The star. (Reynoldsville, Pa.) 1892-1946, 1897-06-23
TRADE ENCOURAGING,
Bright Prospects for an Improvement in
Business.

New York, June 49, X. q. Dun Il
Co.'S weekly review of trade reports:
The rctarding influence of cold and
unreasonable weather has passed. The
gain In business In spite OF II was seen
week ago and has become clearer to
all. AS no genuine Improvement eyer
begins with AN uplifting ot prices be
fore the producing force has become
fairly employed. this does not and the
buying ot 7,0Gs bales Australian wool
by one Bosten house and 100000 tons
pig iron by ~ Wall street operator,
ana advancing prices for stocks are
the only proof that the actual condi-
tons are understood by some capable
men. There liz evidence ~ gradually
enlarging business In every important
department. move establishments have
been set st wort and more hands em-
ployed, and while prudence still him
ders speculative excesses. the progress
toward better things Is unchecked. Re
ports from the various cities this week
show very generous prog ipss. and ~
continuing large distribution through
retail trade.
rh" proof Is cfearer. as ~ should he.
In the Industrial than In the trading
Held. Contracts providing for con
sumption of 1000. 900 tons iron ore have
already been made, 2.0OO,OO0 within the
past fortnight, II Is believed though
last years contracts only terminated
about two months ago. Bessemer ore
Is selling lower by 20 to 80 cents than at
the outset Bfwabk at s. % against
" -. buh the heavy demand puts addi-
tiOnal mines at work. The speculative
purchase of 100000 tons southern pig
at 80 10 clears the deck ifJr 10 langer
business at better figures and sales at
Chicago-l50.0 900 tons-have been the
largest for eighteen months. Reaction
after the sudden purchase Of $1,000
I,gSSgInpT
price 81 ~ per ton. but heavy orders for
bars ther" and for 10000 tons at Chi
Cago, mainly from implement makers,
with orders for many new buildings at
the West. one of magnitude at Phila-
dolphin and several at New York, the
larger demand for plates and sheets.
the order for 90 miles of pipe, and the
purchases Of steel rails which have
started the new Joliet works with good
orders are far more important than the
speculation In materials
Coke production has increased $500
tons, nearly i-2' per cent. without
change In price Tin is stronger at ~
81 cents, and the copper output in
Nsy. larger than in any other month
this year. has not yet lowered quot
ations. while lead is stronger.
In produce markets the year draws To
a close with slightly stronger prices for
corn. owing to heavy foreign buying.
D
demand. Notwithstanding more encour-
aging crop reports. Nobody can count
bales. Wheat has hoisted nearly 2 cts.
favorable that few make large ventures
against the yield exceeding 5000. .000
bates. Wheat has nearly hOisted 2 cts,
but fell about as much. closing Ia cent
higher for the week. in spite Of reduced
western receipts and Atlantic exports.
Except reports from winter wheat
/ regions west Of Ohio had much influ-
| cnce. but still more tn" great hut real
| ~ unknown increase of spring wheat
| acreage with exceptional prospects thus
! far In two weeks of June Atlantic eX
| ports of wheat and flour have been
| equal to 4,s97653 bushels. against g.
| 2l0.S2@ bushels last year.
Failures for the week have been 1873
| in the United States. against 276 last
| year. and in SO in Canada, agafns, ss
| last year.