The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1891-02-23
DUN'S SUM M AIRY.
The Weeks Trade Ha. Been Fair-Fatsra
Uncertain.

NEw YORK, Fob. 2t-R. q. Dun &
Co.'S weekly review of trade says.
There is still much uncertainty about the
future OF trade. East bound sh lpments
from Chicago for the hrst half Of February
have been lac. .y5T tons. against 206, 2ss last
year, "a loss OF 2s percent. This l. mainly
due to the shortage of crops. but the output
and movement OF iron are also much
smaller than year ago, and the foreign
trade is falling below last years both la
exports and imports. The failure OF the
American Loan and Trust Company has
caused some disturbance, but the event has
no widespread influence.
The tone of reports from other cities IL
generally favora Bile. though there il some
complaint on collections at the south be-
cause cotton Is held back for higher prices
Trade il dull at Memphis and Atlanta and
fair only At New Orleans. The prospect is
bright at Savannah, and the trade IL of
good volume Ia spite of bad weather at 81
Louis and fairly healthy at Kansas city.
st. Paul and Minneapolis have active trade,
though In the -four output there Is the
usval decrease for the season. Al Omaha
trade is fair but collections are rather slow
At Milwaukee II is improving
Chicago notes a large increase in wheat
movement but heavy decrease ia dressed
beef. lard, hides and wool. Sales are con
siderably above last years In dry goods
clothing and boots aud shoes, and satssfac-
tory collections In the tributary region ls
considered healthy. Confidence is strong
and money plenty among dealos Detroit
notes quiet trade and only fair collec-
tions. At Cleveland and Pittsburg some
Improvement In iron Is noticed the latter
reporting finished iron In good demand and
blooms stronger, the coke strike having
some influence. At Cincinnati trade Is
average but especially IN dry goods good
and with the south,
The decline OF silver below o. per ounce
AT one time TO 97nc, discourages those who
were looking for a speculative boom In
prices. Wheat Is ic lower with sales of i5,-
900. 900 bushels. Cotton le lower with sales
Of GTT 900 bales, aud oil 3Ac lower. Corn
and oats have advanced Nc each and hogs
a shade. The exports OF cotton continue
above last years as we'll as the receipts,
but wheat and -four exports fall far behind.
and the movement Ia prov ms shows little
Increase. The January exports OF cotton.
bresdstufs, prov isions, cotton and OIL were
s6I, ,3+9.osS la value against s66.sT6, ga last
year, which points TO heavy excess OF eK-
ports over imports for that month. but the
later advance In sterling exchange and the
moderate outgo of gold indicate that the
merchandise balance 10 outweighed At pres
ent by the return OF securities or the with
drawal OF other capital previously Invested
here.
To this movement probably the laws
passed or pending In some western states
contribute. Thus the Kansas house has
passed bill to tax all mortgages. notes aud
bonds. making them not roliectible unless
stamped by assessors. This and other meas
ures cause much calling in of loans aud re
moval of capital.
There Is a stronger tone In the iron N ar
ket. The coal market Is depressed by the
enormous output thus far. 9s4,057 tons, or
nearly 30 per cent. greater than last years,
and tin aud lead are both weaker.
During the past week the treasury has
takon IN aitowesher about $500 600 more than
Ii has paid out The outgo of currency To
the interior appears to have begun. how
ever, Notwithstanding the fact that Mt most
every other city the money market II easy
or growing easier, and scarcely anyone re-
ports the market close. The busints IS fall
ures occurring throughout the country dur
Ing the past seven days mum bcr 2a5 "a COM
pared with 297 last week. For the CORE
spondlng week OF last year the figures were
9TI