Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-10-24
IS MORE FAVORABLE
Exports for September Largely Ex-
ceeded the Imports.
The Balance In Ous Favor $33,272,
$50, Pointing 90 a Remark
able Demand for Our
Grain Abroad.

New York, oct. 17.-R. G.. Bun n Cos
Weekly Review of Trade today says:
The one commercial change which
more than any other insures better
husin.ss I'm the near future Is the eN-
cess of merchandise exports over i'm
ports. In September exports were 1884,
Oys. 594 and imports only 500. 500 7O5' n
tho excess OF exports was sSl,aiAss9' IN
PAYMENT for which net imports or gold
were S34 249. 1888. Last year the excess
OF merchandise imports was Se''es'zo'
I'm September and net exports OF gold
SIG. 500, 55S. In the four principal Classes
exports increased 500, 641, l34. more than
half in cotton. In two weeks OF Octo-
her the axports from New York AVE IN
creased 800 per cent, against 31.Z IN
September. while imports nave ue-
creased "A per cent, against 30.Z IN sep
TENDER. Continued shipments or gold
from Europe, not including SA,OoO'ovo
from Australia, now amount TO S5s'2oo.-
900 since the movement began, OF whlch
$50. $50. 900 has already arrived and have
not been arrested by measures taken py
the great European banks,
The heavy movement OF grain ~ the
corner stone After an increase OF
So 1928. 675 in exports of breadstuns III
September there have been shipped the
past week from Atlantic ports alone
2,114.774 bushels, flour included. and
1908 45 in two weeks OF October,
against 3,510,271 bushels last year. An
important fact is that all aNaiiabie
grain freight has been engaged Tor
months ahead here and OH the Pacihc
coast. The minister OF agriculture In
India stated in council Thursday that
distress was expected in a large part or
India as the result of drought. but i'm
portations of wheat from California
would help TO prevent actual Famine. A
high official of Russia now in this coun-
try afirms accounts OF shortness IN the
Russian yield. Thus m that Eu-
rope win fall 100, 900, 900 bushels short OF
last year i'm the supply of wheat is
strongly supported, and while depart
ment estimates of yield in this country
are not credited, there Is every reason
TO expect a remarkable foreign demand.
Western receipts fall "A little below last
years. and for two weeks have been
14,235. Ol6 bushels. against 1904, 4S3 last
year. Wheat has advanced Az cents
for tbs week and corn . cents.
Confidence as to the future makes
trouble i'm some industries, because
speculation i'm materials raises prices
so that demand for finished products is
checked. Boot and shoe manufacture
srs get very narrow orders at old prices,
or at an advance less than one per cent
for the week and less than Q per cent
from the lowest point. Similar d.fncul-
ties threaten in the iron manufacture,
for pig is higher, bessemer at Sll.bO and
grey forge at 1915 at Pittsburg, while
plates and beams are weaker.
Wool is stronger with continued spec
ulative buying and sales at eastern
markets have been IA, 1876, 300 pounds for
two weeks, against u, 209, 100 last year,
but consigned wool has been mostly
withdrawn until after the election. No
gain is at present possible in goods,
and though the number OF mills start
ing for the week is. fifteen against seven
stopping, much Of the work lone is in
anticipation of a better demand than
now exists. The cotton manufacture
has also started more spindles, but the
demand for goods scarcely increases,
and print cloths sell at 2.56 cents. The
manufacture of minor metals also
drags, though the domestic demand for
copper is moderate at 1915 cents for
lake. Lead Is a share weaker at 2.75.
and tinmakers are underselling foreign
10 to 20 cents per box. ,
Failures for the week have been 1928
in the United States, against 26S last
year. and 40 in Canada, against 46 last
wear.