The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1901-07-18
MIDSUMMER LULL.
business In the Northwest Is Unusually
Active for tho Season.

Business In the Northwest Is Unusually
Active for tho Season.
New York, July 15.-Bradstreet's
says:
Varying commercial and Industrial
conditions make it difficult to strike in
u sentence the keynote Of general trade
Tor the week. In the east business APP
pears to be of midsummer character.
while in the southwest conditions have
been adversely affected by drought and
hot weather reports, which superin-
duced a tendency on the part Of many
to cancel orders previously given In
the northwest, on the contrary, BUSH
ness seems to be quite active as the re-
suit of excellent crop conditions, and
credit is reported being freely granted,
but In the middle west the tenor of
trade Is apparently STEADY, While in the
south ordinary conditions are noted.
But Of the week the important develop
ments seem to have been the rampant
speculation in corn and oats due to re-
ports Of exceedingly heavy damage in
the Missouri valley belt, the nervous
ness of the stock market and a some
what troubled railway rate situation,
in labor circles.
The crop reports to the agricultural
department point to q reduction OF
100000 acres in corn, or per cent from
the area planted last year, with q
lowered condition, as compared with
July year ago, and as a result the sta
tisticans are figuring on a crop Of only
2.o9S.o0S,e00 bushels, which may be re-
garded as somewhat above the probable
WELD IF ha a kan Of tho Hpclina
in conditions as compared with the ay-
erage Of the season last year. For the
wheat crop as a whole a total of IO4,-
$50, 900 bushels is figured out, also SEEM
ingly an estimate which may have to
| be revised in the direction of a reduc-
| ton. The wheat remaining in farm
! ers hands is estimated at $1,000, 900
| bushels, which is less by 20,0O0.000
| bushels than on July / a year ago. The
| oats crop shows a decline in condition
| for the month of June and as compared
| with July ] vast year, While barley
| shows slight gain for the month, but
| a considerable advance as compared
| with July l last year.
! There is a f1rmer and better feeling
| In the iron and steel market, though new
business booked is Of small volunme.
! Structural material is active. Tin,
after soaring on speculative manipu-
| lation, broke toward the end of the
week, as the result Of virtual coup
], by the leading bull interest Labor
/ troubles, so far as surface indications
! go, are approaching an amicable adj
| justment, though one conference has
| ended without much result.
! In wool the situation shows improve
| ment, but no speculation appears. Of
| ferings of staple lots are scarce. New
woods are being picked up, and values
are hardening, while fleeced woods are
quiet and some Australian woods have
! appeared on the market and are selling
at firm prices. Carpet woods, on the
| other hand, are inactive.
Gross railway earnings for the month
| of June, as reported to Bradstreet's,
aggregate s53, 510,413 as compared with
$50, 107,621 for June last year, an In
| crease of 6.S per cent. in favor of the
| month In the current year.
! Leather is active on domestic and
export demand, and so are hides and
skins. In shoes a fair line Of business
for prompt shipment Is reported. but
forWardings are below those Of last
week, owing to the holidays amount
Ing as they do to S2,7S1 cases, against
l01,7 6l cases last week and S4,119 cases
for the week in 1900
/ Neither dry goods nor cotton goods
are as active as last week. the holidays
affecting business, but the undertone
Is strong and the cost of production is
| more of a factor in determining prices
of finished goods.
Corn and oats, as was to be expect
ed, showed the heaviest gains for the
week at the outset, though wheat
which was weak at the outset, was
firm toward the close on heavy buying
orders and in sympathy with corn
Reasons for the advance in corn are
obvious. The July crop report of the
government made the condition S1.a
per cent, the lowest for number OF
years back. while reduction Of the
acreage planted, as compared with last
year, was indicated in the returns
Hogs were active throughout the week
on scarcity of supplies, and pork is
unchanged at the close, though at one
| time 1t advanced in sympathy with
hogs and the activity in corn. In cot
ton the market Yves irregular and pro.
fessional, the tendency being to wait
until conditions became better O,
worse. Texas meteorological conditions
| played an important part in bringing
| about price changes, which were lower
on the week.
! Wheat, including flour. shipments for
the week aggregate 5,016,149 bushels
i 2,829,910 bushels in the corresponding
week Of 1900. Corn exports for the
week aggregate $780, 1888 bushels
! against 2,240,923 bushels last week and
1922, 068 bushels in this week year
ago.
Business failures in the United States
for the week were 1879, as against 14s
last week and 221 this week year ago
1 ASSESSES STOCKHOLDERS.