The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-07-18
THE CONDITION OF TRADE
MARKETS. CONTINUE DUN and
LETHARGIC.

No Disposition to Engage in New Enter
prises - Unsettled Financial Outlook
Produces More Than Usual Conserva-
tisIn-Prospeot for the Future Not Very
Assuring Failures Increasing.
New York, July T.--Bradsueets to-
morrow will say; Nearly all general
merchandise markets continue dull,
and the volume of business is smaller
than anticipated. Little or no DISPOSE
ton is shown to engage in new enter
prises, both city ana country mer-
chants continuing to purchase with
more than usual conservatism in view
of the unsettled financial outlook and
the low range of prices.
The iron and steel industry is less
satisfactory than week ago with in
creased competition, futher decrease In
future prospective. Trade generally is
duller and there are fewer sales. Pro-
duction of pig iron during June was re-
stricted to about $4,000 tons. The like
unfavorable situation continues in the
wooden and cotton goods industries
and manufacturing lines generally,
which continue markell by the same lack
of demand which has been conspicuous
for the past two or three weeks. wool
sales continue extremely low, with
prices west and at London above par
ity with Atlantic coast markets. IN
satisfactory reports continue with rel
erence to lumber, Philadelphia advices
being that in some Instances dealers
have taken houses in payment The
more important decreases in prices for
staples this week are for iron, steel,
petroleum, cotton, lard and coffee.
Among more favorable features are
relatively encouraging reports concern
trade in nine business centers, to-
gether with an Improvement In quota
lions for wheat, Indian corn, oats and
pork, and firm or unchanged prices for
wool, sugar, lumber, leather and print
cloths. Baltimore reports various job
bling lines doing well, but, as st. Paul,
with tendency to defer placing orders
until after election. Chicago and st.
Louis agree that sales for fall delivery,
while fair in some directions, will not
equal the record for 1895.
Rains have improved crop prospects
in Washington. The week has been
marked at San Francisco by the de-
parture of q train load of fruit for
London, and two ships loaded with
lumber for Europe. Crop prospects in
Louisiana and Texas have improved,
particularly with reference to cotton.
Sales Of dry goods and notions at At
lanta are about an average, of shoes
heavier than In 1896 and the diStribu-
| ton of groceries more active.
Reports OF wheat (fiour included as
wheat) from both coasts OF the United
States and from Montreal amount to 2,
| 963, 900 bushels against 1,652,00o bushels
| in the corresponding week last year.
Bank clearings amount to s955,000 for
| the week, per cent less than last
week. This is a decrease from the COR
responding total in July. 1895, of pei
cent, but an increase of 10 per cent as
compared with the like total in 1894.
| The total number Of business failures
| in the United States this week shows
an unexpected increase, 255 compared
with 219 last week. When contrasted
with the corresponding week in 1895 the
! increase during the past six business
/ days is A.
/ General trade throughout the Cana
] dian dominion, more particularly II
| Ontario and Quebec, while not active Is
| less depressed than promised week Oh
| two ago.