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

New York, April OR. G. Dun G.
Co.'S Weekly Review OF Trade says to-
day:
II either Turkey or Greece has been
wholly buried In the sea. the markets
might ave been affected less than by
the outbreak OF wal In Europe. Like
wild fire In a crowded city, 1t raised the
question If a general coniagration may
spring out of 1t. To this possibility, and
not to any direct influence of either
Turkey or Greece upon the worlds
money or produce markets. was due the
excitement in grain ant stocks. AS the
unknown Is magnifed, American mar
kets were much more lighty than 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 IL 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 n 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 wal between the great pow
ers has the more influence, because
supplies there are not large. Whilc
western receipts do not yet increase,
and In three weeks nave been but 5,64l,-
COL bushels against 1898, 1879 last year,
Atlantic exports begin to gain slightly,
amounting to l 100, 239 bushels, Our in
Guided, against LOSS, 764 last year and
for three weeks have been 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.
1S9, LAG bushels for the week and for
three weeks 0,22l, Isl bushels, against
2,624,7 1872 last year. Already the exports
for the crop year have been 5000, 900
bushels larger than Atlantic exports
OF wheat and -four, and may soon exceed
the total export of wheat and flour from
both coast.
Cotton has been affected scarcely at
all despite government estimates that
the Hood districts yielded nearly 500. 900
bales, for increased acreage Is other sec
tions is generally reported.
The past week, like others of late,
has witnessed the starting Of operations
by several iron works, especially in
It.zt. .l.,4. o. ttapIn, and ,y.t nptrAH
Of pig iron and unfinished products are
lower, the demand not yet %equaling the
supply. Bessemer pig has sold as low
as 1906 at Pittsburg. Steel billets fell
to SLABS at Pittsburg and angles To- ]
cent, but wire rods cannot be supplied
fast enough at $21.75. Nails are strong,
and a few more structural orders are
pending. Eastern works also have or
ders for 49, 900 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 IN
cents, with a production of 1928 tons
I'm March. The end Of the stipulated
curtailment has been cached by some
cotton mills, and nearly by all. and
since the auction sales some bleached
goods have been slightly advanced, but
actual buying does not increase, and
print cloths do not improve. For the
three chief cities sales Of wool were
34,0 3 800 pounds In three weeks, 2O,271,-
300 being foreign. against 1906, 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 have been 21S
in the United States. against 23S last
year and u in Canada, against "A last
year.