The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-04-25
4 SPECULATIVE ERA.
THAT 10 THE TONE OF THE MARKET
ACCORDING 10 DUN.
Building Operations Seriously Inter
fered with by Numerous Btrikss-Othsr
News, Financial and General.


Buildfng Operations Seriously Inter-
fersd with BY Numerous strikss-Othsr
News, Financial and General.
R. G. Dun 4. Co.'S weekly review Of
trade says:
A season of extraordinary speculation
has st in. Grain, pork products, cotton,
oil aud sugar bave advanced, the latter in
spite Of the proposal to remove the entire
duty, and spruce lumber also. in spite Of
the rapidly increasing interruption of
building by eight hour strikes. The gen.
eral average Of prices for commodities has
advanced of 1 per cent. in q week and IL
per cent. in three weeks. Stocks have also
been stronger. the reports Of trade which
are Influenced rather by prices at which
goods are sold than by the volume of
business transacted are uniformly more
cheerful.
At the game time there is a continued
evidences of an actual increase over last
year in the volume Of business transacted.
Wheat was started upward by reports Of
injury in winter wheat states. At New
York the sales have been 124, 900, 600 bush-
els, probably the largest weeks transaction
on record. Corn has advanced ain SYM
patty" 81 cents and oats Il cents. Oil has
advanced Al cents without known occa-
sion. Pork has risen So per barrel.
There is not q corresponding improve
ment in the industrial condition. Wool
has been frmer at Boston, without any
change in price, and very dull and inactive
at New York and Philadelphia. In the
dry goods no improvement is seen. Cot
ton manufacture does not thrive the bet
ter for the advance in the material, with
goods unchanged in price and print cloths
only 3.3 cents for Ga 8.
The boot and shoe industry is clearly
thriving and leather and hides are both a
shade frmer and in more active demand.
The eight-hour strikers in many cities have
already arrested all building operations
and are expected to extend so that the mar
ket for glass IS already affected unfavora-
bly,, and also the demand for structural
iron. In steel rails large orders are pend
ing, and it is thought they can be placed at
1913. Bar iron is dull and impressed.
Substantially all the reports from other
cities give az encouraging record of the
state of business. At Boston improve
ment continues. The retail dry goods
trade is large and causes a better jobbing
trade and domestic hides are higher.
At Philadelphia there is especial activity
in drugs and chemicals and the past week
was the best for a long tiMe in groceries.
Chicago reports the usual great increase
in the movement of grain and dressed beef,
lake shipments of grain being double those
of last year and dry goods sales fully equal
to last years, while clothing falls behind,
but is fairly satisfactory. Collections
there are generally good.
st. Louis also notes improvement,
fairly prompt collections and expectations
of a good spring trade.
At nearly all other western points similar
favorable reports are made aud St. Paul
notes that recent rains help farmers and
seedlings going on rapidly. It is especially
noteworthy that there is no serious none
tary pressure anywhere. Money is quiet
and easy at Boston, easier at Philadelphia
and steady with plentiful! supplies at Obi
cago, st. Louis, Milwaukee and Omaha,
Cleveland and Detroit only reporting some
c%loseness.
Exports of products in march appear to
have increased 8 per cent over last year
and probably exceeded imports by SIS, 000,-
900, but thus far in April exports have
fallen about 10 per cent below last years at
New York, while imports show an increase
of 12l per cent. The business failures &C
curing throughout the country during the
past seven days number PA as compared
with 2O9 last week. Forthe corresponding
week of last year the figures were 246.