The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1901-08-29
WEEKLY TRADE REVIEW.
IL Spite of Labor Troubles Business Con-
t;nues Good.

"OOus
New York, Aug. PR. c. Dun &
Co.'s Weekly Review of Trade says:
Though there are some drawbacks.
Notably the labor troubles in the iron
and steel industry, business is of we'll
sustained volume, to which fact pay
ment through the country's clearing
houses railroad earnings and the
strength of prices of staple and partly
manufactured merchandise offer ample
testimony.
Except in certain branches of the
textile markets, sellers of merchandise
have an advantage over buyers and
distribution is as large as stocks will
permit.
The Amalgamated association Of
Iron, Steel and Tin Plate Workers sue
ceeded in enlisting the sympathy Of
other workmen, with the result that
the output of bar and wire rod is cur
tailed to the extent Of about 10000 tons
monthly. Beyond this detection, wage
earners in all other branches of the
steel industry have refused to break
their contracts. Many idle mills re-
sumed during the past week and even
in the tin plate region there is q mod
crate output. Plates have begun to ar
rive from abroad. and prices in the
London market sharply advanced.
Hoop and sheet mills increase pro-
duction daily and there is no loss in
the rail division, but some anxiety is
felt regarding supplies of cotton ties,
as the picking season has begun I'M
many states /
Decreased consumption tends to
weaken pig iron, and tin is similarly
affected.
Exceptional activity is still the rule
at shoe shops Old orders are being
filled as rapidly as possible and ship
ments from factories show a steady
increase over last year of about 80 per
cent.
Sole leather continues remarkably
strong, union backs gaining another
cent while there is a splendid demand
for hemlock. both for domestic use and
export. Betting butts advanced, and
kangaroo leather is much higher. Hides
are without change in price and selling
freely. Slightly better terms asked for
staple wooden and worsted goods in no
way diminish the volume of sales and
the lightweight season promises to be
one of activity.
In heavyweights there are also no
ticed greater interest on the part of
buyers than is customary at this late
date. These improved conditions in the
manufacture give a firm tone to raw
y
ern markets of the new clip.
After a season of dizziness at cents
a pound, cotton suddenly developed
considerable animation and strength.
The chief influence was unsatisfactory
weather in Texas, although there was
also aid in the speculative market from
covering of the large short interest
outstanding. There was further sup
port in the failure of any agreement
regarding wage reduction at Fall
River, as strike would assuredly have
followed and consumption Of the raw
material been materially curtailed.
Sales Of print cloths have increased In
the last few days and prices rose, re-
lieving the situation.
Other lines of cottons have enjoyed
| more activity and occasional advances
in quotations are reported. Decided in
terest is shown in fall goods, the job
bling trade being we'll occupied. In lines
exported to China there is a fair move
| ment.
Grain quotations eased off somewhat
during the week, though the net de-
cline was small Weather conditions
steadily improve, making the outlook
bright for late planted corn. Foreign
| customers have been driven away by
| the exorbitant prices to the benefit Of
| Russia and Argentine. Nevertheless
| prices remain above 60 cents Slight
| reaction in wheat is explained by the
| decrease in Atlantic shipments to 4,853,-
| 1876 bushels, against 7,392,S25 bushels in
| the previous week. Compared with the
| exports Of 1,670,S17 bushels last year
and 2,79S,SS7 two years ago, however,
| there appears phenomenal gain.