The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-22
Business Continues Large But
a Perceptible Loss OF Feel
ing of Confidence.
Complaints Of Slow Collections Gen.
eral--Hope for m Improve
ment Soon.
Money Very Close at All Points--Fair
Trade Reported in the
South.


New YoRK. Dec. 2O.-R. q. Dun
Co.'S weekly review OF trade says: Bust
ness continues large for the season, but
there Il perceptlble loss OF the feeling
of confidence. The causes appear 20 be:
ILL., the prospect OF important monetary
legislation, the effects OF which are not
clearly foreseen; e. the frequent fall
Rres and greater difficulty IN making
collections. aud a. less satisfactory con-
ditlons In some large branches OF indus
try.
Probably more people are affected as
TO business undertakings, often uncon-
scionsly, by the uncertainty OF hnan-
cial legislation and its effects than by
any other caase. Though the rate
for money on call is lower than a
week ago, and money Is lower at Bos-
ton and Philadelphia, there Is still
stringency at most points throughout
the country. Complaints OF slow col
lectlons have rarely been more general,
and In many eases settlements can be
made only with notes or renewals, But
In all quarters there IL hope that after
Jan. | things may improve In this res
peet II legislative prospects do not mean
while cause greater shrinkage Of credits
and cnrtaIlmont OF purchases. Foreign
influences are not now disturbing. Ex-
ports Of products for the two weeks OF
December from New York show q gain
OF per cent. over last year aud the to-
tai of last December was hardly ever
surpassed. Though Imports continue
heavy they are greatly exceeded by the
exports at present Exports OF cot
ton thus far this mouth exceed last year
and also OF provisions, but there IL
heavy decrease IN grain caused by the
speculative prices here.
Trade at the south Is fair, at most
points reporting; healthy at New Orleans
with larger cotton receipts; dull at Mem
phls. but moro confident at Little Rock;
slightly improved at Montgomery aud
good &c Nashville; less confident at Jack
s0nvIlle. and at Atlanta the accnmuIa-
tlons Of cotton are large.
Money II very close nc all points. the
fsa ssks hsfs>as.1 R.- Al..-
can. but collections are mol up W the Nv
erage.
Across the Mississippi, ST. Louis has
colder weather favorinR all lines OF
trade, but at Kansas Clty the holiday
trade is below the average. At Denver
the trade Il only fair. At Salt Lake it IL
improving some. At Omaha u Is fair.
Az Minneapolis it Is steady for lumber
and improving In prices for hour, and at
ST. Paul confidence is returning. Col-
lections In this region are only fair.
AT Chicago the receipts Of wheat and
wool are a third below last years; oil
hides larger and OF other products about
the same. The sales OF merchandise
exceed last years. Money IL arm and
regular. business Ii supplied and there y
confidence In the immediate future. Az
Milwaukee and Detroit the trade IL good.
At Cleveland IL IL fair and at Cincinnati
very quiet In Wholesale lines. Pitts
burg reports more confidence In the
trade In manufactured iron and In glass
IL Is slower aud Bessimer booms are
1 lower. The banks are less apprehen-
sive bHt cautious.
Confidence improves ~ Boston.
Though money IL easier at Philadelphia,
the noteworthy feature Is the general
difficulty OF collections, especially In
iron, paints, oils, jewelry aud glass.
Trade Il fair In all these lines and glass
plates are sitter, bat lower prices are
expected In wool. and the demand for
tobacco Il light
The anthracite coal trade H. AemeFal-
ized. and restrictions OF the output &c
not restrict A general breakup OF the
combine II being apprehanded. Iron
shows no improvement at philadelphia
or here. The demand for finished pro
ducts generally IL slack and the CLOSING
of more furnaces is likely TO be forced
Copper IL unsettled. bat tin is q SHADE
stronger at co. IS cents and lead at $40
The dry goods trade feels the influence
OF recent failures and OF the stringencl
In commercial loans.
In th speculative markets the ten
dency has generally been downward
though wheat Is k cents higher than
week ago In spite OF the phenomenalil
large exports and the accumnlatlnl
sgtocks.
Corn Is 80 cents lower; pork 10 cent
per barrel: hogs 45 cents per 100 pounds
r aud oil fraction lower. Cotton an
coffee are unchanged for the week.
II Il noteworthy that the specnlatls
markets are all hesitAting In the feelln
that monetary legislation may indet
nitely alter the situation. Hence th
largely Increased immediate supplies |
money by the imports Of gold, an
treasury disbursements have less ehe'
than might be expected.
The business failures occnrriT
throughout the country during the Ia
seven DAYS number 40f as compared wii
s74 last week For the corresponds
week Of last year the figures were s4e.
Harrlngtpn 10 Heme.