Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1888-09-29
STATE OF

Business during the last week 81 lar
ger volume In several departments anC
generally OF a character. 20 encourage hopefU
ahticipations OF 4 large and saiisfactoiy fal
ana winter trade. The cool weather gave N
impetus tdNthc iohbing trade in many direc
tens, anu the crop reports strengthened con.
idence IN the conditions for a gradaal and
heaIthful expansion Of business and!ndus-
tldal activity throughout the country. The
deanand for money to move the crops anl &c
meet the wants OF an expanding trade is IN
creasing and bank reserves falling Qd. but
the action and poles Of the Federal Treasury
department relieve apprehension OF a serious
arinscncy IN the money markets. TIE fail
utes during the last week throughout the
United states and Canada aggregated ia a
decrease Of ! from the total OF the preceding
week. The activity 81 the sugar trade cor
tinues. The production OF refined has been
promptly absorbed a31rn prices, and 10 10
' of a cent per pound advance has been es-
tablished on raw sugGs in consequence of the
small stocks and upward tendency of foreign
markets. The consumption OF sugar ia the
ln!ted States during the first half II this
year increased l6,G!s tons, or . 40 psr cent.
despite the advance Of / cent per pound in
eost during that period.
There has been less activity In the anthra
site coal trade a., natural sesucnas Ct the
enormous business Of previous weeks, but the
position of the trade Is stu very strong and
a satisfactory movement Is In progress. The
iron trade situation continues TO show AN i'm
proving tendencp. Business IL more active
In I'll markets.
A weaker feeling has characterized the
gram markets and prices ore 3 TO 81 cents
per bushel lower for wheat AMI : cents pc,
bushel lower t0n corn. The decline IN wheat
values Is due to speculative realjZat.ions and
short selling, encouraged by a more hopeful
Interpretation OF the crop news and the slow
progress Of the expected improvement IN the
foreign demand. The federal crop report
has been ~yariously construed as indicating a
yield Of $50, 0,0,0 O bushels to 40, 600, coo
bushels. The Cincinnati Prize Current est.
mates that the aggregate production Of spring
and winter wheat will got exceed l00, O00, Oav
measured bushels. The crop, however, will
be OF lighter weight than the crop OF last wear
and inferior in qualify IN many sections.
The weather in The United Kingdom has been
more favorable and late reports Indicate
slightly better results In securing the wheat
crop than had been anticipated. The export
demand for wheat has continued moderate
and several cargoes recently purchased by
French houses have been resold to American
markets. Continental requirements are no
less urgent than they were, but q discussion
OF the subject Of the repeal OF the grain tar
IFS In France and Portugal has induced buy
ers to delay the placing OF orders. These fea-
lures OF the situation, coupled with reports
Of increased shipments Of wheat from Russia,
sufficiently account for the partial reaction in
domestic wheat markets. The Splendid corn
crop outlook and large receipts AT western
centers explain the weakness in corn prices.
The export demand for corn is fairly active
and promises to be well sustained, owing to
the deficiency In feeding crops In Europe.
Prices OF hog products are slightly higher be
cause the distribution has been in excess Of
the current production Of western packing
centers.