Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-09-10
CONFIDENCE IN THE FUTURE.
1t L Strong and Increasing. and,
Nothing Apnears tn Check IL.

Nothing Appears to Check 1t.
II. G.. Dun & Co., in their weekly re-
view of trade say: Not for several years
have the telegrapliic reports from various.
cities in all parts of the country been AS.
encouraging or shown us uniform inn
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 cheek 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 interfcres as yet little with
industries, and seems likely to terminate.
within Il week. The demand for money
improves, taking from New York to the,
interior about half Il 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 cannO be- long delayed.
The greatest gain has been for agricul-
ture. Corn has advanced u 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 Il few weeks OF
suspension, have resumed work. Other
farm products are doing well also, hut
wheat has advanced about 11&c for the.
week on actual transactions. with heavy
purchases for export. The official esti-
mate of yield is entirely ~disrcgarded, ex-
cept as an admission that the crop wilf
be larger than that of last year, and it is.
commonly assume that the yield will be.
5%5O,O0O,OO0 bushels or more, though re-.
cent reports Of injury indicating the possi--
bility of n somewhat smaller outcome.
nave 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 11,340,267 bushels.
against 1867, 1877 bushels last year, while.
Atlantic exports are about double last.
years., 5,2S7 bushels. against $685.
347 bushels last year, and for three weeks.
0.S19,31S bushels, against 5,1O2, 861 BUSH.
els last year, -four included for both years..
1t is well to notice that corn exports con.
tinue more than double last years also, i'm
three weeks S,516,5A bushels, against A.
1924 last rear.
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 u much stcadier 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 liz two.
] weeks to 100000 or 100000 tom,