The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-07-18
CONFLICT AND TRADE.
Former Has but Little Effect Up
on the Latter.
WE'RE A WORLD IN OURSELVES.

The United States Can Rise Above the
Panic of War Wheat Prices Decline ia
Anticipation of Large Crop--stuper-
dous Success OF the New Loan-BetteI
Demand for Wooden Goods-Exports oi
Wheat and Flour.
New York, July 1S.-R. G.. Dun &
Co.'s weekly review OF trade says: The
destruction Of a Spanish fleet Europe's
quick appreciation Of the feat, the
wearying flags of truce at Santiago,
and at last the surrender have all in
fluenced some markets day by day. But
Americans have grown, and traders see
that not many outside matters greatly
influence the business, which enables
them to market 81 ,0l5 worth of
domestic products abroad in a year,
against $616,052.SH worth imported. The
new loan has proved a stupendous sue
cess, over 81. 800. 100000 having been sub
scribed, and it is now the question of
chief interest whether any banks will
get enough, after personal subscriptions
have been accepted. TO support further
circulation. Industries and business
are at the naturally lowest point for the
year, and therefore the records are
more impressive.
Smaller Output of Pig Iron.
The decrease in output of pig iron
from 225,S7S tons weekly on June l, to
216,311 on July 1, mostly due to usual
stoppages for repairs a little before
July /. carries with it a decrease of |
4,216 tons weekly in unsold stocks. II |
the first and last Of the month repre- |
nrn61rfinn "a M &
~ consumed in manufacture would be |
3.s per cent less than the highest ever |
attained in May, a small decrease for /
midsummer, but, in fact, the average |
production was larger and decrease in
consumption was smaller. Just when
stagnation is customary many mills |
are crowded with orders for months,
the Illinois rail mills until December
or later with sales this week Of 1900 |
tons, and structural works with a few
contracts for 10000 tons CT more, while
larger demands appear for bars, plates
and sheets, and better demand for bars
at the east. One heavy sale of billets
from Pittsburg TO eastern Pennsyl-
vania at a concession of so cents is the
only real decline in quotations. though
eastern steel bars are a shade lower.
Between Seasons for Wool.
II is still between seasons for wool,
but few large purchases indicate some
disposition for business, and the de-
mand for wooden goods is better, though |
prices for some have been reduced, and
the competition as TO serges seems !
likely 10 be excessive Sales of wool
were but 7,64l. 700 pounds, 5,521, 200 be-
ing domestic for two weeks Of July,
against 24.572 500 pounds last year, Of
which ll.s65.600 were domestic. One |
sale Of 100000 pounds territory at
prices lower than are being paid by
Boston parties in Montana looks like
business in the future. Cotton has
been steady, in spite of good crop pros
poets owing TO larger foreign buying.
The mills in this country are doing
their share. and the demand for goods
is gradually growing better. Wheat
has been dropping in prices under esti-
mates Of 100000 TO 700 100000 bushels
this year, which seems TO be at least
well warranted as overconservative es-
Inmates were made by the same parties
last year. Inquiry in crops is herald
ed: abundance in old regions get no
notice.
Atlantic Exports.
Western receipts are moderate as vet
but the Atlantic exports for the week |
were Lib $50 bushels, flour included,
against 1,6l1, $50 last year, and Pacific |
coast exports 521, 514, against 1876, 1853 last
year, and for two weeks the exports
from both coasts have been 4,SS4412
bushels, against 1851, 9O9 last year. The
foreign outlook has much improved,
and the decline in price during the
week was about cents for spot and 31a
cents for the nearest options Corn ex-
ports are decreasing, as is natural, o.
557, 09S bushels in two weeks Of July.
against 4,659,S15 last year. The price
Is ! cent stronger. Failures for the
week ending July Z were 1854, 1894 in
manufacturing and
$780, 63 trading. Failures for the week
have been 215 in the United States,
against 263 last year, and in Canada
against twenty-seven
a Of wear /