The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1896-11-18
RECOVERY IS RAPID.
Business Makes Unprecedented
improvement in Week.
GAIN THATHAs BEEN SURPRISING
X. G. nun a Co. Report That Brighter
Day Il Dawning Orders HIVE Been Ac-
cumulating for Months and the Mills
Will he Kept Busy Foreign Demand
for American Wheat Continues an I'm
portant Factor In Trade-Iron Output.

New York, Nov. l6.-R. c.. Dun &
Co.'S Weekly Review of Trade says:
No doubt that the brighter day is
that never before has business shown
SO great a change for the better within
a single week. Dispatches telling Of
500 establishments, which have been
opened, TO have materially enlarge
their force, give only part of the facts,
for throughout the country the gain
has been surprising, even TO the most
hopeful. 1t is not mere speculation or
hope which lights the fires and starts
wheels for orders-that have been accu-
mulating for months with the necess-
airy REFRESHMENTS of dealers stocks
now greatly reduced, would employ
the whole producing force for time.
and the increase in the number Of
hands at work means an increase in
purchases for consumption.
The foreign need of American wheat
continues an important factor and the
price has advanced to SS cents, gaining
cents for one week. 10 cents for two
weeks, and "a cents since early in Sep
TENDER.
Highest Since June, 1892.
The price is the highest since June,
1892 Western receipts were only A.
494,033 bushels. against S,202,S 64 last
year, but the election cut off much
work during the days in which these
receipts were started to market. At
lantic exports, in spite Of scanty
freight room, were for two weeks g.
1921 bushels, flour included, against
$780, 1874 last year. and Pacific ship
ments are also heavy to India, South
Africa, and Australia. Many textile
works have been started for increasing
their forces, mostly on orders booked
weeks ago. But there has not been
much gain in the demand as yet. After
purchases OF 100000 pounds of wool
in five weeks, transactions fell to g.
243, 700 pounds last week, but prices
were strong, and In some grades /
cent higher and even a greater adj
vance is demanded at the west. while
foreign markets are higher, and Aus
tralian fully / cent per pound. There
is a slightly better demand for light
weight mems goods, and for dress
goods. hut not enough as yet 10 start
most of the waiting mills. The cotton
goods market is not yet active, but
more liberal estimates of the cotton
crop are generally credited, causing an
eighth decline TO s cents.
The output of iron furnaces in blast
Nov. l was 4,077 tons weekly having
been increased II, 295 tons, or 106 per
cent. in the last part Of October, by
confidence in the future.
All Markets Stronger.
All the markets were stronger, al
though the enormous purchases of pig
iron in advance of needs caused COM
parative inactivity at present Plates
and steel are in better demand. An
thracite and Bessemer pig have ad-
vanced a shade, and the average OF
prices is 21a per cent. higher. The bill
let pool is in protected meeting here
this week TO decide upon it's course,
and is still undersold. The beam, bar
and wire-nail associations meet this
week, and the underselling of wire
nails by outsiders has gone so far that
a decline of As cents is openly quoted.
1t is noteworthy that the prevailing
expectation, Notwithstanding the gen.
eral improvement in business, is that
some, If not all these combinations,
will decide to reduce prices. The coke
combination, II now appears, has not
prevented large contracts for future
delivery at less than 81, it's fixed price,
and even less than s1.75, but the out
put last week decreased. A heavy sale
Of copper 10 foreigners. said to cover
100000 pounds, has raised the price
TO 111s cents, and tin actually sells at
Is cents, though less is quoted. Fail
ures for the week have been 276 in the
United States against 2S3 last year.
and forty-six in Canada, against forty
nine last year.