The daily morning journal and courier., 1894-08-18
OPINIONS OF BRADSTREETS.
No Reductions in Prices Appear to be Probable.

|
 New York, Aug. 17.-Bradstreets to-
 morrow will say:
 Special telegraphio and market ad-
 vices summarizing interviews with more
 than 800 leading wholesale dealers and
 manufacturers at forty-seven cities
 throughout the country as to the pres
 ent effect, if any, of the prospect tariff
 settlement and the outlook us to the
 effect of the senate tariff bill should it
 become a law indicate relatively less
 enthusiasm at larger eastern centers ex-
 cept New York and Baltimore, almost
 uniform satisfaction throughout the southern states and similar advices from | the central and northwestern states ex-
 cept where serious crop damage has
 taken place. In the fur west little interest is manifested in tariff legisla-
 tion notably at Denver and Helena
 where silver attracts more attention.
 Portland fears the result of the reduce
 tion of tariff on lumber, but at San Francisco an improved demand is ex- pected and considerable freight is offer ing for shipment to China.
 A feature Is found in declarations from manufacturers of woolen goods, glassware, pottery and iron and steel at various centers of production that
 wages will probably be reduced. Inn porters of woolens are said to have the
 market this fall, and clothing manu- | lecturers, 1t is declared, should do fair business, but not try to carry over | light-weights on January 1. Cotton | merchants declare settlement of the tariff comes too lateSto help them this
 fall, and lumber dealers speak regret fully of the reduction of duty in their
 line. Opinion seems to favor the prob | ability of a nearby gain in volume of transactions in general lines due to necessity for supplying depleted stocks, but there are many who expect a reac- tion after such improvement due to the conservative influences born of the eX- perience of the past year.
 No serious reductions in prices appear probable, effects of probable tariff
 changes apparently having been dis,
 counted. Within the week prices of
 sugar, alcohol, pork, lard, cotton and
 rice have advanced Leather, too. is
 stronger, and 1t is probable that quota tions for iron and steel ore recently have gone to bedrock.
 Aside from probable improvement due to ending certainty in business neither Boston, Providence, Buffalo, Philadel- phia, Pittsburg, Newark or Rochester l merchants interviewed express notes
 worthy enthusiasm as to the trade prospect While no gain Is reported in trade circles at the south several thou
 sand coal strikers ls9 2 gone back to | work in the Birmingham district, sev- eral southern railways are calling for more coal, and southern iron works are shipping more iron than a year ago. The proposed change in the sugar schedule exerts material depression in Louisiana.
 The region west of Pennsylvania and east of the Mississippi reports almost uniformly trade conditions were gains of demand and industrial activity, ex- captions being the Indiana and Illinois pottery industries and among the In- diana clothing manufacturers, who re- port they expect to reduce wages. Country merchants in the two states named have been buying heavily from Chicago jobbers, but the city's trade from regions west of the Mississippi has fallen off St. Louis continues the ex- ceptionally favorable reports of pre- vious weeks, with the feature that the demand is increasing.
 The more important cities in Wiscon- sin and Minnesota report an improved outlook for trade, and an increase in the volume of business due to more favor able crop returns. Increased demand is noticed for groceries, hardware, cutlery and shoes. The serious damage to corn in Kansas has had an unfavorable ef- feet at Kansas City, crop damage in that state as well as in Nebraska and Iowa overshadowing other conditions and characterizing trade reports from Lincoln, Omaha and Burlington.
 Bank clearings at eighty-four cities for this week aggregate $791, 100000 a gain of 2 per cent. over last week and 8 per cent. over this week a year ago, but decrease of 21 per cent. from this week two years ago.
 The number of business failures in the United States this week is 234, against 409 in the like week la st wear