The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1901-12-06
WEEKLY REVIEW OF A
Enormous Demand for Steel an In
dex Of the Situation.

dex Of the Situation.
New York. Dec. 2.-Bradstreet's Re-
view Of Trade says:
The dvent of more seasonable
weather has given h apparently only
needed stimulus to retail and holiday
demand II the ortheas and portions
of the south. From now on retail rath-
er than wholesale demand will attract
most attention. Colder weather and
snow would, however, benefit north
western trade and industry, though
the open weather prevailing has en-
abled more than ordinarily complete
farming preparations and extended
holiday activity. Accompanying the
improvement IN the tone of trade there
has been q broadening and deepening
In speculation in leading food staples,
and, all in all, there is a rather more
cheerful feeling prevailing.
No sign of the usual seasonable quiet
ing down in the demand for iron and
steel is apparent, and buyers are as
eager as ever to obtain supplies. h
car shortage and the congestion Of
freight in several districts have been
accentuated by the ~switchmen's strike,
and the trouble there, If anything, is
aggravated. A number of
are banked and several mills are idle
for lack of supplies. In finished prod
hctS, bars, sheets and structural ma
terial, all are active and there has
been an improvement in plates. Foun-
dry iron is so cents higher at Chicago
and IS cents to 81 per ton advanced on
ruling rates must be paid for prompt
delivery of pig iron and billets at
Pittsburg. The big steel interests are
reported as having plenty Of cars, but
not enough motive power is offered.
Bradstreet's Halifax correspondent re-
ports a large sale Of Cape Breton steel
in the United States. Light and heavy
hardware is active, and the supply of
TIN has been practically cornered, with
the result that prices are s cents per
pound higher or the week.
Less is naturally doing in the whole
sale distribution of dry goods, but the
re"asSorting demand is reported of good
volume. Sales for next spring are not
as heavy as expected. At the east bust
ness in print cloths is slow, and there
is less doing in brown cottons for ex-
largely sold ahead to March. The furry
IN prints is over and no business in
printed goods for future delivery can
be placed at the recent cut rate. In
Woollen goods the situation is one Of
the best for years Dress woollens are
steady, fannels are active, and heavy
~pvercoatings are in exceptional de-
rnand. The 1901 wool clip promises to
be S per cent larger than last year, and
supplies are heavier than a veal ago,
but the demand, on the other hand, is
also better.
Eastern shoe manufacturers are ask
ing n getting . to az cents per pair
advance Over prices made two months
ago.. Factories are busy on reassorting
nr1arS nn1 n hn- 1~o -. l.,... L =.
take stock. Leather is still firm at the
late advance, and betting leather Is 20
per cent higher at PHILADELPHIA,
The strength Of coarser grains, corr
n oats, has been the sustaining
feature to wheat, which might other
wise AVE receded on large northwest
ern receipts and a heavy increase III
worlds cereal food supply shows a
shrinkage this year of LOSS, 900 BUSH
els, as compared with last year.
Provisions are showing exceptional
strength, due to shorts covering and
reported heavy buying by packers.
Hog receipts are large, but their
weights are light, and this accounts
for the relatively greater advance In
lard. ;
Wheat, including flour, exports for
| the week aggregate 5,117,47S bushels. as
against 5,518, $3.50 bushels last week and
2,497,8S0 bushels in this week last year.
Wheat exports from July / to date
twenty-five weeks) aggregate 127, S19,-
$50 bushels, as against 76,742,9 93 bush
els last season.
Corn exports aggregate $50, 1858 bush
els, as against 445, 351 bushels last week,
and 4,S01, 900 bushels last year. From
July l to date corn exports are 10, 1854, OS7
bushels, against 73,476,82 bushels last
season.
Business failures for the week num-
Der 1873, against 223 last week, and 1874
in the same week last year.