The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-09-10
CON F1DENcE IN THE FUTURE.
1t Is Strong and Increasing, and
Nothing Appears to Check It,

4
Nothing Appears to Check 1t.
r. G. Dun & Co., in their weekly re-
view of trade say: Not for several years
have the telegraphic reports from various
cities in all parts of the country been as
encouraging or shown as uniform i'm
provement as this week. The markets
are called crazy by some but fairly rep
resent the people whose confidence in the
future is strong and increasing. Nothing
appears to check it. Rumors of injury to
crops are not sufficiently supported to
have much influence. The one temporary
hindrance is the strike of bituminous coal
miners, which interferes as yet little with
industries, and seems likely to terminate
within a week. The demand for money
improves, taking from New York to the
interior about half million more than
was received during the week, and offer
ings Of commercial loans are much larger,
including considerable iron and steel pa
per, and the course of foreign exchange is
generally interpreted as an indication that
specie imports cannot be long delayed
The greatest gain has been for agricul-
ture. Corn has advanced little in price,
but is moving very largely, so that the
last years surplus may soon be marketed,
unless the new crop turns out better than
many now expect. Cotton declined an
eighth because Of an estimate promising
the largest crop ever grown, but the goods
market is decidedly improving, and some
of the large mills, after few weeks Of
suspension, have resumed work. Other
farm products are doing we'll also, but
wheat has advanced about 11sc for the
week on actual transactions, with heavy
purchases for export. The official esti-
mate of yield is entirely disregarded, ex-
cept as an admission that the crop will
be larger than that of last year, and it is
commonly assumed that the yield will be
55OO00,OOO bushels or more, though re-
cent reports of injury indicating the possi-
bility of somewhat smaller outcome
have helped the advance in prices. West
ern receipts for the week were 3,S44, ,554
bushels, against 3,974,775 last year, and
for three weeks 11,34O,267 bushels,
against 1861, ,137 bushels last year, while
Atlantic exports are about double last
years-3, ,7O5,2 ,2S7 bushels, against 1,SOS,-
347 bushels last year, and for three weeks
9,S19,31S bushels, against $, 1O2, ,661 BUSH
els last year, -four included for both years.
1t is we'll to notice that corn exports con-
tinue more than double last years also, in
three weeks S,516, ,544 bushels, against f.
1924 last year.
The iron and steel industry is pushing
forward in spite of the still unsettled
| strike of bituminous coal miners, and the
enormous purchases of ore at Cleveland,
and also of billets at Pittsburg, show the
utmost confidence in the future. Many
| additional establishments have begun
work during the past week, and while no
material change in prices has occurred,
| the reports indicate fewer concessions to
secure business and IA much steadier tone
| The demand for finished products has de-
cidedly improved especially in plates,
sheets and bars, and in railway supplies,
| particularly in car axles. The sales of
ore at Cleveland have amounted in two
weeks to 100000 or 100000 tons. :