Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1888-09-15

a better feeling In business c%lrcles. A marke'
Improvement IN general trade may be con
fdently expected during the present month
The failures during the last week throughout
N, rnlt.i states and Canada aggregated
-. f, j4crcase Of II over the total OF the
Ir,cr'pG week.
The August cotton deal In New York wound
up at an advance Of 80 points over prices cur
rent week ago, and 20 points below the
highest figures previously recorded. Now that
u market has been relieved OF the disturb
ing effect OF the corner 1t is probable that
legitimate business will become more active.
Stocks are light in all Europen markets, ami
a good export demand for the new United
States crop is seemingly assured. The
weather in most sections has continued tav-
orable for the maturing and picking OF the
crop. The wool trade has shown less general
activity partly in consequence OF . depletion
OF stocks at eastern c~entcrs, but largely be.
cause the advance in cost In the west has
necessltatcd a corresponding increase In prices
on the new woods that have been brought
forward during the last fortnight, and manu-
facturcrs are reluctant to continue active
operations on a rising market. The dry goods
jobbing trade shows increased activity, and
the commission houses are getting more
orders for eassortmente Demand for wooden
goods has improved, and some additional
machinery has been started in several mills
in New England. The activity OF the an
thracite coal trade continues In spite OF the
advance In prices and carrying charges. AID
improving condition OF trade is noted in the
iron and steel markets. Western demand
for nearly all classes Of products has in
creased, and gives promise Of enlargement
and the eastern iron trade is better than 1t
was, although there Is no decided activity.
steel rails continue quiet, but all other lines
c: railway material are meeting with A more
active demand.
1t has been computed by some other author
tiles tina. importing countries will require
during the coming year about 3i0,OO0,0O6
bushels Of wheat, and that the countries hay
ing al exportable surplus will be able to con
venieatiy spare 2s5, 100000 bushels, leaving a
deficit of IS, 900, 900 bushels to be drawn from
reserve NltrhSO Ut tlNflltl from Usual lhlHtIs
Of consumption by the Involvement Of higher
prices In the countries having the most urgent
need Of the grain. The Cincinnati Price
Current estimates tie deficiency H. the worlds
crop at 104, 600 900 busLels. The English crop
yield is likely to be the smallest Of the pres
ent century, and the United Kingdom VIII be
obliged 10 import something Ike 10,000,0 eco
bushels to make good the det2ieucy. The
weak point IN al calculations % available
supplies during the cropyear IL Russia. whose
cXportable surplus in the absence % reliable
statistics ear only be guessed at. The con
c.ntration Of the carrying fleets at Black Sea
ports and the increase in the quantity Of
grain on passage 10 the United Kingdom
and the continent are evidences that Russia
is supplying and is expected to supply "a
large share OF the requirements Of Western
Europe.
The export movement frop American ports
Is increasing, hut 1t is st!ll largely below the
aggregate shipments for the corresponding
period last. Everything points to the main
tie. ance Of comparatively high prices in the
worlds markets during the balance Of the
cereal year. But prices in home markets are
already about 20 cents per bushel higher than
they were last year, and the advance in ocean
freight rates has been equal 10 a future rise
in cost to foreign buyers Of toto cents per
bushel and conservative traders are beginning
to question If the advance has not been
pushed far enough pending a more substan-
tial Improvement in the volume OF the export
trade.