The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-10-20
MADISON. SOUTH DAKOTA. MONDAY OCTOBER 20 1890
TRADE STILL sooMs.
u. @. Dun q Co. send Out a Very En-
scnrssing Report for the Week.

y. @. Dun . Co. send Out q Very I'm,
scnrssinx Report for the Week.
NEW YORK, Oct. 20.--R. @. Dun q
Co.'s weekly review Of trade says
In all directions the outlook improves
and the volume Of trade so increases
that. Notwithstanding the recent enor.
nous increase in circulation, the money
markets are growing stringent. Ex.
ports are growing remarkably large, and
the domestic trade is such that ex-
changes outside New York exceed last
years BY 10 per cent. But while New
York and Boston money markets are
fairly supplied and steady ar 5 and d
per cent, the market Is tight at Chicago
and stringent at Philadelphia. st. Louis
notes an active market at 30 per cent.
milwaukee, q close market at and Sa-
vannah tight market; but at Cleveland
and Detroit the markets are rather
easier, at Kansas City arm, ut Denver q
good demand Is well supplied, at Omaha
the market is easy and at Pittsburg
there Is good demand without strin-
gency; the bank of England has not
raised it, ra te, and foreign exhapge here
has yielded from s4.sss,to sl.s8a.
Trade IL strong Fawsrywhere.
At Boston wool In rising, sales being
Att, 900 pounds for Tire week. At Phil
adelphia wool il more active and slight
ly higher. Chicago reports smaller re-
ceipts OF grain, cured meats and dressed
beef than year ago, but a alight in
crease In lard and double the receipts of
wool. St. Louis merchants are adjust
ing themselves TO new tariff conditions
and trade h strong. 1t Cleveland aud
milwaukee, bad weather has re-
tarded trade, which II, neverthe-
less, fair; at St. Paul, Omaha,
Denver and Kansas City trade Is good;
ut Minneapolis the nOur output de-
clines 10 1885, 600 barrels. but wheat re-
ceipts were 800. 600 bushels mt Pitts
burg the iron and glas5 trades are active
with prospect of an advance in window
glass, and at Savannah trade is brisk
and cotton receipts 81, la bales.
Favorabae Cor Iron.
The increase in output of pig iron in
September. according 70 The Iron Age
report, was "a per cent, and the week
ly output. l79,264 tens, was 1876 per
cent. larger than last year. Four more
Virginia furnaces are about TO begin
work within few weeks with q capac-
ity of 1900 tons weekly. There are
more sales of pig at Cleveland and all
manufactured iron i ii large demand:
At Pittsburg pig Il n little weak, bes-
semer notably. At Philadelphia the
steadiness in pig is encouraging, though
bessemer is weak, bufall finished pro-
ducts are In strong denand. The note
worthy fact at New prk is the sale of
Tennessee iron, Lucss or Ensley brand
and strict No. foundry at st6.e5 per
ton.
Speculation in whs has made fur
ther progress this wa the price rising
II cent On srsaalI 49,
The new tariff has caused al advance
in prices of some kinds of goods which,
together with the rise resulting from
partial failure OF crops, has moved up
the general level of prices materially,
though less than per cent. on all COM
modities since October 2.
Business Failures.
Failures during the last seven DAYS
number for the United States i06; for
Canada, 30; total, 227, rs compared with
a total of 2l5 last week, and i9T the week
previous to the last. For the correspond
ing week of last year the figures Were 223,
representing 102 failures in the United
States and Al in Canada.