The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-05-09
STIMULATED BY war.
Existing Conditions Cause Trade
to Fairly Boom.
WEEKLY REVIEW OF r. g. DUN 4 co

~Poo."tions mat the War Will Not Last
Long Have Influenced All Markets
American Industries and Interests on .
stronger MISREPRESENTATION Advances
In Wheat-No Apprehension About the
Currency OF the Public Debt
rev York. May Or @. Duu =
Cos weekly review OF trade says. A
state ct war was % greatly dreaded
oy those who have seen nothing like
IL for more than thirty years that ito
coming has hurt less than its appre-
hension Especially since tho victory al
Manila. which indicated the superior
Wy OF the American navy. gun for gun.
expectations that the war will not last
long have influenced all markets. and
stocks have advanced the average of
prices for railroads $40 per share. The
general condition Of business has been
materially improved. One days work
by the officers and men at Manila has
given many days work to thousands
OF people at home of whom they knew
nothing and has placed all American
Industries and interests on a stronger
footing for any conceivable future. The
fact that gold Is now used almost sx-
eissively between the treasury and the
clearing house indicates the entire free
dom from apprehension about the cur
rency or public credit.
Sensational Rise in Wheat.
The most sensational of all changes
and the most practically important, has
been the rise in wheat-13 cents dur
ing one days session. 21ts cents from
Tuesday to Thursday night. and 251s
cente for the week-throwing into the
shade all past advances and all expec-
tations. though a reaction of III cents
naturally followed on Friday. Western
reeeipts. after averaging less than g.
500. see bushels per week for four
moRths. have suddenly risen to more
than s,500.000 bushels. Exports have
not been checked by higher prices as
yet but have caused them. amounting
for the week to 2,O94. $3.50 bushels, -four
included, against l,4s8, 167 bushels from
Atlantic ports last year, and 55s,S4S
bushels. against 9s,5Os from Pacific
tcrts. TAe remarkable rise on Thurs
day was largely due to removal Of du-
ties by France, and to the prohibition
of exports by Russia. both showing the
extraordinary needs abroad, so that the
rise q 25n cents for the week Is not
without excuse. Corn failed to advance
eorrsspondingly, though the exports
were 5000. 900. against 2,275,043 last year,
the aggregate since July 1 having been
ITS, e0e. 900 bushels larger than ever be-
fore to date. although wheat exports
have also been larger than last year,
far greater than in ordinary years, and
nearly the largest on record.
Stimulus to the Industries.
Industries have received wonderful
stimulus from the conviction that hos
Titles will not last long. and from
heavy government orders. Besides great
demand for steel plates and other iron
proHucts and ammunition, the govern
m eat has ordered 100000 yards wooden
cloths. Ia. 600 blankets, 5000, 900 yards
cottsu goods, and great quantities OF
provisions and other supplies. and
meanwhile reviving confidence has
mulsplied other demands. 1t is not
due to domestic conditions that orders
from the Russian government for two
big warships have been taken by the
Cramps, and orders for rails fran Mex
leo have given good start to the re-
blNlt Colorado works Four large mer-
chant ships have been ordered from the
Delaware works, plate mills are crowd
ed. and at the same time one establish
mont Car Y, the interior is bidding on
a foreign order for 5,000'tons, while ear
and peal works continue to receive large
ORDERS and demands for agricultural
imr,tenrents and fencing go beyond the
ability of works in some cCses
Larger Orders Received.
Textile establishments have been re-
ceiv,ng larger orders within the last
fSw days, outside those from the gov
ernment. 50 that the stoppage or reduc-
tiop OF time In four wooden mills early
in the week may have been premature
No decline whatever appears in the
priaes Of staple cloths or dress goods
ard the heavy auction sale OF carpets
WA eminently successful In clearing
off at fair prices an accumulation re-
sultine from an advance in prices las,
January which was not supported by
Semand. Wool has declined about hall
a cent IN April. taking the average OF
100 quotations by Coats Bros, and tine
better demand for goods has caused
more inquiry. but thus far no Improve
v,apt in prices. Print cloths have again
made a new low record, 1.94 cents. but
= better market Is seen for other cot
ton uroducts. Failures for the week
have been 2sS in the United States
AGAINST 22l last year, and twenty-five
g. c~nada against thirty-si last year