The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-29
BRADSTREET' 'SREVIEW
Condition Of Business Through
out the Country.
GOLD PLANK HELPS IRON TRADE.

Seem to Improve Mueh-More Hopeful
Feeling Noticed in some Locslities-Ex-
ports of Wheat and Flour-Isusiness
Failures for week-sharp Liquidation i
I'm Wall street, Followed by a Rally.
NEW YORK, June 20 -Bradstreet's says;
A more hopeful feeling in trade circless
within the last ten days, explained as duer
to the adoption Of a gold plank at st.
Louis, has been given undue weight In-s
torviews with merchants in staple linesl
at twenty-five of the more important dis
tlibuting centers show that aside from the;
Increased strength of wool in the hands,
Of interior holders-reiected at Boston,
and Philadclnhia-an improved demand
for hardware at Providence, for clothingl
and shoes at Baltimore shoes and dryl
goods at Memphis and in similar lines at
St. Louis, there has been no improvement,
in trade. At Chicago there is a more
hopeful sentiment, but no increase IN
business.
Until After Election.
A canvass of leading jObbers at import
ing cities shows no expectation OF re
vival in general trade until after election,
and at some points no improvement Is ex-
pected until next year. The volume OF
general trade is no larger than last week,
in some lines il is smaller, notably at
Pittsburg and Kansas City. Midsummer
dullness characteriZes operations at al
most all points Relatively the greatest
activity has been among the eastern dry
goods jobbers, who have sacrificed prices
TO reduced heavy stocks of cotton goods.
Restricted production of print cloths at
Fall River is likely to be followed by sim
| liar action at Providence and at Augusta.
New England rubber manufacturers are
curtailing production and the situation
| and outlook In the iron and steel indus
tries are less satisfactory with a prospec'
| tive cut in the price of Bessemer pigiron
and the probability of the billet combina-
| ton reducing quotations, and lower prices
| for coke. In addition there are reduced
prices for leaf tobacco petroleum, and
cotton; for wheat, wheat flour, oats,
| pork, lard, sugar, and coffee.
| Wheat and Flour Exports.
| Exports of wheat-ilour included as
| wheat-from both coasts of the United
States and from Montreal amount to
2, 1857, 900 bushels, compared with 30'O-ool
bushels last week, l,9i5O00 bushels In the
week year ago, l,7l7,0O0 bushels In the
week two years ago, and as compared with
3,Gl,0c0 bushels in the fourth week OF
June, 1893. There are 2lS business iail'
ures reported throughout the United State
this week, a striking decrease as compared
with week ago, when the total was yoo
One year ago the weeks total was 2l5
thrco fewer than this week, but two year
ago. in the midst Of the extreme depres
L IL. a .l.Arf Of
failures in the fourth week of June wa
ls9 only. There are nineteen busines
failures reported throughout the Domin
ion this week, as compared with thirty-fiv
last week and twenty eight in the CORE
| spending week in 1895 and in 1891
The Week In Wall street.
Bradstrect's S review of the stock marke
says: The week opened with rathe
sharp liquidation of weakly held lon
stock, brought about by report that on
relations with Spain in regard to Cub
were at a critical point The break in tn
market on Monday revealed stop orders
and the downward course of prices wa
checked by covering of the short contract
only. apparently put out by the same In
, terests which had produced the war scare
i, The falsity of the reports being demon
. Il strHteu, Int RtDtIil il3A iitaNA a. NNHNN'aN'
rally. This, however, was checked by
, bearish demonstration on sugar stocF
which for the rest of the week was tn
feature of the entire market IL brok
, from l2l7 u Co 1l3. There was heavy liqu
! dation in the stock, which the street wa
prompt to ascribc to the inside interest.
Demand for sugar.
II would seem though that the So cailc
pool is more likely 60 have realized profit
on their speculative holdings when th
price was above l2O. At the decline
sugar prices ~ demand seems to have d
| welcomed. and on Friday all grades were ~
4 yanced. The stock however, is very ne
4 yous and erratic, and the street Is som
d what under the impression that It M
= been made the victim of another OF u
n long list of manipulative scoops Il
y which sugar is famous or infamous .
t Friday. near 60 the close, covering by tf
}. shorts. enforced by manipulation, carrie
J. the price of sugar to l46ls. The activii
L I'm sugar had a tendency TO withdraw
tention from other parts of the list. III
pronounced declines early in the wee
were well distributed, but were most n
: ticeable in the stocks that had been u
d subjects of the short-lived bull movemen