The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-10-31
IN TIE WORLD OF TRADE
EngRFTHING HANGS FIRE PEND
ING TUESDAYS ELECTION.

Most Merchants In Large Centers Take n
Hopeful View of the situationZEnor-
NOUS Orders Placed Contingent Upon
McKinley's Election-Bryan's Success
Would PROSTATE Observation-Disclosures.
New York, Oct. S0.-Bradstreets to-
morrow will say:
Business in staples is confined to I'M
mediate wants. The volume Of trade Is
smaller than last week, and will con-
tinue restricted until after election.
Advices from important distributing
centers report that leading commercial
and industrial houses take a hopeful
view of the business outlook and ex-
pect an early revival of demand, based
on the anticipated success of the sound
money issue.
The restricted distribution Of mer-
chandise for several weeks has begun
to register itself in the bank clearings
totals, the aggregate for which at all
cities during the past six business days
10 PopVSOUU.VuUs per GSllt. tGSS lIltiil last
week and 10 per cent. less than in the
corresponding week year ago. In
some instances higher rates for dis
counts have served to further contract
business, but at Chicago there are re-
ports OF improved collections
Orders to an enormous amount have
been placed with manufacturers job
bers, commission houses and importers
to be cancelled in the event of the sue
cess of the free silver cause. An en-
couraging feature is a further advance
in the prices of leather, wool, Besse-
mer, pig iron, wheat, Indian corn and
for crude and refined petroleum. Prices
are practically unchanged for pork and
coffee, but hides are a little weaker,
and prices for oats, wheat, -four cotton
and print cloths are lower. Only mod
crate orders have been placed for wool
en- goods for spring delivery, but man.
ufacturers are disposed to buy some
material.
Texas country merchants buy with
extreme caution and in Louisiana the
advance In discount rates has rendered
trade duller than 1t might otherwise
have been. Wheat shipments from
| farmers hands are heavier in Wash
ington state, owing to higher prices,
| but in Oregon, producers seem inclined
| to hold for still higher quotations. Pa
| cific, coast wheat exports continue to
| attract attention San Francisco sent
| another cargo Of wheat to Calcutta,
| October 27, the third from that port and
| Tacoma, reports a steamer chartered
| there also to load with wheat for Cal
cutta.
| The total exports of wheat, flour in
cluded as wheat, from both coasts OF
! the United States. amount to 3,346,03(
! bushels this week, exclusive Of ship
ments from Galveston, no report OF
which has been received compared with
J 2,743,000 bushels in the last week OF
| October, 1891 Exports of Indian corr
/ amount to 2,597 900 bushels this week
| third more than in the correspond.
| ing week of 1895. Mercantile failures
throughout the United States numbe,
| 299 in the week one year ago
Trade is fairly active at Toronto, ane
! there is an improved demand for winter
| goods. A quantity of fleece wool ha:
| been exported to the United States
Business is only moderately active al
Montreal, but the tendency of prices Is
upward There is better demand fol
staple goods at Quebec City, and col-
| lections have improved. Business has
been fair only at Halifax, but the ten
Gency is toward improvement. The fist
market is active and exports of apples
are heavy Owing to the failure Of tht
fishery, much restitution prevails or
/ the Labrador coast. Protracted bat
/ weather at Newfoundland interferet
with the handling Of fish.
There are 81 business failures report
| ed from the dominion this week agaius
| AS Q, year ago.