Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1895-07-24
STATE OF TRADE.
Less Activity Reported In the
Bushes SO World.
Much of the Future Depends on the Crop
Yield-An Abundance of Money Noted
Further Advances in Wages
Strikes More Numerous.

New YORK, July 20.-R. G. Dun &
Co. S weekly review Of trade says:
"The weeks news is not entirely encour-
aging, but Is all the more natural because
there are signs of midsummer dullness. Wheat
prospects are not quite so good as last week,
but still there are lower.prices, corn and cot
ton have been lowered. The exports of gold
and the less favorable treasury returns for July
are not unexpected and mean nothing as to
coming business There is u perceptibIe de-
crease In the demand for most manufactured
products and the actual distribution to con-
sumers naturally lessons in midsummer. There
are still numerous advances in wages. but
strikes grow more numerous and important
Plenty OF Money. E rs
Money is still abundant and. while there is
much more activity in commercial loans, it is
not what would appear II all industries were
fully employed The volume of exchanges
continues nearly as large as In 1892, because
of the delay in spring operations, and, though
rapidly shrinking to simmer proportions, is
81 per cent. larger than last year.
Depends ON the Crops.
1.-The future turns on crops. and the market
reflects q prevailing belief that the crops
are to be fair. Stocks carried over are such
that yield Of 100000 bales OF cotton and
12o,OOOOOO bushels OF wheat would meet all
needs, but lower prices prophecy larger yields,
and Of corn probably the largest on record.
Western receipts of wheat, not half last
yeac'S express disappointment at prices, while
exports for the week. about q quarter OF last
years, show that foreign dealers are not
regarding the situation with anxiety Nor
do British accounts indicate any anxiety about
cotton, while efforts are reported by some
American mills to sell part of the large stocks
taken some months ago, apparently exceeding
their needs for tho year. If unfavorable to
some spectators. these are cheering lndi-
cations, for it is better to have fair crops than
to get higher prices for what remains
The Failures.
Failures in eleven days of July show liabil-
tiles of S3,503, 1882 this year against 81. S06
last year. Failures for the week have been
256 in the United States against 226 last year,
and 80 in Canada against A last year"
Bradstreet's View.
Bradstreet's says:
"All the previously reported favorable in
dustrial and commercial features are con-
tinued this week, the endurance of the re-
v1val in demand for iron and steel, the further
advances In prices OF the same. and additional
increases of wages of industrial employees, be-
ing the most significant
notwithstanding the season of prevailing
midsummer quiet in some lines of general
trade the volume of general business through
out the country is largely in excess of that one
year ago. The only decreases in prices Of i'm
portance noted are in wheat, flour, corn, cot
ton and lard, while previous advances are
firmly maintained by closing quotations for
hides, leather, iron, steel rails, print cloths,
wool, woolens, pork, coffee, sugar and live
stock.
Evidence Of the continuance of the activity
recently shown in production and consumption
is afforded in higher prices this week for Bes-
semer pig iron. steel billets, bar iron, copper,
petroleum, paper some building materials
and for oats.
Situation at Many Points.
1.-THE expansion of industrial activity ut
Chicago, St. Louis Louisville and Cleveland
stimulates the distribution of merchandise
staples generally. Country buyers are present
in unusually large numbers. In Nebraska the
corn crop will be very large and in South
Dakota the crop prospects are as nearly per-
feet as possible. Duluth's lumber mills are
largely sold up All central and northwestern
cities report merchants counting on large
volume of fall trade. Pacific coast advices
are that the California wheat crop is
thrashing out poorly. but in the northwest
ern spring wheat states, the prospects for a
crop are OF the best. Nebraska will produce
an unexpectedly large crop of Indian corn, and
the total yield of corn in the country will
probably exceed even previous large crop
views" E