Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1895-08-21
BUSINESS OUTLOOK.
Present Midsummer Dullness In
Trade Was Due in July.
Dun and Bradstreet Look Over the Ground
Carefully and Present Reports on
the Situation In Vari-
GUS Lines

New York, Aug. 17.-R G. Dun &
Co. in their weekly review of trade say:
ut is q belated season: frozen May set
everything back. The heavy business which
ought to have been done in May and June was
pushed into July, so that the midsummer de-
cline due in July, comes in August With
this in mind, one is not surprised to ina
the snrinkage from July to August rathor
more conspicuous than usual Financial events
are used in speculative markets to create
apprehension Exports of gold have con-
tinued this week, and while the syndicate has
deposited enough in the treasury to keep tho
reserve intact. the impression grows that
another sale of bonds may be made. Exports
are falling below last years, in two weeks OF
August, SO, $4,000, or 20 per cent, while
imports show small increase Of 5h per
cent Government receipts for half OF August
are T,18l 1856 less than expenses. The dlsap-
pointing crop reports of last Saturday, though
evidently distrusted, lessen confidence In re-
gard to the future of trade, even while some
spectators gain by them. Back of all doubts
is the fact that the industries are doing better
than any body could have expected.
Crop reports modified expectations as to
cotton and wheat and cotton spectators
have bought lifting the price fve-sixteenths
while wheat, with more evidence OF loss In
yield. has declined IL. According to govern
ment reports the crop OF each would be about
two-thirds of the maximum.
Failures for the week have been 1856 In the
United States, against 229 last year, and 80 IN
Canada, against 45 last year.
Bradstreet's View.
New YORK, Aug. 17.-In his weekly
report, Bradstreet says:
Midsummer quiet is more onSp1cuouS than
q week ago, though less so in industrial than
in commercial lines AS rule leading manu-
featuring industries are exceptionally busy
~ &c ,unrr o6d IA
the increase in output of demand and prices
for iron and steel still continues.
The Railroads.
Gross and net railroad earnings returns for
the first half of the present year show very
satisfactory aggregate gains over last year, a
period of great coal and railroad strikes and
of financial and industrial depression and de-
rangement.
MANY in the trade were surprised by the
very unfavorable cotton crop report by the
government. and the price of cotton speedily
advanced Steel billets have also been marked
up, as well as some varieties OF print
cloth. Quotations for flour, oats, pork, sugar,
copper and wool have remained firm but un-
changed while declines are recorded by In
dian corn on very favorable crop, by lard and
by wheat, notwiths landing the statistical
strength of the cereal in every dfrec ton ex-
cept exports.
Situation at Many Points.
"Jobbers in the more important staple lines
at Chicago. St Louis, Kansas City. Omaha,
Milwaukee, Minneapolis and St Paul report
an improved demand. The outlook at all those
points is for an active fall business, and the
larger among them report country merchants
are personally selecting fall stocks quite as
freely as expected. Kansas City dealers do
not regard an early advance in prices Of live
stock probable. At Omaha country merchants
are said to be buying more freely than for
years. At San Francisco leading commercial
lines are quieter. Hop picking is about to be-
gin on the coast with the outlook for only
moderate crop The wheat crop prospect in
California is rather less favorable. Forest
fires are raging in the vicinity of Seattle The
canneries expect a larger catch than last
year.