Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1891-04-10
puNN's REPORT.
r. Il Not Very Favorable for the Past
Week.

NEW York. April Ar. G. Dunn q
Co.'S weekly review of trade says:
The actualc ondition OF business
does not improve, however
honcful the anticipatons war;
rantcd. The interests of property IN
MANY forms are for the time affected
and meanwhile the usual demand for
money i'm April has made the markets
closer. though relaxation is expected.
Nearly all the interior money markets
are quiet and comparatively easy.
Omaha and Cincinnati note little close
ness and there is good demand at Chi
caeo and Cleveland. The collections
are quite generally slow and unsatistac-
tory. Improvement being noted hardly
anywhere, but the state of the roads is
usually recognized as a prominent
cause.
The failures for the first quarter OF
1891 have been 3,54s, against 1928 last
wear. and the liabilities have been S42,-
167. G31, against S37, $780, 6S last year in
the United States, but moro than the en-
tire increase both in number and liabili-
ties appears in the southern states alone.
The eastern and middle states report
fewer failures and smaller liabilities than
~
nearly as much increase. In Canada the
number has been 575, against G35 last
year, but the liabilities were $6,O6S,234,
against IS, $50. $40 last year.
Trade at Boston has been quiet. The
movement of mems woolens is unsatis-
factory. Philadelphia notes slow COL
lections in most lines. Pittsburg notes
no important change, and Cleveland
only fair trade, with Cincinnati, Louis
Vile, st. Louis and Kansas City in the
same condition. At Peoria the local
trade is below last years and collections
are very dull, but makers and jobbers of
implements note excellent prospects.
with sales exceeding last years and fair
prospects.
Chicago observes an increase over last
year in the receipts of grain and cheese
and so per cent in wool: no change in
cured meats and hides, and decrease in
flour, lard, butter, and so per cent in
dressed beef. Merchandise moved more
slowly than few weeks ago on account
Of bad roads.
Memphis finds trade not yet near the
normal. but at Atlanta it is improving
and at New Orleans, where sugar is &C
tive at lower prices, rye scarce and cot
ton quiet Bad weather affects the trade
at Montgomery, and at Jacksonville
there are fears of disastrous spring
and summer trade.
Iron does not mend at all, for in the
confidence that strikes will soon end
consumers are waiting. The lowest
prices on record are made by some works
for bar iron, and structural moves
slowly, while wrought pipe is terribly
demoralized. Pig iron is duller than for
years and buyers generally hold off as to
rails, dislklng to help the combination.
Coal is fat, the official price being
about Is cents above last year, but with
some cutting. A better tone is seen in
copper, and speculation has advanced
tin and lead shade.
The wooden manufacturer is doing
fairly, but reports from the west are
that growers look for higher prices on
the new clip of wool, which the present
market for goods does not warrant.
The boot and shoe trade is dull. The
ubber spectators have put new para
at 80 cents, and the syndicate claims to
hold 2, 500 tons, the worlds consumption
being called 1,500 tons monthly.
Speculation in breadstuffs does not
abate and with sales of 33,o0o,Qe0 bush
els mere WneaJ is IA Genus llgner Than
a week ago. Corn is shade lower and
oats unchanged, but pork is SO cents per
barrel higher and lard n cent per
pounds
Cotton has not changed, and trading is
light. Coffee is an eighth stronger, and
oil three-eighths, with small sales.
The average of all prices is a shade
lower than a week ago.
Eastbound shipments from Chicago
for three weeks show decrease, com
pared with last year, of 10 per cent,
and the Atlantic export of wheat. flour
and corn are much smaller, but the
domestic trade of the country, repre-
scented by bank exchanges, continues
close to that of last year, because of the
large advance in the prices of important
farm products.
The business failures occurring
throughout the country during the last
seven days number 243, as compared
with total of 25G last week. For the
corresponding week last year the figures
were 2O6.
The Weekly Bank Statement.
New YORK, April 4.-The weekly
bank statement shows a reserve decrease
of 1852, 600. The banks now hold &c.
11O,O in excess of legal requirements.