Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1891-01-16
DUN'S WEEKLY REVIEW
| THE MONEY MARKET SHOWS
AN IMPROVEMENT,
~ 1t Was Expected to do the First OF the
Issr-speculattve Operations Continue
Wholesome Though Insctlve-Thsi Bust.
ness Failures.

A0of-SpeCulAtlte OprfAtlO0S NO0tAnuo
Wholesome Though nsotive-Thsi Bust.
ness Failures.
New YORK, Jan. 1O.-R. g. Dun &
Jo.'s weekly review Of trade says: The
GEAR opens with the expected improve
nent in the money markets and In coll
cctions, resulting from the annual dis
,urscments, which have been larger than
Usual. The hopeful feeling In most
branches OF trade continues also, and
he railroad outlook is improved. 1t Is
becoming clearer every day that the one
great obstacle to prosperity is the fear
hat tho debascment Of the dollar may
produce . violent contraction and the
withdrawal OF foreign investments, the
collapse OF credits and disaster which
will be felt by every branch OF trade and
industry.
In the cotton manufacture, also, the
,hrinkage Of credits has severely strained
many concerns aud prices have been
very low, but further reductions have
oeen made during the past week in
oleached cotton.
The woolcn manufacture is doing
fairly, though extending but moderately
and buying wool with caution.
In the boot and shoe manufacture the
outlook Is regardsd as especially favor
able. Reports Of trade from different
,itirs are still much Influenced by re-
views of last years great business, but
generally Indicate 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 leather and shoe
trades are dull. Wool Is In little demand.
Some uneasiness is seen regarding obli-
cations in tobacco, but better collections
are reported In paints.
At Chicago the receipts OF grain are
| Equal to last years; an increase is seen
| IN butter and cheese. hides and wool,
| out decrease In dressed beef, cured
meats and lard. Dry goods and clothing
sales exceed last years with excellent
payments, and the shoe trade increases.
it. Louis and Cincinnati note better
trade.
At Denver trade ~ good, and at Salt
Lake 1t Is decidedly improved, while at
| other northwestern points business is un.
changed and comparatively quiet.
Higher cotton produces, greater actlv-
ity throughout the south. Sugar and
.ice receipts at New Orleans are good.
The money markets, throughout the
country, are loss stringent and reports
Of collections more favorable.
Speculative operations continue whole
some, though Inactive. Wheat Is ! &c
,ower. with sales OF only $4,000, ,OOo
bushels. Corn. cotton and pork are UNI
changed; oats and Oil higher, but coffee
Is &c lower.
The most active center OF exchange at
present Is the stock exchange. Foreign
trade continues favorable, exports show
ing large gain over last year,
while there Is some decrease In
imports. The merchandise move
ment shows no reason for the advance in
|fufcfRH-rxciInngc, nor does the local
market, and the treasury has put out
during the week $l,5O0.Og0 more cash
than It has taken In. For some weeks
to come, at least, comparatively easy
money might be expected, II there
should be no disturbance arising from
legislation.
The business failures occurring
throughout the country duiing the past
seven days number 4O3, as compared
with total Of 34s last week. For tho
corresponding week last year the figures
n,orn