The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-08-29
puN.s wEEKLY REVIEW.
Large Trades, Good Collections and q
Bright Outlook.

Largo Trades, Good Collections and 4
Bright Outlook.
r. G.. Dun h Co.'s Weekly ReoieU o.
Trade says: The signs Of monetary dis
turbance, which were noticed in previous
reviews, were not misleading. At Phila.
delphia money was tight, at Chicago in
strong demand, OF st. Louis unusually
scarce ut 2 to 8 per cent, at New Orleans
tightening, at Denver and St. Paul in good
demand, at Milwaukee more active at z pei
cent, firm ut Kansas City and Ether tight
at Detroit ut Z per cent. The obvious and
only sufficient relief is the liquida-
tion on money spccu'atioas In
stocks in wheat, CORA, onts, cotton,
leather, hides, coffee, wool and especially in
silver bullion, which have locked up enor-
nous sums. IN tho silver line about
$4,000, 600 has been locked up to whit fol
higher prices, in grain several times as
much and in other products many millions,
wh,lo the condition of the market for Sc.
curities was indicated by the fall, averag-
ing about 50 per share in q single day, on
nctive stocks when money became tight.
In addition the enormous Imports in
tended to anticipate the pending tariff bill
have virtually locked up for an indefinite
time many millions paid for goods and in
duties on them.
Tho volume of legitimate business
throughout tho country continues largo,
exc eding that of last year by 10 per cent.
outside Now Yo:k, and the desire
to market products ms quickly as
prices rise causes q greater demand
for currency from tao country than
usual. During tho past week the treasury
has paid out only SCI. 900 moro than it has
takon in. Wheat closes 4 cents higher
than a week ago, but the advance vat
much greater before the break came. MOI
only have exports been arrested, but lG0,.
coo bushels of American wheat was ship.
ped to this country from Liverpool, ant
trades were in progress for more. Corr
1ose only II GETS and oats declined 2!
cents. hut pork products were o shade
stronger. Cote, and sugar were held
without q break, but cotton fell SIG of
cent on sales of 800, 900 bales, and oil de-
clined St cents. Exports Of products
f.em New York for three weeks of Angus
ars % per cent. smaller than last year, 'ant
the recent changes do not suffice to brini
cat,blo staples down to the parity of for
oign prices. Tho iron industry still show
q strong demand for finished products
with some stiffening IN prices, but tn
supply of pig iron is SO large that price
are shaded in the urgency to sell. TIL
market for wool is dull and prices aro
tito lower. tho supply of foreign good
offered being very large. Tho demand fo
cotton goods has been fair, but prices d
not change.
Capable observers publish warnings tha
IL halt is needed in the leather and hid
market, prices having risen so far as t
threaten reaction. The reports fror
other cities, with very few exceptions
indicate that q larger trade than eve
before is in progress witt
satisfactory collections and a bright out
look. Crop reports are less discouragine
though the yield must fall below early an,
ticipations as to grain. New Orleans re.
por S very encouraging prospects as to cot,
ton and Galveston as we'll, but Jackson
Vile reports a dull trade and a discougagint
outlook. At St. Louis business is of fai
volume, but somewhat effected by injury
to crops. At Kansas City trade is healthy
particularly in live stock and pack,
ing. Milwaukee reports that crop
will average fairly and Minneap
oils mills have a large output of -four a
advancing prices. The receipts of graf
seeds, dressed beef and cheese at Chicag
are somewhat belowlast years. In butte
tn decrease is 40 per cent, in hides 80 pc
cent. and in cattle considerable. There i
q heavy increase in hogs, q gain of 100 pc
cent. in lard and some increase in cure
meats and wool, and sales of dry good
ami other merchandise exceed last years.
Philadelphia notes the largest bushes
in leather, but wool is quiet. In genera
ths condition of legitimate business is en-
couraging unless monetary pressure {
labor controversies interfere. The bus
ness failures throughout the country dul
Ing the past seven days number 1872 {
compared with 1877 last week. For IL
corresponding week last year the figure
were 206.