Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-01-30
IS NOW INCREASING
Volume of Business Better But
Prices are Stationary.
Money Conditions are Favorable..'
All Apprehensions of Finan.
cial Disturbances Have
Passed Away.

New York, Jan. 23.-R. G. Dun G.
COS Weekly Review OF Trade says to-
lay:
There is more business, though not at
better prices. IL Is interesting that al
most all prices which change at all are
over than a week ago, and yet busi-
aess is unquestionably larger. There
3 larger production. but at yet not as
much increase in consumption, n
there Is larger buying OF materials, but
At present only because better prices
are expected in the future. A few con-
,picuous failures during the week have
had no material influence. The market
for securities is slightly stronger, and
yet there is very little doing. The num-
Der OF hands employed. all industries
considered, is slightly larger than a
week ago, without adverse change in
the rate of wages. All apprehension Of
foreign disturbances of money markets
has passed away, but there is still great
caution in making loans. 1t is a mistake
TO reckon these as symptoms of depres'
sion. On the contrary, in spite of the
lower range of prices in important in
dustries, the conditions all indicate
larger production and a consumption
increasing, not as yet largely, but stead
,ly.
Wheat, corn and cotton exports az
the key OF the financial situation anc
during the past week wheat has de-
clined q of a cent and corn Is Of a cent,
while cotton is unchanged. The western
receipts of wheat are still small, 5Sl 900
bushels less than a year ago. and for
three weeks of January, 4,5l9, T9 bush.
lis, against 1866, 709 last year, but the
Atlantic exports. -four included, were
1874, ia bushels for the week, against
$3.50, 451 last year and in three weeks OF
January have been 5,0l9, 032 bushels,
against 6,S49, GAS last year.
The price has declined for corn also.
although everybody knows that the
heavy exports mean relatively more
than the exports of wheat. Cotton Is
unchanged after an eighth decline. the
wooden industry Is as low as ever and
10 real Improvement appears in the de-
mand for goods, although owing to the
latencss of the season there is a little
more doing. both in spring and winter
GOODS. without quotable change in
prices. The heavy buying of wool men
toned last week has continued. Quota
ions have o changed as Yet. although
western holders are quite stiff.
In the minor metals a stronger tone
$ general with an output Of about
1913 tons in the United states and T.
S5 in other countries. which is larger
han in any other month since July in
ther countries, and except in October,
arger than in any other month since
larch last in the United States. Copper
a, 1Fnht1t, GtIonuGr ut 10 pontG Load
.as improved a little with $3.07i4 asked
md tin is steady at 1910 cents, with a
tronger market at London. The iron
industry is engaged in settling relative
,rices, and the slow operation retards
~,us.ness since the future of prices Is
ncertain. Bessemer pig is a trifie low
r at SPA at Pittsburg, and gray forge
$40, though no further decline has
ccurred in eastern markets or at chi
ago. But the competition OF new con-
ems tempted to manufacture nails by
he high prices recently maintained
aused slightly lower sales of wire nails
t $1,35 and of cut nails at SIPS. The
Increase in manufacturing is perhaps
lore definitely shown than in any 9TH
T way by the production Of coke, which
teadily increases, 9,S17 ovens being In
last, against S,173 idle, and the out
nut for the week, 100, $50 tons, is over
'ouble the output of October 1.
Failures for the week have been 400
n the United States, against 373 last
ear and IS in Canada against GIL last
ear.
The aggregate OF gross earnings of
Ill railroads in the United States re-
porting for the first half of January Is
9,737, 724, a decrease OF A per cent.