The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-22
BUSINESS IMPROVING.
Continued Signs of Gain in
Trade Appears.
WEEKLY REVIEW OF r. G. DUN & co.

Stocks Higher Than Before the Ar
tificial Break OF Ten Days Ago-More
Confidence Apparent In Monetary Cir
cIes-sIightIy Lower Average Prices la
Iron aud steeI-Textile Manufacturers
DO Not Gain-The Weeks Failures.
NEW YORK, June 22-R. G.. Dun & Co.'S
Weekly Review of Trade says' There are
continued signs that a gain in business
has begun. Stocks have gone higher than
they were before the artificial break ten
days ago wheat and cotton are In better
demand, and there Is more confidence IN
monetary circles, and the tendency to-
ward shrinkage in great industries seems
| IN some measure, at least, to be checked
| While the outcome Of the Democratic con
yention is uncertain, and the great crops
are not wholly beyond danger, sure
and strong Improvement could haru-
" be expected, but the tone In business
circles has grown distinctly more hope
full Beyond the influence of this general
hopefulness nothing appeared to justify
| the advance OF Hc in wheat, Ac In corn
and 5-l6c in cotton, and "A reaction started
in all these with the taking oil prohts
| Thursday Wheat receipts at the west
l241S 7t6 bushels for the week, against
ll,u31l3 bushels last year, indicate no
slackening of supply, nor fear oi FARMERS
for the future. Atlantic exports, 2,iVo f'o
bushels. -four included, for the week
AGAINST l.39l,S7l bushels last year, are
| large for the season but with new wheat
lust beginning 70 move, the supply is am
pie
The Cation Outlook.
The advance i'm cotton also had no visi'
bic cause in crop prospects or movement
though receipts AT ports have been hghi,
| Accounts still indicate large yield, ana
| the most substantial news OF helptui
| nature is that the tone in manufacturing
| circles is more cheering Textile manu-
facturers do not gain, and the assignment
of n large worsted mill il thought due to
| snecial causes rather than to the general
linAuences which curtail or temporarily
3 stop production Of many others. There Is
rather more hopefulness, which Is feit In
= rest after the decline of wools, but prices
/. are no lower and sales do no
, increase, being 3.09i.OW pounds 10
/, the week, and for three weeks
IA otz 5oo of which 52.,1 100 were do
/ nestle against l95l0.@' pounds iast year
/ of which s.sSl.365 were domestic. Manu-
L
Il hone soon To give, but are rot yet ready
e and the only changes In prices are decline
o of 5 TO 10 per cent i'm some very low grad
. | goods. The only change in cottons Is
l. reduction in bleached shirtings In stant
a. ards 20 the lowest price ever reached III
ri | change discloSes no new weakness, but
" belief that the time has come when sal
a. can be effected by reduction, ana lars
n. sales are now reported. The stocks
"a. dealers are believed To he so low that 7
nlenishment would now make gre
n | change in the condition of tho industry
~ Iron Prices Lower.
IS The waiting in iron and steel brings
r. | SLIGHTLY lower average OF prices the 10y
n est since April /. and only Is per cen
IA above the lowest of the year, though q
ri ! combinations make no change in quot
he tions. Beams are quoted delivered lnste'
of at mills, but numerous contracts
kept back: consumption OF wire nails
current prices has so declined that An'
lean wire rods are offered at conpe'i'
prices in England; scarcely anythlng
done i'm iron bars because steel bars
M II take business; and the d
IN Let pool is still undersold
vo q nv middlemen. while ma
his works arc putting up steel plates by th'
-. own Plates are weak. and also sheets a
orders for rails. though numerous, are .
large. southern No. | is offered at 81
=" low Pennsylvania pig and gray forge Is
the cents lower at Pittsburg. Since coke
yer advanced To - per ton the ovens at we
Is have decreased 33 per cent and the weet
the output is 80. 1853 tons, or 10 per cent:
lel failures Tor the week have been 2'o IN
mt United states. against 2?s last year a
ing | y in Canada. against 81 last year.