Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1891-03-19
DuN,s WEEKLY REVIEW.
III shows an Improvement In Trade
Ahead of Last Year.


DUN's WEEKLY REVIEW.
ii shows an Improvement In Trade
Ahead of Last Year.
New YoRK. March 14.-R. @. Dun &
Co. IS weekly review of trade says:
Foreign influences have again dis
turbed the money market a little and
increased the prevalent conservatism Of
feeling. Directly, the effect here should
be slight, but it is impossible to say how
the already strained condition at London
may be affected, and q serious pressure
at London would be felt on the sale of
securities. The prospect for new rail-
road building, and consequently for
rail production, is not helped by the
monetary situation, and stocks
have been considerably weakened.
But there is more active speculation In
bread stuffs, pork and cotton, which
have all advanced, and the outlook for
farmers has rarely been better at this
season than now. OF the great indus
tries, nearly all are extending and en-
ploying labor fully, but the coke strike
and other causes have produced re-
markable shrinkage in the output of
iron. The weekly output of all furnaces
| in blast, March /, was but 134,5 500 tons,
q decrease of Is per cent. in month.
| So great decline would be sign of inn
| pending disaster If it were not properly
| attrib dtable in large measure to
| temporary causes. The belief that
the coke strike will soon end in
| cheaper supplies of fuel, while
the railroads west of Pittsburg have just
] agreed to reduce their charges, prompts
consumers to expect low prices soon, and
| though the market here has a better
tons, northern No. is quoted as low as
S17.OO and southern at $16.25. The rail
combination has at last been formed, but
the demand is small. Bar iron Is weak,
but in structural iron there is more &C.
tivity. The prospect Tor the
building trades is rather dull. here, but
at other cities, particularly at the west,
it is remarkably bright with the single
condition that threatened labor troubles
do not interfere.
The wool manufacture is doing re-
markably well, though the prices of
goods do not advance. Mills engaged
on dress goods and knit goods are
especially active, and the worsted
works are on full time with fair
prices. In the boot and shoe industry
shops are fairly employed and some new
works are going up, but speculative
furry in hides and leather has made
business less satisfactory. Reports from
other cities are fairly favorable. Boston
notes more buyers of boots and shoes
from all parts of the country, but their
dealings are very cautious and they re-
fuse any advance on last years prices.
Some kinds of leather are higher again,
but domestic hides are more freely
offered at lower prices. Lumber is
fairly active and coffee Is strong. AT
Philadelphia the wool trade is active,
with light supplies.
At Chicago the dry goods sales consid-
erablv exceed last years at the-sama
time, but the payments are not so good
as was expected, and in clothing and
boots and shoes the situation is the
same, but building permits this year ex'
coed last years to date by one-third
Wool receipts are larger, wheat much
larger, and cured meats show an increase
compared with last year, and hides, oats
and rye are about the same, but in -four
corn, barley, lard and butter decrease
appears, and In dressed beef there is q
decrease of one-half.
Pittsburg notes no change in iron OF
rails, but some improvement in window
glass.
At Cincinnati whisky advances, with
good sales and sales of tobacco are heavy
Cleveland notes hopefulness for the
) spring trade, and Detroit observes q
prospect for great activity in building
West of Chicago heavy SHOWS and bao
weather have had much influence, i'm
peding the lumber trade. At MinneGp
oils, though, prices are good and the out
: look excellent, and at st. Paul the job
, bers are satisfied. At St. Louis distri
= button in all lines is retarded by thu
weather. At Omaha trade is quiet. A
Kansas City it is on an average, and a
t Denver slightly improved in spite o
t heavy SHOWS. Reports from the entir
v south are shade brighter, because cot
s ton has recovered slightly in price.
r Baltimore reports trade ahead of las
f year. New Orleans finds cotton receipt
r moderate, sugar dull and rice firm. Sa
i vannah deems the prospect very brigh
O and at Atlanta the better price of cottol
helps, but at Memphis the depression
continues. and at Louisville trade
slow At the south little is said of col
lections, but throughout the west com
n plants of slow collections are more fire
quent, and the money markets, thong
Il nowhere positively stringent, are ger
II orally firm, with more active demand
). The volume of business continues large
q than year ago, but the range of price:
W farm products included, is over 10 pc
d cent. higher and has advanced ~ pc
IS cent. during the past week.
O Wheat rose AZ cents but reacted abou
. cent yesterday, the sales for the wee
being 100000 bushels. Considerin
h that western receipts steadily exceed las
a years, while the reports of foreig
e scarcity are not sustained by export
/ which still fall far behind last year
" the speculation is venturesome. Cor
i. has advanced N cents and oats ~ cent
v for the week on rather larger sales tina
a. usual, and Gotten has risen an eighth. 81
20 all speculative markets have to recko
" with the possibility of scarce none
is before long, as the drain from the Gil
l. to the interior continues The bushes
10 failures occurring throughout the countl
~ the last seven days number 273 as cor
~ pared with total lost of 265 last weel
ar For the corresponding week Of last yes
n the figures were 252
In
at The New Postal Subsidy.