Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1891-02-12
WEEK. N.TRADE REVIEW.
Present Prospect Which the Free Coinage
Bin May Affect The speculative Mar
ksts Generally Weak.

Present Prospect Which the Free Coinage
Bin May Affect The speculative Mar
ksts Generally weak.
NEW YORK, Jan. 17.-R. G.. Dun g.
Co.'S weekly review of trade says: How.
far the situation and prospect may be
changed by the passage of free coin
age bill by the senate is, as yet, mainly
q matter of conjecture. Reports Of the
state of trade at different points reflect
mainly, a situation prior to that vote,
and show general Improvement in the
volume of business, easier money
markets and a more cheering outlook.
The exports of merchandise heavily
exceeded imports in value at New York,
for January. Thus far the increase
in exports over last year has been
81, 400,0 900, or about IL per cent,
while the imports here show de-
cline of 30, 900, 900, or about Is per cent.
The preliminary reports of exports of
cotton, breadstuffs, provisions, cattle
and petroleum in December were almost
unprecedented. Hence it appears, that
the excess Of exports i'm December was
very large, in spite of the decline of the
movement in breadstuffs. For the past
week with wheat 1c higher, corn and
oats practically unchanged, and cotton
three-sixteenths higher, the exports OF
wheat have been only about half of last
years; of flour less than O. quarter and
Of corn only one-eighth, while the ex-
ports OF cotton show decrease for the
week.
Tn spite Of considerable increase in
receipts, pork has not changed, but lard
and hogs are lower. Oil is 17ac lower
and the speculative markets are gen.
orally weak, outside of those above men
Toned, The reports from other cities
show that until Friday the situation and
outlook had been improving and feel
ing of greater confidence prevailed.
Boston notes greater activity in wool,
goods selling we'll and more buyers ap-
pearing for boots and shoes, with leather
firm, but lumber depressed.
| New York and Philadelphia report
easier money, better trade in canned
goods and in wool, fair trade in grocer
| les generally.
Chicago sees increasing sales Of dry
| goods and clothing with better collec-
tions, some decrease in receipts of grain,
depressed beef and butter, but an in
crease in lard, cheese, hides and wool.
At Cincinnati there is an average
trade, and a favorable outlook at st.
Louis; an activity in retail clothing, ow-
ing to the mild weather, at Kansas City,
and depression in the lumber interest
at Milwaukee, owing to the lack Of
snow, but quiet at ST. Paul and Cleve-
land. Trade is improving at Louisville,
Memphis and Jacksonville; only fair at
New Orleans, but increasing in activity
at Baltimore.
The money markets have grown easier
and the banks are liable 70 help Gus
II l,7,4 of1 oe% ln
difficulty of making commercial loans
has not entirely ceased, though money
on call is very abundant. In other words,
those who have money want their funds
at immediate command in case of any
emergency The treasury has put out,
on cash, Including 81 500, 900 more new
silver notes, about SIS, 900 than it has
taken in during the week. at the west
and south all the money markets are
easier, though rates are not lower, and
caution in regard to the character of the
loans is more frequently noted.
The great industries are not in a
wholly satisfactory position. The mar
ket for wooden goods is broader and more
hopeful, and the demand from clothiers
is distinctly better, while the boot and
shoe trade continues satisfactory. But
the weekly output of pig iron January
was 1877, 500 tons. Bar iron was unset
tied and plates weaker. The coal
trade is in more hopeful condi-
ton and lead and tin are stronger.
The cotton manufacture feels the
effect of accommodating stocks
and low prices. Print cloths have sold
at the lowest prices ever recorded
80 4-10c for sixty-fours, and the advance in
raw material during the past week
comes to increase the embarrassment.
In general, the course of prices fol-
manufactured products is enhanced by
speculative advance in the prices Of
many farm products. The business fail
ures occurring throughout the country
during the past seven days number Al
as compared with a total of 403 las
week. For the corresponding week o.
last year the figures were 1856.