The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-03-09
CONDITION OF TRADE.
Brighter Prospects for Business
Have Appeared.
BRADsTREET's ON THE SITUATION.

CnfavorabIs Conditions Less Numerous
Than Those Pointing to Improvement
Exports of Wheat and Fiour-BusiDess
Failures Throughout the Country-speo-
uiation In Wall Street More or Less Un'
settied
New YORK, March 9--Bradstrest's
financial review says. Speculation has
been more or less unsettled all week by
the action OF the house and senate on the
Cuban resolutions and the fear that acute
complications between this and the Span
ish government might result This sup
plemented the effect of the Baltimore and
Ohio receivership. though the latter event
failed to have the bearish influence upon
the London market that was expected by
the trading element in Wall street. lt Is
true that the collapse of an important
trunk line has given blow TO the growth
Of foreign investment buying of our Sc
curities, but 1t has not caused active Eu-
ropean selling and at the worst the Lon
don market remains indifferent TO Amer.
leans.
Consols In London Are High
The fact that consols IN London are &C
the highest prices on record. yielding
little over per cent, and that English
rails and similar securities are at prices
which mean starvation for the British IN
vestor seems To exercise powerful infiu-
ence In directing attention to American
obligations of the better class, even II Tor
the moment the buying OF them abroad Is
spasmodic and mainly professional Lon
don was scarcely factor in our market
while the short interest formed last week
was sufficiently large 70 have a sustaining
influence in prices This WAS evident, In
spite of the bearish pressure exerted in
Burlington and Quincy, and disappoint-
ment with the slow movement OF corn,
and with the lcthargic conditions that are
still exhibited in the iron industry and
other important lines of trade.
Review uf General Trade.
General trade began the week relatively
less favorably. With the change from
high winds and extreme cold, which
checked trading, the milder weather in
creased purchases and brighter prospects
for business have appeared Unfavoraoie
conditions previously reported are contin-
ued but they are less numerous than
those pointing 10 improvement Con-
spicuous among them is continued depres-
sion in the wooden and cotton goods man
ufacturing industries. Trade with manu-
facturers In those lines is very dull, some
cotton mills running half time. Makers
| Of wooden goods report spring trade over,
| fall trade not yet begun. and much mems
wear wooden machinery idle. Iron and
| steel have had an unsatisfactory demand,
| and prices of billets and southern pig are
| shaded There are also reductions In
| quotations for cotton, print goods, petro
| leum, hides and for wheat, Indian corn
and oats. Mercantile collections are gen
orally unsatisfactory, notably ut Chicago
where there are more complaints than for
| q year past,
Exports of Wheat aud Flour.
| Exports of wheat (1our included as
/ wheat) from both coasts of the United
/ States this week amount to z ADJ, ,00C
bushels, against 2,2060O0 bushels last
week, 3.272. 600 bushels in the first week
of March, 1895, 27l6000 bushels in the
| corresponding week of 1891, 2.S9f, 00C
| bushels in lS93 and as compared with g.
| 754 100 bushels in the like week OF 1899.
| Exports of Indian corn are 2, 775 600 bush.
| els this week, against 3,lls0o0 bushels
| last week, ABS 900 bushels in the CORE
| spending week of 1895, lyf7, 500 bushels
| two years ago, and as compared with
| $4,000 bushels in the like week OF 1888.
| Business failures throughout the country
| number 27J this week. against 2Il last
| week thus maintaing the Improvement
| shown foc nearly month The total In
the corresponding week a year ago was
| csc. in the like week OF 1894 1t was 2-3. and
i in 1904 22l