The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-08-23
MONEY FOR FARMERS.
Higher Prices for Almost All Their
Products.
BRADSTREET'S on THE OUTLOOK.

emphasize the Growing Prosperity of
the Agriculturalist-- Large Bank Clear
ings Reported-Exports of Wheat aud
Corn-Busioess Failures Tor the Week
Features In Wall street.
New York. Aug. 23.-Bradstreets
says; Special kilograms from trade
centers throughout the country empha-
size the growing prosperity Of the farm
er. due 10 higher prices for almost all
agricultural produce still in his hands,
and point TO a continuation Of the de-
mand which has been conspicuous with
in the past few weeks. The volume Of
| trade continues to increase and prices
are hardening. No such volume Of bust
ness, largely in anticipation Of require
ments, has been reported since 1892.
Larger transactions have been in dry
goods. clothing and shoes. and south and
west in wagons and farm implements.
Another favorable bank clearing re-
port is found i'm the total Of 81. lac, 0O0O
this week, which, while il is ] per cent
less than last week. is 40 per cent. larger
than in the third week of August, 1896
26 per cent. heavier than in 1895. 40 per
cent. larger than in 1894, and fully 50
per cent. larger than in the like week
of 1898, when clearing totals were re-
duced to very low figures. Compared
with the like period Of 1892 a year Of
large volume of business, this weeks
total shows a gain Of IL per cent.
Larger Bank Clearjugs.
Among the eighty-six of the cities re-
porting larger bank clearings only sew
enteen show decreases this week, COM
pared with the corresponding period last
year. Bank clearngs at other cities
than New York are IL per cent larger
this week than in the like week a year
ago. but at New York the increase is
sc percent.
Prices for staples continue the favora-
BILE movement Of the past few weeks.
with advances for wheat flour, wheat,
new pork, butter eggs, cheese, corn and
oats Hides are also firmer and higher,
Ginghams have adv anced a cent. while
the cotton mills are starting, and job
bers in wooden goods are getting higher
prices for spring delivery. There have
been a large number Of assumptions
among iron and steel concerns this week.
Bessemer pig is % cents higher and the
outlook is for Improvement Sugar, cot
ton. print cloths. wool and petroleum
are firm and unchanged, while coffee,
almost alone among the staples, is lower
than last week.
Exports Of wheat, flour included as
wheat. from both coasts Of the United
States and Montreal this week are the
largest in any week since September.
1898, amounting to 5.2lS.000 bushels this
week. compared with 100000 bushels
last week, 1891 900 bushels in the week
ago. 1872, 900 bushels three years ago.
and as contrasted with 100000 bushels
In the corresponding week OF 1893.
Exports of Corn.
Exports of Indian corn this week are
also exceptionally heavy, the largest
since the third week in April this year,
amounting to 3.92O0S5 bushels, as COM
pared with 3,275000 bushels last week,
1888 600 bushels in the week a year ago,
1,195.0Q1 bushels two years ago. 100000
bushels three years ago, and as con-
trasted with $4,000 bushels in the like
week Of 1898. There are POI business
failures reported throughout the United
States this week, against PA last week.
264 year ago, 1872 two years ago, 25l
three years ago. and as contrasted with
45G in the third week of August. 1898.
lower range of prices have been the main
feature of the past week in Wall street.
The declines have not been important
The undertone continues bullish, and
at concessions buying has appeared
The cause Of the waiting and to some
extent reactionary demonstration may
be found partly in the action of leading
operators, who have realized profits. be-
lieving that the market had been going
UP too rapidly.
Delayed by Cool Weather.
Some effect has been produced by ac-
counts Of cool weather in the corn belt
delaying the maturing of that crop.
This influence has been exaggerated by
bearish traders. who have shown re-
newed activity, the result being the
creation of a considerable short inter-
est. Large interests in the stock mar
ket, it would SEEM have to some ex-
| tent shaped their course with reference
to the gold importing possibilities. Rail-
road earnings have been excellent.
Attention is also directed TO the symp-
| toms of revival of activity in general
| trade. and more particularly in the iron
| and coal industries. While the grangers
ard other stocks receded little. higher
| prices were made in a number of special
| stocks and the continued upward move
| ment in wheat has been a powerful in
| fluence in sustaining the bullish feeling
| that underlies speculation. Friday bear
operators raided the market, the close
| being weak and unsettled