No other western point shows disturbance
In trade. though money Is generally close.
AZ ~. Louis the rate y 10 per cent.
and the volume OF trade large. At Clncln-
matt II is tight. bat collections arc very
snas iain hhe es lspgAEseg ssAson exceeds oapect
Az Detroit money IL close at Z, 'collections
very fair aud manufacturing active, The
Michigan wheat area shows per cent In
crease. At Cleveland money II tight, coli
lectIons satisfactory and trade good except
clothing. At Milwaukee money II close al
Z. collections satisfactory and eastern
troubles do not check trade. At Omaha,
st. Paul and Kansas City money is In
strong demand collections healthy and
business good,
Southern cities make much the same re-
port. Baltimore reports all business
healthy, mills running full and trade brisk
with satisfactory collections New Orleans
finds money active, cotton receipts below
last year, but sugar and rice liberal with
good demand for all. Atlanta reports easy
money and good trade, and Savannah re-
ports money tight. but trade active At
jacksonville earlier travel than usual
causes activity. ...
The accounts show remarkably en-
cauraging condition OF business. but more
than the usual scarcity OF money, in spite
of good collections.
The Iron outpnt Nov. / was I7.i7f,9Ss
tons weekly. against I7e. 2a3 Oct. 1, and con-
siderable decrease In production Is expected
II prices yield The demand for manu-
faetured nrndncfs La nnM- distinctly -AraalleE
and a railway supplies decrease Is fore
shadowed by financial troubles. The CONF
merclaI trade Is dull. holders trying 90 real1
ixa October prices, and the high price OF
coke causes complaint. Tin h I'll cent
lower, copper steady and lead weak. be
cause OF considerable importations. Indi
rubber IL lower. |