The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-09-18
A STEADY ADVANCE
Dun's Review States There Is
Great Increase in all Kinds
of Business.
LABOR MORE IN DEMAND
New York Trade Unions Show an
Increase of "a per cent in
Number Of Men at Work.

The last issue of Dun's Review
says: There is no halting in the ad-
vance. Business grows better in all
ways, for while its speculative end
breaks conspicuous gamblers for a
decline, a steady increase in produc-
tion, in working force, and in the
power of the people to purchase, is
the feature which overshadows all
others. Reports of New York trade
unions show an increase since one
year ago of "a per cent in the num-
ber of men at work, and similar
increase among men in like position
throughout the country would eX
ceed $40, 900, while every week adds
many establishments to the active
list. The coal miners strike has
disclosed such facts, and brought to
light such differences, that work will
probably be very soon resumed by a
large share of the men. The farm
ers are helped by higher prices for
wheat, and while western receipts
do not show that they have market
ed tenth of their crop, assurance
OF handsome profits to come pre-
pdres them to buy literally here
after. Because of this and the in
crease of hands at work, dealers
throughout the country have started
to replenish stocks, which is the
great force at present operating in
manufactures and trade, though dis
tribution by retail trade has greatly
increased.
A gain of II per cent in one month
in the output OF pig iron, from l65,-
37S tons Aug. lst to 1S5, 500 Sept.
1st, with knowledge that half doz-
en- other furnaces are preparing to
resume, and that unsold stocks have
been reduced IA, 400 tons weekly in
4 August, indicating a consumption Of
about 1870, 900 tons, more than ex-
plains the moderate advancein prices
of finished products, averaging but
per cent since the lowest point
Aug. 18th. Pig is shade stronger
at Chicago, but the proof that the
advance is healthy is found in the
growing demands of consumers, es-
pecially for bars, with inquiries for
800, 900 tons reported at Chicago,
for structural work including II, 900
tons for Santa Fe bridges, for all
sorts of car material including 10, 600
axles, and for plates especially for
shipyards on the lakes, so that most
prices have advanced 81 per ton.
Rods, sheets and merchant pipes are
in heavy demand. Copper is steady,
and lead shade stronger at T. ID cts.
and the production of coke has
reached 1000 tons with 12,7l7
ovens in operation.
Wheat has risen ) cents the past
week, not in a furry, but in answer
to the daily increasing foreign de.
mand. Though reports of the crop,
now almost wholly out of danger, in
dicate yield never. surpassed but
once, foreign accounts still strength
en- the belief that the deficiency
abroad will be 100 million bushels
more than usual, and meanwhile re-
ports indicate that less corn than
was expected will be available for
export. It's price has risen about
Of cent. While wheat receipts al
Chicago have been breaking records,
receipts at all western ports are for
; the week little below last year S,
but Atlantic exports, 9,778, 138 bush
els, flour included, against 4, ,270, ,75J
last year for two weeks, with 5,079,-
; III bushels corn against 1910, ,101
: last year, indicate foreign demand
apparently limited at present only
, by ship room.
, Since the small corner in August,
, cotton has relapsed to q cents, nc
, rumors affecting prices much. The
final report of The Financial Chron-
, icle makes last year S crop 8,7l4,0 |
, bales, consumption by southern mills
: l,O24, 49, and by northern l, ,S35, 600
: which with exports and reduction oi
, stock here and abroad indicates 8
/ larger world consumption of Amer
lean cotton than ever before. While
the yield promises to much exceed
that consumption, The Financia
: Chronicle believes it cannot yet bt
: safely predicted, as the crop is late
: Northern mills are consuming very
: largely, with a continuing demand
for goods which has advanced the
) prices OF many. With enormous
: speculative sales OF wool, which ap
: pear to constitute most of the mar
ket at Boston, there is also more
; buying there and elsewhere by the
, woolen mills, which are enjoying al
} extraordinary demand for goods a
prices averaging not 10 per cen
higher than were paid early in th'
: year.
: The market for securities ha
again shown surprising strength
) caring nothing for foreign blyinp q