Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1888-04-07
STATE OF

Stocks have declined about 20 cruts per
share. wheat is [ cent lover and oats n cents
lower, lard and cotton an eighth lower, sugar
q sixteenth and oil J,cent~, while coffee and
tin have each gained half "A cent. 1t is felt
that the future turns largely upon the money
market, which has been very easy. But the
steady loss II reserves 10y the banks, If con
tinued at this season, may al any time bring
Il sudden change. Up to March /, in spite Of
! sales OF stocks on foreign account, there Is
evidence that foreign capital continued to
come hither, probably on account Of bonds
negotiated late last year or early II January.
The returns OF foreign for Febru-
AIRY show imports exceeding exports OF mer-
chandise by SO, 1872, 9S2, making the excess
for two months $3.50 16. while the net ex-
ports Of gold were Sssl 100 aud Of silver 81
9S9, 49,. Considering half yearly interest and
dividends due abtoad, and under valuations
OF imports certainly more than 81, 00O, 900 of
foreign capital must have come hithcr. But
exports since last March fall 2lb per cent
below last years, and imports are Q per cent
above last years, the large movement Of cot
ton and other products seems 20 have passed,
and meanwhile the market indicates sales Of
securities on foreign account. The reports
from the interior are generally quite favor
able. At southern points the activity and
early opening 81 spring trade inspire hopeful
anticipations, though thu margin for profits is
very narrow. Comparative inactivity is the
rule at northern points, though here aud AZ
Boston there Is some pressure since the storm
to make up delayed orders, and at Chicago
aud Omaha increasing trade is noted. Col
l|cDtions are noticeabiy slow AT Cleveland and
not entirely satisfactory AT Kansas City, but
generally fair. Detroit and Cleveland are the
only points whore clOseness in the money
market i, reported, though Boston begins to
draw from New York, and some applications
Tor discount come from st Louis, where rates
are 8 TO 5 per cent. The iron trade ia helped
10y the decrease in imports, which fell to o.
6i3 tons for January against 81 ~ last year,
and for February British shipments 10 this
country We're only -, 4G6 tons agains, llS,4O3
last year. Constant offers of southern and
western products, at prices a little below east
err quotations, continues to deprcss prices.
No ! pig IS quoted AT $50 To S2l. grey forge. II
III; best refined bar is sold by some gt, 80.
but by others ut SIS, and steel rails arca 1otcd
a. 81, orders up 10 March | having been only
5G3, G!9 tons. The ASSERTION Of mOtcy by the
treasury continues To depletc ba.k reserves,
and the prospect OF any c&flJ attion 10y con
gress does not increase. efte senate commit
tee will report favorah$S ;he bonl purchase
bill, but also ~favorsA bll for refunding, so
that difference oeoplnion on this matter, as
In regard 10 IKE matter may delay action.
The disturb since Of business by western rail
road STRIFE has nearly ceased and there are
new gTl1rts that quaJrcls about rates are TO
he adjusted, but the interference OF the infer
staie law with export rates through the var
ious eastern ports is likely to cause difficulty.
Business failures during the last seven DAYS
number for the United States 2l2, Canada 81,
rotal 2i3, as compared with 259 for the cor
responding week last year.