The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-24
FAILURES ARE FEWER.
Over 100 Less for the Week Than
the Week Before.
FAVORABLE SYMPTOMS TO TRADE.

Increase In Wheat Exports-Improvemen
In the Bank Clearings-Bradstreet' Re-
view Of the Week In Wall street Shows a
lean Securities ies-Improvement Based on
the Success of the Recent Bond Issue.
New YORK, Feb "A -Bradstreets re-
view saysi Exports Of wheat (1our in.
cluded as whoat) from both coasts OF the
United States this week amount TO 3, l4y,-
600 bushels against 27lS,00O bushels last
week. l,sJS00) bushels In the week year
ago, l,73O.0O0 bushels in the week two
years ago, 2,5!6,00o bushels in correspond
ing week Of 1898, and as compared with
53J7, 900 bushels in the week Of 1892
Hardly less favorable than the improve.
ment in the bank clearings Is the sudden
drop in the total number Of business fail.
ures throughout the country, that for the
week being 276. against 3Si last week 327
In the corresponding week one year ago,
235 in two years ago, and 2O2 in the third
week of February, 1893
There are fewer failures also reported
from Canada, 5S, against 20 week ago, 80
two years ago. and 35 in the like week OF
1894
The Week in Wall Street.
Dizziness, accompanied by very strong
undercurrent. has marked the week S
speculation. Prices have however, ad-
vanced in some cases with considerable
steadiness. The bulish impulse in this
case comes from London which market
seems to have completely revised its for
mer adverse opinions in regard to Amer
| lean securities. This Improvement Is
| based on tho phenomenal success OF the
bond issue here, the restoration OF the
treasury reserve, and Uhe decisive vote oi
| the house of represen atives against free
coinage. The latter fact Is regarded with
great satisfaction abroad where the fear
in connection with American finances has
been that the country would bo forced tC
90 on a silver currency basis The encour
agement given by the British cabinet tC
the idea that pacific settlement OF the
Venezuela boundary question Is not far OIL
has also had q considerable effect Oh
speculative sentiment in London, and
though the French political crisis pro
duced slight chilling of the foreign mar
kets it could not wholly check the mor'
favorable feelings which prevail In regar'
to our country's position.
warnings from the Press.
It would seem, however, that the for
eign buying, which toward the end OF tn
week assumed larger proportions, doe
not represent active participation by tn
British public in speculation in "AmerI
cans" The warnings which the financia
press there has been giving against GU
securities for months past have not los
their effect yet, but professional interest
have apparently taken different vie"
and act as If they anticip lted revival {
strength and activity in Yankee RAM
their purchases, which foot up a goo
many thousand shares, extending M
only to the leading international secur
ties but also TO the low priced portion
the share list. The continued weakness
of exchange is particularly due to tn
fact. Indeed, authorities on Information
al markets base their bullish inclination
with reference to the general market In
belief that foreign buying Of securities Q
large scale Is TO be- expected ana Uni
this will keep the exchange rates dow
and prevent the deplsIion of the treasul
cold reserve through specie exports
Europe. ---