The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-01-24
FTSyESS IS BOOMING,
,.,,,,, Reported Unusually large
F'u'"' ror the Sesson'
..,,,er PROSPECTS ARE BRIGHT

r.ads as Reported by *. q
Coud'"o' -. Commercial Agency-f"''-
Dun : Considerably smaller Than Ever
s's' at This Season beiore--An -
kn0s r,n, Gain shown in Railway Earn
GU Iron Traffic Heavy
u" vort Ian. PAR. @. Dun 81
New r,asSly Review of Trade says;
Cos WI a'.,rme Of business remarkable
WIN lime of year, SS per cent larger
foI w GEAR ago and 1914 per cent larger
tnan 1902 in payments through the
'nsr ting houses, it is not discouraslns
ea'"o s or two industries are tagging.
lna' s ~" for most goods Is heavier
Inc season. manufacturing works
lo :. hotter employed and more orders
y. hooked, and the prospects ior 'he
are 80 ars more encouraging than at
lu'us .sor in any other year OF which
"n.,lv definite records exist the ex-
esrts Of products continue surprisingly
IN spite of some rise in prices.
n.a" ,roosnry receipts from customs
Inc ,argsr in twenty days of January
wee - the entire month of October or
November, and apprehension regarulns
W. monetary future is no longer rei'
."tsde of speculative circles.
Smaller Than Ever Before.
~ ,ofpres are considerably smaller
,,sr were ever before known at TINS
saason both banking and trading peins
49, than half Of last years. The rail-
va Earnings in January thus far re-
80 have been 17.6 per cent larger
,S.r those of 1892 The rise OF wheat
.sova q in regular sales was not ac-
lsompanied by signs of speculative ex-
Element In fact, the continuance OF
Extraordinary exports, 2,94o,7Ob pusheis'
sour included. for the week from At
ion,,c norts. against 1,573.215 last year.
and for three weeks, 9.0O2,4sS pusheis'
against 6.559,532 last year, besides
/ 0gs $40 from Pacific ports for three
weeks, would give an excuse for high
A,rices even If the corn exports were not
Enough TO suggest great foreign need,
.mounting 10 9,270,1S9 bushels, against
|,o ia 2s3 for three weeks The fact that
|cargoes of corn were shipped during
The week to Egypt and Russia. the very
countries upon which Europe most re-
lies for breadstuffs next to the United
Estates. affected trade not unreasonably.
Iron Traffic Heavy.
lust when the unprecedented produc.
|ton of pig iron was causing weakness.
Extraordinary demand for finished
products appeared. For this season, at
least, the general demand Is beyond
precedent including 10000 tons steel
rails for the week, and 100000 already
eAs year, orders for plates being 30
Zarge that the Pittsburg works send
away some to the other concerns, being
unable to fill all they receive; orders
|for bar are such that many concerns are
|obliged to refuse more an excellent de-
mand for sheets, and a fair call for
structural forms. Nor does this de-
Inland spring from efforts to combine
&he makers OF wire and it's products
yAnd makers of tin plates. The prices Of
all finished products are sustained by
the demand, though Bessemer pig is 5
cents lower at Pittsburg, but pig at
Chicago is strong, with some produc-
tor of finished forms delayed by Its
scarcity. The great strike of opera
tives in the cotton mills Of New Eng
\and seems as convenient to the mill
Owners with their heavy stocks unsold
as II they had ordered it.
Wool Markets stagnant
Probably it will last long enough to
work off the stocks, and the print cot
ton cloth is already about per cent
stronger, while slight advance is not
LED In some other cotton goods. With
very stagnant markets for wool, the
|Sales amounting to only 1896. 200 pounds
at the three chief cities, which reported
over lS,6OO000 in one week of Septem-
Der and 66,5OO,OO0 in four weeks. the in
quiry for round lots is mainly for three
elghths and quarter blood, suitable for
eheviots but has resulted in little deal
kng' The mills have taken satisfactory
frders for such goods, probably not
|sithout Knowing where they could get
.ne wool, and the goods movement Is
distinctly encouraging. though the quo
lations of the high-priced heavy weights
are sui deferred. But large business
TOT the coming season Is already as
sured, according to reliable accounts
.enutled to confidence. The failures
|Mr the week have been 374 in the
united States, against 400 last year,
ana hfty-three in Canada. against six
ty-five last year.