The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1902-09-12
REVIEW OF TRADE.
Earnings of Railroads Were SO Better
Than Last Year. "

Earnings of Railroads Were SO Better
Than Last Year.
New York, Sept. s.-Bradstreet's to-
day says:
All available datasconfir1n reports Of
good trade and foreshadow as good
Or Better. yet to come. Reports as to
August trade have been almost uni
formly favorable, and the records of
failures show the business mortality
20 have been confined to a low summer
minimum. Prices show persistent
strength despite the fact that agricul-
tural products, except corn and prime
cattle, tend lower, owing to the grow
Ing strength of raw textiles and other
materials for manufacture. Corn is
not yet out of danger from frost in the
northern half of the belt, inc this,
coupled with short supplies, imparts
strength to cereals generally. Reports
Of cotton crop deterioration caused by
hot, dry weather have scared shorts
and stiffened values of raw and manu-
featured cotton, but there Is a feeling
that the crop damage report has been
| pverdone. - IL
Less disturbance is noticed in labor
platters, some strikes being declared
2ff. The anthracite trouble still hangs
over the situation, but the volume Of
Eoal shipments is slowly and steadily
Increasing. Ill =
jobblng activity is undiminisfled at
The west. northwest and southwest, and
Is OF satisfactory volume at the east.
Dry goods, shoes, millinery, drugs,
hardware, groceries, clothing and lun-
Der figure actively in the demand.
Travel Is Unprecedented.
RS Leather sales raE1o rra a he west
but high hid prices discourage tan
ming. AT the east the advance in cot
ton is stimulating the cotton goods
market. Eastern shoe factories are
we'll employed, although the complaint
Of small profits continues. Wool is u
cent higher and tends upward, as
stocks are not large. Eastern railroads
and steamships report an unprecedent-
ed business resulting from returning
summer travel. The fuel shortage Is
pressing on the iron furnaces and now
the scarcity of cars and motive power
Is affecting the movement OF ore from
lake ports to the Pittsburg district.
New demand for pig iron as we'll as
finished products is, however, light,
primarily because buyers have booked
largely ahead. Tin plates and wire
mills are quiet, but a better business is
looked for soon with the growth OF
full trade.
"iAeac' AlCiauillS hour, exports LOT
the week ending September 4 aggregate
S,216,299 bushels, against 5,436, $50 last
week, 4,406, 064 in this week last year,
and 3,373,10 in 1900.
Wheat exports since July / aggregate
4,657, 1886 bushels, against 81, 692, 662 last
season and 30,317, S51 in 1900.
Corn exports aggregate 21,196 bushels,
against ll5,l50 bushels last week and
b50,S76 bushels last year, and 3,162,27 III
bushels In 1900. For the fiscal year ex-
ports are 1888, S39 bushels, against TO-
$3.50 bushels last season and 5;254, $50
in 1900.
Business failures for the week ending
September 4 number 1873, as against lao
last week, 1859 in this week last year,
In Canada for the week IA, as against
20 last week.
Dun Reports Steady Progress.
New York, Sept. S.-R. q. Dun &
Co.'s Weekly Review OF Trade today
says:
Steady progress is reported in trade
and industry. Distribution of merchan-
disc is heavy and a healthy tone is evil
dent. Prices are we'll maintained by
liberal consumption, which more than
neutralizes the effect Of enlarged facil-
tiles for production Domestic condi-
tons continue much better than those
existing, abroad and home trade re-
celved more attention thar foreign
commerce. Farm products have appre-
clated in value owing to less favorable
weather. and producers will be fully;
compensated for any damage in guam
t1ty by the higher quotations. Earn
1ngs of railroads during August were
$40 per cent larger than a year ago and
49, per cent in excess OF 1900.
Better deliveries Of coke and liberal
receipts of foreign material have les
sened the pressure in the iron and steel
industry n the situation is little less
congested, while quotations'i in a few
lines have weakened. Domestic de-
mandsH are not decreasing, much new
business having been. placed and home
consumption will continue to call for
imports on a large scale. Each week
brings out new records Of coke output,
the upper and lower Connellsville re-
gions together having surpassed 300, 900
tons and the holidays gave thezrailways
on opportunity to relieve the conges-
ton.
Serious Transportation Problem.
Unless rapid progress Is made before
the close Of lake navigation, less than
two months hence, the situation will
become serious. New plans are be.i4gt
added to the productive capacity as
rapidly as possible, but In railway.
equipment especial orders are already
placed for much Of next year.
Quotations of footwear are fully
maintained at the recent advance.
Leather sells freely at the recent adj
vance ! n quotations, but hides are
quiet. !.
Agricultural conditions are lasa salts
factory and If the official estimate as
to cotton Is not exaggerated the yield
will.not be large enough; to sustain
consumption at the present rate. Wheat
Is coming forward freely, though re-
ceipts do not equal the ,a~bnormally
heavy movement a year ago.. Corn
developed strength because of fears
that injury would be one by frost, and
the movement is very slow compared
with last years figures.
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