Morris tribune., 1895-08-28
BUSINESS OUTLOOK.
Trade Shows Less Activity Than
When Last Reported.
Heavy Decrease In Exports of Wheat Over
Last Year-The Great Industries Con-
tinue In Hopeful Condition
The situation.

New YORK, Aug. 24.-R. G.. Dun &
Co.'S weekly review of trade says:
1.-THE volume Of business shrlnks, as is nat
ural in August, and the shriniage seems rath-
| er larger than usual because transactions In
July were somewhat inflated for that month.
The settlement OF wages in the window
glass works foreshadows higher prices, and
the carpet workers about Philadelphia, by
proposing to accept higher wages after Sep
TENDER is, broke the ranks of employers, SO
that nearly all consented to an advance OF w
per cent. on Thursday. The strikes Of cloth
ing workers progress every day toward better
wages for the employed
Wheat, Corn and Cotton.
1.-THE price of wheat has fallen So cents dur
ing the week recovering fraction on Thurs
day, in spite of all efforts TO hold back supplies
from farms and to encourage buying. Wheat
ought to go abroad freely at present prices,
but Atlantic exports, -four included, have been
only ], 852, 602 bushels for the week against p
e94 764 lastyear and for four weeks only 434S 66s
bushels against 10,oS7, 447 last year Impress
i've stories of short crops abroad have little
weight in the presence Of such record. and
the abstention of foreign purchasers proves
more effective than the withholding Of wheat
by western farmers. Naturally the 81
cent wheat OF the Pacific coast
still goes forward freely in place
of the Atlantic supplies Corn has also
declined ~ cents, while pork and lard, with
accustomed inconsistency, rise shade as
corn declines Cotton has advanced frac-
tion to IT'S CENTS without any definite change
in crop prospects, and as usual the immense
volume of stocks carried over in mills and
commercial hands here and abroad about
5000, 900 bales American Is by most traders
not appreciated
The Industries.
ut is a relief to turn to the great industries,
in which the enormous orders placed some
weeks or months ago cause phenomenal activ-
ity for the season In iron, Notwithstanding
some uneasiness because the output has
greatly increased, heavy purchases by two
leading companies have advanced the price
of Bessemer 80 cents and a new combination
has raised galvanized barbed wire to 81 3d.
while combinations are being formed in wire
rods and common wire, and an advance in
prices Is expected Other prices are un-
changed, and the new orders for iron and steel
products are not at present large. In boots
and shoes the shipments OF old orders again
exceed those of any previous year for the
month thus far, and yet in almost every branch
the new orders are very scanty, although
prices Of boots and shoes, of leather and also
hides, are very firmly maintained
The Failure Record.
Failures for two weeks of August show liza
bilIties amounting to s3,827, 597, OF which 81,
Pla 372 were of manufacturing and 81, 879 235 of
Grading concerns In the same weeks last year
the amount of liabilities reported was $780,
415, of which ST. ,5S4, 1865 were OF manufacturing
and 81, $3.50, 1874 were of trading concerns. Fail
ures for the week have been 222 in the United
States, against 234 last year, and 43 In Canada,
against SO last year
Bradstreet's View.
Bradstreet's says:
"The volume of general trade throughout
The east, south, southwest and on the Pacific
,oast Is no larger in volume In fact, at sew
sral southern and eastern centers rather
more of quiet is reported than a week
points, with some exceptions, signs
ire conspicuous of the favorable
influence on business of the prospectively
enormous Indian corn crop, and the very
arge harvest of spring wheat AT the east
influences are found in continued
Ictivity In leading industrial lines, notably
ron and steel, the recent marked advances in
PRICES OF which metals at eastern centers is
,eing echoed from Chicago and St Louis
Mercantile collections at most western
enters remain slow, but many jobbers at Chi
ago, St Louis, St Paul and Minneapolis |
lave been rushed to keep up with orders,
which have not in all instances been confined |
o necessities.
ION the Pacific coast business is not par
lcularly active. The Oregon as we'll as the |
california wheat crop is short. Portland will |
AVE an industrial exposition in October. |
Rains in Washington have saved much vaiu- |
bile timber from fire. The clipper service |
rom San Francisco to New York has been re- |
upaed."