The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-15
BUSINESS STILL DULL
Retailers Are Buying Only for
immediate Sale.
no EFFORT MADE TO PUSH TRADE.

Everybody Seems To Be Awaiting the Ac-
tion of the Great National Conventions
on the Financial Question-Littie Likeii-
hood of an Advance in the Price of Wool
While So Many Mills Are Idle-Brsd-
streets Financial Review.
NEW YORK, June 15.-Bradstreets says:
There is little or no effort TO push business
.t period Of so much uncertainty as to
the precise terms of the financial planks to
be adopted by the great political parties IN
national conventions. The general mer-
chandise movement continues as dull and
conservative as heretofore, retailers with
few exceptions buying only for immediate
necessities Mercantile collections con-
tinue slow and unsatisfactory, and
there is no gain in the cot
ton, wooden goods, iron, or steel
industries. Western SPECTATORS are buy
ing wool above parity with prices offered
from the east There is little likelihood
of higher prices for wool while SD much
machinery is idle Nearly all branches of
dry goods are somewhat depressed Cot
ton goods are below parity with raw
material The contest continues between
iron and steel, aud consumers general
trade i'm central western states is quiet
No improvement is reported from Chicago
as compared with unsatisfactory records
of recent weeks. Improvement In demand
| for staples at ST. Louis Is among dealers
in paints and drugs.
Quiet Trade south.
Kansas City and Omaha report relative
| ly the best demand among western job
| bing centers among wholesalers OF dry
| goods shoes. hats and agricultural imple-
ments Reports from southern distribut-
/ ing centers announce an almost uniformly
/ quiet trade, although good rains in terri
/ tory tributary To Charleston and New Or
leans have improved the crop outlook and
| wholesale trade In Texas corn is suffer
ing for want OF rain Exports of wheat
(flour included as wheat) from both
coasts of the United States amount 10
| 2 g22, 900 bushels, against 3,2O9,OOO bushels
last week, !, ,7Sl 900 bushels in the week
one year ago, 2,25i,O0O bushels In
the week two years ago, ard ,. .s34, 900 bush
els three years ago The total number of
business failures throughout the United
States this week is 234, compared with 236
last week, 252 in the second week of june,
1895, 227 i'm the corresponding week of 1921
and as contmsted with BOB in the like pc
riod Of 1898. There are thirty-eight busi
ness failures reported from the Dominion
of Canada this week compared witt
twenty-nine last week, twenty-one In th'
: week year ago, aud 80 in the week TIVE
years and in the week three years ago.
Week in Wall street.
Bradstreet's : financial review says: VI
, to Wednesday speculation was almost a
a standstill, and prices sagged wearily oi
the absence of buying support rather thai
. any liquidation or bear selling. IN
, downward movement bore the appearance
! | Of a bear raid, for which the preceding
! | weakening of small accounts had prepares
! | the market. The crop statement, show
ing unexpectedly favorable conditions II
| regard to the wheat yield, benefited tn
| granger stocks, and short covcrin
. throughout the list in resulted strength
= | ening of prices Gold shipments wer
kept down during the early part OF tn
week To 100000 by the Offering of som
amounts of bills drawn in connection
, with a sale i'm the Anaconda mine TO
y foreign syndicate On Friday, however
u it was announced that $2,200,OOO NOR
,, would be shipped Saturday. Apart frof
II the break on Wednesday, which was pal
3 ticularly marked i'm distillers, sugar, an
o Missouri Pacific, there were few feature
r | of interest i'm the weeks trading.