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

This IS usually the dull season in business.
Out one or the commercial agencies reported
mat While the extreme heat OF the past week
has teuded to cneck trade VI Phiicdelphia,
Cleveland and a few smaller citief, the gen
eral situation remains good and in some IN
stances is improved, notably At Omaha, Kan
cas- City and st. Joseph. Another commercial
agency says that = vol me Of business still
continues which would have been called large
a few years ago, but falls more than 10 per
cent. below that OF last year. 1t adds that the
iatest reports OF exchange show \ decrease Of
II per cent. in the aggregate, IN con parison
win last year, and "a q, crease Of per cent.
outside Of New York, with twenty-three out If
thirty-eight cities reporting u shrinkage. This
Is certainly not encouraging, but il IL be-
leved that al the leading business centers In
the west trade is fair for the season, and the
decreased bank cieArings are probably largely
the result OF the decline I'm speculation. I'm
certairties concerning the tarid have helped
In some cases TO restrict trade In some lines,
but as a rule sales have been just as large AS
they would have been If the tariff question
had not been introduced into congress.
The published reports OF gross earnings for
May OF lO7 rail Dads show an increase Of SIS
per cent. over the total for May, 1857, and OF
% per cent. and % per cent, respectively,
over May, 1856 and 1885 The net earnings
are generally smaller than a year ago, how-
ever, and there is no good reason for the last
advance In stocks other than the plentifulness
OF money. At New York money Ia easy, cali
loans being quoted at l@lh per cent.
Reports TO Brsdstreet's OF business failures
number Ia in the United States, against 212
the previous week, and al last year. The
total for the United States from January to
date Is 5,04S, against 1926 in 1857.
The rains and the warm weather have Inn
proved the crop prospects for wheat, corn, su-
gar and rice, In the region tributary to Kan
sas City and in California. wseat harvesting
has begun. BreadstufYs and lard have sold at
lower pri es, but hogs have averaged about
steady, with greatly reduced receipts. Coffee
is cheaper, as the new Rio crop is "A oountiful
one, but sugar is steady, the trust being In
control. Generally speaking, the tendency OF
the times is toward lower prices for most artI-
cles In common use, but this is checked in a
''N''N' ~ 'HN ~ N'' 'hhh law 'tNh SSeh
lied from time to time.
During the past two weeks July wheat has
suffered nh even Z cents break. II is expected
that the next visible supply report viii show
Il decrease OF not less than Loco 90 bushels.
New wheat is being received In IT. Louis and
Baltimore, but in small quantities. a revival
is springing mp In the -four trade aud wi hin
the past ten days, or less time than that,
freight contracts save been made for the ship
meut Of l,3 0 ears of -four from Minneapolis
for direct export account, and negotiations
are pending for large amounts additional.
No. 2 spring wheat sold in store at 1Sl4e,
and No. ? red winter in store WA, quiet, being
nominally s $685. 4c.
Corn, oats, rye and barley have not attract
ed Il great deal ~ attention during the past
week and prices have remained about nomi-
nally the same.
Provisions closed the week In a compare
lively strong condition.