Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1891-01-02

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DUN'SWEEKLY REVIEW
HOLIDAY TRADE SHOWS GEN.
ERAl PROSPERITY.
AZ No Tiuae Has Labor Been So Fufly
Employed rs at the End Of lS8O-Pros-
psct throughout the Entire Nershwest
Generally Brighter.
New Work, Dec. 27.-R. G. Dun e.
Co.'S weekly report says: Business has
progressed as well as could be expected
in week broken by the Christmas holis
days and a great snow storm. The holt
day trade was remarkably heavy here
and at nearly all other points good. which
is BY no means evidence that the tight
pess of the money market springs from
any general embarrassment of business
or .industry. Tie volume ef payments
through the banks contiEues larger,
though but about } per cent
larger than a year age Railroad
show q gain of about per cent. over
those OF the same weeks last year. For
cign trade is very heavy, in spite OF
causes which were expected to insure a
material decrease. The uncertainty in
regard to monetary legislation and its
possible effects is still great obstacle.
but even this has Il less disturbing iItlu-
.ence Than it had a week or two ago, as
the prospect OF unwise action seems more
remote. The money markets have gem
orally grown easier durSag the past
week, not only in the east, but at some
Of the western and southern centres
Reports from other cities disclose no
important change in the condition of
trade. Wholesale business naturally
slackens and is quiet at this point in the
year and the indisposition SO act is rather
increased BY the hardness of collections.
At Boston prospects; are considered bet
ter for the. trade in Woosen and cotton
goods. The conditions, at .otheE'eastern
cities have been not essentially different;
though at Pittsburg Besseancr ison has
sold at $685., the lowest price for the
year, and all pig iron is ataoottom prices.
Manufactured iron is in fair demand
and rails unchanged. The flint
glass trade is quite active. with
fewer hands idle than for months
past, and the window glass trade is
fair. At points further west expectation
of Improvement after Jan. / is general.
though the trade is quiet in wholesale
lines, but fully up to last years. AT
Kansas City the trade is quite good, but
cattle and hog receipts are light. Al
Lincoln, Ncb., business exceeds sthnt Of
last year, though fears OF state lcgisla-
ton against lenders tends to increase the
prevailing stringency. At Denver the
demand for money is lighter and the
supply equal to legitimate ,needS. AT
Salt Lake the money marketds extremely
close and the outlook unsatisfactory At
other points in the northwest the none
'tary situation seems rather better.
Reports from the south also Indicate
some Improvement. Manufacturers at
Louisville arc fully employed. though
money is very close. Trade TT Atlanta
lfactorlly and at Galveston receipts 'cx-
.cecd those of last year. New Orleans
,reportsa fair trade, larger receipts of
cotton, the crop being there estimas tod ut
1900, 600 bales. and good receipts OF
ssngar and 1nolasses with steady prices.
Throughout the south the fictitious
prices maintained last summer and fall
for cotton have caused some cMbarrass-
;mcnt, being followed by the inevitable
decline as the magnitude OF the crops
became known, but more than 5000. 600
have already passed out OF the hands Of
producers, mainly at fair prices. 1t is
especially encouraging. thut. thus far,
there has been so little embar-
rassment.@ and so few failures
among the. important manufacturing
works recently established III that Sec
ton. While the situation. Of tito iron
and steel industry shows ITO improve
mont, the fact that the closing weeks OF
the year are passing without any serious
setback gives encouragement. There is
anxiety as:to the demand which may ap-
pear with the new year, since it is gen
orally perceived that many works must
remain idle for, a time unless there is a
decided increase in consumption. For
most finished products the consumption
is even now SO great that in any previous
year it would have been considered ems
nently satisfactory. The exception is
the steel rail business, in which q crisis
and destructive. competition seems immi-
nent, q provisional agreement made dur
ing the past week in this city having
been defeated by tho refusal OF an east
ern mia to sign.
The WOODEN manufacturers are clearly
enjoying q larger demand fog most prod
,ncts since the importations were checked,
but as yet no considerable Improvement
in prices has been found practical. The
Teadjustment of prices in the boot and
shoe and leather industries seems to be
progressing fairly. with less prospect of
any serious embarrassment.
On the whole labor has never been
more fully employed than In the latter
part of 1890.
Ghe monetary situation grows more
satisfactory, because treasury disburse-
ments continue and arrivals of gold have
giuen aid and the enormous excess of
merchandise exports over imports
is felt. In three weeks of December ex-
ports from New York have been 2
per cent greater than last year, which
would indicate heavier exports than in
any previous months, while the increase
IN exports has been but 9 per cent.
These facts point to an excess Off ex-
ports as large as the S37, Zoo, 900 of last
December, and in November the excess
OF EXPORTS over imports was more than
$35.OOO,0Co.
There has not been much activity
On SDnr Lea tion thio u,aoI @bo,rL 49,.