The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-15
[TS|yESS IS BOOMING.
j, Advent of Colder Weather
Nv ieIps Trade Along.
'xcpE.sE IN OUTPUT OF IRON.

shows a Slight Decline, but Is Ex-
IN Make Material Advances
ir.o,sn Mills Are Busy, Having Orders
Months Ahead-Wheat Drops
" Cents and Rises Again-Business
Failures for Week.
49,, York. Nov. 15.-R. G. Dun a.
weekly review of trade says:
cO,dsr and more stormy weather. so
needed to accelerate distribution OF
Inter goods, has materially helped in
20 quarters and the resulting i'm
.,,oroent in retail trade is mentioned
nearly every northern dispatch this
IT ca that orders to fill stocks have
IAN encouraging, and In some branch
!. the multitude of demaids for imme-
.,o delivery shows that the distribu-
Atom N consumers has already gone
,nuch beyond the expectation OF dealers.
put this is not yet the general rule, and
Nth many complaints of delayed trade
,rom other quarters there still remains
,he extensive shrinkage caused by fe-
',or and quarantine at the south. 1t is,
therefore. the more surprising that the
,,oume of all payments through clear
,rg houses continues about as large as
n 1892 and 1871 per cent. larger than
t,ost wear. Railroad earnings also near
. " eoual those of 1892 for the first week
81 November and half the mileage in
! the United States shows earnings in
october Of $5O345, 496, or per cent.
larger than last year and % per cent.
larger than 1892.
Nothing to Cause Reaction.
Speculative markets feel disappoint-
ment because prices do not rise further
and faster but it is fortunate for pro-
ducers and dealers that he experience
OF some past years in that respect has
not been repeated. There is nothing to
cause general reaction, the purchasing
power Of the people is gradually in
creasing and after the lull which fol-
lows extensive replenishment of stocks.
trade should give ample evidence OF
that increase. The output of iron fur
naces Nov. l was 213, 159 tons weekly
against 200,129 Oct. l, gain Of 6.1 per
cent. and unsold stocks decreased 4S,
$50 tons in October, indicating a larger
consumption in manufactures than ever
before, even when the output of pig iron
was pushed by swiftly advancing prices
to the highest point, 211,6S2 tons, Nov
/, 1895. Prices of iron products rose
that year 55.3 per cent, but are now
not perc ent. higher than June 9. The
enormous output, with some more fur
naces started in November, causes but
slight decline in Bessemer pig t.
s10.25 at Pittsburg, with no decline In
other pig there, at the east, or Chicago
and no fall in prices of finished prod
ucts except a shade In angles.
New Orders Are Few.
While most works have orders for the
rest of the year, and in sheets anC
some other branches are far behind IL
deliveries, new orders are few, but in
clude one for 1000 cars at Chicago ant
one for 400 at Pittsburg. one for an ar
mored ship at Chester many for small
buildings and for st. Vincent's hospita
and three school houses here, many To-
bridges, with some for the drainage ca
nal at Chicago, a lively demand To-
hoops and large export business will
a quantity of bars for Asia. Woolel
mills generally have orders for thre
months ahead and are not seeking fur
ther engagements. Large sales of spec
ulative lots of wool at prices not state'
suggest that it may be lower before tn
mills need further orders. A year ag
the price began to mount, with heav.
SPECULATION, and has risen SO per cent
without reaction in quotations, Will
the rise in goods averages but IA pc
cent The decline in cotton and tn
SLOW demand for goods owing in par
10 warm weather, have led cotton mill
10 confer about curtailment of produc
tion, and further reductions have bee
made in brown sheetings and drills
prints, and by jobbers in bleache
goods.
Wheats Drops and Rises.
Cotton declined an eighth to 5.S7 cent
for middling. uplands and both export
ana takings Of spinners have been large
wheat dropped over cents, but ha
since risen as much with heavy buyin
ior export. Western receipts continu
neavy, in two weeks 14,02S, 907 bushel.
against 1851, 1872 last year, while At
iahtic exports, flour included, have bee
o'ooz'O25 bushels, against 1921, 1871 las
year. An English authority reckon
,ne worlds yield at 100000 bushel
less than last year, which would mea
market for all this country has {
spare. Corn exports are again large
'nan last year and the price has rise
cents. Later prices of meats do nc
ihoicate that farmers have as yet niue
Inducements to save corn for feedint
FAILURES for the week have been 291
he United States. against 276 last yea