The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-08

UnseasOnaDie weather mas an h>hece '"
Restrict Sales, but This Applies to Com
paratively Few Lines-More Big Works
Join the Active List-The Advance in |
wooIens Arrested - Another Rise In |
Wheat Above the Dollar Mark.
New York. Nov. S-R. G. Dun & |
Co.'S weekly review of trade says:
Stronger proof of the great change in
the condition of business could not be |
given than is found in the detailed re-
port of failures by branches Of business
: for the month of October. Though
.swelled by few large speculative or
brokerage failures the aggregate was
smaller than in any other month for
more than four years, except in July
and August and one month in 1894. The
manufacturing and trading failures,
81, 1875, ,199, against $7,S30,S1l in Septem'
ber and $7,76O, S35 in August include ono
for 81, 100000 having no relation to the
present state of business.
During the four years iron manu-
featuring failures have not been smaller
except in one month, wool manufactur-
ing, except in two months leather and
cept in four months. and cotton manu-
featuring. except in six months. Or
| trading classes failures have never been,
smaller in groceries. jewelry. and books,
except in one month; in clothing, fur
| niture and unclassified trading. except
| in two months, and ten manufacturing
| and eleven trading classes out of four
teen each have never reported smaller
| failures in a third of the past forty
] eight months.
Can't he Mistaken.
b.. Improvement so general with re-
markably low average Of liabilities IN
most classes has a meaning which car
| not be mistaken. The quiet following
the great rush or orders and purchases
for oyer two months is still increased
in many branches by unseasonably mild
weather. and vet the mills are obiget.
to refuse many orders because unable
to finish previous engagements soon
enough. 1t is in every way fortunate
for the industries and the would-os
buyers since speculation would other
wise advance prices so as to make re-
action improbable.
[ More works have Joined the active list
including some long idle, and the pro-
| duction in iron manufacture isthe great
| est ever known The output of pig iron
| exceeds the demand, which naturally
| diminishes near the close of the year
( and prices yield slightly, but the con
sumption is kept at the maximum DA
/ ! pressure of orders which the works ar
not able to fill fast enough. The I'LL
| nois Steel company, shipping 5,OOO ton
| of finished products per day. is behind
| Eastern and western orders accumulat
, ! for railway materials. for cars ant
bars. for ship plates and structural
Il forms. Cotton manufacture is doubl
! hindered by decline in cotton and b.
. J accumulation of goods with slow dis
l ! tribution, so that print cloths have fall
( en- to 231 cents, new low record, an
= staple goods are sold at concessions, a
;. | averaging not per cent. above the low
est point.
Advance in Woolens Arrested.
In wooden goods advance has been al
rested by doubts about the future maj
ket for goods and cost of wool, whic
has advanced slightly in Octobe
though heavy sales to take profits al
reported a few at Boston, coverin
5,OOO,0 900 pounds this week. The mil
l. have all they can do for some time an
= the opening of the next season may
! deferred until the future can be MOI
accurately judged. Cold weather
;, ! greatly needed to hasten distribution
= = | textile goods and to provoke indict
tions of the future demand.
Another rise in wheat lifted the pri'
= above 81, but profit taking speedi
caused reaction. and the price close
21h cents lower for the week. Receip
were about !, 900, 600 bushels larger ths
last year, and Atlantic exports, flol
included. were 3,2s7, ,536 bushels. again
D. l. .S62. .5S3 last year. Exports in Octobe
as in September. were heavier than
& ! any. preceding month and after gloon
J. reports of the condition of winter whe
to extensive rains have caused materi
"a | Improvement. Corn has grown stron
er in spite of the course of wheat, al
authorities much credited estimate &
Oh yield at 1,S2S,OOOOO bushels. whi
~ would hardly permit continuance
le heavy exports in place of wheat throui
III the year. Cotton has not lifted abo
ie 6 cents, and the accumulation and d
Vi clining prices of goods, with the som
| what increased prospect of extensi
es stoppage Of English mills, cause !e
speculation than usual.
CT Failures for the week have been
op in the United States, against 2SO 10
ne year. and thirty in Canada. agair
n ffty-two last year. - -
f-r ~" Activity at the Navy Yard.
IL New York. Nov. S.-The Brook
navy yard is active ard work on all |
.