The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-12-20
THE WEEK IN TRADE.
Heavy Increase in Exports Is the
Feature.
LARGE BUSINESS FOR THE SEASON.

for the First Half of Deccmber-Ou tpu,
OF Pig Iron the Heaviest Ever Known
DIFFICULTIES In the Cotton Industry |
wheat Movement Is Heavy Demand for |
WOODEN Goods on the Increase.
New York, Dec. 20.-R. G.. Dun g.
Co.'S Weekly Review Of Trade says:
Close TO its annual holiday and halt,
the business OF the year is surprisingly
large Payments through the banks
are again 2,5 per cent. larger than In
1892 heretofore the year Of greatest
prosperity; the production OF iron and
woolens and boots and shoes is larger
IMAM ever before, the exports eclipse all
records, and Il = failures for two weeks
nave been The sms Hest for correspond
ing we, ks in I've years
The treasury ceip;s show a steady
increase for the hrst half Of December
over the previous months. both in Gus
toms and internal revenue, and heavy
payments to the government on Union
Pacific account caused but Slight
stringenccy in the money markets, with
preparations for large cancellation of
bonds. The most weighty news of the
week is the rise Of merchandise ex-
ports in November of $116,630, 299, the
excess Of exports in four months be-
ing $229, ZIP ,401, while in half Of Decem-
Der the exports are nearly as large and
the imports are $4,000, 900 smaller than
last year, when the excess of exports
was S5S, 205, 366.
All Records Surpassed.
Probably all records are surpassed by
the exports for this year, which have
been 1914, 1900, eco In eleven months, and
the excess over imports in five months
has probably exceeded $685.. 900. The
output of pig iron Dec. was the great
est ever known, 226.O24 tons. against
213,159 Nov. /, 1896, and 217, 1906 in No
vember, 1885, the highest point hereto
fore. Unsold stocks also decreased II
November 29652 tons, including con
sumption of about 100000 tons week.!
during the month. Bessemer declined
in the face of such production 10 cents
and gray forge rs cents at Pittsburg
The demand was, on the whole
greater, and unusual structural con
tracts for the season were placed, Wit
sales of 10000 tons of steel rails at New
York, the largest orders ever booke
by the Illinois Steel company, 1t is saic
and Unexpectedly heavy business i
| plates. Much buying also resulted fror
= expectation Of the wire consolidation
including 1000 tons Of Bessemer an
sc, 900 tons Of blllets at Pittsburg. N
y reaction comes in copper and export
for the month are estimated at lO,O'
> tons, and tin plates are slight
stronger. The coke production wa
b" 1874 1926 tons with contracts making IL
. the coming year at $3.50, and anthrs
cite coal was weaker. at 1913 here.
- Wheat Movement il Heavy.
Wheat is just now the backbone
foreign relations, and the Atlantic e.
g ports in two weeks have been, -four II
= cluded, 7.SS0,942 bushels, against
D. 41S.G77 last year. while the receipts ro
&c to I2,6OS,122 bushels, against $685.
Of last year. The price gained a fracti'
In In spite of the speculative decline
v. Chicago. The corn exports continue
le exceed last years, in two weeks bell
s. 6.2S6,S94 bushels, against 5,OI4,62o la
n. year, which is particularly signihca
or feature. The price rose but fracti
d. and the receipts in two weeks were
d. | O23 Dol bushels, against 5,449,lSl Ia
year. -,
The cotton manufacture Ia in dii
Guilty due TO the production last We
far in excess of the demand and TO
be martial transfer of the demand or sou'
n. ern mills. While domestic and eXpt
y, sales have been large, they are behi
ed q production exceeding that OF the o.
n, previous year northern and southe
Gu included. and the effort to stralSh'
=, things by a reduction or wages presu
- abIv involves q strike and reduction
IS: the output
i Lowest Ever Known.
ed Goods are generally weak, and
range of prices is now the lowest e
~ known, the reduction In pleacheu soo
- nrints and wide sheetings having eau
ok. considerable increase IN the uenla
US. The demand for wooden goods Is
ks, creasing, and some mills are In
vW market providing for a greater proc
u.s. ton. though most are still waiting
the wool market Is remarkably
sales al the three chief points be
:. IL. so7, 100 pounds, against ls,so4. ioo
sy. wear. 17,179,110 in 1895, and lo'eo4'io.
Co.. 1892 While prices are SAID 10 DE
md without change, manufacturers
ip- bunting for bargains and foreign "
an considerable quantity Is coming
me way. =
90 The failures for the week have o
Uep 900 An the United States. against
ar ,ast wear and twenty-eight in Cane
loo0 against forty-one last year.
700 Protest OF No Avail
vss Marquette, Mich. Dec. 2o.-f'