The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-08-16
yINESS IS GROWING
:. from All Sections Are
P', AGREED Upon the Fact.
lr,y REVIEW OF r. G. Dun & co

s,. of Prosperity Are Not
' saag-roreIgn Demand for wheat
moen VERY Persistent-Pr'ces OF rig
s,,osu aud There Is More Demand
ro,,i,e,-ton...ned Speculation In
.,-Failures OF Week.
york Aug 16.-R. G., Dun &
u,as,,lv Review of Trade says;
/ ,,,y reporting this week notes
IN trade and nearly all bright
% osnects. The great change In
e emphasized by the presence
,,,itude of buyers from all parts
aountry. by their statements OF
.no,ion at their homes, and more
|InIy vet by the heavy purchases
are making ,.
,he customary signs of prosperity
ot lacking. The strong rise in
- the growth of bank clearings
sonroad earnings. the heavy spec
~ IN many products, but most OF
wheat, have made the week one
"rnasslng interest even to those
nnst remembering the upward rush
[-o Al the principal clearing houses
[,cbout the country payments IN
yora for the first time slightly
!, than i'm 1892, and IL per cent.
l T. than last year; in the first week
Ingust n per cent. larger than i'm
/ and 2S.4 per cent. larger than last
ard in the second week Of August
ore t7g per cent. larger than in
and ISL per cent. larger than last
Increasing Foreign Demand.
J great crops and haste Of foreign
q buy and ship wheat, in view OF
ytape elsewhere, have made the
memorable. Taking Of profits by
Ia lowered the price 3 cents on Sat
NJ Int il has since risen 5 cents.
Term receipts. slow i'm July, have in
{weeks been 7,239, 1873 bushels, against
2s2 last year, and Atlantic exports,
1 included. have been in the same
weeks G.l14.O31 bushels, against 81
Bl last year.
3en the demand for corn, by great
Feeding last years, shows that for
1 anxieties are serious, for 5,510,13
kels have been exported in two
Is from Atlantic ports, against o.
Is last year. The price has adj
led 1.12 cents, Notwithstanding enor-
stocks being brought over. The
hey Of French buying Of wheat, re-
! that Russia will stop exports in
to keep supplies for itself, and
inued shipments from the Pacific
buntries usually having a surplus
even the largest estimates Of
able supplies not too great for the
bile demand.
Pig Iron Prices Stiffen.
/all the great industries large de-
b for products appears, with strong
blation in materials and in inter-
ate products. In the iron and steel
eh, starting of many works after
ement Of wages keeps prices low
even depresses some, but the fact
the demand is growing leads to
N purchases of iron ore, 100000 tons
Cleveland in a week, and Of billets
tons, while concessions recently
tied in pig iron have ceased.
output Of the furnaces Aug.1 was
tons, against 164,064 tons July i,
decrease in known stocks unsold
BITE a consumption for two months
averaging 900 tons weekly,
is more than in the same months
92, though below the greatly in
led capacity OF works now. Sales
n are moderate, of copper to
ican consumers large, IL is said,
cents for lake, and OF lead at
cents, with speculative realizing,
1eavy sales Of tin plate are bring
slightly better prices.
Demand for Textiles Increases.
textile industries are encouraged
greatly improved and really large
ind for goods. which causes many
pvance in price. With production
curtailed stocks of cotton goods
Rapidly decreasing, and in woolens
hces have been made in clay wor-
and mixtures, flannels and Mid
suitings.
EQUATION in wool continues, with
about l cent higher, but sales of
800 pounds in two weeks show the
gness Of some holders to realize.
res for the week have been 239
United States. against 29S last
and thirty in Canada. against
six last year.
oonshiners Captured in Chicago.
cagO, Aug. 16.-The notice of the