The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-07
BRADSTREET SREPORT
Condition of Trade Throughout
the Country.
PREVIOUS ACTIVITY MAINTAINED.

Some Wholesale Merchants i'm Western
Centers Report the Largest August Trade
ON Record-General and Unprecedented
Expansion of Prices for staples Contin-
ues-ENports of Wheat and Corn BUSH
ness Failures of "A Week-Stock Market.
New York. Sept. 6.-Previous activity
in all lines Of trade is maintained, says
Bradstreets. There is a better tone to
the demand from jobbers, and the vol
ume of business in wool, leather, cloth
ing. hats groceries and light hard
ware has increased There Is a better
request for wooden and cotton goods,
jewelry and rubber goods and for boots
and shoes. Some wholesale merchants
at western centers report the largest
volume of August trade on record
There has been an increased consump-
ton of cotton by southern mills. West
ern iron an; steel mills have orders to
keep them busy until Jan. /. In the
central western states the bituminous
coal strike has had a further depress-
ing effect upon the general industrial
situation. At the northwest some COM
mercial houses have had to work over
| and the warm weather is reported to
| have practically assured the Indian
| corn crop. On the Pacific coast wheat
exports have been checked by inability
to secure crews for vessels. Mercantile
collections have greatly improved in
some sections
Expansion of Prices Continues.
| Last weeks general and unprecedent-
| al 80 fa,. Gf NIL
| tinued, wool, cotton and wooden fabrics,
| hides, leather, white pine lumber, SASH
es and doors, iron and steel bars, bill
let's and rods, wire nails, wheat, corn.
lard and sugar having advanced, and
higher prices being expected for boots
and shoes. Lower prices are recorded
for cotton. wheat, flour and coffee, while
those for oats, pork. print cloths, pc
troleum and coal are unchanged
This weeks export of wheat (and flour
! included as wheaD are the largest with
two exceptions, the second week of
September and the fourth week of Au-
| gust, 1891 Total shipments amount to
| $685. 47 bushels, against 5.149,653 bush
els last week. S,369,S62 bushelA last year
2,260, 261 bushels in 1895, 3,207, go bushels
in 1894, and 1902. 900 bushels in 1898
Shipments of corn are also large aggre-
eating 3,1S5,064 bushels this week.
against 1884 bushels last week, q
527,526 bushels last year, 1,4O5.37O bush
els in 1895, $4,000 bushels in 1894, and
672,S75 bushels in 1898.
Failures of the Week.
There are only 1913 business failures
reported throughout the United States
, this week, against 210 last week 334 iI
| he on
ago, POS three years ago, and as con-
trasted with 379 in the like week o
1893. There are thirty business fail
ures reported from the Canadian do
minlon this week. Last week the tota
was thirty nine, and a year ago it wa
thirty.
Bradstreet's review Of the stock mar
ket says: Stock prices have continued
to advance this week and the trading
has been upon an exceedingly larg
scale. The market has at times beel
excited, and while manipulation by bul
leaders an dcliques is apparent. ther
has also been a growth of public partic
ipation. The market was influenced b
e denials that there is any widespread q
serious damage to spring wheat and b
reports minimizing the danger of frost
= in the corn belt. The western railroad
$ are stated to be overburdened with graf
freight and the abundance of freigf
has spread to the trunk line roads an
those of the south and southwest.
Most Important Factor.
The improvement in the iron ira le
), considered most important factoc f.
!, the railroads, while the expected SCI
!. tlenent of the soft coal miners striiS
would remove the only disturbing eli
cumstance of Importance. Railroa
- earnings, almost without exception
:, show large increases. Much OF tn
= speculative movement this week ha
been based on reports as to the prof.
: able or possible increase Of dividend
= with payment of them by companie
which have not heretofore yielded a -
!. turn upon their stocks.
a Low-priced securities have been I'll
object Of much attention and considers
:, BILE buying. though the chief movement
= of the week were in stocks which ma
- be classed with those in the Vanderoi
- group. On Friday the market w&s a.
y tive, strong and excited under the lea
y Of st. Paul and the granser stocks.