The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1891-01-05
DuN's WEEKLY REVIEW.
AN Extraordinary volume of Eusinoss
shown in the Years Records Remark
able Figures 90 All Lines.

| Co ! weekly review OF trade says: The
| new year opens with so much unccr-
| tainty that there A. a natural disposition
/ 10 dwell upon the crowding records OF
the year just closed. which show an ex-
traordlnary volume OF business. Iron,
/ cotton, leather, boot aud shoe and meat
| products were larger than In any pre-
1 vious year. Thus 2,2l9,3l2 cattle were
slaughtered at Chicago against /, ,763, $40
| In 1889, a gain of % per cent. and s, ,T33,-
/ 0se hogs, against 4,2ll,T67 la 1899,
gain Of 80 per cent. At Boston, 3,535.-
2i1 cases of boots aud shoes were shipped,
against 1890, $50, gain OF per
cent The clearing house exchanges
show that the volume of all bust
ness In 1890 exceeded that OF any pre-
yious 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 IL GO per cent, and the
average has been about 5.5 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 lia-
| bilities larger than any previous year
since 1854, though In number only q
| trifie greater than In 1880. The average
| OF liabilities was Si7, ,40G for the year
| against sl3, ,672 the year before.
Moreover, the average OF liabilities
| for the last quarter was greater than In
| any other fourth quarter on record, viz:
se6, 7sa, against SI4,00 In 1889. The
4 reports from ether cities aFe almost uni
| formly confident In tone and indicate
good volume and fair condition of trade
1 for the season. but are liable TO be col
ored by the retrospect OF a generally
| prosperous year.
The south reiolces 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
| 7 TO 8 per cent; Kansas City notes a
/ strong demand for money and receipts OF
1900 cattle and 35, 900 hogs and st. Jo-
seph .reports a large increase In the
1 years trade and care In credits resulting
well.
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 reyiyes, collec-
tIons are easy.and the past years trade
exceeds, by per cent, that Of 1889 In
general merchandise, dry goods aud
shoes; somewhat more In clothing; 20
per cent. In furniture. and 33 per cent.
/ In some other lines, while the increase In
Lroducts Of factories Is S25, 900, 900.
Domestic hides are firm and leather
| and boots and shoes more active. The
iron industry does not improve, as the
.s,, ney and 4 Tia cE oSst tfarnaefs pdleaies, vQP
| There Il a better tone In the anthracite
coal m irket. -.
II i evident that prospects are thought
brighter In the cotton and woolen Indus
tries. for the record shows that num-
ber of new mills are being erected, ana
while the great majority OF domestic
WOODEN goods are selling at as low prices
as a 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 ana,
20 some extent, In price. The cotton
market has advanced an eighth, with
sales of 465, 900 bales, although both re-
CENTS and exports for the week exceed
those of year ago.
Al Cleveland jobbers are surprised al
thesfullness of collections, but twenty
ave iron furnaces In the Mahoning region
J are about 90 close.
AT Cincinnati the holiday trade wa
J satisfactory, and money Is less close.
Pittsburg reports a decline OF 25c II
> plg iron, weaker finished products, an'
} a reduction In the price OF coke To fur
. naces from s2.l5 TO S1.95, though Tn
{ 1Shenango furnaces are also TO close,
: The eastern reports show easier mone'
( markets and more hopeful feeling.
Philadelphia the grocery season ha
i been satisfactory, with good coftectfofs
j At Boston conditions are deemed favoi
O able. Wool Is fairly active, with unsol
3 stocks In the country reported st tsOOO
q 600 pounds, against 3o,O0O,O00 pounds
Il wear ago, and a better prospect fo
wooden goods.
a Other speculative markets have bee
comparttively dull, but wheat has al
yanced u cent and oats II cents, vii
corn u cent lower, coffee Y cent lowe
oil Y cent higher and lard 20 cents p'
IN 100 pounds higher.
The closeness OF money and the "a
certainty as 10 the future have pr
- mot1,d healthy inactivity In most kin'
~ OF speculations, aud the exports
- wheat at the current prices begin 10 q
!" proach. those OF corresponding wee
y, last year. Tho stock market has be-
dull rather than weak, though prize
~ close much below those Of year az
- averaging for the sixty most actl
=, stocks $500 per share, against S54.
- on Jan. 2, 1890. The average rose
!, ~ 800. g3l< with the silver boom OF May
y, and fell 10 s63.8l on Nov. Is, the d
- - the Barings liquidation was Announce
=. The most significant fact in this bu
-, ness Is that new issues Of securities list
during the year, after deducting all
the replacement of older securities, ha
amounted 10 $3.50, ia, $40 bonds q
sis9, $50, ,751 stocks, exceeding by 81
m on 600, 600 the net issues for the preyi,
- | year.
The prospect for traffic II affected
fayorably by the shortness OF Gro
which some roads begin 10 feel serious
.. - but favorably by the better understa
. Ing between managers, which proml
- more satisfactory rates. The monet
&1n m4k..maf.Nw km@ mn& al HuFfnu