The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1891-02-02
Larger Volume of Trade Ia
Ever Before at This
Season.
Merchants Everywhere Find Rs16
for Hopefulness and Greatly ]
Increased Confidence.
Business in the South Fair and Ii
proving--Northwestern Banks
Well Supplied.

NEW YORK. Jan. 30--R. q. Dun z
Co.'S weekly review of trade says:
business continued unprecedented n
volume and satisfactory In character.
Measured by the clearing honse returnS
the trade exceeds that OF year ago b.
~ per cent. In amount, and that meanx
volume OF business larger than any
other year at this season. The tone Ia
commercial circles throughout the coun-
try Is hopeful, and the money markets
are now comparatively easy at all points.
Tho dry goods trade Is, on the whole,
very satisfactory for that reason Tho
increasing demand for wool. though still
confined 10 actual needs for consnmp-
tion, proves that the current prices, low
rs they are, do not arrest production.
The trade I'm boots and shoe
leather Is somewhat retarded by
monetary uncertainties, and there
Is, besides, some reason TO
suppose that the consumption may not
be quite up 10 expectations. Sales In
the northwest, Judging from Chicago re-
ports, appear to exceed last years, but
Ii Is doubtful whether eastern sales are
larger, and from Philadelphia and Balti-
more come some indications that south
ern sales may not be as large.
The manufacture and sale OF machin-
cry, implements and tools seem To be
larger than ever. and. while copper. tin
and lead are all shade lower for the
week, the consumption OF each is very
heavy.
The embarrassment In the iron and
steel manufacture aud trade is now
clearly perceived 70 be the result OF a
marked shrinkage in demands for con-
sumption. Bar iron Is very dali. The
demand for plates Is very much smaller
than was expected, and for sheets irreg-
uiar and unsatisfactory, while structu-
raj iron Is dull and lower. There Is very
little doing In rails.
Accounts from southern cities indicate
only fair trado. with an Improvements
at Atlanta and q slight improvement at
Jacksonville, but increasing receipts
aud lower prices for cotton ct New
At St. Louis business Il apparentiys
strong and building promises 70 begin
earlier than usual. At Kansas City and
Denver trade Is fair; at Omaha dull, but
at st. Paul excellent, snow having
helped, and the flour trade at Minneapolis
Is aided by the rise In wheat. The lum-
ber trade there Is good.
At Cincinnati manufactures are active.
especially In machinery. At Detroit
Iron II weak, but at Cleveland in good
demand. and AT Pittsburg there Is no
special change, though the glass trade is
rather dull.
Chicago notes larger trade than a
year ago in nearly every thing excepting
dressed beef, the gains In hides and wool
being especially heavy. and In dry goods
and clothing sales have increased with
better collections.
Throughout the northwest IL Is note
worthy that country banks are we'll sup
piled with money, and, while the demand
is brisk at Chicago, tho market Is easier.
Philadelphia'reports a good demand for
comblng wool; encouragement In the
dry goods and shoe trades and an Inn
provement In paper, because of the gov
ernment award 10 Pennsylvania makers.
The startling death OF Secretary Win
deas caused u sudden failing In the price
OF silver, In London, II was stated I'm dis
patches, but no change whatever In the
financial policy OF the government
is likely 10 result, though 1t
may easily happen that successor. how
ever able, may not possess the fertility
of resource which Mr.. Window has
shown In meeting the emergencies. The
operations of tho treasury during the
week have In no way affected the money
market, which Is well supplied. Specu-
lation accordingly grows more active
and wheat has advanced 3Sic, corn 3l5c,
oats 1sc and coffee l5c per 100 pounds,
but cotton Is l-i6c lower and oil 2kc
lower
The business failures occurring
throughout the country during the last
seven days number $50, as compared
with $50 last week. For the CORES pond
ing week OF last year tho figures were
aaY