Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-03-06
TRADE PROGRESSES SLOWLY
Just a Perceptible Gain In Leading
Industries.
Many Who Have Long Been unem'
ployed Put TO Work the Past
Month---Rail Poo Break
of Great Benefit.
New York. Feb. Pr. G. Dun & Co.'S

New York. Feb. 27.-R. q. Dun d co. >
Weekly Review of Trade says today:
Genuine Improvement in business
does not come with a rush, Ike the
breaking of a great dam. The CROWN
for some weeks past has been more
encouraging. because in nearly all
lines it has been gradual and moderate.
The rupture of the steel rail and other
combinations in the iron business mas
brought out a vast quantity or trade
which has been held back n mas set
many thousand men at work, while the
slow but steady gain in other great IN
dustries has given employment to many
thousands more, bur the fun effects VIII
not appear until increased purchases
by all these swell the distribution OF
goods. Meanwhile it is substantial
ground for confidence that months
which were regarded by many in the
money market with serious appfeheh-
sions have passed without disturbance
and with steady gain in the position OF
the country and Of the treasury.
The breaking of bonds which nave
restricted many branches OF the iron
industry has been followed by an enor-
nous increase in demand and in orders
booked and by the starting OF many
works. Nothing Is yet settled about
the price OF lake ore for the coming sea-
son, but some expect for Mesaba the
price of 1895, while others expect a low
or price. The rapid increase in ok
output in the Conpellsville region,
which is now over 100, 600 tons, gives
prospect of moderate cost for fuel, and
the addition of important furnace 10
the producing capacity prevents q large
rise in Bessemer pig, which has neVer'
theless advanced 10 cents at Plttsbur9
with increasing demand.
Purchases Of rails, estimated at 1,O0O,'
900 tons within two weeks. whereas th5
production last year was 1~,lO2,S92 tons
and the sales said TO be only s0O,OOO, int
sure employment for the works tat
ahead, and eastern works are taking de-
sirable contracts at SIS per ton. Bars
are unchanged, but orders for 800 cars
by one railway, with numerous others,
increase the demand and plates are re
quired for two great elevators AT chi
cago. Important contracts for export
continue and American makers under
sell foreigners in tin plate by 40 cents
and are selling cotton ties below 20 cent?
for which $1.1O was charged by import
FRS a year ago.
Win less IdplulbS, Jul Stb SNN"Hhs,
other industries are gaining. Although
Drown -four yard sheetings are an eighth
lower, and print cloths a sixteenth low
er, It is said that several cotton mills
have started not covered by the %restric-
lions as to print cloth works, which IS
carried out. Increasing demand has
also started quite a number OF WOODEN
mills. including many making dress
-. ,,l hl.fapNr MIA demand for
mems woolens Is also somewhat better,
especially for heavy weights, and there
are improving sales OF better qualities.
Sales Of wool have been 80, 1877, 200 pounds
I'm four weeks, against %, $3.50, 800 in the
largest previous year, 1892, and the
great establishments are believed to
nave supplied their possible wants for
some months ahead, a single purchase OF
1,SOO, 900 pounds, South American cross
bred being the most important noted
this week.
Wheat enjoyed a brief rise, then
dropped over 3 cents and closed rs cents
lower for the week. While western re-
ceipts are 40 per cent smaller han LAST
year for the past four weeks Atlantic
exports flour included have been
$40, AIS bushels, against 7,043,577 last
year, and the exports of corn have been
S,435,5 5 bushels, against 4,195,2 1882 last
year. The increase in corn more than
makes up in foreign consumption for the
decrease in wheat.
Cotton rose 3-16 cent, though without
material change in movement. Better
reports Of manufacturing in England
and the starting OF some mills here give
hope of better demand.
Failures for the week have been 296
I'm the United States. against 27S last
year, and 80 in Canada, against 90 last
year.