The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-08-08
I'm ALL LINES OF TRADE
MBRCHANTs CAUTIOUS AND BUYING
ONLY FOR NEEDS.

N~tChdN 10 ga OiIOOo AND BUYING
ONLY FOR NEEDS.
ever, More Numerous Than for Some
Time Past-269 Business Eailureg
Throughout tho Week-Careful Review
of the General Condition of Industry and
Commerce.
New York, Aug. 7.-Bradstreets says:
In nearly all lines trade is unchanged;
in some departments lifeless. South
and southwest the heat has had an un-
favorable influence, but merchants
continue to buy for needs only. while
1t is too early for fall trade to assume
large proportions, distribution of cloth
ing and shoes at Chicago has Improved
/ somewhat, although less active than
one year ago.
At several centers bankers have pre-
ferred not to loan as freely as hereto
fore. Merchants, not wishing to be re-
fused, have accordingly curtailed their
requests for accommodation. Mercan-
tile collections are slow, In some in
stances more difficult to make; renewed
scrutiny of credits has had an effect In
restricting the same. Iron and steel
Industries remain excessively dull.
Makers Of pig are piling stock Large
lots could be obtained at concessions.
Cotton yarn manufacturers have agreed
to curtail production so per cent. dur
ing the month Of August and owing to
lack Of demand western packing house
employees have been laid off
There is no improvement in wool and
some Philadelphia mills have shut
down. Portland advices are that no
considerable movement of Oregon wool
will take place until after election.
Cotton goods remain unchanged, not
withstanding the higher prices for cot
ton. The relative activity arnong maxi
ers Of boots and shoes is because Of or
ders on hand rather than new buSi-
! ness.
| Comparatively favorable reports
concerning trade are more numerous
| than in preceding weeks. Pittsburg
| jobbers report slight increase In the
| volume OF trade, but at Baltimore there
| 1S d IIldEh6u ilIpEQVcilt0A1ts Will J0kRCAN
receiving orders freely. Owing to low
! er rates Of water freight, Duluth ts
shipping lumber east freely. Minneap-
oils jobbers report shipments Of rner-
chandise in nearly all lines about equal
| to those In the like week Of 1896, but
advance orders are smaller than q. year
ago. Omaha merchants report collec-
tions above an average for the season.
| but country merchants are buying
| sparingly. New Washington wheat Will
begin to move freely soon. This is ex
pected to improve trade on the coast.
| The favorable condition of the Texas
cotton crop continues to help jobbers
at Galveston.
Both Savannah and Augusta report a
fair volume of business, with improve
ment in some lines, although collections
are slow. Exports Of wheat (f1our In
cluded as wheat) from both coasts OF
the United States this week amount to
| 2.Z4O,O 900 bushels, as compared with -
80 900 bushels in the corresponding
week one year ago.
| Weaker quotations for iron and steel
are followed by those for hides. indian
corn is off on the effects Of the intense
heat on the crop and wheat In SYM
pathy with 1T and free sales and lack OF
buying demand Other declines are for
coffee and petroleum. In addition to a
higher price for cotton on damage to
the crop from extreme heat prices for
sugar. lard and pork are higher, the
last two in sympathy with a specula-
tive movement in those products
| The bank clearings at n cities dur
| ing the past SIX business days amount
to 1912. .OOo, 900. 1875 per cent. more than
last week, but 6.6 per cent. less than
In the first week Of August, 1895.
July bank clearings are larger thar
for any month since January, 1886, al
though IA per cent smaller than In
July year ago. Compared with July.
1894, there is 8. gain this year of "a per
cent. Clearings for July aggregate s4,-
347, ,51s645, against s24, ,2S5. 600 900 In June.
| For seven months total clearings ag@
gregate $29, 1862, ,738.251, gain over last
year of -tenths Of one per cent.
and over 1894 of 1915 per cent.
| Business failures throughout the
| United States this week number 269, an
| increase of so as compared with the
weeks total a year ago.