The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1897-06-23
TRADE OUTLOOK.
Further Proof Of Improvement in
Business Conditions.
The Industrial Field shows New Life
Print Cloths and Woolens I'm
Demand-PrOduce Markets
Are Stronger.

New York, June 1o.-R. G. Dun d Co.,
in their weekly review of trade, say:
1.-THE retarding influence OF cold and I'M
seasonable weather has passed. The gain
In business In spite OF II was seen week
ago and has become clearer 10 all. AS no
genuine Improvement ever begins with an
uplifting OF prices before the producing
force has become fairly employed. this does
not, and the buying of 600 bales Australian
wool by one Boston house and lOO,OOO tons
pig iron by Wall street operator, and ad-
vancing prices for stocks are the only
proof that the actual conditions are UNDER
stood by some capable men. There Is evil
dence of gradually enlarging business in
every important department. More estaD-
lishments have been set at work ana more
hands employed, and. while prudence stin
binders speculative excuses, the progress
toward better things is unchecked. Re-
ports from the various cities this week
show a very general progress and con-
tinuing large distribution through retail
trade.
THE proof is clearer as II should be. in
the industrial than In the trading field.
Contracts providing for consumption or
100000 tons iron ore have already been
made, 1000. 900 within the past fortnight, IL
Is believed, though last years contracts
only terminated about two months ago.
The speculative purchase OF 100000 tons
southern pig at s575 clears the deck for
larger business at better figures and sales
largest for Is months. Reaction after the
sudden purchase OF 1000 tons Bessemer at
Pittsburgh leaves the price s9.5O per ton,
but the heavy orders for bars there and
for 10000 tons al Chicago mainly from i'm
plement makers. with orders for many new
buildings at the west, one Of magnitude at
Philadelphia and several at New York, the
larger demand for plates and sheets, the
order for % miles OF pipe and the purchase
OF steel rails which have started the new
Joliet works with good orders. are far moro
important than the speculation in ma
terials.
1.-The demand for print cloths for the first
time in many months has exceeded the
weeks production and the price has risen
a shade. while prints and other grades OF
cotton goods are In slightly better de-
mand. There is a more widely distributed
business in woolens than was expected.
Clothiers are buying. and. as they come
late. are In haste
I'm produce markets the year draws
toward close with slightly stronger prices
for corn. owing TO heavy foreign buying,
and in cotton owing to a better foreign
demand, Notwithstanding more encourage
ing crop reports. Nobody can count bales
in June. but the outlook is so far favorable
that few make large ventures against the
yield exceeding 1900, 900 bales. Wheat was
hoisted nearly 2 cents, but fell about as
much, closing one-quarter higher for the
week. in spite OF reduced western receipts
and Atlantic exports Reports from
winter wheat regions west Of Ohio had
much influence. but still more the great
but really unknown increase Of spring
wheat acreage with exceptional prospects
thus far.
Failures for the week have been 1893 n
the United States. against 276 last year. and
&c in Canada. against 2S last year"