The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-10-25
NEUTRALITY-SUSPICIOUS.
. o,or,ise To Be Large in the
NY Business World.
. PURCHASES IN MANY LINES.

,.,sle Goods the Rush of Orders Went
49, peyond All DistributiVe Demand IN
," Cation Declines Because oil
A"s ,.,,mates of Yieid-Situation I'm
Larse Trade-Exports of Wheat and
',our-Business Failures
york oct. 25.-R. G. Dun q
Nv ,s weekly Review or Trade says
~, the heaviest buying ever known
Ai''l branches during September
.hn first half of october, 1t was
Pnu tural and desirable that more
va neriod should give time Tor test
tbe size and temper of retail trade
Cor distributing part of the enor-
Quantities bought. In textile
~oods the rush of orders went iar De
"a al dlstributive demand In August
"a represented a great repienishment
N.,ots and the similar rush for goods
hoon eorrespondingly great in other
'aos during the past two months III
ond steel and in boots and shoes
.soro was actual danger or a specu-
IT,. imitation OF prices such as was
4, 1908 Int it has been avoided APP
.orsntlv for this season by the solid
'.nse Of leading men, who regard a time
ao,,narative quiet as essential to the
to- ard permanence of prosperity
,heir lines. AS the buying for re-
H,.risbment is partly satisfied and di-
rInishes there is some decrease in the
'omme of transactions, though at the
same time the working force has fur
.hor increased. the wares OF labor nave
hsan in numerous cases advanced, ana
,hs foundation laid more broadly every
Teek for larger buying and business
hereafter
Iron Trade Situation.
Tho iron industry waits because pos
sble PRODUCTION for the year has been
practically ordered, while neither buy
are nor sellers regard contracts at cur
rent prices for next years business quite
safe Bessemer pig is a shade weaker,
At 5000, and gray forge at $3.50 at
pittsburg. while billets are hard to get
Of anv price, owing to the stoppage or
onlv two works of moderate size, so
much has the current demand come to
exceed production. Sales of warrant
mig iron at Philadelphia 20 cents below
are not. in fact, a decline. New bust
ness in finished products is almost of
necessity smaller, since manufacturing
works are nearly all full for months
ahead. The plate mills at the west are
so full that they could not compete at
. all for three Rockefeller vessels requir-
ing $500 tons each. The demand for
bars is the best for a long time. and
contracts for the East river bridge, and
. for numerous new buildings and rail-
way bridges are pending. The coke
output has risen to las, 033 tons weekly,
and is the largest known for years.
| Anthracite coal is sold at $4.15 in New
| York harbor or 20 cents below the cir
cular, and conservative estimates make
the years output 40, 500, 900 tons. The
only noteworthy feature in minor metals
is a sensational collapse in lead of thir-
| ty points, with sales of 5000 tons.
Big Decline i'm Cotton.
The severe decline in cotton to 6.12
cents from S.25 Aug. 80 is due to wide
| spread confidence in large estimates in
| yield. A natural consequence was the
| fall in print cloths to the lowest point
in the history Of the market, 2.37 cents.
. Cotton goods generally are easy, with
limited sales Of staples. All wooden
goods are firm, but there is no new bust
ness of note for spring outside of dress
goods. Sales Of wool have sharply de-
creased again at Boston, amounting to
only S,O43,OO0 pounds, against over 10,
VOOOO pounds the last week in Septem-
Der, and the week there was the dullest
since Jan. I. Some large offerings were
made to realize profits before prices fall
but quotations remained unchanged, be-
cause even at half a cent decline buy
ers were not disposed to take hold. The
produce market acted with as little APP
parent reason as usual. Although At
lantlc exports Of wheat were 1876, COZ
bushels, -four included, and for three
weeks of October, 10, 309, 90S bushels
against 7142,24 last year, with western
receipts not half million bushels larg-
en- The price advanced 2k cents. Corn
with smaller receipts and exports bare.
quarter Of last year, declined g
small traction. The failures for the
week were PA in the United States
against pa last year, and thirty-six IL
canada, against sixty last year.
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