The daily morning journal and courier., 1895-06-22
IS A BIG CHECK IN ACTIVITY
DUE TO NEAR APPROACH OF SUM-
 INFER TN THE STAPLE LANES.

There Arc Reactions in inc Prices of Corn
 Coal, Wheat Flour and Other Items From 1 Previous High LeveIs-Rains in the West
 Were Beneficial to the Crops.
 i New York June 21.-Bradstreets says
 The feature of the business Is the GUS
 tomary check to activity to trading in staple articles of merchandise due to
 the near approach of midsummer, with
 the accompanying stock taking in some lines. In addition to this, perhaps the
 only other feature not pointing to i'm
 provement is the reactions in prices of cotton, coal, wheat flour, wheat, corn, oats, pork and lard from prevous rela- lively high levels. In almost all other directions reports on the business slt- uation and outlook reception will be favorable. Notwithstanding the reae- ton in the price of cotton cotton goods
 in some instances are higher with the
 market quiet, and likely to remain so until after July 4. Woollen goods are
 quiet, with mills fairly we'll employed
 where labor troubles have not inter- fered. Another large bank clearings total from seventy-four cities in the United States this week-$1, ,076, 900, 000-- is evidence of the maintenance of a
 relative large volume of trading, as purely speculative transactions have de- clined in volume of late. This is an in- crease of more than per cent. over the total last week, 2S per cent, over the total for the third week in June in 1894, and 1 per cent. over the total for that week in panic year. This weeks total is only 26 per cent. less than that of the like period in 1892
 Rains reported from regions tributary to Louisville, St. Louis, Kansas City and Sioux Falls are reported to have been greatly beneficial. The more active Pacific coast cities are almost alone in presenting distinct features of trade each week. San Francisco re- ports that hot winds have admittedly
 affected the California wheat crop, which now will not be likely to exceed 33o00. 900 bushels.
 Tacoma announces exports of cotton and machinery to the Orient and lumber to South Africa, while Seattle has sent a large quantity of salmon to Mexican exports. There have been no special changes in trade at western and north western ports. In tn esouthern states business continues at midsummer pro- portions, with Improvement in dry goods and groceries. Exports of wheat .(1eur as whea), both coasts, this week, amount to 2s67, BOT bushels, against l. 781, 900 bushels last week, when the was exceptionally small. l. 927600 bushels in the third week of June, 1894 and S,55S 900 bushels in 1893.
 Business failures throughout the United States this week number 231 against 195 in the third week of June, 1894 Tn the province of Ontario gem eral trade Is quite active and prospects are satisfactory In the province of Quebec business is slightly smaller in volume. Tn New Brunswick and Nova Scotia crop conditions are fair, nptwith- standing the dry weather, but in New affairs are still very unset tied, and the outlook is not encourage ing.
 The trade from Quebec city is rather more favorable than that from Mon treal. Bank clearings al Winnipeg, Hamilton Toronto, Montreal and Hali- fax amount 10 $22SS2, 900 this week, failing of 1.5 per cent from last week, but an increase of 30 per cent. over the third week in June, 1894. There are thirty business failures reported from Canada this week, against twenty-four In the week "a year ago.