The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-03
FUTURE looks BRIGHT
Signs Of Definite improvement
in Business.
ENCOURAGING SYMPTOMS Iy IRON.

First Payment for Bonds Not Likely 90
Cause Any Further Serious Pressure
Heavy Trade WIN Commence When
Congressional Nominations End--Ad-
vance In the Price of wheat-R. q. Dun
Co.'s Weekly Review OF Trade.
NEW YORK, Feb. s.-R. G. Dun & Co :.
Weekly Review Of Trade saysi Though
business is still waiting, there are some
signs OF definite improvement. II Is now
believed that the first payment for bonds
will cause no further pressure and the
money markets are easier as respects
loans on collateral. though the difficulty
OF making commercial loans still checks
operations. But large maturities at tLo
end OF January have been met more sat
isfactorily than was expected and mer.
chants and bankers report that the signs
promise a good spring trade. No increase
appears as yet in the demand for the prin-
cipal products. unless for some forms OF
iron and steel. In which good contracts
have been made this week. Uncertainty
as TO congressional action still affects both
industries and commerce, but the increase
in inquiry and the reports of dealers are
deemed assurance Of large trade coming
whenever the uncertainty is over.
Iron and Steel Improve.
Signs Of improvement in the iron and
steel business are gratifying, even though
they spring from combinations which
have raised the price of coke and allotted
the output of lake iron ore There is also
a better demand for wire nails after long
stagnation. and also for sheets. Pig-iron
Is weaker; southern works are competing
sharply, while speculative buyers OF some
months ago are selling below present fur.
mace prices, but the average for all prod.
ucts is practically unchanged and ia per
cent below the highest last year Coke
production has again been cut down TO-.
y15 tons in single week Minor metals
are strengthened a shade by speculation.
The cotton mills are discussing curtail.
ment in production, as goods continue
weak. with an output largely exceeding
distribution, though the week has brought
considerably more inquiries and larger
spring trade is still hoped for
WooIens Practically Unchanged.
Woolcns are practically unchanged, as
each passing week OF open weather di.
minishes the prospect of profitable bust
ness, while jobbers, clothiers and retailers
have consideral stock Of heavy goods re.
maining Sales of wool at the three chief
markets, 9,Di5 63) pounds domestic in Jan
uary, against 10 e04, ,9l5 last year, but H.
800 pounds foreign. against 9,55l, $50
last year. having diminished OF late, man.
ufacturers buying only for present needs.
Wheat has again advanced about cents
for cash but only = for May, although
Atlantic exports are little larger than a
year ago, MI for four weeks, -four in
Guided. have been s lO3, 565 bushels, against
7,572, sSi last years. Neither this fact nor
the continued excess OF western receipts
for the week 2 3Sl 9l2 bushels, against
1926 0l2 bushels last year. explains an ad-
vance fos which the basis or excuse must
be sought In for foreign reports. Corn has
ceased 10 "sympathize" and records little
advance.
Cotton "a shade Lower.
Cotton is "A shade lower than week ago.
notwithstanding strong arguments by
Neill and others, but receipts from plant
ers go on ut nearly the same rate. Spin
ners' takngs fall behind last year as
usual, and the marketing of goods does
not support the brilliant estimates Of in
creased consumption this year Exports
I'm January have been 80 per cent less,
spinners takings 35 per cent less, and re-
ceipts from plantations 80 per cent. less
than last year, and receipts have been
larger, but spinners' takings and exports
both smaller than in 1923, from crop of
6 10000 bales Failures this week have
been 40i in the United States against 35A
last year, and 20 in Canada, against "a last