The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-12

Influences Improvement Report
1 ed from the south aud Northwest-Isus-
| ness Failures for the week-Bradstreet's
Review Of the Week In Wall Street.
| New York. oct. 12.-Bradstreets' says:
Colder weather continued heavy re-
ceipts OF cotton and wheat. and other
| Influences have stimulated demand for
staple goods at various points, but the
volume OF trade remains moderate,
without change from a week ago. The
tendency at some centers Is to a small
| er volume of trade, but the general out
look is for an improved demand after
election. Interior merchants adhere to
| the hand 10 mouth policy of buying
and wholesale merchants are inclined
| TO examine into credits closely Ex-
cept in the cotton and wheat regions
mercantile collections continue unsat-
isfactory, Trade Improvement is re-
| ported from Atlanta, Augusta. Charles
ton, birmingham. New Orleans. aud
Texas cities. The Pacific coast re-
ports increasing activity I'm wheat. tho
noteworthy feature being cargo Of
wheat exported TO India. Total ex-
ports of wheat from both coasts OF the
United States and from Montreal (flour
included as wheaD continue TO attract
attention i'm view of short supplies in
Russia. Argentina. and Australia.
Domestic wheat Crop.
The domestic wheat crop is morelike-
ly To approximate 100000 600 bushels
this year than only 400. 600. O00-the gem
eral Interpretation Of the government
wheat crop report With the prospect
favorable 10 an exceptionally large de-
mand for wheat for export within the
next six months. a larger supply than
heretofore reported is likely To prove
fortunate. The total exports OF wheat
this week amount 10 4.O5O.772 bushels,
against Ans. 900 bushels last week. .
244.OOO bushels in the first week Of Oc-
tober, 1895, $4,000 bushels in 1894. p
$4,000 bushels i'm 1898. and 3.625.OOO
bushels in the corresponding week OF
1882. There were 219 business failures
In the United States reported this week.
a decline of "a as compared with last
week. an increase of II as compared
with the first week in October, 1895. and
an Increase of SO as compared with the
corresponding week of 1894 When con-
trasted with the corresponding total in
1893 this weeks falling off is rs. There
We're ~ business failures reported from
the Canadian Dominion this week.
Last week the total was 23. a year ago
IL was "a, and two years ago 81
Week in Wall street
Bradstreets review Of the New York
stock market says: Liquidation of
speculative holdings and renewed ac
tvity by bearish operators gave an
unsteady appearance to speculation
and caused pretty general declines In
prices this week. The professional IN
terests which were responsible for the
advance were ready TO take profits on
long side and 10 work for a reaction
IN prices that would not entirely ia
cilitate operations for the short ac-
count but would furnish opportunity
for the acquisition OF lines of long
stock on "a more advantageous basis.
The bearish manipulation was aided
by number of circumstances. The
unexpected temperance of stringency
in money and the development of the
fact that there is demand for gold
for boarding purposes had an unsettling
influence on sentiment. on the other
hand, the conditions of the grain and
cotton markets remove assurance that
the favorable condition in our foreign
trade viii continue.
specie from the other side.
The renewed decline in exchange has
been promptly followed by further en-
gagements in London for shipments 70
this country. The total amount Of
specie shipped from the other side dur
ing the week is 81, $50. 900. and foreign
exchange is at level which affords as
surance that the movement will prob
ably continue. Among the other favor
able items of news is the commendabie
Of western railroads TO set
tie their troubles and advance rates.
while the rate war at the south seems
10 be a thing of the past The decline
OF American sugar stock. though
feature of the market. was the result
Of circumstances peculiar to the COM
pany and to the trade, the principal
factors being the weakness of the raw
sugar markets and the report that a
large financial interest was about TO
establish opposition refineries. On Fri
day the market. with the exception of
sugar, was strong till the last hour.
when renewed weakness appeared on
bear selling. based on the lack OF sup
port and the fear of bad bank state.
nent.