The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-08
YNIl BIG CONVENTIONS.
Business World Is Waiting to
Hear from Them.
WEEKLY REVIEW or n. G. Dun & co.

In Spite of Narrow Orders at Present
Factories aud Mills Are sim Holding ON
VITA Confidence 90 Decline Il, Wheat and
Cot;"n Helps In Marketing the surplus
Textile manufacturers waiting-Hard-
est Problem of the Day.
NEW YORK. June S.-R G. Dun G. Co. s
weekly review of trade says; II Is highly
suggestive that with as little help as
there is now from new business, markets
are so nearly maintained. summer is
close at hand. and with new crops prom.
islng well and old stocks large, 10 Is no
wonder that the farm products are cheap
The factories and mills are still waiting
for the rush of business seen last year
and i'm spite Of narrow orders at present
are generally holding on with much conf
dcnce 1t is So late that gold exports no
longer alarm, for the date of expected re-
turns draws near The opinion gains
ground that more active business Is TO be
expected after the conventions have been
held and the safety and the suiiiciency OF
the crops have been assured Low prices
at this season affect farmers very little
The Grain situation.
The decline i'm wheat and cotton has
helped in marketing the surplus so that
exports have been more liberal From
the Atlantic ports there were 2,2g7ill
bushels of wheat for the week, Hour In
cluded, against .551. .30S bushels last year;
while western reccipts-2,0 ,00j,i75 bushels,
against l.126,45 bushels last year-in'
creased less than heretofore Estimates
entitled to most confidence point to
! probable yield of 5O),0010)O bushels OF
wheat which. with the stock carried over,
will clear away any danger of oppressive
CHARGES for brcadstuffs. at the same time
giving producers n fair return. The esti
mates of the cotton acreage by the best
authorities Indicate crop OF lO,OOO,OJO
| bales if the weather is favorable, and the
/ surplus from past crops Is certain with
only fair yield TO be large enough to pre-
vent any harmful rise, as n yield exceed
| ing he maximum worlds consumption oi
| American would probably cause some de
| cline
| Heavy Movement of Cattle.
| The movement of cattle at the west Is
| very hcaVy--at Chicago 10 per cent. great
or than last year thus far-and lard makes
| a new lDw record. With enormous stocks
accumulated The hardest problem OF the
dav H. whether iron and steel prices can he
| maintained as they have been during the
past we.k The nail associations have
| failed thus far to win over competitors
| who undcrscll them. and are able to man
ufucture 5000 kegs. against every loo.O"
by concerns i'm the combination. The Ban
association asks for iron more than tho
selling price for steel bars Open heartf
billets are more freely sold at Pittsburl
below the price asked for Bcssemer, ant
middlemcn are still selling Bessemer bill
lets about 81 below the price fixed
by the pool Naturally the doubt regard
ing the maintenance cf prices great,
checks the demand for the present but tn
belief that much larger demand Is Ger
tain and will not long he delayed, IL tn
one thing which prevents considerable de
cline.
| Textile Manufacturers Waiting.
The. textile manufacturers are waiting
with some cotton goods reduced still fur
ther i'm price. and gnghams To the loves
point ever known, while no increase ap
ncars i'm the demand sales of wool still
fall below half the quantity required 10
full consumption and prices have fur
ther declined the average of quotation
hv Coates * Bros falling below Is cent
for the first time making the fall 41.s pc
cent IN five years. Clay worsteds an
mixtures fancy cassimeres and fanc
worsteds are shade lower. the averag
of representative prices being 2s'4 pe
cent lower than in the spring oil lsN
against I.37 per cent. month ago rm
urcs for the week were 23i in the Unite
states against l95 last year ana twent!
nine in Canada against twenty-five las