The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-08
Stringenoy In Commercial
Loans the Cause OF Pres
ent Disturbances.
A Distinct improvement in Domestic
kifairs--Banks Caring for
Their Customers,
The Industry of the Country Re-
markably Well Employed--Sey-
sral Heavy Failures.

Nsw YoRx. Dec. s.--R. O. Dun \ 90. .
weakly review OF trade says: The strin~
rency In commercial loans, noticed last
week as the chief cause of present disturb
ancea, is now almost the only remaining
cause $
In domestic affairs there has been dis
tinct Improvement In the disposition of
banks and money lenders bo give necessary
support 10 legitimate business, curtailing
speculative advances as far as possible, but
the volume OF trade u still Surprisingly
heavy. With time and spirit OF mutual
helpfulness the legitimate business OF the
country should soon recover its normal state
Of health.
Very numerous aud full reports from
other cities this week show that the cheap
ness of cotton at the south and the delay of
winter weather at the north have somewhat
reduced the transactions and caused more
tardiness In collections than heretofore.
Hut colder weather and the approach of
the holiday SEASON already begin 90 have a
favorable effect at many points. Thus a.
~, Louis trade h. 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 lev prices Il named as the prin-
cipal cause OF delay In collections, thus At
Dallas, while money IL tight banks have
made advances, are urging shipments, and
within radius of 100 miles Is said 30 be
from IS 600. 900 to sio, ,ooo.o 600 worth Of cot
ton 20 be forwarded,
The banks generally are taking care OF
their customers as far they are able, aud
the movement OF sugar at New Orleans is
large at good prices. In the northwest,
-
money IL generally In sharp demand, there
"a noted greater ease. Al Cincinnati and
one or two other points. and At Chicago,
necessary advances for legitimate business
are made to tae exclusion of long drawn
out or speculative demand. The country
trade II healthy. and no Fears for the future
are expressed. At Boston there h = better
feeling. Prusldenea notes quiet trade. At
Hartford tho banks take care Of thair cus-
tonaers whose needs arc large. mRnufactnr-
ing having greatly Increased. Az New
Haven money Is comparatively easy, though
aome houses lnd collections harder than for
ten years past Philadelphia reports some
activity In holiday trades. though the gro-
Gerry trade Il only fair
Wool h extremely dali and tea and coffee
fiat About $4,000, 600 In clearing house
certificates are out and the banks are dis
counting custom house paper hberally.
The movement OF produce At Chicago shows
an increase over last year OF one-half Ia
oats, dressed beet and barley, some increase
IN lard cheese and hides and decrease I'm
wheat -four, corn, cured meats and wool.
In general the volume OF trade throughout
she country Is 50 heavy that with the ad-
vance of 7H per cent in prices since year
ago larger supplies of money are absorbed.
The speculative markets sfor products arc
relatively high already, wheat having ad-
vanced n shade for the week and corn no
less than e% cents, oil cent and pork 25
cents per barrel. though lard and hogs are
a shade lower and cotton and copper un-
changed.
There In no especial change noted Ia this
great Industries. though pig iron In rather
weak In tone Demands for finished prod
neis OF iron ana steal are Ss4ll large though
distinctly less than month ago. and rails
are weak with seanty sales. The WOODEN
manufacture h more hopeful and confident
than at this time q year AFRO, but mannfac-
tureFs are moving without caution.
Labor troubles are very few, and the In
dustry of the country is remarkably well
employed &C fair wages.
The business failures occurring through
out the country during the last seven days
number 3s2, as compared with total OF 24s
last week. For the corresponding week OF
last year the figures were si6.