Birmingham age-herald., 1895-07-13
T IS COLOR OF TIE ROSE -a
 The Outlook for Fall Trade Is Bright. -fA4e
 HEAVIEST BANK CLEARlNGS
June Earnings of Railroads the Largest Htho s45. Two Years.
MORE FURNACES ARE GOING INTO BLAST
The Demand for Structural Steel Is Enor- nous = A Furore in nsWoc1 = Cotton 4 Goods Continue Active and
 Strong Trade Summary
New York, July 12.-Bradstreet's to-

New York, July 12.-Bradstreet's to- morrow will say:
 At the close of the second week in July the condition of trade generally remains practically unchanged, although com merciaI and industrial activity at many points continues more conspicuous than usual at the midsummer season. Prices generally continue strong, exceptions be- ing found among the cereals, hog prod ucts coffee and lead, while as significant as anything else, are the exceptionally favorable outlook for trade in the fall and the encouraging prospect for the wheat and corn crops throughout the central, western and northwestern states.
 Bessemer pig iron is higher again. S14 being asked at Pittsburg and $15 expected in the near future. Steel bllets are also higher, as are galvanized sheets. hides and manufactured goods generally.
 Heavy receipts of cattle and hogs. good crop reports and reduced purchases of wheat abroad will explain reactions in the commodities referred to, while su gar. print cloths and cotton have re- mained firm at last weeks quotations. New business in dry goods is quiet, but prices are steady and dress woolens firm CT on the higher price of raw wool.
 Bank clearirgs throughout the country this week present the largest total since the period of the panic in 1893, $1.146, 000.000, 30 per cent larger than in the sec ond week of July, 1894, and IA per cent larger than in the second week of July, 1893
 June railway earnings show continued improvement in the largest gain for any month within two years The only not able falling off in June is that in the earn ings of the southern roads. caused by the coal miners strike on the Norfolk and Western railroad.
 There were 266 failures in business in the United States this week, as compared with 197 last week, 229 in the second week of July, 1884, and 39S in like week in IS93
 Among eastern cities there is a change for the better at PittSburg, Philadelphia, Baltimore and Providence.
 Manufa cturers of wooen and jewelry report a better demand, while all forms of iron and steel are in active request, these features resulting in the stimula- tion of business in other lines
 With few exceptions general trade is quiet, and summer dulness prevails thoughout the south. The exception IS with respect to-iron mills, which are run ming on full time. This is conspicuous at Birmingham. At Atlanta sales of hardware are larger, but those of dry goods shoes and groceries are smaller. New Orleans reports only fair volume of business, less than was expected.
 Dun's Report.
 New York, July 12.-R. G. Dun Co., in their weekly review of trade, will say tomorrow:
 A business flood, so strong and rapid that the conservatives fear it may do harm, is out of season in July. But the tl,ip Ia n each other. May frosts and frights, IL is now evident, kept back much business that would naturally have been finished before midsummer and the delayed cul. animation of one season gets Tn the way ol efforts to begin another on time. But the volume of business, however It may be measured, is remarkably large for the month.
 Cotton has not changed, though specu- lation still turns wholly on prospects, regardless of enormous stocks carried over In Europe the manufacture lags, but here is satisfactory.
 The weekly output of pig nsl was I'll ,194 tons, having risen lS,970 tons m June, and other furnaces nave gone lnto operation since July 4. The rapid rise in prices has brought into operation many additional works, and there IS still a rush to buy before prices advance fur- ther Influential manufactures are sending out warnings that the rise may easily QO mlScnleI, anu piiCCo He1NC III fact advanced nearly per cent in two weeks but are still l5 per cent lower than in October, 1892. The demand for struc- tural forms is enormous Bessemer pig has advanced to $14.40 at Pittsburg and wire nails to $1.55. both higher than in October, 1892; gray forge to $11.25; struc- tursl beams to s1.25 and angles to $1.35.
 Wool is still advancing with enormous sales As the sales are about four times the weekly consumption, it is evident that the market is essentially specula- tive, but the rise abroad has set the coun- try ablaze, so that western holders are asking even higher prices than hereto fore. Scarcity of domestic wool helped them and the enormous sales of foreign only compensate for the reported de- crease in the domestic clip. But buying by most manufacturers is already af- fected and at the prices now asked for wool some manufacturers are doubting whether corresponding value for goods can be realized Opening prices for many light weight goods show great irregular ity perhaps majority being on a par with-last year, but some lower and some higher.
 Cotton goods continue active and strong, with comparatively little diffi- culty as to labor The northern mills have taken little over 100000 bales in the past three months since cotton was be- low 2 cents, but with cotton bought cheap for five months ahead they are able to do good business.
 It is not the season for activity in boots and shoes, and orders have fallen off. Prices of~shoes. leather and hides are as stiff as ever.
 Foreign trade is not quite encouraging, exports for July showing a large de- crease.
 The failures for the first four days of July show liabilities of $1 .258.50 of which $3S6, ABA were of manufacturing. and s702- 066 of trading concerns. Failures this week have been 253 in the United States, against 247 last year, and S5 in Canada, against 49 last year.
 If your grocer asks you to buy some