The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-20
FLOOD TIDE OF TRADE
u Has Risen After Four Years OF
Depression.
wrrKLyREyIEw orr. G. DUN & co.

:. e,,,es That Business Improvement Is
a., and Rapid-Many Favorable Condi-
,,ons which Have Made This beneficial
Change Possible-Improvement in the
,rou Industry--Wheat Moving Largely
fran the Pacific Coast.
No,y York. Sept. or c.. Dun e
ro,s Weekly Review OF Trade says:
THE end of the bituminous coal strike
ard the return Of many thousand men
- work at advanced wages adds to the
nurchaslng power Of the people, and the
anthracite strike affects not a fifth as
many workers. The starting Of many
mines and works. enormous exports of
wheat and corn, the favorable news as
70 those crops and cotton, the fall in
sterling exchange and the reports show
inc that gold imports began in August.
evceeding exports by S2.S9O,5S7. while
merchandise exports exceeded imports
ny S4O.g5S. SO. have ell contributed TO
forward the Improvement in business.
The REIMBURSEMENT Of stocks cannot be
half finished though who could see no
sign Of the Improvement a few weeks
AGO are now finding it 50 vast and rapid
that they fear a reaction.
Have to supply Themselves.
But consumers as wen as dealers have
also to supply themselves after years Of
enforced economy, and while their pow
er TO purchase is increasing every day.
and their actual buying is at retail, rea-
sons for apprehension are rot urgent.
III r
cents on account Of crop reports. which
promise large prosperity, and corn and
cotton are both a little lower fer like
reasons Yet estimates of the highest
financial authorities regarding require
ments from this country are not smaller,
but larger than before, while better
prospects in Argentina. Australia, ard
India hold out no promise of large Eu-
ropean supplies or Of any until winter
is about over. Atlantic exports Of wheat,
are more than double last year for the
: week, and In two weeks are S.S2O,213
bushels against 4,107,72 last year. and
of corn 1885, 1868 bushels, against $685.
S26 last year.
Wheat Moving Largely.
From the Pacific coast wheat is NOV
ing largely, twenty-five cargoes from
San Francisco this month, and over
dS,9S5 bushels in seven days from Port
land Corn declined over 3 cents. with
growing belief that the year could sur ,
pass estimates. Cotton was depressed
from 7l2 to Z cents. with favorable news
Of yield, although the mills are now con-
sumirg with great rapidity. The stock |
market had another Of its reactions en- !
Monday, but On Tuesday was higher |
than ever The reactions thus far have |
been significant. After the average of |
sixty active stocks had risen 81 per share !
il fell Sc cents in two days of reaction |
in June, and then rose again. After ris- |
ing IS more it fell II cents Aug. 9, then |
rose another dollar, and mad a serious /
reaction Of SO cents on Aug. II, but was |
higher than ever within a week. On
Aug. "a and % it fell % cents, but il
then rose SO more. On Sept. 10 its reac-
ton averaged 25 cents. and it has since
advanced S1O7.
Iron Prices Advance.
The iron Industry again shows in
creasing demand, and an average of
prices nearly ! per cent. higher, due TO
purchasing by consumers. The buying !
OF lVOOUO tons of Bessemer pig at Pitts
burg has advanced the price to $40.
tray forge Is hard to find there at 1915.
ana billets sell at $3.50. with the out
put increased to 1924 tons weekly.
Connelsvile coke advanced to $40 for
furnace The textile mills are more full
employed than at any other time FOR
years though new buying has dimin-
|Shed IN amount, ard though while the
number Of orders received is still large.
me amount is smaller. The demand is
s.H good for the season, and prices are
urn throughout with some further al
Hances' Actual buying Of wool by mills
- increasing at all markets, with the
VEL ye'iei mat foreign supplies are short.
FAILURES for the week have been 2O4 i'm
I.ue united States. against 81 last year.
anu I. Ior'y In Canada, aginst thirty-two
last year.