Omaha daily bee., 1890-12-06
DUN'S REVIEW OF THE WEEK.
stringonCy Of Commercial Loans the Only
Cause Of Disturbance.
SURPRISING VOLUME OF TRADE.
Cheap Cotton and Fine Wcathcy
Ancct Coilections.-Banks Taking
Care of Custom crs-No Fears
for the Future.

New YORK. Dec. 5.-fSpccal Telegram
to Tue BEE. l-R. q. Dun & Co.'s weekly re.
view of trade says Tho stringency in COM
mercial loans, noticed last week as the chief
cause Of present disturbances, is now almost
the only remaining cause.
In domestic affairs there has been dis
tinct improvement in the disposition OF banks
and money lenders to give necessary support
TO legitimate business, curtailing speculative
| advances as far as possible, but the volume
of trade is stil surprisingly heavy. with
time and spirit of mutual holpfulncss the
legitimate business of the country should
soon recover its normal state of health.
Very numerous and full reports from other
cities tins week show that the cheapness Of
cotton at the south and the delay of winter
weather at the north have somewhat reduced
the transactions and caused more tardincss
in collections than heretofore. But colder
weather and the approach OF the holiday
season already begin to have n favorable
effect at many points. Thus at
st. Louis trade is improved in all
seasonablo lines, excellent at Baltimore
and better at Detroit and Boston At most
southern points the slower movcme mt Of cot
ton on account Of low prices is named as tho
principal cause of delay in collections, thus aJ
Dallas while money is tight, banks havu-
made advances, are urging shipments, and,
within radius of one hundred miles are
said to be from SS,OOO,00O TO $4,000, 900 worth
OF cotton to be forwarded.
The banks are generally taking care of their
customers as far as they are able and the
movement of sugar at New Orleans IS large
| at good prices. In the northwest, while
conservative feeling appears, and money is
generally in sharp demand, there is noted
greater ease. At Cincinnati and one or two
other points, and at Chicago necessary ad-
vances for legitimate business are made to
the exclusion of long drawn out or spccula-
tive demand. The country trade Is healthy
and no fears for the future are expressed At
Boston there is n better feeling Providence
notes quiet trade. At Hartford the banks
take care OF their customers whose needs are
large, manufacturing having greatly
increased AT New Haven money
is comparatively easy, though somo
houses find collections harder than for ten
years past Philadelphia reports some activ-
ity In holiday trades though the grocery trade
is only fair.
Wool is extremely dull and tea and coffee
fat. About $6000,0OO in clearing house Ger
titcates are out and the banks are discount
ing custom house paper literally. The move
ment of produce at Chicago shows an in
crease over last year of one-half in oats,
dressed beef and barley, some increase in
lard, cheese and hides and decrease IN
wheat, Hour corn, cured meats and wool.
In general the volume of trade throughout
the country is so heavy that with the ad-
vance of ~ per cent in prices since q year
ago larger supplies of money are absorbed.
The speculative markets for products are rel
ativey high already, wheat having advanced
a shade for the week and corn no less than
219 cents, oil cent and pork % cents per bar
rel, though lard ana hogs are shade lower
and cotton and copper unchanged.
There is no especial change noted
in the great industries though pig iron
is rather weaker in tone. Demands for fin
ished products of iron and steel are still large
though distinctly less than a month ago, and
rails arc weak with scanty sales. The woolen
manufacture is more hopeful and confident
than at this time n year ago but manufac-
turers are moving without caution.
Labor trou bles are very few and the indus
try of the country is remarkably wetl en-
ployed at fair wages.
The business failures occurring throughout
the country during the last seven days num-
Der 3l2 as compared with a total of 249 last
week For the corresponding week of last
year the figures were 3l6