Morris tribune., 1895-07-17
BUSINESS OUTLOOK.
The Great Increase in Trade
Causes Apprehension.
Views of Two Leading Commercial Agents
The Failure Record-The Trade
Situation at Many
Points.

New York, July 13.-R. G. Dun &
Co. in their weekly review OF trade.
says:
"A business food so strong and rapid that
the conservatives fear it may do harm is out
OF season in July. But the seasons this year
lap over and crowd each other May frosts and
rights, 1t is now evident kept back much
business that would naturally have been
finished before midsummer, and the delayed
elimination of one season gets in the way OF
efforts to begin another on time. But the vol
ume OF business, however, it may be meas
ured. is remarkably large for the month.
Fall In Wheat.
1.-THE week has been notable for a sensa-
tional fall in wheat Of eight cents in two days,
followed by recovery of five cents. The sud-
den drop in prices was the result OF specu-
lative rather than commercial influences.
The latest news indicates an enormous
crop Of corn, much the largest ever grown If
weather favors, but the price is only sc lower
than week ago. Cotton has not changed,
though speculation still turns wholly on pros
poets, regardless Of enormous stocks carried
over. In Europe the manufacture lags, but
here it is satisfactory.
The Failure Record.
The failures for the first four days of July
show liabilities of S1,258, 500, OF which 1886 434
were OF manufacting and 2,066 OF trading
the United States, against 247 last year, and u
in Canada, against ~ last year.
AS Seen by Bradstreet.
Bradstreet's says:
AT the close of the second week in July the
condition of trade generally remains practical
ly unchanged, although commercial and indus
trial activity at many points continues more
conspicuous than usual at the midsummer
season Prices generally continue strong,
I,,i,, ESQ.,, fl,an 1r hoo
products, coffee and lead; while as significant
as anything else, are the exceptionally favor
able outlook for trade in the fall
and the encouraging promise tor the
wheat and crops throughout
the central western, western and
northwestern states. 1t is worth noting that
almost all recent cereal crop reports, except
those which have been called Official, have
been the most favorable. Bessemer pig iron
is higher again, sl+ being asked at Pittsburgh
and s15 expected in the near future
Situation at Many Points.
Among eastern cities there is change for
the better at Pittsburgh, Philadelphia, Balti
more and Providence. With a few exceptions
general trade is quiet and summer dizziness
prevails throughout the south Ga the Pacific
coast trade conditions continue favorable
AT many of the cities throughout the west
ern and northwestern states merchandise mar
kets present the dizziness incident to the first
half of july although at all points the outlook
for fall trade is reported good At Chicago the
volume of business is heavier than expected at
this time. collections are good and the
crop market is favorable. The industrial Sit
uatlon is characterized by western pig iron
furnaces being sold nine months ahead and by
contracts within week for 10000 tons OF steel
rails at S25 ST. Louis, Kansas City and
Omaha all report fair volume OF business,
prices hardening and an unex pectedly favor
able crop outlook"