The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1891-01-12
The Expected Improvement
in the Money Market Is
Realized.
The Obstacle to Prosperity the Fear
OF the Dsbasement OF the
Dollar.
Speculative Operations Continue
Wholesome. Though Inactive
Business Failures.

NEW York, Jan. i0.--R. u. Dun X
Co.'S weekly review of trade says: The
year opens with the expected improve
ment In the money markets and In coli
lectlons, resulting from the annual dis
bursements, VI sich have been larger than
usual. Tho hopeful feeling in most
branches OF trade continues also, and
the railroad outlook Is improved. IL Is
becoming clearer every day that the one
great obstacle 10 prosperity Is the fear
that the debasement of the dollar may
produce violent contraction and the
withdrawal OF foreign investments, the
collapse of credits and a disaster which
will be felt by every branch OF trade and
industry.
In the cotton manufacture, also, the
shrlnkage OF credits has severely strained
many concerns and prices have been
very low, but further reductions have
been made during the past week In
bleached cotton.
The WOODEN manufacture Is doing
fairly, though extending but moderately
and buying wool with caution.
In-the boot and shoe manufacture the
outlook Ii regarded as especially favor
able. Reports of trade from different
cities are stlll much influenced by ro-
Views OF last years great business, but
generally indicate a large volume Of
traffic In progress for the season, with q
marked Improvement since the monetary
pressure abated. Boston notes larger
sales OF boots and shoes and OF leather
and stronger hides, firm In wool and
quiet In lumber.
At Philadelphia the heather and shoe
trades are duh. Wool II In little demand.
Some uneasiness IL seen regarding obli-
cations In tobacco, but better collections
are reported In paints.
At Chicago ths receipts OF grain are
equal 70 last years; an increase Is seen
In butter aud cheese, hides and wool,
but decrease in dressed beef, cured
meats aud lard. Dry goods and clothlng
sales exceed last years with excellent
payments. and the shoe trade increases.
st. Louis and Cincinnati note a better
trade.
At Denver trade Ii good, and at Salt
Lake II Ii decidedly improved, while OF
other northwestern points business II un-
changed and comparatively quiet.
Higher cotton produces. greater activ-
ity throughout the south. Sugar and
rice receipts at New Orleans are good.
The money markets, throughout the
country MFe Tess abElnkbhb anu EtpoItr
OF collections more favorable.
Speculative operations continue whole
some, though inactive. Wheat Is nc
lower, with sales OF only $4,000, 900
bushels. Corn, cotton and pork are un-
changed; oats and oil higher, but coffee
is NC lower.
The most active center Of exchange at
present Is the stock exchange. Foreign
trade continues favorable, exports show
Ing a large gain over last year,
while there is some decrease In
imports. The merchandise move
ment shows no reason for the advance In
foreign exchange, nor does the local
market, and the treasury has put out
during the week 81, 100000 more cash
than IL has taken in. For some weeks
To come, At least, comparatively easy
money might be expected, IL there
should be no disturbance arising from
legislation.
The business fixtures occurring
throughout the country during the past
seven days number 403, rs compared
with total OF 34s last week For the
corresponding week last year the figures
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