The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1901-07-25
STRIKE HAS LITTLE EFFECT.
Quotations On Steel Show Very Little
Change ~ q Result OF Trouble.


Change as q Result Of Trouble.
New York. July 22.-R. G. DUN &
Co.'S Weekly Review of Trade says:
Anxiety regarding unfavorable pos1
sibilities in the future, rather than any
actual present misfortune, depressed
securities and caused cancellation Of
some orders for merchandise by vest
ern dealers. Retail distribution Of
goods will not be curtaned by the labor
controversy, unless 1t is Of long dura-
ton, as the men have saved money
during the recent period Of full employ
ment at high wages. Similarly, In some
agricultural districts, where there is
fear that little corn will be harvested,
preceding bumper crops at good prices
have put farmers in such a prosperous
condition that their purchases will not
fall off materially, while the greatest
crop OF wheat on record has not brought
return to the low prices Of previous
heavy yields.
Beyond advancing prices of steel
sheets and depressing the market for
them, quotations have not been at
fected by the strike of the Amalgamat-
ed association. Pig iron furnaces are
not disturbed, although record break
Ing production will bring Accommodations
Of stocks If the rolling mills are kept
luAo AOA aIli lclklIl OIL llU10. LA LIS
branches not directly concerned there
Is no change of conditions, orders free
Quently running months ahead. An
early settlement Is confidently expect
ed and there Is much relief over the
general collapse of the machinists
strike. In anthracite coal regions work
has also been interrupted, but the re-
cent exceptionally heavy output as
sures abundant stocks lor some time.
r..
tive than at any time this year, orders
for heavy weight goods arriving In
large numbers. The light weight sea-
son will soon open and although 1t Is
expected that concessions of from 5
to 10 per cent from last years prices
will be made, there is prospect of pro-
'fitable operation unless the raw ma
terial should advance. Some uncertain-
ty Is seen in the wool market, sellers
| making futile efforts to secure better
terms, and ultimately accepting bids at
former figures. The tone Is distinctly
1lrmer and stocks at mills and in ware
houses decrease In cotton goods the
situation Is unchanged.
Stability Of prices seems assured in
the footwear industry. The firm tone
Is sustained by the steadiness Of heath
er, and buyers are not seeking conces-
sions. Factories are running full time
with orders on hand for months ahead.
Limited supplies OF leaCner make the
market very firm. Hides are fairly &c
tive and steady, some grades at CHI
cago tending downward on account Of
the drought. but in the long run this
should be a supporting factor. as late
arrivals must show at least an eQuiva-
lent decrease.
Calmer counsel prevailed In the grain
markets, exaggerated dispatches were
discounted and variations In quotations
were less extensive After severe
break from the best price last Friday
wheat steadily advanced as the feeling
became general that foreign require
ments would bring new record for
export, possibly exceeding $4,000, 900
bushels. Some Of the hay crop may
also be used for fodder in sections
where corn is destroyed. The influ-
ences fully offset the effect Of interior
receipts for the week Of $3.50, 200 bush
| els, against only 1882, 253 last year. At
| lantic exports show large gain over
| last years figures, for the week
amounting to 8.902,775 bushels, against
| 1841,s61 a year ago. After some reac-
!, ton corn recovered most of the loss.
and holders showed their confidence in
! Values by marketing only 8,S61,942
bushels for the week. against 49, 68
a year ago, although the high price
was distinctly reflected in Atlantic
shipments Of only 1,176,9s2 bushels.
against $685. 96 in 1900.