The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-15
Past Disturbances and Con-
tinuing Uncertainty Felt
In a Reduced Volume.
The South Raports Fair Business in
Spite Of the Continuing Decline
of Cotton.
Cold Weather Helps Out in the West
Little Activity in Spec
ulative Markets.


Co. y weekly review OF trade says: The
business outlook Is more hopeful, but
the past disturbances aud continuing
uncertainty are felt In u reduced vol.
uEne of business throughout the country,
which though slightly larger than year
ago. no longer shows the material In
crease until recently maintained. The
south reports fair business Ia spite of
the continuing decline In cotton. .Spirits
move freely at Savannah. Oranges at
Jacksonville and sugar, mOlasses and
rice at New Orleans ARE oil at good
prices. The supply OF money h ample
for the necessities at New Orleans, bus
at other points money II light, though
the banks help their customers rs far
as they can In legitimate business only.
AZ the west colder weather has helped
trade at Cincinnati, Detroit and some
other points, and business Is only fair at
Denver, good for the season, with large
cattle and hog receipts, at Kansas City:
strong. with liberal dIstrIbution OF goods,
at s. Louis; fair for the season at ST.
Paul and more sctive In holiday lines at
Cincinnati.
Chicago business continues much larger
than for last year, being little affected by
eastern sroubles, aud the receipts Of
most products show an increase at Pitts
burg, the worst Is thought 10 be over,
and money and collections are easier,
though iron has declined, and there IL
less demand for manufactured products.
Philadelphia notes little Improvement.
The shoe trade notes sharp falling of,
especially In the southern demand. Bos-
ton observes an improved demand for
leather ut lower prices, and the whole
sale trades generally are quiet.
Iron production Increased In Novem-
ber. reaching Is3, $40 tons on Dec. 1. q
gain Of nearly 5000 tons for the month
and over $4,000 compared with last year.
Several new aud large furnaces have
gone Into blast, but later dispatches
show that within two weeks number
hAva A .gped production and one south
II slsas ! sasn''i ars lowrr: Eighteen dollars for
northern and sI..25 for southern No. |.
with rails llfeless and decidedly less de-
mans for bar iron and plates. It seems
clear. also. that the stocks Of nnsoid
iron AZ furnaces are Increasing, 30 that
rurtaIlment OF production seems 10 De
unavoidable.
The WOODEN manufacture Is doing de-
eidedly better than q year or six months
$40 hnt heavy woolens open az last
yeay's urioes. Some oyercoaiings have
advanced from to . per cent, but
others are lower Some grades OF union
cashmere are s per cent. higher, but the
great majority realize no advance, aud
there a a waiting market for knit goods
and n shrinking demand for dress goods,
though plain. soft wool fabrics command
from 3 10 ~ per cent above the lowest
prices Of the year.
The cotton manufacture Is less salts
factory and some works are suspending
production, print cloths having fallen
to cents for 6-4s.
The speculative markets have not been
very active, but wheat has risen &c and
corn 2Le and oats iSc. Pork products
are unchanged: cotton l*i6c lower; OIL
SIC lower aud coffee ae lower. The
rise In breadstuffs is not sustained by
the foreign demand, exports railing Tar
below those OF last year, week by week
-...,F by prospects for the next crop, since
state reports generally show an In
creased acreage OF winter wheat and an
excellent condition.
Tin has risen half cent during the
week, bat copper u 81 aIsea rialn- -prlie. ial
ofFers at I6c for lake being unaValllng
and the market for lead is thoroughly
dem0FAliGGu u4 bbs thANoa s@~fSb " 49,
tons at the recent speculative prices.
Treasury payments Tor bonds do not
ret appear IN the statements of cash
which show no loss Tor the week. Inc
most significant fact Is that very large
proportion Of the money was taken ~
gold by the sellers OF bonds presumably
for withdrawal until the uncertainties
about silver legislation have passed.
The commercial troubles outside OF ths
monetary stringency are mainly due u
excessive purchases made In anticipation
OF great rise In prices. Those wh'
made such purchases In the belief tina
IN ante of the expected higher priee
aud Che short crops consumption woni'
be as great as ever, find themselyes EN-
harrassed by distinct shrinkage in tn
distribution OF products Of commerce.
The business failures oecnrrinl
throughout the country during the las
@eyeu days number 374, rs compare
with 4 total OF a12 last week. For tn
corresponding week of last year tn
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