The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-11-16

X. q. Dun Go. Report iha' pts"''
Day L. Dawning-orders Have Been Ac-
cumuIsting for Months and the Mills
viii Be Kept Busy-Foreign Deinan"
for American Wheat Continues AN im
portaut Factor ia Trade-Iron Output
New York, Nov. l6.-R. @. Dun &
Co.'S Weekly Review of Trade says
No doubt that the brighter day ~
dawning. and IL is common remark
that never before has business shown
so great a change for the better within
a single week. Dispatches telling OF
800 establishments. which have been
opened 10 have materially enlarge
their force, give only part OF the facts
for throughout the country the gam
has been surprising. even TO the most
hopeful. II is not mere speculation or
hope which lights the fires and starts
wheels, for orders-that have been aecu-
mulating for months with the necess-
airy replenishments 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 IS cents. gaming
6 cents for one week. 10 cents for two
weeks. and "a cents since early in sep
tember.
Highest since Jane. 1892.
The price is the highest since June.
i 500 Western receipts were only A.
| aga .O33 bushels against S.202.S6i last
| wear but the election cut on much
| work during the days in which these
l receipts were started 10 market. At
lantic exports. in spite or scanty
freight room. were for two weeks =
III 23l bushels. -four included. against
| $50. 3Si last year. and Pacific ship
| ments are also heavy 10 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 46.000000 pounds OF WOO
in FIVE weeks. transactions fell TO g.
| 2.3. 700 pounds last week. but prices
| were strong, and in some grades
| cent higher. and even a greater al
vance is demanded at the west while
| foreign markets are higher, and Aus
tralian fully l cent per pound. There
| is a slightly better demand for light
weight mems goods, and for ores
goods, hut not enough as yet to star
most OF the waiting mills. The cottoi
goods market is not yet active bu
| more liberal estimates OF the cotto'
crop are generally credited. causing al
eighth decline to cents.
The output Of iron furnaces in bias
Nov. ! was l24 or tons weekly. havin
been increased 11.295 tons. or log pc
, | cent. In the last part of october, b
confidence i'm the future.
All Markets stronger.
, All the markets were stronger, nj
I though the enormous purchases of pig
: iron in advance Of needs caused com
> | narrative inactivity at present. Plate
and steel are i'm better demand. An
thracite and Bessemer pig have ao
vanced a shade. and the average
!. | prices is 2A per cent. higher. The bi
! let pool is in protacted meeting hei
= | this week To decide upon its cours
h | and is still undersold. The beam. ba
= and wire-nail associations meet IN
:. | week. and the underselling of vii
0 | nails by outsiders has gone so FAR tht
: a decline of A. cents is openly quotes
e IT is noteworthy that the prevailin
: expectation. Notwithstanding the gel
n eral Improvement i'm business, is th'
= some. II not all these combination
= will decide To reduce prices. The col
l. combination. il now appears has NJ
h prevented large contracts for futu
'e delivery at less than 81. it's fixed pric
$, and even less than $1.75. but the ou
II put last week decreased. a heavy sa
Of copper to foreigners. said to GOV
10000. coo pounds. has raised the pri
10 l1is cents. and tin actually sells
- l3 cents. though less is quoted. Fa
ures for the week have been 276 in G
- United states against 2Ss last yea
a. and forty-six in Canada. against fort
la