Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1890-09-03
DuN'S WEEKLY REVIEW.
Various Causes Tead 10 Kstteys tsss strain
IN the Money Market. III

NEW York. Aug. 30 R. q. Dun & Co.'S!
Weekly Resiew says: The great relief iu
the money market here causcd by the
treasury purchase ~ l.i-2 per rcnt. bonds,
the refusal Of the labor federation To tske
np and cNten,l the strike on The tcntrai
railroad and the prospect that the senate
Will s1,n reach IA final action Iii the
tariff bill have all tended to improve the
state Of business. At the same time better
crop prospects have brought d distinct fei,t-
tion In the speculatiohs which, most rstard
exports Thus. while the volume III dums.s-
tic trade continues greater than Ia any
previous year at this season, bank clear
ings for August outside Of this city exceed
last years by Fl per cent, and the outlook
Is clearer and brighter.
Wool sales at Boston reached a00s, 900
pounds and many mills having substituted
territory warp for fleece wool IN use. the
market for fleece has been weak a,itl better
orders for WOODEN goods are reported by the
mills. A fair trade continues IN cotton goods
Copper Is ffmer again. after large sales ut II
cents. Tin has advanced i-e cent and lead 10
stronger at sac. The boot and shoe trade
Is large and active. The past week has
Witnessed some further Improvement III the
dsFsa l111II W
with better prides III sonic eases. But tis6
pig iron market, according 10 private ac-
counts from Philadelphia. Is badly disorgan-
lied at present and Is not stronger there.
the doubt whether production has not much
exceeded the demand affecting the views OF
buyers.
Stagnation prevails In the coal trade aud
1t is admitted that many prices still rule In
actual sales. The reduction OF output re-
stricts very imperfectly the total this year
to Aug. 16, being only $4,000 tons behind
last years record. Accounts from other
cities are even more favorable than usual
excepting as to money mardets. BOSTON
notes especial activity In leather In Phtla-
delphia collections Ia many branches rem
dered slow by monetary pressure. Chicago.
on the contrary. reports money plenty at q
per cent on call and collections easy; a
better trade than last year In dry goods aud
clothing; a reduction OF rs per cent IN
stock yards business since the strike; de-
crease OF SO per cent. In wool, compared
with last year; 20 per cent. IN butter and y
steady decrease In dressed acct aut a large
Increase in cused meats. lard cheese. cattle.
hides and 100 per cent. ii, hogs.
st. Louis has II fair volume of trade and
Milwaukee notes u rapid absorption "
inuncy by grain movements a, increased
pr'ccs. Al Detroit. Cleveland. Omaha and
-. Paul trade IL satisfactory and at Minie-
apolls the Hour output Is 1f0.0Dn barrels,
and The lumber trade is firm. At Kansas
City no change Is nDted aud at pittsburg d
good demand for manufactured iron. Sayan-
H:h reports Il brisk trade. hut Jacksonville
inueli Encouragement. Atlanta trade II coed
and the crop outlook very promising. In-
terror money markets do not yet feed iiia
relief seen here and at Philadelphia the
| mnfket Is tight at 5 3-a 10 5 per cent. 10,
commercial paper, al pittsbarg active III 4
| ~ :. at Cleveland the demand exceeds Tho
supply. nj Detroit the demand Is strong nj s,
| al Milwaukee the market is very firm at 4
aad AT st. Pnal tight as II Is nj st. Louis
| With io $ ruling, and AZ Savannah and At.
| lanta. Presumably this pressure will con.
tinue n business cxpands and products ID
| forward to market.
The movement Of some staples Is Checked
by high prices. wheat exports fall below las
| year and The value of Hil exports fram Ncy
| York for four weeks show II decrease OF I.
| - per cent. from last year. wheat and c0rI
each about 2 cents and oats . cents fol
| the week. oil over l l-2 CENTS pork IS cent.
| per barrel and cotton 5-S OF d cent Hogs
lard and butter arc stronger and coffee nn,
changed. The business failures ocrurrin,
Throughout The country during the Iasl
seven days number is9 as compared will
1872 last week. For the corresponding wt.cl
OF last year the figures were 21l.