The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-06-06
TRADE CONDITIONS.
r..v Continue to Improve in All
ivy Directions.
, - s,cS OF DANGER APPEARS.

Tho Increase and Failures
toh" ,,,.r- Merchants Anticipa'e
0ro" -. Fall business on Record
.and for Iron and Steel Is very 1--we
c., prospects Exceedingly "oo"-
iron in the Price of Cotton
york June 6.-R. G. Dun a.
cos weekly review OF trade says
~" been the first full month Oh
o,nol war, the fact that failures III 'ha'
H''" ,,ore smaller, even though out
iiiV ,hor IN the corresponding month
~. '.oor and nearly 10 per cent. small
t~@' T., Nav. 1896. is somewhat en-
eo,raging, the more because a year aso
49, remarkable decrease In May gave
'"' % the heavy Improvement In
p.,ross which made the year so graft
49, t. general results. Large failures
oiybt in manufacturing, Tor W.
sh5OOO. this year against .hir.eeh' ioi
% oe5 400 last year; and in tradins nVe'
s- seoo oOO against ten for $l,576,o71 In
.oo, hesitation in extending usual
io ,,.s coon after war began naturally
sea,ad weak more than strong con-
GU but IL soon gave place to steady
eeiH' ,ncreaslng confidence. Wheat
.sronned "a cents from the hignest point
{. Ger the May deal eliminated ana mas
- haen weaker for July because or
oornts promising an enormous yleid.
predict 100000, 900 Bushels.
rOosa who were nearest the truth last
now nredict about 100000 900 BUSH
els for 1898, and all accounts MAKE acie-
age much larger and cond'tiohs Hucil
a METER than year ago. But with si.io
Ietnl paid for No. red In elevator anu
a foreign demand taking 4,294,4sS pusn-
Gle -four included. from Atlantic ports
Cor the week. against 2,165,7S7 bushels
last wear and 3S5, 439 bushels from Pa
c,ec norts. against 1929 bushels last
year the decline evidently hastens the
marketing of surplus and gives the new
8oron better chance. 1t Is not less sur
rrising that western receipts for the
wool, were 4.263. $50 bushels. against q
Oqa 795 last year. although the crop has
been by sone supposed almost exhaust
cd and corn receipts were also 7,O76,49l
bushels. against 6,116,523 last year. Ex-
norts Of corn for the week have been
4SS1. $40 bushels, against 1,926.566 last
g;year. and for the first time In history
exports of each grain have about
2OOOOO.OOO bushels in the same year.
- Drop i'm Cotton.
OF all the great industries, the cot.
ton manufacture only gives some signs
Of shrinkage. cotton having dropped 6
sixteenth during the week after rise
4, in goods averagin s,sor the month abou'
vi per cent, 4hus i~ldering the market
ing of accumulated stocks somewhat
more difficult. But print cloths have
advanced and in most staple goods the
demand is improving. Wooden mills ar,
encouraged by a somewhat larger de
mand for goods, in part from govern
ment orders, and are averaging abou
per cent. better prices for goods thai
q, month ago. There is not much de
mand for wool, which is still held in TIT
main above the views of manufactur
ers, and prices have declined an average
of half a cent for the month. The irol
and steel manufacture leads all other
in gain over previous years, It's con
sumption Of pig being apparently NOR
than million tons per month, or 22S.
\ , 600 tons each week. against 170,7s0 ton
per week In May, 1892, an increase 0
1875 per cent. ae3 liE
Crowded with Business.
Works beyond the Alleghanies ar
crowded with business, and, while som
eastern concerns are running part time
mostly bar mills, the government de
mand is felt most in this section. Abov
= all others in significance is the who'll
unprecedented demand from agricul
tural implement works. which throw i
the shade all their past orders. Will
the plate and rail manufacturers ar
beating all records, partly with fereig
orders, one for Canada having. bee
placed at Chicago for 1900 tons
4. structural work Is heavy, the west fur
~ nishing large share of 1t, and In shee
bars and rods for fencing the order
are large. Prices Of pig iron have bee
somewhat strengthened by enormou
buying orders for Bessemer and basi
al Pittsburg and Of charcoal at Chicag,
Failures for the week have been 222 |
the United States. against 241 last yea
~ ana sixteen in Canada, against thirty