The DeSmet leader. (DeSmet, Kingsbury Co., Dakota [S.D.]) 1883-1891, 1890-05-17
OUN's HOROSCOPE.


" to Control Future Trade.
r. G. Dun 4 Co.'s weekly review OF
trade says: During the past week the
business situation has changed but
little; the outward manifestations
vary somewhat, but the leading facts
are still the enormous volume OF traf'
fc in progress, the expectation OF mon
etary expansion, and the absence OF
forces at present seriously disturbing
ey en- in details. There is just now 60
much repetition from week to week
that it seems less worth while for once
to reciue them than to look for the fore
es which are likely to control details
in the future. Chief and most potent Of
the present favoring influences is still
the prospect OF increased monetary
use OF silver in some form, though no
progress toward accord OF the two
houses OF congress seems to have
been made this week. There have ev-
en- been some Indications that extrem-
lists might insist upon passing q bill
which the president might veto. and
markets were to some extent affected
at times by this fear. But the belief
| more generally prevails that practical
men will prevent serious disagreement
about methods, and this confidence 10
30 strong that the possibility OF early
reaction, because the immediate re-
suits of the measure may fall short oil
anticipations, Is commonly overlook
ed.
Labor controversies cause less in
terruption than has been anticipated.
Settlement by arbitration at Chicago
and concessions at many other points
produce cofidence of early and amia.
Bile adjustment, so that any disturb.
ance of industry may be avoided.
This has enormous potency rs q FAC
tor favoring prosperity and 1t out.
weighs the fact that capitalists and
railway managers have not been equal
ly ablo to settle their disputes. Rail.
way quarrels grow more discouraging,
and railway managers have not been
equally able to settle their disputes.
The great cut in through rates, and
the confession of trunk lines that the
interstate law has been systematical.
ly violated or evaded, have depressed
stocks at one time, notwithstanding
continued gains in earnings later.
Reaction in wheat. OF which there
were signs week ago, became dis.
tincr, but was followed by another
upward jerk when state reports indi-
Gated that the official return for May
would show no improvement in con.
dition. 1t has come to be recognized
that injury to winter wheat may
count for SO. 600, 900 bushels at least.
but spring seeding has covered an IN.
creased acreage and q larger yield ol
that kind would naturally follow high.
er prices
Cotton is a shade weaker than a
week ago and accounts OF injury less
impressive.
Iron shows no great change, the rad
ical sjact in that branch being the
transfer OF part OF the production to
Southern instead OF Northern fields.
The increase in wool supply this
year cannot be large, but the expecta.
tions OF higher prices SO generally en-
| tertained by growers tend TO embar
rass manufacturers. Boston sales
were 10 per cent. more than last year
| with prices still.
Movements ofmeats continue heavy
At Chicago 3, 600, 600 pounds dressed
beef, against 945. 900 last year, and
for the year thus far 5O.0OO,O ,O0C
against $4,000, 900 last year. The
beef cattle have reached the highest
point for the year. lard receipts al
Chicago are nearly double, and hogs
grow stronger at the West. In gener
al, operations in products are re
markably large with advancing pric
es, but mainly because Of expected
loss in production this year. The dry
goods business continues in full vol
ume and the shoe trade is also larger.
The volume oi all trade shown by ex
changes outside OF New York remains
about 10 per cent. above last years,
which In turn was the largest on rec
cord. The money market is fairly
supplied, with prospect OF increasing
abundance.
Failures during the last seven days
number for the United States 185; fol
Canada, "a; total. 900, compared
with gil last week. For the CORE
spending week OF last year the figures
were 1913 in the United States, 20 in
Canada.
1