The daily morning journal and courier., 1895-11-16
THE CONDITION OF TRADE
TR IS 4 FALLING OFF IN THE DEMAND FOR IRON AND STEEL.


 Sradstrssts Report Says That October
 Gross Railroad Earnings Reflect Gener-
 ally Improved Trade-Short Cotton Crop
 in Texas-Trunk Limos, Though, in the
 South Show Increases.
 New York, Nov. 15.-Bradstreets says: The condition of trade continues irreg- ular. There is distinct falling off in demand for iron and steel, with perhaps the heaviest reaction In quotations re- ported in any week since the late boom in those metals reached Its climax. Gen. tral western cities continue to feel ths unfaVorable influence of unSeaSonably mild weather, which is true as well of cities in the northwest. Then there is the longest list of decreases in quota tions for merchandise, wheat, corn, oats. pork, lard and coffee, among food products; cotton and print cloths and lumber, copper and lead, and weaker for tin plates The converse includes | an unexpected improvement in woolen | goods, increased orders for manufacture CTS and higher prices for several quail | ittes of goods. In addition there is a continuance of the improvement report ed for weeks in banking clearings, as well as in gross earnings reported by railways having 100000 miles of main lines. | October gross railroad earnings reflect generally improved trade and an espe- cially heavy movement of spring wheat is the largest gain shown for any month but June and July this year. A heavy falling off in southwestern earnings is attributed to the shortage in the cot- 1 ton crop in Texas The total earnings during the month of 125 roads gives $54,- 000,000. All the trunk lines and nearly ! all the southern roads show increases the latter in spite of the short cotton crop. For the ten months this year the total earnings of 124 roads aggregated $421, ,101, ,963, an increase over last year of AT per cent, following a decrease in 1 1894 from 1893 of 12 per cent. Every group of roads shows a. gain for the ten months period this year over last, the central western group showing the lar- gest increase and he southern roads the smallest gains.
 Bank ciearings at cities throughout the United States aggregated $171, 100000 l this week.
 AS compared with the corresponding period of 1892, the falling off is 12 per cent. Features on the Pacific .ncluda ample disengaged wheat tonnage at San Francisco, an increased flour trade with the Orient and a growing exoprt busi- ness from Tacoma.
 ,>ay,, Iu,l wheat for both coasts of the United States and Montreal this week aggre- gated 9,225,0O0 bushels the largest weekly total this year since the middle | of January The total in the week a year ago was 2,909,OOO bushels. Total exports of Indian corn from both coasts of the United States this week amount 1 to 1921, ,O00 bushels, 50 per cent. more than last week and the largest weekly total of exports of Indian corn since the third week of April, 1894. There are 279 business failures reported throughout the United States this week, compared with 2S0 in the week a year ago The increase in the number of failures over last week is more than accounted for by southern and New l England strikes. General trade throughout the Dominion develops no change when compared with preceding weeks.
 At Montreal the tone of business iS firm and higher prices are expected for many staples. At Quebec City the vo1- ume of business is only moderate and collections are slow. Most shoe facto- ries there are running on half time and improvement is not expected prior to | December 1. Jobbers at Toronto report 8 sorting-up trade without special fea- ture, except that collections are satis- factory. A fair volume of business throughout Nova Scotia is reported by leading iobbers at Halifax, who also announce collections prompt Banld clearings at Winnipeg, Toronto, Ham, ilton, Montreal and Halifax aggregated l $25, 3S7 900 this week, nearly per cents more than last week and 12 per cents more than in the like week a year ago. Business failures throughout the Do@ minion this week number g.