Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1891-02-27
puN's SUNNI AIRY.
The Weeks Tradc Has Been Fair-Fnture
Uncertain.
New YORK. Feb. 21.-R. g., Dun
Co.'S weekly review of trade says:

New YORK, Feb. e1.-R. g., Dun &
Co.'s weekly review OF trade says:
There is still much uncertainty about tho
future of trade. East-bound shipments
from Chicago for the first half OF Februar!
have been 14G.951 tons. against 205.2S3 last
year, a loss of % percent. This is mainly
and movement Of iron arc also mucl
smaller than Il year ago, and tho foreign
/ trade is falling below last years both il
exports and imports. The failure of the
! American Loan and Trust company has
caused some disturbance, but the event has
no widespread influence.
| The tone of reports from other cities L
generally favorable, though there is some
complaint on collections at the south be-
cause cotton is he'd back for higher prices.
| Trade is dull at Memphis and Atlanta and
far only at New Orleans. The prospect is
bright at Savannah, and the trade is OF
good volume in spite of bad weather at St
Louis and fairly healthy at Kansas City.
ST. Paul and Minneapolis have active trade,
| though in the flour output there is the
usual decrease for the season. AT Omaha
trade is fair but collections arc rather slow.
AT Milwaukee it is improving.
Chicago notes a large increase in wheat
| movement. but a heavy decrease i'll dressed
| beef. lard, hides and wool. Sales are con-
s.dcrably above last years in dry goods,
clothing and boots and Shoes and satsfac-
tory collections in the tributary region is
considered healthy. Confidence is strong
and money plenty among dealers. Detroit
notes Il quiet trade and only fair colec-
tions. At Cleveland and Pittsburg some
Improvement in iron is noticed, the latter
reporting finished iron in good demand and
blooms stronger. the coke strike having
some influence. AT Cincinnati trade is
average but especially IS dry goods good,
and with the SOUTH
The decline of silver below 81 per ounce,
ut one time to 911ac, discouragcs those who
were looking for a speculative boom in
prices. Wheat is lie lower with sales OF 49,
100000 bushels. Cotton lc lower with sales
of 677.D00 bales. and oil 3ssc lower. Corn
and oats have advanced &c each and hogs
Il shade. The exports of cotton continue
above last years as we'll as the receipts.
but wheat and flour exports fall far behind,
and the movement in provisions shows little
increase. The January exports of cotton.
breadstuffs. provisions, cotton and oil were
SCI ,549,5s3 in value against S56.375,T24 last
year, which points to a heavy excess of ex-
ports over imports for that month"; but the
later advance in sterling exchange and the
moderate outgo of gold indicate that the
merchandise balance is outweighed at pres
ent by the return of securities or the with
drawal of other capital previously invested
here.
10 this movement probably the laws
passed or pending in some western states
contribute. Thus the Kansas house has
passed bill to tax all mortgages, notes and
bonds. making them not colectible unless
stamped by assessors. This and other meas
ures cause much calling i'll of loans and re-
moval of capital.
There is stronger tone in the iron mar
ket The coal market is depressed by the
enormous output thus far, 9s4,057 tons. or
nearly 30 per cent. greater than last years,
and tin and lead are both weaker.
During the past week the treasury has
taken in altogether about 5000. 900 more than
1t has paid out. The outgo Of currency to
the interior appears to have begun. how
ever, NOTWITHSTANDING the fact that at most
every other city the money market is easy
or growing easier, and scarcely anyone re-
ports the market close. The business fail
ures occurring throughout the country dur
ing the past seven days number 295, as COM
pared with 297 last week. For the CORE
spending week of last year the figures were
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