The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-05-18

unfavorable Features In Recent Weeks
with Respect to Cotton and Wooden and
Steel and Iron Industries show No
Change and other Staples Ar
fected by Unreasonable weather-Cold
Shipments and War Harmless.
NEW YORK, May lS-Bradstreet's says:
General trade throughout the country re-
tinue conservative, and the distribution of
general merchandise is almost OF hand
to mouth character South and south
west business remains dull and feature
less and unchanged from last week. Att
larger eastern centers travellers are pre-
pairing to start out, but unfavorable feat
ures in recent weeks with respect to cot
tries show no change. Collections in|
most directions continue unsatisfactory.
Concessions have been made in prices of
wool, and manufacturers of cotton goods
complain that prices are below parity
with the cost of raw material. Tobacco is
depressed by trade embarrassments, and
quotations are weaker, except for Hav
ana. Demand for iron and steel is disap-
pointing and quotations for Bessemer pigl
have been shaded further
UnfavorabIe Influence on Clothing.
Unreasonable weather has had an unfa-
vorable influence on sales of clothing and
other staples, while labor disturbances at
some western cities have checked de-
mand. Request for lumber is smaller
than anticipated, and dry weather at the
south has emphasized the dullness of last
week. Exports of wheat flour included
as wheat) from both coasts of the United
States this week amount to 1927 900 BUSH
els, against ,SS2, 900 bushels last week,
1897 900 bushels i'm the corresponding week
one year ago, 2,i20,0O0 bushels two years
ago, and as compared with 1855 600 bush
els in the like week in 1893. The recent
average weekly commercial death rate is
continued, with a total of 265 business
failures throughout the United States
this week. against 267 last week, 2l0 in the
week one year ago, 1856 in tho CORE
spending week Of 1894, and as compared
with 255 in the like week in May, 1893
There are thirty-four business failures re-
ported throughout the Canadian domin-
ion this week. Last week the total was
thirty eight and in the week one year ago
it was twenty-eight.
Financial Review.
Speculative activity has ceased almost.
Trading i'm stocks has been confined to the
four walls of the board room and in
wolves only the smaller class of profession
al operators. The fluctuations have conse-
quently been unimportant and exhibit no
decided tendency or features of special in
terest.
The somewhat exaggerated fears of
possible rupture with Spain over the con-
demnation of some American prisoners in
Cuba died out after producing a slight
bearish impression, and so far as the mar
ket can be said 20 have displayed any ten
dency during the latter part of the week it
was, on the whole, TO improve slightly,
mainly on the covering of short contracts.
The continued shipment of gold to Ger.
many on special orders" of course, at
tracts attention.
Has No Distinct Effect.
The total taken out of the treasury and
sent out this week was S4050,0O0. The
movement, while calculated TO check
stock market activity, does not, however,
seem to have any distinct effect on the
market and is offset TO a certain extent by
the symptoms that London continues to
exhibit Of taking a more active interest in
the America N market, provided ii is salts
fed that the coming election will result i'm
the supremacy of sound money ideas In
the government.
A factor of some importance has been
the crop situation The government crop
report for May 10 was more favorable than
had been expected, and the fact that there
have been beneficial rains in sections
where they were needed has tended also to
create further bullish sentiment under
this head