The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-09-28
OUTLOOK FOR TRADE.
Review of the Week Sent Out BY
Bradstreet's.
CONFIDENCE Is on THE INCREASE.

More Business Being Done in staple Line'
In the East aud south-Bctter Feeling H.
Jobbing Circles-Improved Demand for
Wool CONTINUES of Wheat ana
Fiour-The Week In Wall Street.-The
verses i'm Business.
New York. Sept. 2s.-Bradstreets
says: In eastern jobbing circles the
feeling is one OF increasing confidence
There is more doing in some staple
lines. noticeably at the east and fev
southern cities. In most other IN
stances purchases continue for imne-
date wants only. There is little expec
tation of a general revival in businesa
prior 20 the election. Throughout the
central and northwest no materai
change is reported In general trad
features. Exceptions are at Cincinnati
| and ST. Louis, where demand for staple
| is larger Savannah and Augusta re-
| port marked increase In volume OF
| business. both wholesale and retail,
with satisfactory collections. Memphis
| and Galveston report moderate GAINS
| in demand and sales. Improvement Is
| shown in various commercial and In
/
| Providence. and Pittsburg. Improved
| demand for wool continues, with an
| upward tendency in prices. Demand
| from England remains noticeable. but
| is Offset by high rates Of freight and
| scarcity of ocean room. There is bet
/ ter jobbng movement in cotton goods.
i which are higher. Not much more
/ woolen machinery has been started
1 The starting up of iron mills and fur
| naces is conspicuous. but makers IN
| some Instances seem to be anticipating
| demand.
| Exports of Wheat.
| Exports of wheat (fiour included as
| wheat) from both coasts Of the United
States and from Montreal this week
amounts TO 3.SlS.6i6 bushels dispatch
from Newport News not received) as
| compared with 3.566.000 bushels last
week. 3.5l5.000 bushels two years ago.
| .. .562. 900 bushels threeyears ago. and as
contrasted with 3,490,0O0 bushels in the
corresponding week of 1898. The total
| number OF business failures through
out the United States continues large.
32l this week. compared with SIS last
week. 1873 in the fourth week of Sep
tember 1895. 204 I'm the like week oflS9i.
and as contrasted with only 232 in the
corresponding week OF 1898. in which
| week there was a heavy falling of
from the total the week before. In the
like week of 1892. year of comparative
| business prosperity only l43 business
| failures were reported. compared with
, 32l this week. There are thirty-four
) | business failures reported from the Do
| minion OF Canada this week compared
| with forty-one last week., thirty-five
| in the week a year ago. thirty-one two
| years ago and as contrasted with thir'
. | ty-six three years ago.
|. Week i'm Wall street.
, The advance of the Bank of England
> | rate from 212 to 3 per cent. the harden
. ing OF the open market for loans al
! London. and a slight rise in exchange
rates here seems 10 impose a check or
the inflow of gold from Europe. but
= in view Of the activity of grain and
| other exports. 1t is thought that the
movement of specie this way will con
| tinue, though upon a more moderate
4 | scale During the week. however. les:
|. | than 81. SOC. 900 gold was secured in Lon
> don and Paris for shipment here. max
: | ing the total to date about $40 200 600
Of which SS1 .0000 600 has already ar
| rived The total treasury holdings may
be put at about $124O00 GOO. as agains
e | slOl, 900 600 when the gold inflow began
I | This is undoubtedly a factor in Great
: ing the better feeling which affects th'
: course Of share market values. TIL
/. market continues 10 be in the main
Ie professional affair.
p Influenced by Pending Troubles.
v Public participation cannot Toe de
,e tected. and the foreign markets. Will
4. more favorable towards American Sc
sr curities. are influenced by pendin
ID troubles over Turkey and the rise II
Ig interest rates on Friday further ad
N vances were scored and large inter
ID ests i'm the market seem to be workin
re- generally on the bull side Of the mar
ket The bond market has eXhibite
the effect Of the influences above re
terred To- I'm decided degree. Govern
nc | ments have been quiet and firm. an
st investment issues show better de
- | mand and i'm some instances apprecia
IN BILE recoveries Transactions I'm muniC
IN | ipal obligations are still arrested Ii
" the financial uncertainty and little {
H. | nothing is doing in that department
te on the stock exchange the low price
Il. and speculative bonds have been actiN
nd and advancing. a feature being II
: | presence Of foreign buying order
or Reading securities naturally shared
he the Improvement OF the stock.
nS Excftement ON n Train.