The daily morning journal and courier., 1894-06-30
THE BUSINESS SITUATION.
BRADsTREETs REVIEW FOR THE
 WEEK.

A Variety of Fcatures-some Arc Favor-
 able Others Arc Unfavorabis-Reyivai in
 the woolen Mills and Other Business
 Branches.
 New York, June e2o.-Bradstreets says number of unfavorable features threaten to affect business stability. At New Orleans trade in all lines Is snfaller. At Nashville and Birmingham, Ala, 1t is dull and without sign of early im- provement which Is true also at Port land, Ore. Important among the favor able features are the rains in the South Atlantic, Gulf, south, central and north- western states where crop damage has been feared, with resulting gains to small grain, cotton, fruit and vegetables. New England woolen mills at work on dress goods and mems wear report Q moderate revival in orders, and shoe shipments from eastern factories hold up well, while Boston banks report in- creased demand for loans and Provi- dence jewellers fair orders for autumn delivery. Demand has increased for paints, oils and glass at Pittsburg and for iron at Philadelphia, St. Louis and Chicago at the latter points the market being flrmsr.
 The most favorable report comes from St. Louis, where the volume of business after marked increase within week is reported about natural. Kansas City jebbers announce receipt of fall orders in staple lines, and Mil waukee bankers report the demand for loans is increasing. Jobbers at the three large Minnesota cities report an improved feeling among country mer- chants in that state, and North Dakota reflected in orders recently received. There is an improved trade at Memphis. Jacksonville and Charleston. due pri- marily to the effect of rain on the crops. Atlanta announces the volume of trade for June equal to that in June last year and that country merchants are order ing for future delivery. There is more activity in nearly all lines at Augusta and the demand for cottons is heavier. Continued improvement is reported from Galveston, where collections are easier.
 Exports of wheat equal 1,747, 1000 bushels against. 8,971, 900 in the last week of June, 1898. The total number of actual business failures in the Uni ted States in the last six months (fall- ures in which assets are less than liabiii-, ties) is 6,528, which is more than in any preceding similar period, an increase of 4.6 pet cent. compared with the first half of 1893 and 22 per cent. more than in six months of 1892. sa The present tendency. in the number of failures to decrease is shown by the fact that while at the end of the first quarter of the current year the increase over the like period last year was 900 failures, the increase this year over last at the end of 8 half year is only 2SS failures. The New England failures of the period were 1,009, with assets of $4, 3s1, 971. Last year there were 919 failures with assets of $6, 6s9, 403 in the first half of 1898. f--,. Gt
 Trade in the province of Ontario has been quiet, owing to the election Tues- day. There is no feature in the trade situation in Nova Scotia beyond favor- able crop prospects. Demand in staple lines in the province continues moder- ate. Exports are restricted and buy CTS generally are filling immediate wants only.
 Bank clearings at Hamilton, Ontario, Montreal and Halifax aggregate only $15,512,00O this week, 5.5 per cent. less than last week and 13 per cent. less than in the last week in June last year. There are 97 business failures in Can- ada and Newfoundland reported since January 1 against Ss7 in like portion of 1893. The increase in total loans in the first half of this year Is to $9,50S, 600 from $S,116,OoO in a like period of last year.