The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-27
TIN BISINESSouTLOOK
A. Reported by r. G. Dun & Co.'s
~ commercial Agency.
BALANCE OF TRADE is WITH US.

Very Heavy, which Accounts
hP' Recent Imports of Gold from Ea-
"' ,y,,oat and Corn Closed Higher on
sa week. Though the Produce Markets
nan somewhat Uncertain--Many
n.au.,nds of Miners Return to Work.
-, york. Set. Pr. G.. Dun G. Co.'S
,.'sr,v Review of Trade says: Gold
W.T. have begun direct from Eng
mp ond France besides the arrival Of
ia ,ooo oOo at san Francisco from Austria
s' CO.. wheat exported. The gold re-
j" Ia bere ard started from Europe
.aonrts TO S6,5OO,OOO in two days, and
'"'' odyor,e Of it's rates by the Eack
g england to 2l2 per cent seems h;llo
vIeIy to check the move zx IN View
,be heavy merchardi. lance Que
% ,ris country and a rise % ne ra'e Of
,atorast here The August excess OF
r-orchardise and specie experts ever I'M
&c was not far from S42.CCoCCCO, ard
-, eantember excess viii evidently be
80 unless shipments Of gold are con-
'15oroble Merchandise exports from
>,su York in three weeks Of September
toye heen 1873 per cent. over last years
and imports 1871 per cent less. and like
ohorges an the whole trade for the
month would result in net exports Of
s,2OOOOOO merchandise, besides silver,
Produce Markets Uncertain.
Produce markets have been uncertain,
dosing fraction higher for both wheat
and corn. while the decline in cotton
continue. With 81 cents paid for spot
Of the end Of August. cotton has dropped
M cents. or rs per cent, in less than
fonr weeks i'm spite Of a remarkable re-
yival of manufacture. Fever in some
southern cities has not been largely in
aueptial. and the main factor has been
general impression that estimates are
as misleading as they were when the
Weld was the greatest on record.
The corn estimate most credited by
the trade is only 1,750,CO0,C coo bushels.
but is coupled with figures tending to
show a surplus from the last crop Of
lOOOOOO00 bushels over ordinary con-
sumption Were this quite believed, the
price would not be rising, although eX-
ports continue heavy, being in three
weeks 1927, $40 bushels, against $780,
lE bushels last year. Wheat has gained
fraction for the week. While Atlantic
exports -four included, for three weeks
have been l2.49S,1S1 bushels, against g.
1888 bushels last year, western re-
cepts are exceeding last years and for
olgn estimates now agree in making the
probable requirement from this country
over 100000 bushels greater than last
year
No Labor Disturbances Threatened.
The official ending Of the western coal
strike adds many thousand men to the
working force i'm the mines and others
in manufactures using bituminous coal.
The anthracite strike has substantially
ended, ans no extensive labor disturb
ance is threatened. The output of coke
Is $4,000 tons, and the price is also adj
vanced. Some branches Of the iron and
steel Industry are clearly no longer able
10 keep up with their new orders. 9th
ers are very fully employed for some
months ahead and with all the demand
Is Increasing. Heavy buying has raised
Bessemer pig at Pittsburg to $1,000 and
gray forge to $3.50 with actual sales Of
10000 tons southern pig in the Mahoning
valley for S6.15 at Birmingham. Billets
are quoted at Sl625 and S23 has been re-
fused for wire rods The structural
work is behind orders, tin-plate mills are
hindered by failure to get sheet bars de-
Hvered fast enough. plate and sheet
mills find heavy demand everywhere.
and bars are In great demand for cars
al the west with vastly improved de-
mand and a shade better prices at the
east The average advance Of iron and
Steel products from the lowest point is
50 per cent.
Sales of Wool.
Wool sales at Boston have decreased a
quarter but manufacturers are still UNI
SoIe TO find profits in goods with wool
al present prices. Reported sales Of
WOOL are more than double those of the
most prosperous years, but the rise in
j prices renders the future more doubt
,uI except for manufacturers having
neaVy supplies laid In. The cotton mills
are DONG large business, although re-
cent buying of goods has naturally de-
creased after the recent rush.
FAILURES for the week are 200 in the
.nl'ed States against 315 last year. and
%enly-eight in Canada, against thirty
! nine last year.
49,