The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-06-19
Gorham Mfg. Co.
S~ilversmiths,
BROADWAY & 18TH BIT.
% MAIDEN LANE.
BUsINEss rs ON THE MEND.
n. O. Dan a Co. Report an I.prevensnt An
AionG the Line.

T. q. Dan 4 Go. Report An hDproveneat Al
AionG the Line.
r. G.. Dun & Col weekly review Of trade, L.
sued yesterday, says:
The retarding influence Of cold and unseason-
able weather has passed. The gain In business
which in spite of 1t was seen a week ago has
become clearer to all. As no genuine improve
mcnt ever begins with an uplifting Of prices bc-
fore tho producing force has become fairly en-
ployed, this does not. and the buying OF 1000
bales Australian wool by one Boston house. and
100, 900 tons pig iron by a Wall street operator.
and advancing prices for stocks, are only proof
that tho actual conditions are understood by
some capable men. There 10 evidence OF gradu-
ally enlarging business In every important de-
partment. more establishments have been set at
work, and more hands 4nployed. and, while pru-
dence still binders speculative excesses, the
progress toward better things is unchecked.
Reports from the various cities this week chow
a very general progress and a continuing largo
distribution through retail trade.
The proof IL clearer, as 1t should be. in the In
dustrial than in the trading field. Contracts
providing for consumption Of 100000 tons
iron ore have already been made. 1000. o
within the past fortnight, 1t is believed, though
last years contracts only terminated about two
months ago. Bessemer ore Ia selling lower by
20 to 80 cents than at tho outset, Biwabik at
1925 against 1886. but the heavy demand
puts additional mines at work. The specu-
lative purchase Of 100000 tons Southern
pig at 1878 clears the deck for a larger
business at better figures, and sales at Chicago
10000 tons-have been the largest for eighteen
months. Reaction after tho sudden purchase Of
$4,000 tons Bessemer at Pittsburg leaves tho
bars there and for $4,000 tons at Chicago.
mainly from implement makers with orders for
t mday at tf PhiIadeipRfis and several at New York,
tho larger demand for plates and sheets, tho
S Sbase ,S Of sweni'T rails WHICH %itas S Sa pap Started ned the p pew
Joliet works with good orders, arc far moro i'm
portant than the speculation in materials.
nearly Gig per cent. without change in price.
Tin Is stronger at 1878 cents, and the copper
output in May, larger than in any other month
lead is stronger. Boot and shoe factories not
only have larger orders. but some concessions on
boots made a week ago can no longer be OBJ
tanned. Shipments on old orders are gaining,
and though smaller than for five years are but q
are reported In hemlock sole. oil grain and
split leather. and, though quotations do not
been reduced. Hides are stronger. 1.e per
| cent. at Chicago. with the old report Of scarcity.
The demand for print cloths. for the fret time
prints and other grades Of cotton goods are in
distributed business in vooliens than was ex-
pected. Ciothiers are buying. and, as they come
in the market, but the bulk Of the purchases Of
wool has again been by speculative houses at
Boston. where almost ten million pounds were
delphia. Western operators still pay moro than
Eastern prices warrant.
close with slightly stronger prices for corn.
owing to heavy foreign buying. and In cotton
s stsndkins 80 more a better ensoa 11as1Ea e sfop PspoF n2s"! n:
body can count bales in June. but the outlook Is
80 far favorable that few make large ventures
Wheat was hoisted nearly 2 cents. but fell
about as much, closing a quarter higher for the
Atlantic exports. Excellent reports from winter
wheat regions west OF Ohio had much influence.
but still more the great but really unknown In
crease of spring wheat acreage with eX.
eeptional prospects thus far. In two, weeks OF
June. Atlantic exports of wheat and flour have
been equal to 4,s77'653 bushels against 6.21o.-
remarkable return of foreign trade comes
poi ports Of Of only sdyT 81. tb5s. si iSe' while hi s'n net exports port e Of
gold less ore were about SO, SOC, 900. and Of sill
yer 81 100000. This was in spite Of an increase
OF 81 per cent. in dutiable imports and 81 per
cent. In customs receipts for the month. Elk.
ports were 1l.2 per cent. larger than last year,
principal farm products the exports increased
more than 10 per cent; Since June ! imports
nsxe n to h Dssn passed psMed.A IN n ihas'; weeks sea 'n ending GasS
and exports : per cent larger than last year.
cut ~ WV y - SuhO. ih'pOi n ~ % toEk
large larger S' Which tG II Il e cont SMd t through Il the f mo Seds,
would mean a large excess Of exports.
Stocks have been 80 strong that cheap traders
or sells the Street has not much power. In three
days purchases exceeded 10000 shares. and
prices. after some weeks rise, had half a day.
reaction on Wednesday. only to rise again near
" 75c. per share on Thursday. Railroad earn,
ings are encouraging. In June o per cent. larger
than last year. and only Al per cent. less than in
1892, and tonnage shows especially
In west.bound Iron products. glass. sugar. and
farm machinery. Failures in two weeks ending
june 10 were ~. 944 1853, against So, 90s. s4z
last year. IS 81 .s4l in tho same weeks of 1895
exclusive OF the Cordage failure for 90, go, 600
and Sc, 560.O25 in 1894. Manufacturing were
$2,o73.056. against $l.6l5.57l last year. and
vesr linz for no " x HsSiI hoye h ns 90 .@ T.
the United States. against o76 last year. and 81
In Canada, against % last year.