The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-06-16
BUSINESS
Rise In the Price or Print Cloths Down East
Iron works Starting Up.

PROVIDENCE, r. l., Juno 15.-An improve
ment OF q sixteenth OF a cent in the market price
OF print cloths means much more than such q
trifing fraction shows without being multi
piled. Since tho advance in 61x64s from the
lowest figure ever known to 2ia cents there has
been better buying in the Providence market
than for q long time. A lump sale Of so. 700
pieces has been made since the statement was
issued last week. and smaller lots have also
been disposed OF at 2l9 cents since Saturday.
Larger sales have been recorded in tho Fall
River market, and manufacturers arc now not
over anxious to let goods go at the price quoted.
HARRISBURG. Pa, June 15.-Business Is be-
ginning to look brighter around the American
Tube and Iron Company's works at Middletown.
Four furnaces have been started this week, two
in the butt mill and two in the lap mill. Tho
galvanizing department will also resume work
in q few days. Indications for continuous opera
tons at these works for the summer are exceed
ingly encouraging. There are fewer smokeless
stacks in and around the plant of the steel COM
pany to-day than for a year past. Almost every
day the number grows less. Tho prospects arc
that No. 2 blooming mill will have sufficient
work to keep double turns on for some time.
Only half time has been made for a long time.
PTTTsBURG, June 15.-Thero is a decided Inn
provement in tho iron business in this neigh
borhood. The manufacturers generally be-
lieve that the turning point has been reached,
and that q steady. II not rapid, improvement in
business may be expected. There has been q do
cided increase in the demand for steel billets
and pig iron. and prices have advanced. There
have also been largo purchases in iron ore, and
this means that more furnaces will DO put In
operation in O very short time.
Vice-President James G.. Cannon Of the Fourth
National Bank got back yesterday from Kansas
City. where last week he was elected President
OF the National Association of Credit Men. Like
others who have recently returned from tho
West. he brought a report OF Frightening bust
ness prospects.
we had a very satisfactory convention, said
Mr.. Cannon. Representatives were present
from every large jobbing centre In tho United
States. A careful canvass OF the delegates pres
emit indicated that the general business situation
throughout the country was steadily improving.
The price of merchandise il upon O hrmer ba sis,
and merchants express the opinion that they
will not be Obliged to conduct their business ON
a f.lling market, as was the case last year.
Crop prospects throughout the West are
very encouraging, and cool weather. followed
by abundant rains, together with warm. grow
ing weather, has brought everything rapidly
forward. The farmers are receiving better
prices for their cattle. and II the price of
corn and wheat can be maintained. the mer-
chants look for q very prosperous condition of
affairs throughout the West this fall. ! was
agreeably surprised to find that there WAS much
less talk on the silver question throughout the
West, and I come back feeling very much en-.
Outraged as to the general busin ess outlook"