The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-22
WELCOMED BY TRADE.
Colder Weather Has a Good Ef.
feet on Operations.
WEEKLYREyIEw OR. G.. DUN & CO..

All Signs Tend to Strengthen the Conf
dence of Business Men in the Outlook
Output of Industries Is Notably Larger
Heavy Receipts of Cotton-AtIantic Ex-
ports of wheat-The Wooden Market
Embarrassed.
New York, Nov. pr. c.. Dun G.
cas- Weekly Review of Trade says:
II the markets and all the industries
are working toward the period of
Thanksgiving, of stock taking. and of
holidays. Colder weather has done
much to accelerate retail trade, so great
ly delayed IN many lines by unusually
mild and open weather. The production
increases on the whole, and many man
ufacturers are unable to take all the
offers while others are committed as far
ahead as they are willing to be. The
output in several great industries is
considerably the largest ever known,
and the confidence of the great business
next year is undated. Hesitation in the
speculative markets is in part because
an immense capital has been turned
from them to investment in productive
enterprises.
Wheat has advanced cent during the
week, and small fluctuations have been
due to reports about Argentina rather
than to the heaviest exports ever known.
The Atlantic exports, -four included.
have been in three weeks of November
9,797 1863 bushels against 6,052,10 bushels
last year, and in the crop year thus far
over 5000 900 bushels, while the west
ern receipts have been in three weeks.
q, ,203 $50 bushels, against IA, ,796sSs bush
els last year. The corn exports have
been 7,O1O,O14 bushels, against 644l,66S
last year.
Heavy Receipts of Cotton.
Cotton declined to 5.S1 cents, with
heavy receipts. but closed at 5.S7 cents,
with better foreign demand and with
frosts which lessened the prospect Of a
heavy movement later. Iron products
J have changed but slightly in price, with
wire nails and rods a shade lower and
| while the consumption Of pig is the larg-
est ever known. works in some branches
are receiving orders equal to their out
put, while others have orders so far
ahead that they are unable .or unwill-
! ing to take more There is less activity
| in bars at the east, but a healthy de-
|
| car building, and other uses, and rails
! are in larger demand there. while'some
| eastern works have recently taken or
| ders for months ahead. Sheets are ac-
| tive. and competition reduces the price
| Of tinplates little further.
GRAY forge is slightly lower, with
| eastern and Chicago prices of pig un-
changed. Notwithstanding the great out
| hafn -
| duced. The coke output was 150,5S7 tons
! for the week, with furnace selling al
| sl.75 for the rest of this year. Anthra-
| cite coal continues weak, the production
| In October having been 5,120,000 tons.
| Tin is sustained by large consumption:
! lead is a little lower at 1915, and break
| in spelter has reduced the price at Puts
burg to s4.O5.
Weather Retsrds Orders.
The wool market is embarrassed by the
DELAY Of winter weather, which retards
! orders from clothers, although most
! works have enough for some time
ahead, and while cold weather and ac'
tive retail trade would quickly bring q
| change. the prices of wool are so high
that some mills have stopped part o1
their looms. Cases are mentioned OF
mills which could realize profit oi
from 5000 900 to 100000 by selling the
wool they held, but can expect none a
manufacturing at current prices. The
wool markets have become stagnant
and sales are almost wholly to realize
speculative profits, amounting at th'
three chief markets to only 4,2l3.oo'
hounds for the week Cotton goods con
tinue weak as raw material declines
and goods are rather lower.
The failures for the week have beer
OCT in the United States, against 1884 las
wear. and thirty-two in Canada, agains
forty last year.