The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-03
THE TRADE OUTLOOK.
Bradstreet's Report on the Gen.
eraI Situation.
MERCANTILE LINES STILL DULL.

Political Uncertainty AN Unfavorable Fac
tor-Curtailment of Products I'm Cotton
Fabrics Countinues-Increase in Busi-
ness FaiIures-The Week I'm Wall street
Inactivity of the Investment Bond Mar
ket-Scant Attention to Crop Prospects.
NEW YORK, Aug. 3.-Bradstreets says:
Political uncertainty continues an unfa-
yorable factor in trade and industrial and
mercantile lines are unusually dull. Mcr-
camille credits are closely scanned and In
many instances shortened. Merchants In
northern Louisiana and southern Ar
kansas have Cancelled orders for fall deliv-
cry In some cases, owing to the effect on
trade of drought there The industrial
situation is less favorable. Among man
ufacturers of iron and steel il Is regarded
as serious in some lines, owing 10 the sur
plus and falling off of demand, The re
duction OF pig iron Is further curtailed,
vet stocks increase. The outlook Is for
further decline in iron and steel prices.
Chicago offers concessions on pig TO bring
bids for round lots.
small Demand for Footwear.
Curtailments Of products in cotton fab
rics continue, yet fall purchases in prints
are of small volume. Demand for boots
and shoes isalso smaller. Exports OF wheat
| flour included as wheat) from both coasts
| of the United States for this week amount
| TO 2,4S4, ,000 as compared with 3,O14,UO
| bushels last week The total number OF
| business failures throughout the United
| States this week is 1874, as compared with
| 2sO last week. The increase as contrasted
| with corresponding total In 1895 is 73, or
an average of 10 each day during the
| week. As compared with the last woek
| of July. 1894. this weeks increase is -.
/ There have been almost twice "a many
| business failures this week as in the CORE
/ sponding week of 1872 There are ~ bus
mess failures reported from the Canadian
Dominion this week, 6 more than last.
week, 13 more than in the corresponding
week last year and only 9 more than In
the like week in 1894.
New York stock Market.
| Bradstreets review of the New YORK
stock market says While low records
were made in the prices of many stocks
early this week, and while the subsequent
rallies have been moderate, "A change has
| occurred in the temper of speculation on
| the exchange The declines were not nc
| companied by Generalization, and the
fear of a panic, so prevalent in th'
| preceding fortnight has disappear
ed. In fact, the depressions were
more the work of manipulative op
orators working on the bear sid'
than the result of liquidation
Lack OF public interest whatever in cur
rent speculation, however, gave opportun
ity for such maneuvering, and though
London seems inclined TO buy there is m
outside support and the market has beel
and continues n purely professional one
so far as its quality is concerned. III
change OF feeling which the street ha
displayed is, however, more importan
than any slight improvement in the quo
tations 1t is due to the energetic ant
successful steps taken by the banks an'
bankers and elsewhere TO restore the treas
ury gold reserve and To put check upol
gold exports.
Completely Successful.
In both respects the financial interest
, engaged in the work have been complete
, " successful. The further alleged fac
that large importing interests are also il
sympathy with the arrangement ma,
have an important effect. The inactivit,
of the investment bond market and tn
unwillingness of investors TO do any
thing, even in the hest class of munic
, ipal obligations. has been referred To bC
fore startling evidence of this conditio
| was afforded by the practical failure g
,, | the 81 bond issues offered by the cities G
New York and Brooklyn. Crop pros
poets. though on the whole excellent nav
received scant attention, and the street
not particularly impressed with the on
look for railroad earnings in view OF tf
shrinkage of mercantile business and COZ
seouent falling off of traffic. The fea
e ures of the actual market have been maii
n lv the stocks, which are the favorites
= speculative and professional manipul