The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-09-10
FARMERS ARE GLAD.
PRICES FOR THEIR PRODUCTS
THE BEST IN YEARS.
Large Transactions in Staples, with
Prices Favorable-More Wheat Ex-
ported in One Week than Any Sim.
liar Period Since the Year 1903.
Prosperity for Asriculturists.


A recent Bradstreet's report says:
Especial kilograms from trade centers
throughout the country emphasize the
growing prosperity of the farmer, due to
higher prices for almost all agricultural
produce still in his hands, and point to a
continuation of the demand, which has
been conspicuous within the past few
weeks. The volume of trade continues to
increase, and prices are hardening. No
such volume of business, largely in anti
cipation of requirements, has been report
ed since 1892. Larger transactions have
been in dry goods, clothing and shoes, and
South and West in wagons and farm i'm
plements.
Another very favorable bank clcarings
report is found in the total, 81, 100000, 900
this week, which, while it is l per cent
less than last week, is 40 per cent larger
than in the third week of August, 1896;
26 per cent heavier than in 1895; 40 per
cent larger than in 1894, and fully So per
cent larger than in the like week of 1893,
when clearings totals were reduced to
very low figures. Compared with the like
period in 1892, year of large volume Of
business, this weeks totals show a gain
of Ii per cent. Among S6 of the cities re-
porting larger bank clearings, only II
show decreases this week compared with
the corresponding period last year. Bank
clearings at other cities than New York
are II per cent larger this week than in
the like week year ago, but at New
York the increase is 56 per cent
Prices for staples continue the favora-
BILE movement of the past few weeks, with
advances for wheat flour, wheat, new
pork, butter eggs, cheese, corn and oats.
Hides are also tirmer and higher. Cling
hams have advanced Ac, while the cotton
mills are starting up, and jobbers in
woolen goods are getting higher prices
for spring delivery. There have been q
large number of assumptions among iron
and steel concerns this week; Bessemer
pig is % cents higher and the outlook is
for improvement. Sugar, cotton, print
cloths, wool and petroleum are firm and
unchanged, while coffee, almost alone
among the staples, is lower than last
week.
Exports of wheat flour included as
wheat from both coasts of the United
States and Montreal this week are the
largest in any week since September,
1898, amounting to 5,21SOOO bushels this
week, as compared with 4,46O,OO0 bushels
last week. 1891, 900 bushels in the week
year ago, 2,3S9,OO bushels two years
ago, 3,1S2,0OO bushels three years ago,
and as contrasted with 100000 bushels
in the corresponding week of 1898. Ex-
ports Of Indian corn this week are also
exceptionally heavy, the largest since the
third week in April this year, amounting
to 3.929,035 bushels, as compared with
3,275,O0O bushels last week, 2,769,O0O
bushels in the week year ago, 1,195,OOO
bushels two years ago, 100000 bushels
three years ago, and as contrasted with
$50, 900 bushels in the like week of 1893.
'"Ihere are 221 business failures report
ed throughout the United States this
week, against 214 last week, 264 year
ago, 1872 two years ago, 251 three years
ago, and as contrasted with 456 in the
third week of August 1893"