The daily morning journal and courier., 1896-08-01
INDUSTRY IND COMMERCE.
Trade Depressingly Quiet in All Sections
 Due to Political Uncertainty.

Duc tO lOlltlCHt
 New York, July .-Bradstreets to- morrow will say: Political uncertainty continues to have an unfavorable effect on trade and dullness in industrial and commercial lines is of more than usual midsummer proportions. Mercantile credits are more closely scanned and in many instances shortened. Country merchants in northern Louisiana and southern Arkansas have cancelled or ders for fall delivery in some cases ow- ing to the effect of the drouth there.
 The industrial situation is less favor able. Among manufacturers of iron and steel it is regarded as serious in some lines owing to the surprising fall- ing off in demand Producton of pig is further curtailed, yet stocks increase.
 The outlook is for a further decline in iron and steel prices Chicago offers of concessions on pig fail to bring bids for round lots. The steel pool met yes- terday in a last effort to prevent billet
 prices from going off S2 a ton. Cur tailment of production of cotton fabrics continues, yet fall purchases of prints are of small volume and fail to sustain
 quotations. Demand for boots and shoes is also smaller.
 More complaints of the condition of trade is noticeable at Buffalo, where the outlook is not promising; at Balti-
 more, with a less favorable trade
 among jobbers, because country mer- chants have delayed purchases, at Min
 neapolis because a similar action by
 country dealers, at Kansas City where the trade in dry goods, shoes and cloth- ing has fallen off and remains unsatis- factory and at Detroit and at Charles ton for similar reasons. Business has been restricted at Augusta and Louis- vile because of the long continued in- tense heat and at Chicago and St. Louis smaller orders and unexpected
 depression prove the rule.
 Favorable advices are received from
 Omaha, where trade shows improve-
 ment because of recent rains which
 have assured good crops throughout iNCOI IdShd ClllO llOiAA Nt1lfSoeoAA3 WAACi v jobbers report improvement due to the favorable crop outlook.
 Exports of wheat, flour included as wheat, from both coasts of the United States and from Montreal this week
 amount to 264S,G00 bushels, as conn
 pared with 1,460, ,OO0 bushels in the week
 one year ago.
 The sea-saw of prces brings lower quotations for Indian corn, lard coffee, print cloths, iron and steel and a 1 weaker wool market. Nominally un- changed quotations are reported for wheat, flour, pork, sugar, lumber and 1 leather. Advances are reported for wheat, oats, cotton and refined petro- l leum.
 1 Bank clearings total for the week is 1 $S11, 100000, nearly IS per cent. less than | last week, and 12 per cent less than | in the last week of July, 1895. The l number of business failures through out the United States this week is 295, an increase of 73 as compared with the corresponding total in 1895.
 | General trade throughout the domin- ion remains quiet, even dull. The ex- ception is at Halifax, where business | is fair in wholesale lines. Toronto merchants report the usual midsum-
 mer dullness and expect a revival early | in the fall Jobbers at Montreal are | less confident as to an early revival in
 business and report country orders smaller than in the like period of 1885, | Cotton and woolen mills throughout the dominion are running on short tine | yet stocks are accommodating. Shoe manufacturers at Quebec City report | few orders ahead.
 | There are 37 business failures report- | ed from the dominion this week, 13 more than in the week last year.