The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-05-18
BUSINESS IS INACTIVE.
A General Revival in Demand
Was Looked For.
FARMERS TOO BUSY TO PURCHASE.

Flour from Both Coasts of the United
states-The Week I'm Wall street.
New York, May 17.-Bradstreet's
says: The unexpected falling off in the
request for staple goods within month
results in period of comparative calm
at a time when a general revival in
demand had been looked for Whole
salers report that the volume of busi-
ness consists of filling orders, even Chi
cago not claiming more than to have
held its own in volume of goods dis
tributed. Interior merchants continue
to buy for nearby wants only, and in
many directions farmers are too busy
with field work to supply their wants
at the country stores.
The continued subsistence of the floods
in the lower Mississippi river valley has
encouraged wholesale merchants in that
region; grocers report an unusually
large distribution of canned goods west
and southwest and the extreme depres-
sion i'm pig iron prices is followed by
large western purchases. wholesale
dealers announce an increased demand
for groceries and hardware at Duluth.
st. Paul, Minneapolis, Kansas City and
Memphis.
Exports of Wheat an Flour.
Exports of wheat (nour included as
wheaO from both coasts of the Unit
States and from Montreal this week
amount to 2,1S3,S75 bushels, as COM
pared with 1,799,000 bushels last week,
1903 900 bushels i'm the week a year ago,
2,397, 900 bushels in the week two years
! ago, 2,2400 900 bushels three years ago
| and as contrasted with 3,SS5,0OO bushels
| in the like week of 1898. Exports of In
| dian corn amount to 3.096, S3i bushels,
| compared with 3,127,000 bushels last
| week, / 1865, 600 bushels in the week a
| year ago, 100000 bushels in the week
two years ago, LII 0o0 bushels three
| years ago. and as contrasted with l.
| 247, 900 bushels in the corresponding
week of 1898.
| There are 251 business failures re-
ported throughout the United States
| this week, compared with 22S last week,
| PCS in the corresponding week one year
ago. and 30 two years ago, 1856 three
years ago, and as compared with 2o5
in the like period Of 1898. There are
| thirty-one failures reported from the
Dominion of Canada this week, against
| thirty nine last week, thirty-four in the
| week a year ago, twenty-eight two
years ago, and as contrasted with
twenty-five in the like period of 1894.
The Financial Review.
Speculation in securities has become
simply an exchange of contracts be-
tween professional operators, and 1t i
also somewhat evident that the large
class of stock market traders are in
| clined to wait, and take little genera
interest in the proceedings. Uncertain
ty about the outcome Of the tariff is
principal factor i'm inducing this hesitat
ing spirit, and at the end of the Weel
the revival Of the Cuban question a
Washington in a form which, 1t Il
thought, may result in action by con
gress or the executive and the add
tional possibility of embodiment witt
Spain. has had further depressing ant
restrictive influence.
! The more cheerful tone Of the Londol
and continental markets, on the belle
that war between Greece and Turke!
would be brought to an immediate en'
I by the powers, was reflected here earl.
in the week 1t did not. however, result
in any Improvement in the foreign i'll
terest in Americans, and advices from
abroad go so far as to state that TN
, public and professionals in London ar
inclined to ignore our securities.
Some Foreign Buying Here.
, At the same time there has been som
, foreign buying here, presumably 10
continental account, which was MANI
confined to an inquiry for low-price
stocks and bonds of reorganized roads
} Union Pacific shares figuring more o
= less in this connection. The gold ship
ments for the week, amounting to w.
I 75O. 900. are naturally regarded as un
favorable, showing, as they do, that de
spite the lower level of exchange 1t
still possible for continental govern
ments and bankers to attract speci
from this side. Among the favorabl
factors of the moment the spring whea
outlook deserves the first place, and !!
{ | apparently, responsible for the snow
9 strength made by the granger stock!
, Western railroad men are quoted as be
ing sanguine over the prospective mas
nitude of the yield. and the street
g couples this fact with a belief tha
large foreign demands for preadstun
1 will result in relatively high prices an
{ thus benefit the agricultural west.
9 Public Out of the Market.
/. The buying Of stocks has, howeve
i been of very limited description, an
= commission houses are comparativei
= idle. thus showing plainly that the put
= lie is practically cut Of the MARIE
! While the selling has been mainly Z
short account. IT is also thought ths
!. the revival Of the Cuban qre-t'on ia
q brought cut quite large amount
70 long stock ED for spaou'at We accou'
On Friday the marke' was limited an
nervelsss. PRICES clirinF on s1'a
transactirrs. At tho c'cTs ih're was
n somewhat better to- ard slight rec
4 ery on inti,'ati rs th7t the serloGsoc.
= of the Cuban situatI has he exa
, gerated.
II Universal SIAM Abandoned.
Is Washington. Mag l., Tn ncv ame.