The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-04-11
FHE VOLUME OF TRADE
10 Notable Diminution Is To Be
Observed.
EXPORTS CONTINUE VERY HEAVY.

FAR Talk Causes Some Uncertainty In
Some Quarters but the Producing Force
Ia Not Lessened-Exports OF Cotton Are
traordinary and Prices ON Wool AR.
Iower-Best Report ON Trade Disasters
for Five Years Iron and steel Industry.
I New York, April 11.-"When every
bdy is asking whether II is to be war
peace, the state of business is not
hsy to Judge. Since nobody can judge
xlst how wise bankers may be in an
Emergency, there is some uncertainty.
hat thus far scarcely any stoppage
hatever of manufacturing concerns
.pears. nor any indication that the
reducing force Is likely to be dimin-
HE'D. nor is any such symptom to be
zen in business reports. Evidence Of
kisting conditions it not confusing or
knfavorable So far banking conserv-
Xtism has not caused failures, which
bntinue smaller than for many years
in March, nor has IL caused stop
hge of any manufacturing concerns,
or lessened the volume OF business re-
'prted by railroads in tonnage or clear
bgs at principal points.
Heavy Grain Exports Continue.
Such is the view OF the business stu
HON taken by II. G.. Dun & Co. in their
eekly Review of Trade. The report
4ntinues
THE wheat outgo counts for much
BID continues. Atlantic exports having
Zen 2,240,172 bushels for the week,
gainst 1921, 122 last year, and Pacific
226,574 bushels, against 447, 5S5 last
bar. Since corn exports continue, s.
$50 bushels, against 3,323,277 last
bar, the strength of the demand is not
be attributed to speculative agen-
es. 1t is fortunate that western re-
kipts of wheat do not fall short of the
Extraordinary gain, but are still 1901
IS bushels, against 1.7S9,114 last year,
that the stories of the nearly ex-
busted supplies of wheat are fables
br children. The price rose steadily
bid closed cents higher for wheat,
5th corn 1 cent higher.
Extraordinary Exports of Cotton.
Pat the same time the exports OF cot
n are extraordinary, though just now
eferred by the caution which causes
*rger shipments by rail to New York,
stead of outside from gulf ports. For
ur weeks they have averaged nearly
45O0, 900 per week greater than in 1895
BIN the largest crop ever grown. in
bite of the fall In price, which has
BIT changed during the week in spite
many reports of decreased produc-
bn.
Pin such conditions heavy industrial
mands for a great force of operatives
I've been effective. The truth is that
9ery industry meets enormous over
DEDUCTION compared with correspond
3g demands in every other, year. how
yer prosperous, and yet nearly all are
eeping almost their whole force en-
Doyed and some are increasing their
)rces.
Lower Prices on Wool.
Fin one branch OF wooden manufac-
Re two carpet mills have stopped, or
Re about to stop. as it is between sea-
ms, but much complaint of cancella-
bn because of higher prices, and pos
bly, in some cases because of inferior
balities, has not been followed by re-
PCSu pIDuuCtiOu. safes VI WOOl are
Significant and prices have declined
cents for finer grades, and over 1
t in the average for all quotations,
3ly because spectators wholly un-
&restimated stocks held by manufac-
Drers.
In the iron and steel industry, with
mands greater than ever before from
2neral sources, urgent orders from the
pvernment enlarge work, but do not
vance prices.
~ Best Report for Five Years.
fDisasters in trade shown this week
/ separate branches of business for
e month of March, and also the first
barter Of 1898, make the best report
at has been possible for five years.
is interesting to note that nearly all
anches of business show surprising
Vement. Meanwhile banks are ex-
mely cautious, and commercial loans
e but 10 per cent. of their aggregate.
Pc belief that quick expansion in all
anches would follow greater liberal
7 and patriotism by the banks is not
polly unfounded, and the heavy re-
rpts OF gold from Europe count for
lie compared with the greater or |
hberality in loans by banks. Dis |
oance does not yet appear, however |
Lilures for the week have been 232 |
the United States, against 252 last
ar, and thirty-two In Canada, against
irty-six last year"