Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1890-07-04
THE STATE OF TRADE
r. @. DUN zoos WEEKLY BUs!-
NESS REVIEW.

Tho Money Market Reported Firm. With
Prospects of Still Greater Ease-Au In
crease at Chicago Over Last Years Grain
Business-AN Lines of Business Report
satisfactory Trade.
R. g. Dun & Co.'s Weekly Reciew of
Trade says: While the volume of trade.
as indicated by special reports by bank ex-
changes at interior cities and by railroad
earnings, continues larger than in the
same month of any previous year, the
prospect for the future is rendered less
satisfactory by industrial hesitation, and
by doubt in regard to the monetary out
look. The. industrial hesitation results
from the delay of legislation and increased
uncertainty regarding the outcome. Wool
Is distinctly weaker in the interior and at
eastern markets, and a disposition is shown
to meet the needs of manufacturers. The
uncertainty also affects estimates of the
future demand for iron, and so the con-
tinued addition of new furnaces weakens
that market.
Large transactions in structural iron
and rails have been closed, but without
Strengthening prices. Cotton has declined
t cent. Wheat has fallen II cents, with
better news from the northwest, oats {
cent and lard and hogs are a shade weaker.
Coffee is steady, but oil has declined 81
cents. Raw sugar is 1-16cent and crushed
) can't lower and further concessions on re-
fined are expected. The general level of
prices is lower, in part because of a reac-
ton from the many speculations which the
prospect of unlimited coinage engendered.
Business at other cities is we'll maintained
for the season, and the exceedingly conf
lent tone hitherto prevailing does not at
all abate. If there are possibilities of dis
appointment they do not seem to be re-
allied as yet. Boston notes a good de-
mand and higher prices for cotton and
leather goods, a demand for lumber and
large receipts for wool, which tends to-
weaker the market at Philadelphia. Coal
is dull. Chicago continues confident of a
large and profitable fall trade, and the sta
tistics o. the board of trade show an in
crease over last year in the grain business
and in seeds and a slight decrease in meats,
but a gain Of nearly 100 per cent. in dressed
beef, an increase in lard and a large de-
crease in butter.
The dry goods business exceeds last
years, and the prospects of the clothing
trade for the fall are thought quite fatter-
ing. st. Louis reports trade in all lines
above tho average. Milwaukee notes ex-
cellent crop prospects and a good bust
ness. St. Paul finds the situation very
encouraging and trade at Omaha and Dem
yer is good. At Detroit business is quiet,
wool moving slowly because farmers hold
for higher prices. An average business is
reported at Kansas City and no change at
Pirtsbutg, except that while iron mills are
fairly employed, rails are 81 lower, and
glass works are closing fcz the season.
In all the reports, either from the north
or south, there is a noteworthy absence of
complaint about collections, and the money
markets are fully supplied, but the de.
mand is quite active at st. Louis and
Cleveland and pushes close upon the sup.
ply at Milwaukee, while it ia weak at Kan
sas City.
The money market is firmer at Bosto,
and Pittsburg, but plent1fully supplied a
Chicago and easy at Philadelphia, and the
coming July disbursements are expected
to cause greater ease everywhere.
The business failures occurring through.
out the country during the last seven days
number 2O2 as compared with 1879 last
week. For the corresponding week of 1888
the figures were 215.