Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1890-10-23
THE STATE or TRADE

Dnn's Review Reports Busiuess Improv-
ing in All Directions Exports Remark
ably Large-Business Failures.
NEW YoRK. Oct. 1S.-R. g. Dun e Co.'S
Weekly RertelD of Trade says: In all direc-
tiOns the business outlook improves and the
volume OF trade so increases, notwithstand-
Ing the recent enormous increase OF circula-
tion, that the money markets are growing
stringent Exports have become remark
ably large and the domestic trade is such
that exchanges outside of New York exceed
last years is per cent. But while New
York and Boston money markets are fairly
supplied and steady at S to s per cent, the
market is light at Chicago and stringent al
Philadelphia, only part of the
commercial paper being taken at to 2
per cent. St. Louis notes an active market
at to 8 per cent; Milwaukee a close
market at Z, and Savannah tight market;
but at Cleveland and Detroit the markets
are rather easier; at Kansas City firm; at
Denver a good demand is we'll supplied; at
Omaha the market Is easy, and at Pitts
burg there is good demand without
stringency. Trade Is strong everywhere.
At Boston wool is rising and goods are In
better demand, while cottons are selling
well and frm.. At Philadelphia it is more
active and slightly higher, the output OF
cottons is increasing, and there is an
increased demand for paper, with a
tendency toward advance in some
shades. The liquor trade is stimu-
lated by new duties. Chicago reports
smaller receipts of grain, cured meats and
dressed beef, cheese and butter than year
ago, but slight increase In lard and double
the receipts of wool, and larger transactions
in dry goods and merchandise, generally
with satisfactory payments st. Louis mer-
chants are adjusting themselves to the new
tariff conditions and trade is strong. At
Cleveland and Milwaukee the bad weather
has retarded trade, which is, nevertheless,
of fair volume. At st. Paul, Omaha, Den
yer and Kansas City trade is good. At
Minneapolis the -four output declines to
10000 barrels, but wheat receipts were
100000 bushels. At Pittsburg the iron
and glass trades are active, with prospects
of an advance In window glass. At Savan-
nah trade is brisk.
The weekly output of pig iron in Septem-
Der was 1876 per cent. larger than year ago.
There are more sales of pig at Cleveland,
and all manufactured iron is in large de-
mand. At Pittsburg, pig is little weak and
Bessemer notably, but the demand for all
manufactured iron and steel is growing
stronger. At Philadelphia the steadiness in
steel is encouraging, though Bessemer is
weak, and all finished products are in good
demand. The noteworthy fact at New
York is the sale of Tennessee iron,
Lucy or Enslee brand, and strict
No. 1 foundry, at S15.25 per ton. The
coal trade is more confident and September
prices now rule. Tin is 1%c lower, but lead
is stronger at SO cents, and copper at 1914
to II cents. OF the textile industries the
increasing demand for cotton and wool
bears witness, though the prodIctfon OF
print cloths at present prices is held I'M
profitable.
Another great industry has been making
notable progress. The number of hogs
packed at the west March to Oct. 1 was
1905, 900, against $500, 900 last year--an In
crease of nearly IS per cent.
Speculation in wheat has made further
progress this week, the price rising 11sc ON
small sales, but the reports are practically
stopped. In September, 595,259 bushels,
against z, 223, 1o4 last year, went from At
lantic ports, and thus far in October only a
small part of last years exports-for four
days of this week. 10000 bushels, against
432, 900 last year. Corn also goes abroad
but little, having advanced during the
week only &c, while oats have risen 1Lc.
But the export movement Of the latter is
extraordinarily large-in September, 297,-
100000 pounds, against 166, 100000
last year, and in October thus far
there is large increase, helped by
the yielding in price, of Lice this week.
The exports of provisions are also very
heavy-in September, S11 ,91S,41 in value,
against $S,70s,645 last year, and this also
continues, prices being steady. In petro-
leum exports there was an increase in qaun-
tity last months, 900, 600 gallons, against
100000 last year. Thus, in spite of the
suppression of exports of breadstuffs by
high prices, the increase in value Of the
principal products was almost 10 per cent.
in September, and the aggregate of exports
for that month will not vary much from
the remarkably large value of imports.
The new tariff has caused an advance in
prices of some kinds Of goods, which, to-
gether with the rise resulting from partial
failure of crops. has moved up the general
level of price materially, though less than
1 per cent on all commodities since Oct. 2;
but the higher range of prices accounts In
part for the quick absorption of o circula-
tion far greater than that of last year.
The business failures during the last
seven days number 227, as compared with
215 last week. For the corresponding week
of last year the figures were 223.