The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1894-03-05

Enc"n~s '"h by u. q. DIT" s.
G.. tan"~ .5"cr-n>in:.
N.Y. N,:.;. '"uru5-R =. Dun q
Co.. .:t "'.t T",tu"-'
N".'.y .rr 4, ..,.'a m:y ".4..nn
than "a wv"; 80 l,yorhnn" tur ou:r.me
Of financial nr ven disputes, = r
llArs mere people have ome TO the D4-
lief taut tne nd w.il answer tnrir
wishes. Cert M.y "I,tt"r more arc Tx
Ing limited risks III business. especIn y
III stocks. 4 sI1S. an:lal basil, Is '"r
>.OYT!" craving demand for goes
cau>-l by IRA iurl exhaustion of stu>Ns
hell ~ dealers. and tbs has further n
iargtd the working force III nI"IuH g.
lures. More works have resumed or
increased hand, or hours tnan have
stOi ped or reduced, but
Numerous Reductions In Wages
continue to lessen the purchasing power
OF those al work. The demand from
distributors Is almost exclusively for
low priced WOODEN and cotton goods, for
$50 and IS boots, and tor shoes rather
than boots. In all branches of the
WOu!cn manufacture the delnand is yet
Tar below the usual mark, but it is
somewhat improved III wOrsted and
dress goods, and leading mills have been
taking wool quite largely, SO that in
three chief markets the sales have been
4,391. 200 pounds for the week, against
5,l9', 800 last year, i'll part because
scarcely any foreign wool has been i'm
ported for months and supplies are
snort. Western markets are also broad
or without improvement in price.
Continued Weakness
appears in prices Of metal products,
notwithstanding some increase in actual
business. Moderate orders for cast pipe
have been placed, and some large struc-
tural contracts, with others expected.
Even in the Pittsburg region little over
half the force is employed. and only 81
| per cent of the Connellsville ok ovens
are yet in operation. There are heavy
transactions in lake ore at Pittsburg,
and it is said that with ore at $2.75, coke
at 81 cents and wages reduced 20 per
cent, many furnaces can make iron at a
profit Ven at present prices. Minor
metals are Weaker-tln, III part, le-
cause OF the fail III silver and dlsOrgan-
wed Eastern eXcrInGts. and lead be-
cause OK expected legislation. Ship
mtnls of boots and snUt% from Boston
show Il decrease Of only : yer cent tor
the week, winch Is the i,st for IA long
time, and there is more !uyIng, ut al
mos exclusively Of medium low priced
goods.
lt"c"iptS and Exports of Wheat
for the week ave lceu only about half
last years, while there Is IA great in
crease both III receipts and exports OF
g. III, but scarcely any change is seen III
i!lces Of these Oh other products. Cot
ton receipts for the Week are still slightly
above Last years, the tail in silver and
the closing of some mills hinder "a rise
In prices. Imports of merchandise sill
show a decrease OF 40 per cent, while
exports of domestic products for three
weeks are ) per cent larger than last
year. The buying power of the people
Is necessarily restricted with MANY
works idle and wages much reduced
and apprehensions for the future cause
general economy. The most encourage
lnE feature of the weeks record is the
continued decrease in number and I'M
portd"ce Of failures. For tho past week
States, against 2o6 last year, and AZ IN
Canada, against A. last year, scarcely
any being Of mnt h importance.