The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1902-01-24
PRICE
Process Continues During Second
Week Of January.

~ #-
New York, Jan. 20.-R. G. Dunn &
| Co.'S Weekly Review Of Trade says:
REIMBURSEMENT of prices continued
during the second week of January,
and the general average reached a
much larger point than prevailed when
the yea opened. Manufactured prod
ucts were scarcely disturbed. but both
staples and securities suffered. Bust
ness conditions are sound, liberal dis
tribution and prompt payments being
reported. Cotton still fails to command
a price proportioned to the estimated
crop, and as a consequence the return
to growers is insufficient to sustain
business at the rate established by the
previous years most profitable yield.
Transporting interests are less behind
with deliveries, and railway earnings
for the first week of January show
gains of "a per cent over last years
phenomenal figures
Nothing has transpired to disturb the
bright outlook in h iron and steel in
dustry. Deliveries of fuel are less de-
iayed, and furnaces, operated fully,
while mills receive material with a
fair degree of promptness. Quotations
are maintained firmly, especially for
pig iron, which is in great demand.
Large contracts have been placed for
Bessemer at $3.50 on Pittsburg de-
hveries in June. Spot sales in small
quantities are much higher. Structural
material is taken almost eagerly, and
more foreign bridge contracts are re-
ported. sBillets cannot be had in suffi-
cient bulk from domestic producers, so
that imports from Germany are sold
at Youngstown for $27.50 Sales of
copper are made at II cents, which
makes a somewhat striking compar-
ison with the so per cent higher figures
of a few weeks ago..
Footwear producers have at last
made a general advance of from 21s
to 5 cents. Wholesalers have not al
tered lists. Hides are weaker. which
is natural at this season, when the
quality deteriorates. Stocks of cotton
goods are ~burdensome, and demands
gradually expand with the advancing
season, especially for fine grades.
Heavy brown goods move slowly, both
on home and domestic orders. Wooden
goods opened lower than expected,
and purchases were retarded rather
than stimulated by the declines.
Wooden and worsted yarns tend up
wards.
Grain reacted sharply from the high
point, but one large western operator
was caught with more than he could
carry. Forced liquidation of this long
account facilitated the work Of manipu-
lators for a decline. An unsatisfactory
feature was the. recent falling off in the
foreign demand, official figures for De-
cember showing smaller exports Of wheat
for any month Of the calendar year,
although for six months of the crop year
there still appears a gain Of about D,0OO,-
600 bushels over the corresponding months
OF 1900. This week exports were 4,34S, 4S1
bushels. against BAGS, AIS a year ago.
Corn declined sharply, but still remains
about 20 cents a buhe above the price
last year. Exports in December were
only about 6 per cent of the outgo in the
same month of le9e0, while for the week
Atlantic ports sentEout 1854 bushels,
1896, $3.50 a year ago. Provisions
weakened slightly in sympathy with
grain, yet the higher level Of prices in De-
established a new monthly record
In value of prices of exports. The ac-
tivity occurred at the coffee exchange.
spectators for a decline were sue
cesful, aided by enormous receipts at Bra
lillian ports and American stocks $50 ner
cent larger thar were held a year ago.