Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-05-01
MARKETS HAVE Been
EXCEEDINGLY NERVOUS
European Situation Clouded In I'm
certainty Has Made Them
Very Irregular.
POSSIBILITY OF A GREAT WAR
Has Been the Cause OF the Excite.
ment In Gain and Stocks-.S Six
Cent Grain i'm Wheat
Mostly Retained.

New York, April pr. c.. Dun G.
Co.'S Weekly Review of Trade ays to-
day:
If either Turkey or Greece has been
wholly buried in the sea, the markets
might have been affected less thar by
the outbreak of war in Europe. Like
wild fire in a crowded city, ii raised the
question If a general confiagration may
spring out of it. To his possibility, n
not to my direct influence OF either
Turkey or Greece upon the worlds
money or produce markets. was due the
excitement in grain and stocks. AS the
unknown is magnified, American mar
kets were much more Eighty thai Eu-
ropeans. where the possibilities have
been discussed and partly discounted
for months. But the uncertainty re-
mains, and will affect movements OF
money and staples until it disappears.
creating a larger demand for American
products at higher prices, causing hasty
speculative selling Of securities at
times, but also more continuous buy
ing by foreign investors, and not inn
probably influence the attitude of for
eign powers on questions important to
this country.
Wheat rose 6 cents from Thursday to
Monday and has retained most OF the
rise. Since Russia and the Danubian
states will be likely to ship wheat
scantily, and especial needs and much
higher prices being possible there. a
large share of the requirements
Of western Europe may naturally be
drawn from this country, and the
chance Of war between the great pow
ers has the more influence, because
supplies there are not large. While
western receipts do not yet increase,
and in three weeks LAY been but 5,641,-
00l bushels against 1898, 1879 last year.
Atlantic exports begin to gain slightly,
amounting to /, 1870, 239 bushels, -four in
Guided, against LOSS, 764 last year and
for three weeks have beer 1885, 10
bushels against 3,434, 459 last year. In
spite Of the great increase in corn eX-
ports the price has scarcely advanced
although Atlantic shipments were A.
lS9, LAG bushels for the week and for
three weeks 10, POI, ISL bushels, against
1924, 1872 last year. Already the exports
for the crop year nave been $4,000, 600
bushels larger than Atlantic exports
Of wheat and flour, and may o o exceed
the total export of wheat and iour from
both coast.
Cotton has been affected scarcely at
all despite government estimates that
the flood districts yielded nearly SOC, 900
bales, for increased acreage is other sec
tons is generally reported.
The past week, like others Of late,
has witnessed the starting of operations
by several iron works, especially IN
black sheets for timing, and yet prices
Of pig iron and unfinished products are
lower, the demand not yet equaling the
supply. Bessemer pig has sold as low
as 1905 at Pittsburg. Steel billets fell
to SLABS at Pittsburg and angles to /
cent, but wire o d cannot be supplied
fast enough at S21.7 rs. Nails are strong.
and a few more structural orders are
pending. Eastern works also have or
ders for 5000 tons OF steel rails. Com
plant and proof that the demand for
products is deficient blinds many to
the fact that the actual work in prog
Iess, largely on the heavy orders for
beams, billets and sheet bars, taken
when the pools broke up. is of greater
volume than for a long time. Lorge
sales Of copper are reported at l1h
cents, with a production OF 1888 tons
In March. The end OF the stipulated
curtailment has been reached by some
cotton mills, and nearly by all, and
since the auction sales some bleached
goods nave been slightly advanced, but
actual buying does not increase, and
print cloths do not improve. For the
three chief cities sales Of o were
4 1896, 500 pounds in three weeks, 20,271,-
300 being foreign, against 5000, 100 in
1892, including 1874, 900 foreign. But
manufacturers are doing scarcely any,
thing and orders for goods improve very
little though for somewhat better
grades of goods.
Failures for the week nave been 21S
In the United States, against 23S last
year and q in Canada, against A last
year.