The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-01
TRADE WATTS
Dealings Are Delayed by the Un-
seasonable Weather.
BUT BUSINESS CONTINUES LARGE.

The Outlook as Reviewed by IL. G. Dun a.
Co.'s Mercantile Agency-Heavy Engage
ments of Outgoing Wheat Are Noted
Cause of the Decline in the Price of Cot
ton-WooI Sales Fail Of-The Iron Situ-
ation-Failures.
New York, Nov. 1.-R. G.. Dun &
Co.'S Weekly Review of Trade says:
The testing of retail trade is in prog
ress, but results are remarkably re-
tarded by long-continued mild weather
and also by the fever in the southern
districts. Even from that quarter some
large orders lately received show bet
ter distribution than was yet expected
In spite of unseasonably warm weather.
which greatly hnders retail dealings in
winter goods at all points east of the
plains the large number of supple
mentary orders. with urgent pressure
for quick delivery make 1t clear that
the sales in many branches have ex-
| ceeded the expectations of dealers, so |
| that replenishment of stocks Is not yet |
| finished. Meanwhile wholesale trade |
| and orders to manufacturers have been |
| smaller than when the rush was great |
est, but have, nevertheless, been large
| for this stage, even in year OF general
prosperity. for the payments through
| the principal clearing houses have been
for the week 3.9 per cent larger than in
| the same week Of 1892 and for the month
6.1 per cent.
Wheat Exports Large.
Heavy engagements for outgoing
| wheat covering 100000 bushels this
| week affect monetary prospects, but
| still more the produce markets. for the
| Atlantic exports are large. already 3-
| S64, ,649 bushels (hour included), against
| 2,344S S44 bushels for the week last year
| and In four weeks 1904, ,557 bushels,
against 9S1705S bushels last year
Western receipts are not quite equal
TO last years for the week, but have
been q, ,969, ,2SS bushels for four weeks
against 2S, 756, ,644 bushels last year. The
market advanced 2h cents, with No.
| red actually sold above 81 here. While
speculation at ST. Louis is pushing
prices yet higher The possibility that
| foreign exports may be checked is not
| TO be overlooked, but the heavy engage
ments besides exports for four months
| past prove that foreign needs are real
| and large. The corn movement was
J smaller, though exports fell only 100000
bushels below last years and the price
advanced but slightly.
Cause of Fall in Cotton.
, The fall OF cotton for cents for spot
and 5SS cents for January, making the
; ] price the lowest since March IA, 1898,
! and not p cent above the lowest for
| nearly half a century, is partly due TO
| embarrassments caused by the fever,
but also indicate the prevailing belief
J that the quantity TO come forward is
, large. For two months more cotton has
! come into sight than from the greatest
J crop ever grown, in spite of delays
, I caused by quarantines, but the unfa-
y | vorable conditions about the time of
. maturity render ii less likely than usual
p that the top crop will be satisfactory sc
a that receipts may drop off earlier thar
h | usual On the other hand, II is to be
y noted that extensive labor trouble:
: threaten the manufacturers in England
= while the lowest price ever known mere
I for print cloths reflects a heavy accu
n | mulated stock of other goods as well
n ( The increase in production by the mills
v I has been over 40 per cent in ten years
+ far beyond the increase in population
II and they consumed also as much cottol
v in the last crop year with MATERIAL!
! diminished demand for goods. in th
most prosperous year heretofore.
Wool sales Fall on.
=. The wool markets have become quiet
Instead Of 100000 pounds reported
- sold in Boston in the last week of Sep
. tember. 100000 the next week, 5.6OO'OO
= the second week of October and 10000
the third week, sales have been but .
IL I 10000 and at three chief markets o.
lie 231, 300 making the aggregate for TN
pna niNN-N
1T J 66 .OOO. 900 pounds in September. Price
rs are said to be well maintained. thoug
IN to 9 cents below former asking prices
J. but occasionally heavy sales indcat
n. concessions for liquidation of specula
rd tive lots. The market for goods is no
ly | active. as prices have been SO far ad
lg vanced as to hinder buying. in man
VS. cases Intentionally, until the future
Ill more clear, and the mills have ahea
pc quite as large contracts as they now de
IL sire.
as The Iron situation.
by The buying Of iron and steel products
". | though smaller than Of late, continue
ed 10 keen works well engaged ahead, an
of | induces others TO resume operation
to | Roth BUYERS and manufacturers hnd
n prudent TO limit engagements aheaC
n and the period of adjustment VIII max
ng the industry safer for some time !
Lr- come. There is great pressure for speed
ed deliveries. but in bars and wire som
I'm abatement Of demand. with slightly low
en- er prices for nails. Tin is little veal
is err and copper at IL cents for lake. an
ay comuetition Of home producers lower
ST. tin plates to $SlO. The coke output
larger. 149, ,55S tons weekly, but anthr'
cite coal is weaker. being offered hel
~ sAO5 against S4.35 named In circula
The failures for the week have been 2
Ia in the United tSates against 21O la
Tor wear and twenty-five in Canad
led | SN".' -. -