The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-07-25
LOOK FOR OPENINGS.
Business Men See Chances in the
island of Cuba.
WAR DOES NOT DISTURB BUSINESS.

Does = Corn Continues TO Cross the
Ocean I'm Large Quantities : Phenome-
naiiy Large Shipments OF Boots and
Shoes-Iron Manufacture Seems To BE
at the Verge of Another Revolution.
New York, July ar. G. Dun G.
Col in their weekly review OF trade say:
A state of war does not disturb bust
ness. But reaction after a phenomenal
movement Of grain causes relative loss
which many mistake for decrease IN
the volume OF trade. So much grain
has been required and shipped during
the last twelve months that decrease
was inevitable, and granger and Pa
cific roads show loss In earnings, even
compared with 1892, though not much
yet compared with last year. After
the surrender of Santiago barely a
w. of rest has preceded the sailing
"'"o force but meanwhile
wee. -'ion opening
fbe presidents proclam.----
Santiago to trade on terms sinsu!e...
tavorabJe TO inhabitants there, ana the
rush 10 build up business In eastern
Cuba. are occupying the Thoughts q
many enterprising firms, Rer.,ons of
one-half in the tax heretofore paid.
with honest instead of Spanish admin
istratfon, brings home to Cuban resi-
dents the meaning Of the change.
Long Step Forward.
They also learn 10 use money of which
a paper dollar is as good as gold, which
for them is a long step forward. In
mid summer season. with
business larger than ever before, the
great manufacturers nearly all share
the gain. Once before, in 1895, with an
extraordinarily small movement prior
TO July, the shipments of boots and
shoes was larger than this year, but In
no other year have shipments in three
weeks of July been as large Print
cloth works at Fall River have in part
combined to curtail production, half the
spindles of that city FOR a month, but
in other branches of the cotton goods
trade no such heroic measures appear
necessary. There is an increased de-
mend for wooden goods, although in
some lines slow and disappointing, but
the number Of establishments at work
increases, though the mills are not yet
assured of satisfactory prices. Only s.
233,200 pounds Of wool were sold last
week and in three weeks only 12,S79,-
300 at the three chief markets, OF which
s,629, 700 were domestic, against 34,124,-
700 last year, and 23347, $50 in the same
weeks of 1892, Is, 500 900 being domestic.
Verge of Another Revolution.
The iron manufacture seems to be at
the verge of another revolution, since
Bessemer pig is held by curtailment Of
production in the Shenango and Ma
honing valleys at STOPS at Pittsburg,
and yet some steel works have made
enormous sales of billets-l00,000 tons
TO the great wire association at prices
unknown, 10000 tons to various parties
at Chicago at s15.75, and 10000 tons at
Pittsburg at s1475. The demand for
structural forms keeps all the works
busy, and includes for the week $500
tons at Chicago in three contracts and
$500 at Pittsburg in four others, while
the plate mills are everywhere crowded.
Sheets and bars are both in better de-
mand than heretofore, and the pro-
longed weakness in cast pipe, which
usually requires nearly 10000 tons of
pig in year, may presently be cured.
Heavy sales of lake copper have fixed
the price at liz cents, and the output
for the last half year has been 100, 4S7
eign, although three years ago the for
eign output considerably exceeded half
the American. Tin at 1856 cents and
lead at 3.92ik cents are both a shade
weaker.
Decline in Wheat.
With abatement Of foreign needs and
prospects of excellent crops in many
foreign countries, wheat has declined
during the week cents in price, not
withstanding exports from Atlantic
ports amounting TO 1897, O92 bushels,
flour included, against 1,516, 997 last year,
and from Pacific ports 577,755. against
So, 523 last year. Total exports for three
weeks have been 7.390,259 bushels, flour
included, against 5,194 ass last year.
Corn still goes abroad in astonishing
quantity, all the circumstances consid-
cred, o-Dorts having been In three
weeks 5,O77.s47 bushels, against $685., 1895
last year. The price has not changed
in spite of the decline in wheat The
closing of some New England mills has
doubtless affected the price Of cotton
to some extent, and yet the crop reports
are sufficiently favorable to depress
prices an eighth during the week with
out other influence. The collapse of a
strong pool to advance prices and con-
troll the market is also reported. Fail
ures for the week have been 207 in the
United States, against 227 last year,
and seventeen in Canada against TWEEN
ofvb To