Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-02-13

Changes In Business Circles Not
Important.
Money Market II Favorable, There
Has Been Large sales or
American Securities
70 Foreigners.

New York, Feb. 6.--R. G. Dun e. Co.'S
Weekly Review of Trade says today:
No important change in business APP
pears, but the number Of manufacture
ing establishments starting much ex-
ceeds the number OF those stopping dur
ing the week, so much that the curtaif-
ment of working time In many cotton
mills probably does not lessen the az
Sregate productive force or amount OF
wag paid. There Is distinct Increase
in orders FOR WOODEN goods. some gain in
the silk manufacture, a gain In one
branch OF boots and shoes and indlca-
lions OF better things coming In The iron
and steel manufacture. All symptoms
are favorable in the money market ana
a large sale Of securities In connection
with the Northern Pacific and oregon
Navigation interests to European pur-
chasers will put of still farther the pos
sibility OF gold exports. Ii Is also cheer
ing evidence Of confidence among
European investors.
To many IL is the most p~erplexing
feature Of current events that wheat
does not rise much, though ii has ad-
vanced ia cents for the week. Atlantic
exports have been only ] 1896, 046 bushels,
-four included. against 1855, ass bushels
for the same week last year, while west
ern receipts have been only 1,46S. ITO
bushels, against $780, 07 bushels last
year. The condition OF the market is
o explained by any special confirma-
ton, but current prices show that no
great confidence is felt In the estimates
of supplies available for h rest of h
year.
Cotton fell to IN cents after the agree
ment to close Fall River and other print
cloth works became known, but recov-
cred the quota ton Of a week ago, at 7.3l
cents, Without further news. Spinners'
tskings ave been so small this year
those Of the northern mills about 40O, 900
pounds less than in 1SS4-S5-that the ad-
mitted of demand for goods
has at present considerable weight.
Sales OF wool have been smaller tina
in other recent weeks n yet are far in
excess OF the consumption OF all mills
for a week, If all were fully employed.
There has been only a slight stiffening
In prices, but more foreign wool will be
taken and stored, II is believed, II west
ern holders continue TO demand higher
prices. More important than these indi-
cations Is = little better demand for
heavy weight goods, which has led some
OF the smaller mills to buy wool more
freely and thu enable a number TO
start operations.
Prices OF Bessemer pig and grey forge
at Pittsburg have slightly advanced,
with a much more hopeful feeling, not
withstanding the comparative narrow
paSv nP tho aasaanA fnt. GpiahAh nrnd.
ucts, and in plates and wire nails there
is much more business, with good pros
poets. Billets are quoted at $15.25, with
scarcely any demand at present, and
rods at sci, while No. q blank sheets
are quoted at only 2 cents. Reports that
$4,000 tons OF steel plate and sheet bars
have been exported to England are only
indications OF the temporary excess OF
supply over demand in this country
and are not supposed to have realized
any profits, yet ii Is stated that prices
OF cast pipe are from 81 10 So per ton
lower at New York han at Scotch
works. Bars are quoted at the lowest
price ever known at Philadelphia, with
out much Improvement in the demand,
and steel rails are still inactive n UNI
changed in price, h railroads waiting
for a decline corresponding to the fall
In billets. But on the whole the demand
for iron and steel products is slowly
gaining and a considerable proportion
OF the works is fully employed, though
the gain is not yet enough for those who
have taken a large stock Of material or
products on speculation.
Failures for the week nave been 81 in
the United States, against 1923 last year,
and 63 in Canada, against 81 last year..