The Iola register., 1891-11-13
BRIGHT BUSINESS.
In Spite of the FURRY at Boston
Trade Continues Steady.
DEALINGS LARGE IN VOLUME.
notwithstanding Interruptions BY the
Elections Business Compares Favor
ably-Iron Industry Flourishing-
Labor Employed.

New YORK, Nov. 7.-R- G. Dun & Co 3
weekly review of trade says:
The failure Of a widely known bank
at Boston was the striking event of the
week, but has caused astonishment
rather than disturbance. Withdrawals
of money from this point to fortify
Boston have caused higher rates. Crops
are moving freely, so that 1t seems
scarcely possible that any important
monetary disturbance shall arise at
present
Reports from all parts of the country
show that the business, though inter
rupted somewhat by the elections, has
been large in volume. At Boston the
failure Of the Maverick bank caused
some uneasiness, but business con-
tinues steady and healthy, no lack OF
confidence is seen and money is easy.
At Cincinnati groceries improve, the
hat trade is good and money fairly easy,
and at Cleveland the lookout is good
and the demand for money equals the
supply. At Detroit trade is healthy
without initiation and the demand for
money moderate.
Western reports still show the effects
of phenomenal grain movement AT
Chicago receipts of wheat and rye are
three times last years, the increase in
dressed beef is 100 per cent, in oats,
hides and wool 33 per cent. and in
flour IL per cent, while decrease of a
third appears in corn, quarter in bar.
ley, one-half in cured meats, some de-
crease in cheese, butter and cattle,
while lard receipts are but quarter
of last years Sales of dry goods,
clothing and shoes are largely in ex.
cess of last years and money is
in fair demand At Milwaukee
trade is good with confidence in
all branches and money is quiet
and active. At St Paul manufact-
uring is much stimulated by large crops
and money is easy. At Minneapolis
the lumber trade is closing well at stiff
prices and the output of -four is 209, 600
barrels against 1sO, 900 last year, while
at Duluth receipts of wheat for two
months have exceeded those for the
whole of last year.
At St Louis increased distribution is
observed, and exchanges in October
were the largest by 100000 in any
month in the history of the city. At
Kansas City trade keeps in good shape,
at Omaha is active and at Denver i'm.
proving.
The iron industry, in spite of the
lowest prices ever known for some
products, shows no dependency and
the demand for manufactured iron and
steel does not diminish. The copper
trade is just now unsettled, but it is
slightly stronger, though lead is lower
at Al cents.
A slight decrease appears in the late
shipments of boots and shoes from Bos-
ton. Trade in dry goods looks a little
better. Spring woolens are in rather
more demand, the dress goods season
is fairly satisfactory and agents have
begun to show overcoatings with fair
results. Trade in cottons is just now
equal to last years, but for the whole
season thus far It has been considerably
larger.
Speculation has lifted wheat IL
cents, though the western receipts con-
tinue enormous. Exports for the week
thus far are about equal to those of re-
cent weeks. Corn has declined one-half
cent, with somewhat increased receipts
at the west and cotton is one-eighth
cent lower, with very Eeavy receipts at
southern ports Oil, pork products
and hogs are somewhat lower, but
coffee one-half cent higher. The gen.
eral average of prices is shade lower
for the week and the markets are less
embarrassed than usual by cliques
maintaining artificial prices
In the main labor is well employed,
with few controversies about wages.
Throughout the country collections
seem to be fair for the season, and on
the whole gradually improved.