The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-06-13
BUSINESS AND POLITICS
CLOSELY ALLIED-HOW THE Lar
TER AFFECTS THE FORMER.

Il EAA III - ~ ~ 4 II ~ u VAAA
Action of National Conventions Impatient
ly Awaited-Gold or Silver. which,
Business Men Anxious-Future Dubious
Can be No Immediate Revival of Pros
perity.
New York, June 12.-Bradstreets to-
morrow viii say; There is little or no
effort to push business at a period Of
so much uncertainty as to the precise
terms of the financial planks to be
adopted by the great political parties
in the national convention. The gen.
eral merchandise movement continues
as dull and conservative as heretofore,
retailers with few exceptions buying
only for immediate necessities. Mer-
camille collections continue slow and
unsatisfactory and there is no gain in
the cotton, wooden goods, iron or steel
industries, Western spectators are
buying wool above parity with prices
offered from the east
There is little likelihood of higher
prices for wool while so much machin-
cry is idle. Nearly all branches of dry
goods are somewhat depressed. Cotton
goods are below a parity with raw
material. The contest continues be-
tween pools in iron and steel and con-
sumers. Pool prices for billets are
maintained, but brokers are offering
steel $3.50 under pool prices. Pig iron
production declined about $1,000 tons
during May, stocks increasing less than
1900 during the month.
General trade in central western
states remains quiet, No Improvement
is reported from Chicago as compared
with unsatisfactory records of recent
weeks. Improvement in demand for
SHAPES at St. Louis is among dealers
in paints and drugs. Kansas City and
Omaha report relatively the best de-
mand among western jobbing centres,
notably among wholesalers of dry
goods, shoes and hats and agricultural
implements. Reports from southern
distributing centres announce an almost
uniformly quiet trade, although good
rains in territory tributary to Charles
ton and New Orleans have improved
the crop outlook and wholesale trade.
rain. Almost all leading lines at st.
Louis repert business dull with the eX-
ception of jobbers in hardware. Mime
apolis announces a fairly satisfactory
business.
There is more activity in general lines
at San Francisco and further inquiry
as to new crop wheat. At Portland
dealers announce that wool is moving
but offers are low. Successful efforts
have been made to locate additional
manufacturing interests at Tacoma
There is fair trade in groceries and
provisions at Seattle and crop reports
in that region are favorable.
Exports of Wheat (fiour included as
wheat) from both coasts of the United
States this week amount to 10000
bushels against /, ISL 900 bushels in the
week year ago.
So far as the movement of prices is
concerned the contrast with last week
lies in advances for wheat, flour, lard
sugar, petroleum and tobacco. De
creases in recent weeks are followed by
still lower prices for wheat, Indian
corn, oats pork, cotton and print cloths
Practically unchanged quotations are
announced for leather, lumber live
stock and coffee Wool, which is moi
firm, is nominally unchanged.
Gross railroad earnings We're better
than expected in view of dull trade anC
decreased bank clearings.
The total volume of bank clearings ir
the United States for six days ending
June IL is 1898 200, 900, or 81 per cent
less than last week, SIS per cent. less
than in the corresponding week of 1895
but 1876 per cent. more than in the sec.
onN week of June, 1894. The number OF
business failures throughout the United
States this week is 234 compared with
232 in the second week of June, 1896
In the province of Quebec the crOt
outlook is fair, but the volume of bust.
ness generally, particularly at Mon.
treal, continues restricted, orders being
most noticeable in dry goods, hardware
and paints Trade at Toronto is quie
and the outlook does not favor reviva
of business until after the elections
Mercantile collections are slow ant
wheat is about the lowest price of thu
season. The volume of business is ligh
at Halifax and collections are unsatis
factory. but the weather is Favorable
to crops There is an average volume
of trade reported from st. John, n. r.
where heavy shipments of fresh fist
have been made to the United States
Bank clearings at Winnipeg, Hamilton
Toronto, Montreal and Halifax amour
to $40, 1872, 900 this week compared will
S22 662 900 in the week one year ago
There are thirty-eight failures reported
from the dominion this week, compared
with twenty-one in the week yea
ago.