The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-08-03
LARGER VOLUME OF TRADE.
COURSE OF PRICES CONTINUES UP.
WARD IN MANY LINES.

NO hanges-Improveme in the In
dustriai Situation--orders for Iron and
Steel Leads in Interest.
New York. Aug. 2-Bradstreets this
week says: The week presents a larger
volume Of trade in many lines and
at many points than In the weeks
before and one year ago. The rush of
orders for steel and iron leads in in
terest, displaying remarkable strength.
West manufacturers have been obliged
to purchase eastern billets to meet
their orders
Less confidence is placed in last weeks
rumors of serious damage to the spring
wheat crop in Minnesota and the Da-
kotas and another conspicuous feature
of the week is the evidence of reviv-
| ing confidence on part of western and
northwestern interior merchants now
that corn and spring wheat crops prom
Use well. This is shown most plainly at
Chicago st. Louis, Milwaukee and st.
Paul, where order, demand and sale
to buyers in person have increased to a,
striking extent.
At the south general trade remains
of as moderate volume as previously
noted. Nashville and Galveston alone
| report material gains There is a, bet-
| ter outlook and feeling at Charleston.
| but elsewhere midsummer quiet rules.
All the mills are busy at Augusta. De-
lay in paying the sugar bounty affects
trade very unfavorably in Louisiana.
1or a,ta u,
| no changes beyond better demand in
| leading staple lines at Baltimore, New
York and Boston based on improving in
terror demand for fall delivery. Trade
on the Pacific is of moderate volume,
| fair for the season, Tacoma and Seattle
| reporting an expansion of demand and
| Portland and San Francisco no material
| change.
| The course of prices still continues
| upward for many leading articles, not
ably copper, which has had quite a
| speculative advance at Boston, the quo
| tation apparently being held at IL cents.
contrasted with 91s earlier in the year.
| Pig lead Is also higher. Wheat flour
is higher than a week ago. Lumber
| and wool are reported steady and firm,
but petroleum is lower on increased pro-
| duction. At western markets hogs are
| lower and at tidewater prices for an
| thracite coal are admittedly demoral-
lied
| Bank clearings for July aggregate
$4,53S0OO, about $156 100000 more than In
| Jue and more than in any preceding
month this year except May They are
| the heaviest for July within twelve
| years. Seven months clearings are
about 16 per cent. larger than in 1894,
but Is per cent less than in 1898 and
1 16 per cent. less than. in 1892.
| The Industrial situation is somewhat
improved through the probable success
| Of the striking New York tailors, start
| ing up of new enterprises and fur
| ther increase in demand for leading
manufactured staples, notably in iron
| and steel. At Chicago coke and iron
manufacturers have been refusing or
ders. Sales of fall prints are moderate
thus far. Prices of ginghams tend up
| ward, while mems wear woolens are
in some instances selling at an advance.
| Exports of wheat, flour included as
| wheat from both coasts of the United
States and from Montreal show a mod
| crate increase over a. week ago, the
| total being 1,46O,O00 bushels, a gain of
about 20O,0 900 bushels. This due to in
creased exports of flour, principally
| from New York, Baltimore and New
| port News. The weeks total was o.
977 900 bushels a year ago and 5,622,000
| two years ago.
| There are 221 failures in business re-
\ ported this week as compared with 220
| in the week year ago.
General trade throughout the province
of Ontario remains seasonably quiet,
with the volume for July less than
that for June. There is no Improvement
| in business circles at Montreal, although
the outlook is encouraging. Halifax ad-
| vices are that the hay crop will be
an average one, the fruit harvest abun-
dant and the out-turn Of grain favora-
BILE. The hay crop in New Brunswick
will be light and on Prince Edward
Island harvests will be fair, though the
weather is very dry
There are "a failures reported from
Canada this week against 81 in the week
a year ago. July bank clearings at
Montreal, Toronto, Halifax and Hamil-
ton aggregate $87, ,453, 900, an increase
of 21s per cent. as compared with July,
1898. and falling off of nearly per
cent. as compared with 1892.