The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-03-23
TRADE DISAPPOINTING
Poor Showing Made tie First
Quarter Of 1896.
BRADsTREET's WEEKLY REPORT.

Failures Taking Place During the Past
Three Months Promises to Make q Rec
ord-shsrp Decline in Exports OF wheat
-Duliness Marks the Speculative situa-
tion-Pubiio Out OF the stock Market.
NEW YORK March 23.-Bradstreet's
says. Genera! trade throughout the
United states for the first quarter OF 1895
is disappointing When the improvement
in industrial and commercial lines bo-
tween March and September, 1885 Is re-
called, occurring as 1t did. two years after
the panic Of 1898, reason would seem 10
have been behind the confidence that the
current calendar year would bring
general revival. But the most favorable
reports at this time are those which de-
clare the volume OF business only equal
| 20. and few instances in excess OF, the
like total one year ago The fact that in
terror merchants are buying more freely
| In Missouri. Kansas. Oklahoma and parts
| Of Nebraska. where the snow and rain
have prepared the soil for the crops, con-
stitutes almost the one favorable an
nouncement tor the week. In almost ali
other parts OF the country. east OF the
Mississippi. stormy weather has tended
60 check the volume OF business and still
further restrict mercantile collections.
which have now been exceptionally slow
for more than a month
May Make Record.
The unusually large number Of business
failures taking place during the first
quarter OF the current year promises 10
| make record The total for the current
| week throughout the country is 800, or
| eighteen more than last week, forty-eight
more than in the corresponding week Of
| 1855. l03 more than in the like week OF
| 1894 and ninety -eighr more than In tho
third week OF March, 1898 There Is a
90 , decline in total exports of wheat
| = aur irLinded as wheatl from both
coasts OF tho CnI,,a States this week the
total amounting 10 only ."a' 0O1 bushels
against > 4)l 900 bushels last week. : 2Ss,
| 700 bushels in the same week year ago.
| 2.943 600 bushels in the third week OF
| March 1898 This i the smallest grand
total OF exports of wheat with -four in
| cluded) since the last week OF January.
/ 1885. Exports OF Indian corn this week
| amounted 10 /. s02. 100 bushels. against
| / 70S.00 bushels last week, 4so 900 bushels
| in the week one year ago and 9oi,Oo0
bushels three years ago.
Week In Wall street.
| Dullness, accompanied by depression,
has marked the speculative situation
this week Transactions have been al
most entirely professional. and the mar.
ket as whole very narrow. Some
liquidations of long holdings could, how
ever, be traced, aad the trading elemen.
on tho stock exchange shows at times
more or less vigor, although the increase
of the short interest resulting therefrom
resulted in some covering and furnished
the only support 70 prices that was Mt all
In evidence The public is absolutely out
Of the stock market. and London's indif-
ference to and distrust of the speculative
situation here is no less apparent than In
the past. All departments there
were, indeed, unsettled during the
| early days of the week by the attitude of
the French government in relation TO
Englands policy in Egypt, though by last
| Thursday this situation had improved suf-
ficiently for bullish movement TO assert
| itself there
| No Effect Produced.
| The interest in American stocks is,
however, of the smallest character. and
though London bought late in the week
II was I'm such trifllng amounts that no
effect was produced The fact that for
eign exchange rates keep steadily below
the gold export point does not fail to at.
| tract attention. Any beneficial effects on
speculative sentiment are however. OFF,
set by general appreciation of the fact
that this Is the result OF the hardening OF
the money market. The results of tho
poor business in many lines during the
autumn ana winter arc also cropping OUT
| in the form Of failures Wall street per.
haps u Inclined 60 cxaygcrate such cir
eumstanc,s aud 10 regard n general the
conditions which aff,ct only particular
localities or interests Nevertheless the
| unfnvorable impressions which undOubt
| edy exist in financial circles rs To Ihs
; present outlook Tor the business coinmun
ty necessarily affect the temper Of spccu
.ation and ohack investment.
slow Movement of Corn.
| Another factor OF some Importance l.
the slow movement of corn The general
unwilungness Of farmers to sell at the
| present price reduces the tonnage and
| profits OF western railro ads and creates a
sense OF disappointment which Is shown
, In the inactive speculation in railroad
shares generally. despite the evidence that
the new joint Traffic association Is work
} ing well, and that the trunk lines ana
: ether roads are conducting competitive
} business with minimum of rate cutting
J or friction Sor Is it possible TO ignore
the fact that the approach Of the presiden-
tinl campaign has an unsettling effect and
that TIN, feeling is supplemented by the
apparent venturesomeness OF the present
: congress in regard TO the country's for
+ eign relations and it's impotency whom
{ the finances and currency are at stake.
Woman Beaten by Brute.
Al CHICAGO March % May Lamont was