Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-02-13
REVIEW THE WEEKS TRADE
Changes In Business Circles Not
Important.
Money Market IL Favorable, There
Has Been Large sales or
American Securities
70 Foreigners.

New York, Feb. 6.-R. G. Dun & Co.'S
Weekly Review of Trade avs today:
No important change in business APP
pears, but the number of manufacture
ing establishments starting much ex-
ceeds the number Of those stopping dur
ing the week, SO much that the curtail-
msnt of working time in many cotton
mills probably does not lessen he aR-
sregate productive force or amount Of
q paid. There is distinct Increase
in rders for wooden goods, some gain in
the silk manufacture, a gain In one
branch OF boots and shoes and indica-
tions OF better things coming in the iron
n steel manufacture. All symptoms
are favorable in the money market and
a large sale of securities in connection
with the Northern Pacific and oregon
Navigation interests & European pur-
chasers will put off still farther the pos
sibility OF gold exports. 1t Is also cheer
ing evidence OF confidence among
European investors.
To many IL is the most p~erplexing
feature OF current events that wheat
does not rise much, though it has ad-
vanced ia cents for the week. Atlantic
exports have been only /, $50, 046 bushels,
flour included, against l.965, ass bushels
for the same week last year, while west
ern receipts have been only Lass, 10
bushels, against 2,sO0,4 07 bushels last
year. The condition of the market is
not explained by any special confirma-
ton, but current prices show that no
great confidence is felt in the estimates
Of supplies available for the rest of the
year.
Cotton fell to IA cents after the agree
ment to close Fall River n other print
cloth works became known, but recov-
cred the quotation of a week & at 7.Sl
cents. without further news. Spinners'
takings have been so small this year
those of the northern mills about 400, 900
pounds less than in 1S94-g5-that the adj
mitted ~narrowness OF demand for goods
has at present considerable weight.
Sales of wool have been smaller than
In other recent weeks and yet are far in
excess OF the consumption Of all mills
for a week, II all were fully employed.
There has been only a slight stiffening
In prices, but more foreign wool will be
taken and stored, II is believed, IL west
ern holders continue to demand higher
prices. More important than these indi-
cations Is a little better demand for
heavy weight goods, which has led some
Of the smaller mills to buy wool more
freely and thus enable a number to
start operations.
Prices Of Bessemer pig and grey forge
at P%ittsburg nave slightly advanced,
with a much more hopeful feeling, not
withstanding the comparative narrow
ness OF the demand for finished prod
ucts, and in plates and wire nails there
il much more business, with good pros
poets. Billets are quoted at Sl5.25, with
scarcely any demand at present. and
rods at $2l, while No. q blank sheets
are quoted at only 2 cents. Reports that
20, 900 tons OF steel plate and sheet bars
have been exported TO England are only
indications OF the temporary excess OF
supply over demand in this country
and are not supposed to have realized
any profits, yet Ii Is stated that prices
OF cast pipe are from 81 TO So per ton
lower at New York h at Scotch
works. Bars are quoted at the lowest
price ever known at Philadelphia, with
out much Improvement in the demand,
and steel rails are still inactive and UNI
changed in price, the railroads waiting
for a decline corresponding To the fall
in billets. But OF the whole the demand
for iron and steel products Is slowly
gaining and a considerable proportion
OF the works is fully employed. though
the gain is not yet enough for those who
have taken a large stock of material or
products on speculation.
Failures for the week have been 81 in
the United States against 323 last wear.
and 63 I'm Canada, against 81 last year.