Crawford avalanche. (Grayling, Mich.) 1879-19??, 1891-07-23
THE BOOM In TRADE
REACHES ALL SECTIONS BUT
THE SOUTH.

Pig Iron I'm Active Demand, hut tina
Structural Product Weak-Dry Goods.
Wheat. Reef Wool, and Hides show
Great Success = Corn Scarce and
Higher.
In speaking OF the revival OF business
now SO noticeable. X. G. Dun A. Co. 3
review OF trade says:
The general confidence is strengthen
ed by the financial news from Europe,
which I'm 1icates that disturbance of the
money markets from that quarter need
not now be feared, and by the change In
the foreign trade OF this country, which
points t. material reduction OF bal
ances payable abroad in specie
There is a remarkable increase Ia tho
production OF pig iron, almost 10 the
unpre edented figures of last year The
sudden increase In production Is not in
all respects favorable SYM tom. No
corresponding improvement In the de-
mand for manufactured roducts is yet,
seen, and the stocks unsold at only
part OF the furnaces are now recorded
as amounting TO about $50, 900 tons,
showing very large increas,, particu-
larry In coke iron Unless the demand
rapidly inn roves the market must sConl
weaken so far as TO test severely d.
ability OF some OF the concerns to col
tinue reduction. Already there is peN
ceptible weakening in the market
PhiladelL ha and some concessions
price are noted for zig iron and I'd
plates, while the market for structure
iron is extremely dull.
AS usual Of late the (emand for raj
is scanty. the demand for railroad bond
being still dull and disappointing.
Reports from other cities are geneH
ally hopeful Some improvement In til
demand for goods is seen at Bos. on
Prosl Gets are considered brighter al
Philadelphia. In spite of the usua<
dizziness OF the seasoa an improving ten<
dency Is seen at Buffalo, and lake shin
ping revives at Cleve and. with large
demand than year ago. Orders fo)
clothing are good at Cincinnati. and tbN
retail trade in dry goods is brisk. Al
Detroit manufactures move very fairly
and at Milwaukee trade is helped by im<
proving crop prospects.
Receipts OF wheat, dressed beef, WOO
and hides at Chicago show q great in+
crease. and new wheat comes in liberal~
ly, IS per cent OF it grading No. 2. Tho
clothing and shoe trades show a large
increase over last week, though in dr.
goods the trade shrnks little.
At ST Paul trade is backward bu<
prospects are good, and for Minnesota
are especially bright. Bank clearingf
at St Louis exceed last years by ? Pc
cent, and money is going out to cron#
along with freedom, while general trad0
In al lines Is or falr volume.
At other Northwestern points, without
exception, excellent crop prospects arr
noted as promising improvement. a
Nashville trade is fair, but dull at Mend
phis, unsatisfactory at Lite Rock, fal
ing off at Savannah, and sluggish &
New Orleans, though better demand &
seen for cotton. At Jacksonville trad
is better, with crops in good condition.
The collapse in wheat speculation la
come with fall OF cents DIS en
past week, but cornodi,s. -i 49, anu
aonts htohar ,-i-.@o oats nave decline0
cents nlgeeeehft Pork and hog produced
e higher, coffee has risen a quarter
and oil the same, but cotton is unchan9
ed, and the general course of prices hal
been downward, as is natural at thi
season. the fall during the past weelr
having averaged nearly q of per cent.