The daily morning journal and courier., 1896-07-25
INDUSTRY AND COMMERCE
GENERAL CONDITION OF TRADE
 VERY MUCH DEPRESSED.

 Values Have Not Materially Recovered
 Since the Panic of 1S03-Business Fail-
 ures on the Inorease--IndustriaI situa-
 ton Unimproved-Money Market Dull
 Wholesalers and Retailers Proceeding
 Cautiously.
 New York, July 24. -Bradstreets to- morrow will say:
 Photographic and mail advices from commercial and industrial centers in- dicate a more unsatisfactory state of
 trade. Jobbers and retail houses show still further caution in the matter of securing supplies, buying for actual needs to degree not heretofore re- ported. There is no outlook favoring an early revival of trade, while the volume of sales continues light and prices low, with further restriction of credit.
 The general money market is dull,
 due not only to caution on the part of
 banks in discouting, but to a falling off in demand. Unfavorable crop re- ports in Nebraska have caused cancel lation of some orders and long contin-
 ued rain in Tennessee have checked business there. Louisiana reports the new rice crop short, and eastern Wash ington and Oregon that the long con- tinued dry season has had an unfavor- able effect on the wheat crop. The single favorable feature in Chi cago's trade situation is moderately in l creased orders for dry goods and hard ware; almost every other line is quiet, or depressed. Relatively few St. Louis
 salesmen are on the road and few others will start out soon. Omaha $ clothing trade is brisk, but other lines are slow. Relatively favorable advices are from Baltimore. where orders in general lines are fairly satisfactory and the volume of business is larger than in the like portion of 1895, and from Gal weston where business generally prom | ises improvement.
 The industrial situation is somewhat | more depressed, particularly in iron and steel, prices for most varieties of | which, notably southern pig iron, are shaded The encouraging feature in | iron and steel is the extent to which | stacks have blown out. There is an in- l crease in the number of striking em- ployes in sew ral lines, but the new
 scale of wagf asked by the iron and steel workers has been largely acceded | to.
 l Production is materially curtailed among manufacturers of woolens and cottons, as heretofore, and locomotive
 hardware, silver, jewelry and lumber l industries. Shoe factories are busy l mostly on old orders. Eastern woo l dealers report no demand, and some | leading houses refuse to increase stocks l either by purchase or consignment The l principal activity in the dry goods trade appears to consist of preparations l to show fall goods
 Exports of wheat (flour included as wheaD from both coasts of the United l States and from Montreal amount tC | 3,073,000 bushels this week, compared with 1,265,000 bushels in corresponding week in 1895.
 The noteworthy advances in quota. tions this week are for wheat, flour I oats, cotton and petroleum, while de. creases are shown in Indian corn, pork
 lard, coffee, sugar and print cloths.
 Bank clearipgs throughout the United oldtco dSSItSdte 35oo,UVu,UUU tIllS Weeik
 about per cent. more than last week
 and per cent. more than in the cor. responding week one year ago.
 The regular comparison in Brad. streets of 10S staple products, produce
 etc, for five years, make it plain that
 values have not materially recovered from the depression reached since tht
 panic of 1893.