The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-10-18
CONDITION OF TRADE.
Weekly Roview of r. G. Dun &
Co.'s Agency.
MERCHANTS USE LESS CAUTION.

! weigh His Hesitation Large shipments
of Gold Expected from Europe--G reat
Improvement Noted in the Iron Trade -
| Heavy Movement of Wheat and "a De-
cline in Price-Business Reverses.
New York, Oct 1S.-R. c.. Dun &
| Co.'s Weekly Review Of Trade says:
Foreign trade in September, the heavy
Increase in iron production and con-
sumption, and the largest payments
through clearings ever known in Octo-
Der, are indications which outweigh
hesitation in some markets. The in
crease in employment Of labor has con-
tinued, with further accounts daily Of
works opening, increasing forces Of
hands or raising Of wages, and at every
point where actual production can be
tested ii appears greater than ever be-
fore. Efforts by the Bank of England
have delayed further gold exports, but
with cotton movement rising large
shipments to this side are deemed GER
tain and not distant The output of
pig iron Oct was 2OO,12S tons weekly,
against 112,7S2 year ago, the increase
since July having been % per cent.
Prices OF Pig Hold Steady.
Unsold stocks have been reduced at
the rate of 40,271 tons weekly in Sep
TENDER, indicating a consumption ex-
ceeding $4,000 tons weekly, which is
about 10000 greater than ever before
and 40 per cent. greater than three
months ago. Prices of pig hold steady
though the production has been further
Increased since Oct. 1 and prices of fin
ished products gradually rise with es-
pecially heavy demand for plates, rods
and bars; while another contract has
been taken by the Illinois Steel company
to deliver 10000 tons of steel rails for
Japan and the Pennsylvania company
has bought $4,000 tons. Ore shipments
on the lakes surpass all records and
the Rockefeller company has contracted
for another steamer, with two consorts.
to carry 10000 tons, the largest ever
built for the lakes. Makers of black
sheets have raised the price for No. %
to $40 and wire nails are cents high
er, the average of iron and steel prod
ucts rising per cent. for the week to
the highest point since April s.
Tin Plates and Copper.
Tin plates are cheaper at 1910, with
enormous production, and copper at
l112 cents for lake, with lead 40 cents
but tin is fairly strong. The cotton
mills are producing as largely as cheap
cotton invites, and with moderate de-
mand print cloths are lower at 2.44 cents,
and some grades of other goods are
slightly reduced. Sales of wool for
speculation have greatly decreased, but
do not find that current
prices are warranted by their market
for goods, though it is strong and adj
Sales of wool for two weeks
have been "a 1871 600 pounds at the three
chief markets, of which Is 397 800 pounds
were domestic, and while quotations are
maintained large lots previously with
drawn by consigners are now offered.
The demand for spring goods is limited,
but the prices of some qualities have
advanced a shade further. There is
also some quiet contracting already for
heavy weights.
Heavy Movement of Wheat.
Wheat has been fairly steady but
moving more largely than last year
from the farms and from the country.
Western receipts were Is, 1877, 054 bushels
In two weeks of October, against IA
235,016 bushels last year, and Atlantic
exports 6,463,401 bushels, flour included,
against 4,747, S45 bushels last year; while
corn exports were 1862, 1897 bushels,
against 3,S09,925 bushels last year. Sep
TENDER exports of wheat surpass all
records, amounting to 25,S6S S3S bushels,
against 17,646,S15 bushels last year. The
price Of wheat has declined q of a cent
and corn l per cent. with the govern
ment Of a yield exceeding 1880, OO0. 900
Dur 2ls. Cotton has declined 3-16 to 6.31
cell for spot. some authorities of
reput' having published estimates that
the vie will be $500, 900 bales: but the
movement is yet retarded by the fever.
The failures for the week have been
223 in the United states. against 1928
last year. and thirty-six in Canada,
against forty last year.
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