Cavern fauna are being trapped indiscriminately, in hopes of catching cave crocodiles and giant cave spiders. So far a troop of troglodytes, a troll, a voracious cave crawler and a cave croc have been caught. The trogs will be used for military practice, as well as the troll.
A giant sponge resides in the river down the hill, and plans are being laid to catch it and use it for marksdwarf training.
4 of the starting 7 are finally becoming very skilled with their axes, and a squad of speardwarfs and marksdwarves have been ordered to begin training. Since the only weapon ore present is hematite and layer upon layer of marble exist to be exploited, steel production has begun in earnest, using the bituminous coal brought at embark.
10 sets of steel armor have been crafted, because why not go for broke. Sure, iron would do fine, but since steel is only a little bit more work, and easily done, the whole military (and eventually the fort, if I feel up to it) will be issued steel armor.
Everyone is still sleeping in dorms, since the bedroom level was accidentally carved directly below the little bit of aquifer on the map. No major incidents there, just a minor irritation. Since the dorms are relatively simple, silver statues and furniture are being crafted and placed near the beds, to cheer up anyone who thinks dorms are evil.
The net value of the fort is a little over 700k, and will only go up after the construction of the next artifact, which is using native gold nuggets and some native aluminium in its construction.
EDIT: A gabbro table, worth 100800 goes nicely with the marble throne crafted earlier.