The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-07-13
CONDITION IS UNCHANGED
1T SOME POINTS IRE SIGNS OF IN
DUSTRIAL AsrTIYITY.

Bradstreets in the Report OF the Week Says
That Prices Generally Continue Strong
Good Total in the Bank Clearings-A air
Volume of Business In the West is Re-
ported.
New York, July 12.-Bradstreets' to-
morrow will say: At the close of the
second week in July the condition Of
trade generally remains practically un-
changed, although commercial and in
dustrial activity at many points con-
tinues more conspicuous than usual at
the midsummer season. Prices gener-
ally continue strong, exceptions be-
ing found among the cereals, hog pro-
ducts, coffee and lead, while as signifi-
cant as anything else are the excep-
tionally favorable outlook for trade in
the fall.
Almost all recent cereal crop reports
except those which have been called
official have been the most favorable.
Bessemer pig iron is higher again, $14
being asked at Pittsburg and SIS ex-
peeted in the near future. Steel bill
let's are also higher, as are galvanized
and black sheets, hides and manu-
factured very generally. Heavy re-
ceipts of cattle and hogs, good crop
reports and reduced purchases of wheat
abroad will explain reactions in the
commodities referred to, while sugar,
print cloths and cotton have remained
firm at last weeks quotations. New
business in dry goods is quiet, but
prices are steady and dress woolens
flrmer on the higher price Of raw
wool,
Bank clearings throughout the coun-
try this week present the largest total
since the period of panic in 1893, 81,
146,000,000, 80 per cent. larger than in
the second week of July, 1894, IA per
cent. larger than in the second week of
July, 1898, and one-half Of per cent.
larger than in the second week Of July,
1892. Among eastern cities there Is a
change for the better at Pittsburg,
Philadelphia, Baltimore and Providence.
Manufacturers of woolens and jewelry
report a better demand, while all forms
Of iron and steel are in active re-
quest, these features resulting in the
stimulation of business in other lines.
With few exceptions trade is quiet and
summer dullness prevails throughout
the south. The exception is with re-
spect to the iron mills, which are
running on full time. This is conspicu-
Gus at Chattanooga and is beginning
Gus at Chattanooga and is beginning tc
be so at Birmingham. At Atlanta sales
of hardware are large, but those OF
smaller New Orleans reports only a
fair volume of business, less than was
expected.
At many cities throughout the west
ern and northwestern states merchan.
disc markets presented the dullness in
cideut to the first half Of July. At Chi.
cago the volume is heavier than eX.
pected at this time. Collections are
good and the crop market is favorable
st. Louis, Kansas City and Omaha all
report fair volume of business, prices
hardening, and an unexpectedly favora-
BILE crop outlook.
On the Pacific coast trade conditions
continue favorable. The construction
of the San Joaquin Valley road is aid.
tensive wheat engagements at Sar
Francisco leave the port bare of ton
mage. Portland, Ore, reports prospects
Of good fall trade and Improvement in
the salmon catch. Washington crop re-
ports are encouraging and there are
thirteen ships loading with lumber al
Tacoma. At Seattle there Is notice.
able increase in mill operations and car
go shipments. Exports of wheat, foul
included, amount to 2.317,000 bushels
this week, against 1887, 900 in the second
week Of July, 1894, and 4,134,000 in that
week In 1898.
June railway earnings show continued
Improvement in the largest gain for any
month within two years. Total earn
ings of 120 roads for June aggregate $780,.
469, ,745, an increase over June "a year age
| of per cent For six months ending
with June this year the earnings Of II:
roads with over 100000 miles Of mair
line) aggregate 1924, $4,000, a gain over
last year of 2.5 per cent, following a de.
crease In six months, 1894, from 1898
from 1914 per cent. The only notable
falling off in June is that in earnings o1
the southern roads, caused by the Goa
miners strike on the Norfolk and West
ern road. Encouraging features are in
creases in the earnings Of the Pacific
and southwestern groups.
There were 266 failures in business In
the United States this week, compared
with 229 In the second week of July, 1894
and 39S in a like week in 1893.
The usual summer season of dullnegs
is reported from the Dominion. Al
Quebec business Is more active. Al
Toronto wholesale business is without
feature and the crop outlook is less
encouraging.