The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-11-09


out the Country Early in the Week q"
Account of the Election = NJ ufsctures
and Jobbers More Inclined to Purchase
in Advance-saIes OF Cotton Goods frser
and some Mills Are Better Employed
New York, Nov. 9.-Bradstrects
says: BUSINESS was practically sus-
pended throughout the country early
during the week. and there has been
little increase In the volume since the
election, compared with like periods In
preceding weeks. But manufacturers
and iobbers are more inclined TO pur-
chase in advance instead OF for near
by wants only. and In few lines, not
ably wool. cotton. iron and steel
larger volume Of purchases is reported
That merchants generally share the
confidence in an early revival is indi-
Gated by hardening staple prices. and
the increases in quotations In addition
to those given in preceding weeks
Sales of cotton goods have been freer
and some mills are better employed
Woolen mills also report more orders.
and a tendency to prefer higher cost
goods. Numerous industrial estab-
lishments which have started up With
in two days report being offered large
orders n they would sell for 1897 de-
livery at present prices. Many Rhode
Island manufacturers report prepara-
tions for a larger output than antici-
pated and that orders received con-
tingent on election results. notably In
the lumber and jewelry lines. are now
being filled Owing to the lateness or
the season few have regarded the out
| look as promising much in the nature
| of a boom during the current year
Al a few northwestern commercial CEN
| ters large orders have been received
| from country merchants within Few
days.
l Looking Ahead Confidently
| Georgia farmers have met their oDli-
| cations this autumn more promptly
| than for years past, and southern mer-
| chants and manufacturers are reported
lookinc ahead confidently to marked
Improvement I'm business in the near
future. Total exports of wheat Ohour
| includedD from both coasts of the Unit
| cd States and from Montreal, TINS
| week amount to 3.i27,000 bushels.
| against 3,62S, 900 bushels last week. e.
566. 900 bushels In the week one year
| ago. 1859 900 bushels In the week TWO
| years ago. 2.Sl3.000 bushels three years
| ago. as compared with S.Sss,ooO bushels
| In the corresponding week In lS92-
Exports OF Indian corn amount u
| /. 247. 600 bushels this week about 2oo.-
600 bushels less than last week. nearly
twice as much as in the corresponding
week one year ago. and much more
than i'm like weeks in the three nex'
preceding years Business failures
| throughout the United States this week
number 223. twenty-three fewer thar
last week. thirty-seven fewer than "
: the corresponding week of 1895, eight
cen fewer than in the like period o.
1894 and 40 fewer than in the mrs
week of November. 1898. There arr
6fty business failures reported iron
the Dominion OF Canada this week. n
; compared with thirty-seven last week
$ thirty-nine in the corresponding wee'
7 year ago. forty two years ago, ant
with twenty eight in the first week
I | November 1893.
The stock Market.
On Tuesday evening when the re
| turns made the result at the polls SUI
nciently plain large buying orders wcr
cabled 70 London Some estimates pu
| the orders at as high as l0O,ooo snare
of stock. and orders for about 5000
were executed. This caused a genera
advance in the American department
When our own market opened
'e Wednesday morning. IL was in decio
IS edlv enthusiastic mood. and the mrs
n, ouotations were from to I point
l. above the close on Monday. The di'
lie position of the professional element
lie take profits on purchases made pri'
,g Ia thc election was marked, and pric'
At nromutly receded from the opening.
.e This selling was. however. met |
l. purchases by interests which had kel
Id out of the market over election, ar
nv a fair volume of commission hou
I'd purchases on Thursday, howeve
40 | the market seemed 10 be under r
as dictionary influence. The fact tn
Nv | some states were in alleged doubt, pr
4 duced caution and hesitation. whi
h. rumors of possible intervention by o.
or government in Cuba resulted in q
es further liquidation of long accoun
"A and induced more or less bear sellin
Az the net result being considerable
as action on the market Friday. no.
q. | ever. brought a renewal OF buliish sc
timent. The feature was the appes
ance of heavy outside buying ordt
and the covering of the short contra'
n. made the day before aided III caus'
a further marked advances.