Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1894-02-24
THE REVIEW Of The WEEK
Lowest Price for Wheat in Sew.
enty-Seven Years.
Receipts of Corn Large-Prices Fluctuates
but Little-Cottons at the Lowest
Prices Ever Made-Talk
of Closing Mills.

New YORK. Feb. 17.--R. CT. Dun q
Co.'S weekly review OF trade says:
This has been week of record break
ing in wheat, in silver, in some forms o
iron and steel, in Connollsville cotton
and in well known cotton and woolei
goods the lowest prices known have beer
made, and it is gratifying that disaste
has not resulted. While no actiol
affecting business prospects was taken a
Washington, the continued discussion
revenue and monetary measures and til
uncertainty regarding them have a con
stant unfavorable influence and indiffer
ent markets have caused sudden huctua
tions III prices. Wheat at 69sS cents i
not only lower by Az cents than it wa
for single day last year, but lower b,
1914 cents than it had ever been in thi
previous II years. A visible supply OF
over 79,000,000 bushels Feb. 10, with
sales and receipts from farms continuing
large, has completely destroyed faith il
the official reports Of the yield last yeaI
and caused enormous liquidation.
Receipts of Com Were Large.
Corn and other. products fluctuated bui
little, though receipts of corn were large
Cotton declined an l-S with increasing
distrust of short crop estimates. The
slight recovery in prices Of iron products
has not been maintained. Bessemer pig
has declined at Pittsburg 10 SlD6j and
grey forge to $9.65 and steel billets are
sold below $l6 there, while at Philade!
phia most rolling products are lowe,
than ever The decline is the most not,
worthy because an increase in the de.
mand is reported both III eastern ant
western markets, especially in structural
at west and here, where several larg,
buildings are projected. Connellsvil'
coke sells at S5 cents, the lowest pric
ever made. Heavy reductions in th,
price of lake ore is reported with larg,
contracts at 1915. Cleveland delivery
Industries at a Standstiil.
Shipments of boots and shoes from tn,
east are 10 per cent less than year age
with cheaper grades predominating in
orders and manufactures and not many
factories fully employed. Textile in
uIiSllitb w IOl EttiIl W nave RdllltG
within the past week for as many work:
have closed as have resumed work, and
in wool and cotton manufacturers more.
There has been a sharp break in print
cloths to ga cents. Some of the best
known cottons have been put at the
lowest prices ever made and there il
more talk of general closing of mills
The demand for woolen goods does no
improve and sales of wool decreased
sharply after the brisk activity TIVE
weeks age, being only 4,114,591 pounds
for the week. Though some grades ar,
scarce and prices relatively higher wesi
than here, the markets do not advance
Exports of merchandise We're abou
S50O,0O0 more for the week than last
year and for six weeks the increase ha,
been only So, 10O,0 600. or Z per cent, bu'
imports last week We're little more than
half as large as last year, and for thu
year thus far the decrease is about 43 pei
cent.
Failures for the week have been 323 il
the United States, against 107 last year
and 80 in Canada, against 36 last year
Though several were Of some magnitude
the aggregate of liabilities was appar
eitly below the weekly average for Jan
uary. For the week ending Feb. th,
liabilities thus far reported were onl,
s407o,657. With nearly complete re
turns for January the aggregate of liza
bilities in 1850 failures is $3o.9i6, 497, O
which 81 | 1881 ,305 was of mauufacturin,
and SIS, 1913, ,4l6 of trading concerns.