The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1894-08-14
PRICES GO UP.
Better Feeling In Business Circles increase
value Of Commodities.

Better Feeling In Business Circles increases /
value Of Commodities.
NEW YoRK, Ang. 1.-The move
ments of the market for the week just
ending undoubtedly indicate an i'm
provement in the situation. For some
time past it has been fiuctuating alter |
nately under the influence of hope and
fear; bat now it's undertone is gradually
broadening and strengthening, and
there ID marked tendency to discount
generally clarified financial atmos-
phere. It looks as though we have seen
the worst of everything and that the
pendulum il at last going to swing the
other way. Outside of the ell important
tariff question the corn crop has again
been the greatest factor in the market
for the past few days. The bears"
have been actively engaged in pounding
the grangers, basing their action On the
prospect ok reduced dividends on these
securities 90 result Of the prospective
corn shortage. Their efforts to bring
Out long stock, however, have not been
particularly successful, and they find it
difficult to cover their contracts
wishouE bidding Up the Market.
The damage is almost exclusively con-
fined 10 three states--Iowa, Nebraska
and Kansas and i'm those states it al-
most proximates calamity, and is prob
ably not exaggerated, but In the other
states the crop win be q fair average TO
q large one, owing TO the increased
acreage due to the low price of wheat
last year and the comparatively good
price of corn. The crop In those states
| win largely Offset the shortage caused
by drouth- probably more than now ex-
pected. The estimated yield Is at pres
emit only matter of private estimates,
which vary all the way from |, ,400, ,O00,-
600 10 600, ,O0O, 900 bushels, with the
chances from all the data received that
the latter win be about what this years
crop OF corn viii amount to. There il
% growing demand for the low priced
non dividend stocks and the cheaT
bonds. The feeling is that q greai
many of these securities have been in
such disfavor for q long time past that
they have been unduly depressed, and
that when an
Improvement Becomes General
securities Of this class are going to re
/ spond quickly. Gold shipments have
| practically ceased to be factor in the
market, rs only small amounts Of thu
precious metal have been shipped dur
ing the week and the ease I'm exchang,
does not indicate o renewal of ship
ments In the near future. Washington
advices regarding the tariff continu,
very conflicting and tend toward keep
ing stocks feverish, and while there i
80 much uncertainty among our legis
lators the same feeling must natural,
exist In Wall street circles. The feel
ing that some definite decision one wa,
, or the other win soon be arrived at i
gaining ground, however, and this feel
ing Ii doing good deal towards hasten
ing the return of confidence. Tn
stock OF manufactured goods i'm th
| United States is lower than 1t has beel
for great many years and there vii
soon be actual necessity for at least
! partial resumption Of business on th
part Of manufacturers. a speedy SET
tlement Of the tariff debate viii Civ
] them basis on which 10 start In, an
! | that lis all that ID needed.