The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-05-23
|ADB QUITE LIVELY.
tern Timidity Outweighed by
Western Prosperity.
CONTRACTS ARE RELEASED.

peopIe of the United states Growing
c,,.,omed to War Possibilities Rail.
Earnings and Business Transactions
nv Gains Greatest Output of Iron
er Known-TextiIe Works Doing
tter Business---B business Failures.
Nv York, May 23.-R. G.. Dun &
weekly review of trade says:
Wing accustomed to war possibili-
which are mostly far from proba-
les of evil. and finding the nation
ing along steadily in its industries.
he are grasping the idea that 1t is
living away some months of active
profitable life TO wait until war
IDS have passed. Western prosper
has so greatly overbalanced timid-
LII eastern capital that actual bust
! done increases, railroad earnings
mise better for May than a month
for April, and payments through
4ring houses for the week in Nav
I'm a gain of 36 per cent over last
\ and rs per cent. over 1892, while
konth ago the increase over last year
1876, and, compared with 1892, there
! decrease of 10 per cent. Several
he contracts kept back for some
kks because of hostilities have now
Id placed, and, instead OF works clos
or reducing force, returns show
starting of some works long idle
! increase of force or of hours, at
|ers Government work occupies
by establishments, but it counts for
he compared with other demands.
West Assures Prosperity.
|he key of the situation is the pros
hty OF the west, which altogether un-
|cedented marketing of breastuffs
caused, with the prospect of good
lbs to come. These prospects, and
hal receipts of wheat amounting to
Is, 7l6 bushels for the week, against
g, 1863 last year, with advances also
other grain and cattle, have pro-
led demand for rails, cars, car ma
ials, fencing, agricultural imple-
hts, boots and shoes, and all textile
,ds, which was not anticipated from
tern indications. Exports of wheat
not diminish, but in three weeks
m Atlantic ports, flour included,
ye been 7.955,5S6 bushels, against A.
ZAP last year, and from Pacific ports
S,l23 bushels. against 61O637 last
IT. The price of May wheat fell 4ls
is on Saturday, rose cents to Tues
/, and closed So cents higher for the
sk
Advance in Bessemer Pig.
D iron. Notwithstanding the greatest
put ever known, the demand had
sed slight advance in Bessemer pig,
h only a slight decline in the price
gray forge at Pittsburg, but full
stations are obtained at Chicago and
rkets are dull, but at the west are
ongly sustained by demands for car
lding, tin plate manufacture, and
er uses. In plates and structural
ms all the works are fully employed
generally crowded for months
ad. One contract for 5000 tons ar
r plate for Great Britain has been
en- by works far inland, with an
er Of smaller quantity, showing that :,
export demand, in spite Of higher !,
an freigt is, is not yet arrested. Tin !
ustained at las cents by large con- J
lption, and lake copper at IL cents.
spite of American production
to 22.909 tons for the month,
Ter cent. larger than last year, with
light decrease in the production Of
ign mines.
Textile Outlook Improved.
he textile works are doing rather
the cotton mills. in spite
their overproduction, for some of
e Importance have recently started
print cloths are a sixteenth
ler Numerous wooden mills have
4 pushed to new activity by gov
nent orders. and prices for a few
les Of goods are better. with
niger tone in the market generally,
ough some mills Of Importance have
ped, as their orders for the season
e run out. While sales Of wool are
liz, 33S.900 pounds for the three
ks past. against 279S6,700 last year
e manufacturers have ample stocks,
ough some are obliged by govern
t orders to seek in the market
les Of wool which they had not ex-
ed to require.
lilures for the last week have been
n the United States, against 24S last
:. and Twenty-Five In Canada,
inst thirty-seven last year.