The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-08-25
Dun's WEEKLY REVIEW.
Large Trades. Good collections and
Hsixht Oatiook.

Hrixht OatIeek.
Exw YomK, Ang as.
II. q. Dun a Co.'S Weekly RerieW ot
Trade says: The signs of monstary dis
tnrbancs, which wsre noticed in previous
reviews. we're not misleading. Al Phila-
dislphia money was tight, at Chicago in
strong demand. at Sc. Louis unusually
scarce at 20 per cent, al New Orleans
tightening. at Denver and ST. Paul in good
demand, 1t Milwaukee more active at per
cent, firm a. Kansas City and r,thsr tight
at Detroit at 7per cent. The obvious and
only sufficient relief 10 the liqnida-
tion on money speculatloas In
stocks IN wheat. corn, oats. cotton,
leather, hides, coffee, WOOL and especially in
silver bullion, which have locked up snor-
mons sums In the silver line about
$4,000, 600 has been locked mp 10 wait for
higher prices, IN grain several times as
much and In other products many millions.
while the condition OF the market for se-
curities was indicated by the fall, aysrag-
ing about ~ per share in O single day, on
active stocks when money became tight.
In addition the eLormous imports i'm
tended TO anticipate the pending tarin bill
have virtually locked up for an indefinite
time many millions paid for goods and in
duties on them.
The volume OF legitimate business
throughout the country continues large,
exceeding that Of last year by 10 per cent.
outaide New York, and the desire
10 market products as quickly as
prices rise causes a greater demand
for currency from the coantry than
usual. Daring the past week the treasury
has paid oat oaly sol 900 more than IL has
taken in. Wheat closes cents higher
than week ago, but the advance was
much greater before the break came. Not
only have exports been arrested, but l60,-
900 bushels Of American wheat was ship
ped to this country from Liverpool, and
trades were in progress for more. Corn
rose only III cents and oats declined "a
cents. but pork products acre shade
stronger. Coffee and sugar we're held
without break, but cotton fell sic OF q
cent on sales of 800, 900 bales, and oil de-
clined 81 cents. Exports Of products
frem New York for three weeks Of August
are ~ per cent. smaller than last year, and
the recent changes do not safRise to bring
Sat able staples dowa 20 the parity of for
elgn prices. The iron industry still shows
. strong demand for finished products,
with some stiffening IN prices, but tha
supply OF pig iron IN so large that prices
are shaded In the urgency 20 sell. The
market for wool In dull and prices are a
little lower. tbs supply Of foreign goods
offered being very large. The demand for
cotton goods has been fair, bni prices 30
NOT change.
Capable observers publish warnings that
= halt is needsd ia the leather and hide
market. prices having risen 80 far n TO
threaten reaction. The reports from
other cities, with very few exceptions,
indicate that larger trade than ever
before 10 in progress with
satisfactory collections and bright out
look. Crop reports arc less discouraainp,
though ths yield must fali below early an
ticipations as TO grain. New Orleans re-
pos very encouraging prospects as 10 cot
lou and Galveston as weii, but Jackson
VILE reports dali trade and o discouraging
outlook. At Sc. Louis business is of fair
volume, but somewhat effected by injury
TO crops. AT Kansas City trade Is healthy,
particularly In live stock and pack
ing. Milwaukee reports that crops
wiil average fairly aud Minneap-
oils mills have large output OF -four al
advancing prices. The receipts OF grain
seeds. dressed b of and cheese at Chicago
are somewhat below last wears. In butter
tn, decrease Is 40 per cent. in hides 80 per
cent. and In cattle considerable. There IL
Q heavy increase In hogs. gain of LOO per
cent. in lard and some increase In cured
meats and wool, and sales Of dry goods
ami other merchandise exoeed laat yaar.s--
Philadelphia notes The largest business
In leather, bnt wool Is quiet. In general,
the condition Of Legitimate business is en-
couraging unless monetary pressure or
labor controversies interfere. This busi-
ness failures throughout the country dur
Ing the past seven days number lg2 as
compared with I97 last week. For the
corresponding week last year the figures
we're 20G.