The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-10-04
.1IIy 6 CO.'S REVIEW.
q. pecord Of Business Failures
INV Unusually Small.
.,vv EVIDENCES OF PROSPERITY.

little Larger lh"h ." W"
,,soe-Worling Forces of All Indus
Are Increased and Wages Are Adj
II occasionally bright Crop Pros
set. Rack speculation I'm Grain.
,,.n. york oct. Ar. G. Dun q Co.'s
Ill Review Of Trade says: The
,'n,,res during the third quarter of
COZ obtained by telegraph, were 1903,
n,b liabilities of $2S, ,261, Of which
,,.entv-nine were in banking, for So
49, eco commercial failures, 2,S74, with
yahnities of $25, 576, 1872, average only S.
200 oocb lower than in any other quar-
80 for twenty-three years. The amount
,,ofoulted liabilities is the smallest in
.,y quarter for five years, and in fif-
80, Years only six quarters have shown
..,oiler liabilities. Manufacturing fail
nres 65l with liabilities of $9,4S1,191,
o,eraee but $l4,4S7 each, and trading,
o,a with liabilities of SO, 1926, 065. aver
ago but s5,927 each, both smaller in av-
.soca NJ liabilities than in any previous
rear Of which classified records exist.
Continues IA Little Larger
The volume Of legitimate business con-
tnues little larger than in the same
r,orth of 1892. for while the great in
crease of pa per cent at New York
far the week might be supposed due to
speculative activity, in spite Of the es-
enlistment and growth of the stock
exchange clearing house. yet payments
through the principal clearing houses
optside Of New York exceeded those
NJ 1892 by 3.5 per cent for the week,
and per cent. for September. New
York makes settlements for a larger
mart Of the country, and the daily aV-
erage including this city, was, in Sep
tember. S2O6. 264, 900, against $134,S59000
last s1SS.S1O.0OO in 1894, 1922, $4,000 in
1893 and SIG, 1921 600 in 1882, so that the
gain over the same month in the best
Of mast years is 40 per cent. These
evidences of reviving prosperity are the
more important because prices for most
manufactured products have advanced
but moderately and are much below the
level of 1892. while speculative markets
are all declining with curious unanim-
ity, as If the large crops which make
grain and cotton weak would not assure
increased business to railways and war
rant better prices for stocks.
Bright Crop Prospects.
been set back by kAght prospects. The
wheat estimates of 100000 900 bushels,
about 2OO0OOOO0 bushels more than
would be required for food and seed.
leaving the smallest stocks for six years,
without replenishment, was followed by
decrease in foreign buying and caused
weakness. Yet western receipts for four
weeks were but 27,S25,554 bushels,
against 24O94, 044 for the same weeks
last year. and Atlantic exports, flour
included, are 1926 1S bushels, against
Sl76,3i6 last year. while Pacific ship
ments are also very heavy, and corn
exports continue over per cent. more
than last year. The price of wheat has
declined 5 cents and of corn nearly 2
cents for the week. Dismal reports
have been frequent, but the market
shows more faith in predictions of a
large yield and prices declined quar-
ter Of cent for the week. Turning
from speculative markets - productive
Industry. the change in tone Is striking
All industries are pushed to increase
working force. with an occasional rise
in the rate Of wages, by the growing
demand
Insures Larger Distribution.
This is largely for replenishment Of
stocks, but dispatches show that retail
trade at nearly all northern points con-
tnues to expand, and dealers well
know that increase of working force
and of wages insures a larger distribu-
uon OF goods. Anxious appeals for
speedy deliveries disclose more rapid
distribution already than had been ex-
pected, and in textile manufactures the
works are hinderd from taking as lib
eral orders as they might by doubts
ABOUT future prices. though having
enough to do for some time. The ad-
vance In cotton goods has been checked
W inc decline in material, but in wooden
soods the advance in prices has been
small compared with the rise in wool.
Whleh is helped by stronger prices at
London sales. The dealings, mainly
speculative, have amounted to 66,501, 100
pounds in four weeks, 4S,572,2 200 being
uohestlc, but recent sales of very large
~'s suggest that profit -taking may
have begun.
Demand for Finished Products.
slower to gain. because less affected
w replenishment of the dealers stocks
~dh other industries, the iron manu-
lac'ure has been pushed to further ex-
pansloh by growing demand for fin
,,Heu products, which has caused lit
iurther advance in prices, while pig
mon also is higher, 25 cents for Besse-
"oe al Pittsburg. with purchases of 3d.
Nv wv IONS by one concern, and as much
nisner Tor anthracite No. l at the east.
"''n NO advanced by the association
NO'oO and southern No. 2, no longer
o o below SO at Birmingham. The
average advance in all iron and steel
m~es' SS per cent. from the lowest
r.n'' Is still restricted by addition OF
ny furnaces and other works OF
Se IN operation. Failures for the
seA nave been 1914 in the United States,
c sanst 229 last year. and thirty-four in
N'nada against forty-six last year.
Presidential Nominations.
washington, Oct. 4.-The president
ThoI made the following appointments
oe Ro,''as scadden, register OF the land
W.. al Marquette. Mich. John I.
Al funston n register of the land Office
poarrison, Ark: David l.. Geyer Of
Al p.oy' -, receiver of public moneys
sNoswell, N. M. Albert M. Anderson.
a