The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1891-03-02
MADISON SOUTH DAKOTA. MONDAY. MARCH 2 1891.
The Weeks tsusine,s Very Much what ~
Was the week Before.

A
Nrw YoRk, Feb. 2s.--R G.. Dun Il
| Co.'S weekly review OF trade says: There
| II not much change In the condition OF
1 trade, but there y little more dullness
! at the south and In the northwest, with
| a little more stringeney in the money
markets and complaints OF slowness Of
| collections. Ia general business j. still
hesitatiug. The larger cause Is un-
| doubtedly the partial loss of crops, which
| has left many farmers without means for
| the usual purchases. At the same time the
| collapse of the real estate boom, which
SO widely inflated prices throughout the
west and south, has affected business
| more than has yet been realized. To
this influence Ii added at the south the
extremely low price OF cotton which af-
fects farmers the more because so many
OF them tried. by holding back their
crop to force higher level of prices.
Collections are slow at ST. Louis, Den
YER and Omaha. Easy aud prompt In
dry goods, but not 40 prompt as before
In clothing aud boots and shoes at Chi
cago; about aH average at
Kansas City and satisfactory at ot. Paul
but somehow slow at Detroit, while at
Cleveland much good commercial paper
is renewed and quite a proportion OF
count merchants are sending ia notes
instead OF money. AT Philadelphia there
are tolerably good collections la clothing
and dry goods, but poor in jewelry and
extremely poor In paints. The money
markets, though still generally called
easy. gives signs OF = steady approach to
stringency, and at Omaha money is quite
close, at Milwaukee In active demand
and at Cleveland rather stringent, much
being locked up In iron ore. AT Boston
some scarcity Of loanabe funds H. no
ticed and rates are firm and higher.
Southern reports generally note
fair demand, but no Improvement
H. trade, while northwestern reports
are on the whole less favorable than
before as TO the state of business. At
Denver business is better, and at NIL
waukee. No change is noticed at Kan
sas City and st, Paul, but IL II only fair
Al Omaha; not so strong at st. Louis;
quiet at Cincinnati, except that the car
riage trade is active. and only fair in
manufactures at Detroit. AT Cleveland
trade is fairly good, but brisk In hard
ware and manufactured iron, and the
strike strengthens pig and manufactured
iron at Pittsburg AT Chicago there Is
some decrease In receipts OF nearly all
products except cured meats and wool,
and Ii Is noted that the warm weather
and low prices keep down shipments OF
boots aud shoes to the country. Business
At eastern cities has been Irregular. The
wool trade Is strengthened by compare
tive scarcity and prices Of some grades
arc higher The knit goods manufae-
ture ha- apparently gained most. Trade
Ia cottons Is dull. In rubber goods trade
is unsettled. The glass trads Is fair at
Plttsbu~g, and light In Philadelphia. In
general, at eastern cities, a marked de-
crease in building has caused dullness In
the markets for all materials. This II
In part the cause for recent Stacking In
the iron business, though the coke strike
has now produced more inquiry for pig
iron, and for nearly all products OF iron
and steel Steel rails do not move, BE-
cause suyeIs doubt the permanency
OF the combination Coal Is dull. No
change Is observed In the minor details
There has been an advance IN the aver
age prices OF all commodities, amounting
u half Of per cent. for the week, but 1t
has been almost exclusively In products
Ot which crops were short. The price OF
meat les not advanced, western receipts
continuing heavy whilo exports are light,
but corn has risen > X cents aud oats u
cents A speculative advance OF over
half cent is also seen In coffee. The
exports Of merchandise from New York
for the past four weeks have been 10 per
cent. less than for the same four weeks
last year, and imports also decrease
about 10 per cent.
The business failures during the last
seven days number 290 as against 297
last week For the corresponding week
last year the failures were 3Ol.