The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-01-17
1IyIyESS PROSPECTS.
War 1898 Opens with a Sat-
The ''i: sfactOry Outlook.
.rr,sD FOR IRON PRODUCTS

.,nes Indicate an Encourag-
RalrO'a The wheat Market Curl
ing me- - Atlantic Exports oil
Gus" ,.-spot Cotton Lower : Man", .'',
Grain-'r ,,,o Largely of ooi-Decid-
tur'r' n Demand for Mems Wear
- Ian. 17.-R. G. Dun ~
New ..elly review of trade says: Inc
Cos W. 0nened with a very satisfac-
year inspect uas 1t is all the better that
' 'e.,s Is no Wild excitement IN the spec
there markets and while stocks ad-
ula'l'' T,tle grain yields little. The
Van1 ami through the principal clearing
p passes, Notwithstanding a decrease At
HOu'' work.. owing to less ac-
Nc" l. stocks. are &c per cent. larger
w. w. IN 1892, and 1O1 per cent larger
'ns ..ds Of New York. The earnings OF
Ou'1 Az railroads in the United states
al -, for December, i3,S6i,279. indi-
W.. VIZ. substantially the same rate OF In
a..se exceeding last years by lO''
'i''ss and the earnings of 1892 for
pei 49,. 800 roads by 1.3 per cent. since
tne Sos IN the whole the most pros
I ..s year thus far. comparisons IN
p p'.o,e Notwithstanding the lowest
Us aver known, that the Voiuine u
pllI. .oss ,s larger and, in spite OF some
u.,,rg Of rates, the earnings or rail-
cu'uHe larger than in the best year
Of past history.
wheat Market Languid.
r.o vbeat market has been curiously
onuid. yielding a quarter OF a cent.
oi,houeh the Atlantic exports amount
sOEs 7SS bushels for the two weeks
', Yoruarv against 3,96S,S17 last year,
and Pacific exports for the week nave
hssn $40 .676 bushels. The western re-
oo,nts continue so heavy that with the
rreatest accumulation of wheat at chi
- aver known there is little encour-
.rorent for speculation. The receipts
~'oro 577 go bushels for the two weeks,
.cainst sO9S 6SS bushels last year. The
sorn exports continue large, although
not equal to last years, amounting 10
s1ss6SS bushels, against 4,l4S,652 push-
ale for the week last year, and the price
declined about q of a cent. Spot cot
ton is a sixteenth lower for middlins
unlands. mainly because of the stop
mage Of some mills by difficulty about
wages. But nothing is definitely known
about the quantity of cotton yet com
inc forward, and one report OF credita-
Bile character puts the years yield al
D57O.25O bales. though the results thus
far do not quite justify so large al
estimate
Iron Trade Thrives,
The iron furnaces in blast Jan. re-
port an output Of 225,60S tons weekly
against 2-6O24. weekly Dec. l. with al
increase of 1881 tons in the unsolt
stocks held by the furnaces. While thu
shows consumption 5215 per cent
larger than q year ago, there would
be discouraging Indications ofconsump
ton but for the fact that several fur
naces were stopped for the holiday!
and these. with several others, have
started since Jan. /, While demand 70
finished products does not diminish
The Pennsylvania road has ordered 100.
600 tons Of steel rails, and q new rail
road in Maine 1900 tons, and othe
orders for cars, railroad supplies, plates
bars, and structural material are un
usually large for the season.
Buying Wool Largely.
The wool manufacturers have beer
buying wool largely, and for reason
not publicly explained. 1t is eviden
that large orders have been taken b.
the leading mills at prices which the
find satisfactory, and the rush OF SINAI
mills to buy wool has made most o
the market during the past week. al
though the sales have declined about 4
per cent compared with those of tn
previous week But there is a decided
ly better demand for mems wear goods
and the makers look forward to a goo
season The cotton manufacturers hav
ing been overloaded by excessive pro
duction, find no increase in demand an
no gain in prices. The failures for tn
last week have been $40 in the Unite
States, against ass last year, and forty
nVe In Can0de Qrofnct cava-fU-npo la Z