The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-23
BUSINESS DISTURBED.
Outlook for Fight Over the New
Tariff Bill.
BRADSTREET's REVIEW OF TRADE.

bill. and the disappointment among
manufacturers of wooden goods, silks.
cutlery and other lines at various tar
in schedules. Spring trade in jobbing
lines is over. collections are slow, and
at many points there is no change in
demand or supply, except a request for
a cheaper grade of goods. Threatened
overflows in the central and Mississippi
valley have restricted the country or
der trade, and rain and high water have
exercised a similar influence in the Ohio
valley and in south Atlantic and gulf
states The movement of general n.er-
chandise is also checked at the north
| west by unfavorable weather. The de-
mand for cotton goods is disappointing.
and manufacturers have moved some
lines only at concessions in price. Iron
and steel industries appear less likely to
| expand in the near future. Practically
lower prices for Bessemer pig and for
billets seem to have been the result of
speculative over purchasing at the late
revival in expectation of an advance,
which as not shown itself. Delay In fix
ing lake ore prices has also had an in
uutHtts lHeTt Is less ueln1Du LOT
American iron and steel for export, par
ticularly for northern product.
Improved Demand for Wool.
At most of the larger centers the
feeling of encouragement is stronger
among merchants at the prospect for
continued Improvement in trade, yet the
increase in volume of business in dry
goods. groceries, hats, and clothing,
compared with preceding weeks and
with the like week in previous years
does not equal anticipations. There is
an Improvement in demand for wool
Tor which prices are higher. Eastern
wool manufacturers show more inquiry
for goods, though the condition of this
Industry still leaves much to be desired. |
The newly developed Pacific coast ex-
port trade is marked by a shipment of |
doors, sash, and finished lumber from |
Tacoma to South Africa. An additional |
favorable feature is found in the ten
dency of prices there for wheat corn, |
oats, pork, lard. and sugar. in addition |
to woel being upward, while quotations |
for print cloths, cotton, petroleum, and |
lumber are firm and unchanged.
Exports of wheat (four included as |
wheaO from both coasts this week in
to the export movement amounting to
|, 629.434 bushls compared with 1888, 900
bushels last week. $685. 900 bushels in
the like week of 1895, 2,343, 900 bushels
!, CPS, 434 bushels, compared with 1893, 900
bushels in the corresponding period in
1898. Exports of Indian corn, on the
other hand, continue very heavy,
amounting to 1898, 1913 bushels this week,
as compared with 5,3l0, 900 bushels last
week, 1902, 600 bushels in 1894 and as
with 904,0 900 bushels in the
period i'm 1898
The Financial Review.
Bradstreet's financial review saws:
Greater activity and continued irregu-
larity in the movement of prices have
been the features of this weeks market.
While portion of the list, headed by
the Vanderbilt stocks, again showed a
marked tendency to advance, there
have been bearish demonstrations, the
most important of which was in Mis-
souri, Pacific. The movement in the lat
ter stock seems to have been a bear |
raid, facilitated by the unprotected DO |
sition of the stock Rumors Of Difficult
ties in regard to the meeting of the |
April interest were put out
and heavy selling ensued, which carried |
the price down from 2Oas on last Satur-
day to Is on Tuesday. Such decline
naturally started receivership rumors.
and was aggravated by liquidation and
the exhaustion of margins.
Denials by the management that there
was any ground for apprehension
seemed inenectual to check the decline,
and IT was not until Tuesday afternoon,
when the leading officials announced
a q Avrt
on presentation that the pam ,
lcky feeling in regard to Missouri Pa
cific was arrested. When this came out
heavy short covering ensued, and the
price was carried up to 10, and remained
steady at that figure for the rest of the
week. 1t is to be noticed that heavy ,
covering In Manhattan and Western
Union accompanied the depression of
the other leading Gould stocks. which
fact may be significant as to the reason
for the attack.
Professional Traders Opportunity.
Other leading securities, notably Sill
gar have displayed considerable irreg- {
llarity and the professional traders. II =
may be said, found more opportunity
for the exercise of their speculative Z
methods than In any market which has 9
been seen for some time past. IL NAV q
De further observed that while some in /,
,rease In the volume Of outside business
might be noticed, the speculation re-
NAMED for the most part in the hands n
IF the professionals. Europe has either Y
sold stocks or abstained from taking 6
my part i'm our market AT the Same
line the strained condition of European .
politics and the consequent nervous or
,pprehensive state of speculation on tho
'ther side Of the ocean appear to have
ost much of their influence upon this
market and 1t is apparently realized 4
hat at present London holds compare c
lively few American stocks for specuIa-
I've account, so that selling from that
quarter Is not to be dreaded as much q
Is the street has been led TO believe. a
1t must be admitted, however. that
n the contingency Of European con-
lict and consequent complete demon
llization OF the British and continenta,
took exchanges our own market could q
lot be expected to ignore the disturbing