The daily morning journal and courier., 1895-06-29
PRICES MADE A GREAT JUMP
TR FIRE WAS 4 LARGE DEMAND AT ONE TIME TOR IRON AND STEEL.

| New York, June 2S.--Bradstreets to-
 morrow will say: Dominating business conditions of the week are the c9ntin- ued large demand for and further in- creases in prices for iron and steel. The jump in rail prices, and the scarcity of and higher quotations for plates
 and nails, have tended to produce the temporary scarcity, Improving wheat
 conditions have finally convinced many
 in the trade that there are likely to be
 fully 425,O00, 900 bushels harvested in the
 United States this year, which, with a
 probable available" surplus of 50,0Oo,000
 bushels being carried over at this time,
 points to only 1OOOOOOOO, possibly 11O,-
 00O, 900 bushels or more, available for
 export during the next twelve months,
 which is less than in any year since
 1890. With short crops abroad, in some
 instances, this can hardly fail to bring
 a higher range of prices.
 Export of wheat (and flour as wheat)
 both coasts of the United States and
 from Montreal amounted to only l.
 946, ,402 bushels this week against 2,S57,-
 GOO bushels last week. The decrease is
 largely of flour shipments from New
 port News, Boston, New York and San
 Francisco. The exports in the week a
 year ago were 1,717000 bushels, and B.
 971, ,000 bushels two years ago.
 Total bank clearings, S1,011 ,000,090
 while smaller for all cities than week ago by 6.5 per cent, are 32 per cent.
 larger than in the last week of June of 1Sg4, and per cent. larger than in the week in 1893, a month after the panic had gotten fully under way, but 2 per cent. smaller than in the corresponding week in 1892 With the further advances in prices of iron and steel should be coupled the gain of 1c per pound for wool, which apparently began its jour- ney to higher level about fortnight ago. Better quotations hsve also been made for cheaper grade woollen goods, for prints, Bessemer pigs, billets, wheat, pork, lard, hogs, shoes and copper, while declines are recorded for flour, corn, oats, coffee, cotton, naval stores and cattle.
 Business failures in the United States for six months show marked falling eff in the second quarter of this year, ss was to be expected, but not so great O decline relatively as in the second quarter of 1894, which results in a total for six months of 6,597, or per cent. more than last year, per cent. more than in 1893 and per cent. more than In the first half of 1891 after the Barring crash But total liabilities (which l amount to $79, ,707, S61, with 55 per cent. of assets) have shrunk more than $3,- poo, 900 from last year, and more than i one-half within two years, pointing to ] the excess in the number of failures ! being due rather to continued effects i of the recent business disturbanc on ! smaller enterprises than to new an | conditions.
 The failures in New England for the l past six months numbered 955 against l ,009 for the like period last year. The,l liabilities are $12569000 against $10,- ] y64, 900 last year; and the assets $6,022,- i9S against $4,3S1, ,970 last year
 Improvement in business in New Is shown more particularly by |. he failure of the Olheyville worsted mill strike, and the return to work # 1000 operatives greater firmness for eather and continued activity at shoe actories, and a rather better demand Or hardware and iron and steel.
 At New York there is nearly the isual volume of midsummer trade in taple goods. At Philadelphia Ghe inn in demand for staples and or iron and steel, as well as at Pitts ie i,, | eIatively less gain at Buffalo, but # Baltimore the outlook for fall busi- less is regarded as excellent.
 There are few evidences of a. re- 'ival of general trade at the south, ut merchants at almost all leading E ities in that region report that demand ontinues very moderate, and collec- ions are slow. Cotton and fruit crops n the south Atlantic states promise pell, and the business outlook is re- orted encouraging. Increased ship 1ents by Galveston jobbers are re- orted, due rather more to a railway reight rate war than to increased de- hand.
 General business on the Pacific coast ontinues in contrast to that elsewhere. increases are reported in several lines rom Seattle, where a glass factory is 0 be built, and importations of British in plate have been received. Relative 7 less activity Is reported by Tacoma, yith the exception that Alaska tourist ravel is the heaviest for years. Trade , t that city with Japanese and Chinese orts Is assuming large proportions. I 'ortland announces that the Oregon |, ruit crop will be "a large one, but there .. as been no change in the general busi- ess situation there Wheat is being xported from San Francisco as fast as
 can be loaded into ships. New tea is l good supply, and produce and fruits re active. Wheat flour shipments to urope are to be resumed from mills at ' allejo after suspension of over one ear. The only changes west and northwest re continued improvement in cereal .op conditions, and the stimulus to usiness by the continued firnness of Q nd demand for iron and steel. Busi- q ess in dry goods, clothing and shoes at ( rger centers exceeds the record for six a onths of 1894 and in some instances a
 declared equal to the volume in the a rst half of 1893. The influence of ap- t reaching midsummer is making itself It. Stock-taking in some lines, prep q 'ations to sending out travellers in oth- a s. the check to collections due to the Ii