The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-07-20

Nearly All Products-Coal Dispute Will
Easily BE Settled by General Revival
of Industrial Activity-speculation In
the Wool Market Continues-Advance
in the Price of Wheat.
New York, July 19.-R. G.. Dun a.
Co.'S Weekly Review of Trade says:
Excepting the great coal miners strike,
which may terminate at any time, there
is scarcely a feature of the business
outlook which is not encouraging. the
season considered. Crop prospects have
been improved by needed rain in some
regions, and foreign advices continue
TO promise a large demand. In many
home industries, particularly in build
ms. there Is more activity than in any
year since 1892. and the week has
brought better demand in boots and
shoes and in woolens. While the move
ment Of freight. mainly iron ore, through
the Sault Ste. Marie canal is the larg-
est in its history. With money markets
unclouded, there is nothing in sight to
hinder rapid Improvement when uncer-
tainty about legislation has been re-
moved, for the miners strike could not
last long If business and industries
should become active.
Coal from West Virginia.
There is much less apprehension of a
failure Of fuel supply than there was
during the first few days. when prices
rapidly advanced, and large quantities
of coal from West Virginia have reached
northern markets, but some of the min
m "a or 70 CT Tho ~
vance in wheat to SIS cents was not
due to the government estimate, which
was followed by a decline, but to for
eign advices and considerable buying
for export Demand is already felt from
Australia, South Africa. Brazil and
even Argentina, while the promise for
European crops is not considered bright.
The disposition of farmers to keep back
wheat for higher prices may affect the
outward movement. but Atlantic ex-
ports during July. flour included, have
been 3,115,443 bushels, against 1858, 81
last year, although in the same weeks
4,659,315 bushels of corn went out.
against 1,574,072 last year. Wheat closed
cents higher for the week, and corn
" cent higher.
Cotton a Little Higher.
Cotton is a sixteenth higher, the clos
ing or partial stoppage of important
New England mills hardly neutralizing
in market estimation the apprehensions
Of injury from drought. The cotton
goods market does not yet reduce large
accumulated stocks, as the curtailment
of production shows, but is growing a
little more healthy without change in
prices. Woolens for the coming season
on some low-priced goods advances Of
~ cents are asked, and presumably
will be asked on better grades. There
is rather more business in recorders, and
the tone is more confident. Speculation
In the wool market continues with prices
at all points stronger, at Boston ad-
vancing with signs Of a boom among
dealers, in which manufacturers are
taking little part in current prices, and
at the west, where holders are looking
for a great advance. Imports at Bos-
ton were 2S,S62 bales in two weeks. and
dealers are said to have bought 100 600
bales more in London. Sales were TO-
452, 300 pounds at the three markets for
the week, and 24.572, 800 in two weeks,
Of which 12.6O7.200 were domestic.
State of the Iron Trade.
The output of iron furnaces July
was 164,O64 tons weekly, against 16S,3S0
June /, but several furnaces have gone
into blast since July /, and the output
is large for the season. Presumably an
unprecedented share Of 1t is to supply
the great steel companies, which are
even now putting more furnaces into
blast, and have heavy orders taken
when prices were dropped, while the
demand for structural shapes and
plates is large, and for bars improving,
though steel bars are now at the low
est quotation ever known in Pittsburg,
STU to 80 cents. with Bessemer pig quot
ed slightly lower. Tin plates are also
lower at $40 for full weight, and less
than $3 is paid for 100-pound boxes.
Failures for the week have been 1853 In
he tod tal oix,..4 L..