The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-06-05

Dun Sees slow but steady cain-Drad-
street Disappointed.

New York. May pr. q. Dun & Co..
In their weekly review OF trade, say:
people are actually doing more business
thar they realize. They reckon by valuca
but these are much lower than IN any
previous year OF prosperity. and leave lit
tie margin for profits. In quantity, there Is
almost as much business being done as in
the years OF greatest prosperity. and
though the increase IN population would
call for material expansion. the compari-
son Is not discouraEing. Tho recovery Ia
slow. hcsitating and gradual but more
has been done on the whole I'm May than
in April. while returns OF April showed
the volume OF business only ten per cent.
smaller than that or the best year hereto
fore. Yet hesitation Is doing it's work
every week, and multitudes are waiting
because OF possibilities at Washington. who
ought 20 be nlling the demand for labor and
the products OF labor.
Events have proved that the crop or
wheat going out is much larger than any
OF the markets expected. and western re-
ceipts for tho week were 30 per cent. larger
than last year. while Atlantic exports have
been for four weeks G.315.3 go bushels. -four
Included, against 4.9SS.TT last year. De-
sides the outgo OF corn largely taking tho
place OF wheat IN foreign consumption Is
far beyond precedent or expectation, and
FOR four weeks has been 9.360o9l. against
6O01, 9S5 last year. With liberal interior
supplies the price has declined a fraction.
Cotton Is unchanged. although at this sea-
son exports were insignificant
1.-THE iron manufacture gains In spite Of
the closing OF some furnaces Tho produc-
ton OF pig exceeds consumption, and is
somewhat decreasing. while the corsump-
ton has gradually gained, this week, IN
part because OF several structural con-
tracts. and I'm part because the agricultural
implements works have made larger de-
nands, and also because OF the proposed
leasing OF nearly all the rod mills in the
country. which has caused some buying.
Failures for the week have been PA IN
the United States, the smallest IN any week
since September 1856. against 239 last year.
and % In Canada. against 20 last year"
Bradstrcet's says:
Results OF tho spring trade In staples,
which Is now over arc disappointing. The
volume OF seasonable merchandise distrib-
utcd is less than expected, without taking
into account an Improvement In business
compared with n year ago. Nearly all
central. western and southern trade
ccnters report business very quiet. Dry
goods continue depressed, cotton products
selling with difficulty. some varieties only
on concession.
"The moro favorable features are relative
activity among wooden goods manufacture
crs who are working on old ordcra: inn
continuance OF the comparative activity
on the general demand At Savannah, Mem
| phis, st. Louis, Omaha, Sioux Falls, MIN
ncapols and ST. Paul, the better demand
for lumber at the west. and Ia the trade
outlook I'm Louisiana, Mississippi and Ar
kansas. Increased exports arc reported
| from Pacific coast ports. but there Is COM
| paratively little cain In domestic trade
here, except IN cattle. wool and hardware
i Ct Portland"