The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-01-10
'THR BEST EYER KNOWN
49,. Record for the Year Just
- Gone BY.
,,rrrrY REVIEW OR. G. DuS& co.

,.ca, with Disappointment Tor
ne" - I'm Stocks and GRAIN VINO"
sp' Rad sign Unusually Large
n.,ctIons in the Iron bus'nesS-.o'
49, . disappointment to M"ny-''
No. ""v,nr wool-Exports of Wheat
Now York, Jan. iO.-R. G. Dun q
weekly Review of Trade says,
20 s.urres 1897 was not only the best
)" .,nca 1892 but on the whole the
tt,,st ever definitely known WI" 80 30,
81 e,uuros in number lib per cent
.sor 1886 and $lS2, $751; III defaulted
A .'sn,t,es "a per cent. less than 1885,
oor,s banking failures counted for
Doc 9ls ZOO. and the commercial failures
10 but 1851, with liabilities Of slb4'-
4 oo o7t THE average per failure was only
80 ,he lowest ever known except
IJso9 But even in that year the fail
res during the last half averaged ma
k,u,ties Of S1O,477 per failure, while In the
-, hoIf of 1897 the average was only
$o zoo The returns by branches OF busl-
~ chow that in fifteen out of twenty
bree classes the failures were lower
4ban in any previous year or which
[r,x,e is a record, with an especially
80 decrease in the great number oil
!,rcIassi6ed manufacturing and trading
Failures.
BEGINNING of the New Year.
Moreover. the year showed a remark
II HE decrease. as some other prosperous
xears nave shown an increase, compar-
IA the second with the first half. The
Z wear began with disappointment
For speculators in stocks and grain.
(which Is not bad sign. The prices OF
stocks have gained a little, after yield
4 ng at first, and close 7S cents per share
higher for railroads and Sl.O5 per share
higher for trusts. Wheat declined Ia
rents owing to the termination OF the
coner at Chicago, and western receipts
III ke about double last years with At
: antic exports 2,S4O3 1S bushels, flour in
kluded against 2,150, 900 last year A
kpeculative estimate makes the quaint
Nv still in farmers hands 40 per cent.
|the consumption and exports in half
the year ought to take more than 40 per
csst Of the years supply. a fleet OF
vessels is reported at Baltimore, or on
|the way thither for wheat. The eX-
ports of corn for the week fell below
last years although the western re-
feipts are unusually large, and the
price fell but % of a cent.
Cotton disappointment.
Cotton was a disappointment to many
h fuse II did not change at all in spot
price, although the accounts of re-
ducton in wages by New England
works warrant the hope of larger con-
sumption. Cotton manufacture is a lit
tie encouraged by the larger demand
for goods since the reduction In prices,
and the abstenion of buyers for months
past has probably been due in large
tsure to expectation Of that reduc-
lion. Aut with the certainty that the
print cloth works are to continue prices
have further declined to ZIP cents. The
Eoolen and worsted mills are both buy
ing WOOL largely at prices probably
flose to the best, for reports which de-
flared there were no concessions a
hQnth ago are now rejoicing that the
Y Sedness in prices has passed away.
behlnd all the market reports there is
me fact that the consumption of wool
has for about five months been the
largest ever known, and the buying in
licates, as does the demand for such
neavy weight goods as has been
opened, that a satisfactory half year
2 expected. The prices so far paid are
~ to he from 20 to 30 per cent. high
n than year ago. with wool from so
o W per cent higher.
Unusual for the Season.
The manufacture of iron has been
urther encouraged by unusual business
or the season, including a large build
hg contract made, and others for
'iXges pending at Chicago. a sale OF
s@NOO tons of pig to one pipe foundry
II the east, and a contract for two ves-
els OF 1900 tons each at Cramps Yards
mo u contracts for $500 tons hoop at
>ew York, the 500 for Mexico. The
rices are generally unchanged, though
lie eastern works have advanced struc-
urai beams cents, to s1.15. Pig is
with fairly large sales. The
.oIoie supplies Of tin are 29,S55 tons,
sdihst 1882 tons year ago. with 1877
81 enIs quoted, and with exports of TO-
70 tons of copper in December ora
, ,,.. IONS Tor the year. IL cents is now
ir"e ,or lake. The coke output con-
uns heavy, and the output of an
.laclte coal was 41.2O5, 600 tons in 1897.
ssh the consumption was about g.
,t' ~ IONS smaller, and there are sales
0O per ton here. The failures for
nc week have been 800 in the United
go against AL last year, and in
anada thirtY.trvn nnaI....