The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-07-20
BUSINESS ON THE INCREASE
PREYIoUsLY REPoRTED 0oOD
FEATURES STILL CONTINUE.

SAtRL SONtLN bE.
evidence of the Activity of Business is
SHOWN by the Consumption In Bessomer
Aron-Noteworthy Gains Are Announced
IN the Eastern Seefions of tho Country.
New York, July 1s.--Bradstreets to-
morrow will say:
All the previously reported favorable
industrial and commercial features are
continued this week, the endurance of
the revival in demand for iron and
steel. the further advance tn prices Of
the same and additional increases OF
wages of industrial employees being the
most significant. Notwithstanding the
midsummer quiet In some hines of gem
eral trade, the volume is largely in ex-
cess of that al year ago. Bank clearings
recede "a little from last weeks extra
ordinary aggregate, the amount being
$l,o29,o0o,00o this week. a falling of OF
10 per cent.
Evidence Of the continuance Of the
activity recently shown in production
and consumption Is afforded In higher
prices this week for Bessemer pig iron.
steel billets, bar iron, copper, petroleum.
paper, some building materials and for
oats. Merchants at almost all larger
cities are preparing to send out trav-
elers and until they begin to exhibit
results no exact estimate Of how fall
trade will open cam be prepared. Az
this time the outlook Is regarded as
highly favorable. At Boston, Phtladel-
phia and Baltimore, among eastern cit
les, noteworthy gains In sales of sta
pies are announced.
The expasion of Industrial activity at
Chicago, ST. Louis, louisville and Cleve-
land stimulates the distribution of mer-
chandise 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 merchanta
counting on a large volume Of fall trades
Reports from southern cities show fur
ther Improvement, gains this week be-
| ing more marked than In 8 like period
for months before. Country merchants
In South Carolina are much encouraged
with the crop outlook, as demand is
fadr and prices tend upward Like res
ports come from Augusta and in Texas
cotton buyers have begun to make them
presence felt. Delayed payment OF SUI
gar bounties checks trade in the Lou
isfana sugar districts. The volume of
trade is smaller at Jacksonville.
Pacific coast aldvices are that the Cali
dfornia wheat crop Is threshing out
poorly, but In the northwestern spring
! wheat states the prospects for crop
are of the best Nebraska will produce
am unexpectedly large crop of Indian
tcorn, and the total yield of corn in the
country will exceed even previous large
crop views. Exports of wheat (four as
wheat) from the United States and
Montreal this week amount to only ~
$4,000 bushels, the smallest similar to-
tai since that for the first week in June.
1891. One year ago the aggregate ex-
ported was 1,S73,OOo bushels, two years
| ago 5,077,0oo bushels and three years
ago 2,716,000 bushels.
There were 214 business failures this
| week, against 212 one year ago.
| Grasshoppers and lack of radn have
| injured the crops in the province OF
| Quebec, and in western Ontario the out
| look Is so unfavorable In some localities
| that cattle have been turned into wheat
and hay fields. General trade at Nom
| tract is only fair and requests for re-
newals have increased. Fears as to the
| consequences of the banking embar-
rassment there have subsfded In large
part The general trade prospect there
| as at Quebec is not as bright as 1t was
| ten days ago. Business is quiet at To@
| ronto, with a moderate improvement in
demand, based on general crop pros
poets, and the demand for wool from
| the United States. The outlook is fa-t
vorable at Halifax and fair on Prince
Edward Island. Drought and forest fires
have added to the disaster at New
foundland, but the fishing season in
| that colony Is said to have been unconl-
monty good.