Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1895-07-31
BUSINESS OUTLOOK.
It Continues to Be of Most Sat-
isfactory Nature.
Scarcely Amy Shrinkage Noticed-Money
Market I'm Good Condition The
Failure Reconsideration at
Various Points.

New YORK, July Pr. G. Dun e.
Co. IS weekly review OF trade says:
1T is not the season for the tide of business
to rise, but there is perceived scarcely any
shrlnkage except that which comes naturally
with midsummer heat Lateness of spring
trade threw heavy settlements into the
second week OF July and clearing house
payments are now almost quarter smaller
than in that week, but are 81 larger than last
year, and only 0 per cent smaller than in the
same week of 1892 The volume Of
new business is small compared with
recent months, but large enough to encour-
age more opening of long-closed works, and
more advances in returns to labor. Impor-
tant strikes show that the advance is not
enough for some, but seem not more threaten
ing than week ago. The small shipments Of
gold countfo nothing, and money markets are
undisturbed
The Grain Markets.
Accounts of shrinkage in the yield of wheat
come both from Pacific states and from the
Dakotas. 1t would be a strange and unnatural
July without such reports and yet they have
weight enough this year to lead even the most
experienced to reduce somewhat their esti-
mate of yield, while the price has advanced
Sd cents this week
Corn advanced about a cent with wheat,
but has since lost all the gain. Cotton has re-
manned unchanged at cents, although the
latest reports favor larger estimates of yield
a circular by Neill going much beyond other
figures It is somewhat significant that the
stock markets show entire Indifference to crop
reports.
Financial Affairs.
1.-THE financial situation is not disturbed by
gold shipments, nor by the large excess of
treasury expenditures, amounting to about
S12. 100000 Receipts are naturally better in
July than in most other months, but expenses
To on
out for crop moving and the demand for COM
mercial loans is not as large locally as it
should be.
The Failure Record.
Failures for seventeen days of July show
liabilities of s6,599751, of which 1893 ,528
were of manufacturing and s3,924,8 81 of trad
ing concerns. A year ago corresponding re-
ports covered S. 81, $685. of which &c. ,93s were
of manufacturing and S. 483,011 of trading con-
Germs. Failures for the week were POP in the
United States, against 249 last year, and 27
in Canada, against 80 last year"
Bradstreet's View.
Bradstreet's says:
1.-The most striking features of the business
week are the influences of improved crop pros
poets and the continued large demand for
iron and steel, with one of the largest
makers in the market as a buyer of
Bessemer pig. Most of the commercial and
industrial features of the preceding week are
retained. The volume of trade has not varied
materially, but in instances is larger than at a
corresponding period last year Trade in al
most all lines is fairly active for the
season and the general tendency of mercantile
collections is toward greater ease. CONNER
cial travellers are being sent out in all leading
lines, and reports from those now on the road
appear to meet expectations
Situation at Various Points.
Among larger eastern cities no striking
changes in the condition Of trade are reported.
Central western cities, among them Cleveland,
Cincinnati and Louisville, report the
usual volume of midsummer business. Fair
orders are being received by jobbers and
merchants at both Chicago and ST. Louis but
no pronounced revival in the demand for fall
is expected there until after August
/. country merchants preferring to await corn
crop prospects at that time before giving out
orders
"At northwestern cities-Milwaukee, Du-
luth, Minneapolis, St Paul and Sioux Falls
there is the customary volume OF midsummer
business, with prospects for greatly i'm
proved fall trade. Lake traffic has increased,
the -four and lumber industries are more
active and jobbers in general lines anticipate.
an early increase in the demand for staples