Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-10-03
CONDITIONS ARE IMPROVED
There Has Been a Moderate Change
For the Better.
Money Is Easier, Exports Larger ano
Buyings by Retailers Largely
Increased 80 Produce
Market Stronger.

New York, Sept. 26.-R. G. Dunn &
Co.'S Weekly Review Of Trade says to-
day.
A very moderate and yet distinct inn
provement Is seen, no longer in the buy
ing of materials, which continues and
stiffens prices, but also in orders for pro-
ducts OF some industries, in money mar
kets and in exports OF staples. 1t is as
yet little more han a step toward bet
ter things, but already has started some
important works and prompted a few
considerable contracts. Continuing ar
rivals of gold have raised the treasury
reserve above s125, 900, 900, strengthened
the banks and relaxed the stringency in
commercial loans, SO hat at about !
per cent lower rates more business was
done than In three previous weeks.
The movemnt OF crops continues large,
and purchases for export have advanced
prices or prevented a depression. While
the grain in working force is not great.
II seems clear that 70. the first time In
many months there is some net gain.
An important change is the general
advance in produce markets, especially
In wheat, which rose sharply on Thurs
day and Friday, closing 5b cents for
the week, with much buying, apparently
on foreign account. Reports of crops
abroad were supposed to be the chief
cause, as visible supplies In this country
increased largely, but for the first time
since July l western receipts fell below
those Of the same week last year.
Atlantic exports, -four included as
wheat, were for the week a little more
than a year ago, for September 2,000,-
600 more, and 81, SO7, 553 bushels since
July, against a., 12s, 30S last year. If
there should come an unusual foreign
demand IL would make a great differ
ence with future business.
Cotton advanced an eighth a week
ago, but lost three-sixteenths, and with
full receipts might have gon further,
but for the resumption Of work by sew
eral important mills. Speculative buy
ing of wool does not abate, sales for
four weeks having been %, S44, 400 pounds
against %, 1853, $40 last year, and 81 ,021.-
600 In 1892. but no gain in prices results.
The sales are largely for cash, and by
holders who ave maturing notes to
meet. A few of the wooden mills are re-
Stunning, the belated demand for heavy
goods constituting most of the gain Wis.,
ible, but manufacturers show confidence
that more goods VIII be wanted when
the future Is more clear.
Finished products Of iron meet more
inquiry and the placing Of contracts for
$1,000 ton of steel for three new battle
ships, for one large building and for
several bridges, explains the starting OF
two or three works, but with such
months as have passed a little business
Is a gain. ,
Exports of $4,000 tons Of rails this
year at prices far below those current
here, and %. 1000 tons pig to England at
1898 at Manchester, freight being at
least $3.15, indicate unloading a surplus
abroad to avoid weakening markets
here.
Failures for the week have been 315
in the United States, against PIG last
year, and 80 in Canada, against so last
year.