Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1891-01-09
puN.s WEEKLY REVIEW.

1 puN,s WEEKLY REVIEW.
An Extraordinary Volume Of Bueinest
shown in the Years ACCOMPLISHMENTS
able Figures in All Limos
New YORK, Jan. ar. G. Dun &
Co. g weekly review OF trade says: Ihe
new year opens with so much uncer
tainty that there is natural disposition
to dwell upon the crowding records OF
the year Just closed, which show an OK
traordinary volume of business. Iron,
cotton, leather, boot and shoe and mea,
products were larger than in any pre-
vious year. Thus 2,2l9,3l2 cattle were
slaughtered at Chicago against 1,163,3lC
in 1889, q gain OF 25 per cent. and 8, 1885,
Os2 hogs. against 4,2l1,767 in 1889, a
gain of So per cent. At Boston, 1885,
| 2ll cases Of boots and shoes were shipped,
against 3,399,9 gain OF pei
cent. The clearing house exchanges
show that the volume OF all bust
ness in 1890 exceeded that of any pre-
vious year by at least 10 per cent,
though in part this increase was due to
the higher range of prices during the
greater part of the year. The advance
in prices of all commodities compared
with year ago is &c per cent, and the
average has been about SIS per cent.
higher for eight months.
| But this unprecedented volume of
| business has not been altogether success
full and the recorded failures have been
| in greater number and in amount of liza
inc lnv m
since 1884, though in number only y
trife greater than in 1889. The average
! OF liabilities was S17,4O6 for the year
against s13,672 the year before.
Moreover, the average of liabilities
for the last quarter was greater than in
any other fourth quarter on record, viz:
S26, 7s4, against Sl4,9O7 in 1889. The
reports from other cities are almost uni
formly confident in tone and indicate a
good volume and fair condition Of trade
for the season, but are liable to be col
ored by the retrospect OF . generally
prosperous year.
The south rejoices in great crops and
wonderful manufacturing growth and
for the moment notes less financial pres
sure, good holiday trade and bright
hopes. ST. Louis has weather more
favorable for distribution and money at
Z to per cent; Kansas City notes a
strong demand for money and receipts of
$4,000 cattle and 35, 900 hogs and St. Jo-
seph ssreports a large increase in the
years trade and care in credits resulting
we'll.
At Milwaukee and st. Paul unseason-
able weather has effected trade for the
week, but very satisfactory reports are
made for the past year and money is
easier. At Chicago, though money is
close, confidence rapidly revives, collec-
tions are easy and the past years trade
exceeds, by per cent, that of 1889 in
general merchandise, dry goods and
shoes; somewhat more in clothing; 20
per cent. in furniture. and 80 per cent.
in some other lines, while the increase in
products of factories is S25, 100000.
Domestic hides are firm and leather
and boots and shoes more active. The
iron industry does not improve. as the
closing of many furnaces indicates. Cop
per and tin open the new year lower.
There is better tone in the anthracite
coal market.
1t is evident that prospects are thought
brighter in the cotton and wooden indus
tries, for the record shows that num-
Der OF new mills are being erected, and
while the great majority Of domestic
wooden goods are selling at as low prices
as year ago, and some even shade
lower. the volume of sales improves and
the market for dress goods and worsteds
have been improved both in volume and,
to some extent, in price. The cotton
market has advanced an eighth, with
sales of 465,oo0 bales, although both re-
ceipts and exports for the week exceed
those of year ago.
At Cleveland jobbers are surprised at
the fullness of collections, but twenty
five iron furnaces in the Mahoning region
are about to close.
At Cincinnati the holiday trade was
satisfactory, and money is less close.
Pittsburg reports q decline of CSC in
pig iron, weaker finished products, and
reduction in the price OF coke to fur
naces from S2.15 to S1.95, though the
Shenango furnaces are also to close.
The eastern reports show easier money
markets and more hopeful feeling. At
Philadelphia the grocery season has
been satisfactory, with good collections.
At Boston conditions are deemed favor
able. Wool is fairly active, with unsold
stocks in the country reported at q, Ooo,-
900 pounds, against 100000 pounds
year ago, and better prospect for
wooden goods.
Other speculative markets have been
dull, but wheat has ad-
vanced x cent and oats IL cents, with
corn u cent lower, coffee q cent lower,
Oil q cent higher and lard 20 cents per
100 pounds higher.
The closeness of money and the I'M
certainty as to the future have pro-
noted healthy inactivity in most kinds
Of speculations, aud the exports OF
wheat at the current prices begin to ap-
proach those Of corresponding weeks
last year. The stock market has been
dull rather than weak, though prices
close much below those of year ago,
averaging for the sixty most active
stocks $3.50 per share, against 1854. GO
On Jan. 2, 1890. The average rose to
500: 934 with the silver boom of May "a,
and fell to S63.61 on Nov. Is, the day
the Earrings liquidation was announced.