The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-07-20
MARKETS STILL DULL.
No inclination to Engage in New
(, Enterprises.
BRADsTREET's REVIEW OF TRADE.

City and Country Merchants Purchase with
More Than Usual Conseryatism-sOnn
of the Favorable Features of the Week
Unexpected Increase in Business Fail
ures-AII Public Interest In the stock
Market Disappears.
NEW YORK, July 20.-Bradstreet's says:
Nearly all general merchandise markets
continue dull and the volume Of business
is smaller than anticipated. Little or no
disposition is shown to engage in new en-
terprises, both city and country merchants
continuing TO purchase with more than
usual conservatism, in view of the unset.
tied financial outlook and the low range
Of prices. The total number Of business
failures in the United States this week
shows an unexpected increase, 255 com
pared with 2l9 last week. When con
trasted with the corresponding week IN
1895, the increase during the last six busi-
ness days is forty-one, and with the Sec
ond week Of July, 1894, the current weeks
increase is forty-three During the cor
responding week of 1893, however i'm the
hiihSA VI tiAc ldilti liltlt was llhlt illltN
twice as many failures as this week.
Some Favorable Features.
Among more favorable features are rel
atively encouraging reports concerning
trade at nine business centers, together
with an improvement in quotations FOR
wheat, Indian corn, oats and pork, and
firmer prices for wool, sugar, lumber
leather and print cloths Baltimore re-
(as St Paul. with a tendency 20 defer
placing orders until after election Chi
cago and 1t. Louis agree that sales for
fall delivery, while fair I'm some directions.
will not equal the record for 1875. Rains
have improved crop prospects in Wash
ington. The week has been marked at
San Francisco by the departure Of a train
load Of fruit for London, "A cargo Of whc 10
for Australia, and two ships loaded with
lumber for Europe. Crop prospects i'm
Louisiana and in Texas have improved,
particularly with reference TO cotton, and
country merchants are reported enc0ur-
aged.
New York stock Market.
Bradstrcet's review OF the New York
stock market says: All public interest i'm
the stock market has disappeared, and
professional operators and other holders of
stocks, after the many disappoinments
and prolong waiting To which they have
been subjected, have been naturally in
clined to throw over their securities Bear
professionals interested In the market
have taken advantage of this opportunity
and conducted an aggressive campaign
As already indicated the public has been
out of the market, except where they
liquidated On Thursday, indeed, some
purchases, particularly of fractional lots
at the extreme decline, might be attriba-
ted TO the investing element, but this ten
dency was not sufficiently marked TO have
any important effect.
London n Large Buyer.
London, which was inactive and appar-
emily suspicious Of our market during the
early part of the week, camc i'm as largo
buyer on Thursday, and its purchases. to-
gether with the buying by the rather cx-
aggerated short interest turned the mar
ket on that day and resulted in substan-
tial rally On Friday the market was in
active and generally steady, large specu-
lators apparently taking no part and the
smaller element being inclined 10 wait
for developments. The fact that gold
shipments for Saturday fell below the ex-
pected amount had considerable effect i'm
this connection. During the entire week
the professional character Of the Stock
exchange business and the absence of any
public interest kept the market from cx-
hibting any signs OF extreme tension, al
though throughout the whole period the
feeling was most nervous