The daily morning journal and courier., 1896-08-22
IN THE MARTS OF TRADE
VOLUME OF B BUSINESS CONFINED TO
 LINES OF STAPLE PRODUCTS.

Credits Are Being Closely Scanned-CoI-
 lections Slow and Discount Rates Higher
 Total Business Failures of the Week
 264-72 More Than in Corresponding
 Week Last Year-Many Mills Are CIos-
 sion Pervades All Industries-Review of
 the Situation.
 New York, Aug. 21.-Bradstreets to- morrow will say:
 General trade throughout the United States is practically confined to staple lines The volume of business is no larger. Where orders have increased in number they are smaller in size. In almost all instances they are based on nearby requirements. The feature is
 the increased difficulty in making coll
 lections and the higher rates for mer- cantile discounts.
 Credits are being scanned more close- ly than heretofore and are granted less freely Chicago bankers are slow to
 make loans except to move the crops, and Chicago bank deposits are de- creasing foreign loans. Portland, Ore, announces that many country bankers are restricting loans, with the natural effect on trade At Buffalo, Pittsburg.
 Chicago, Charleston, Cincinnati and
 Galveston mercantile collections are slower than before.
 Business in South Carolina is retard- ed by drought, and in north Louisiana, Texas, southern Arkansas and MisEiss- ippi prolonged drought has so interfer- ed with business in some sections that it amod dnts to a calamity. Some north western lumber mills have shut down owing to low prices and difficulty in obtaining money, while demand for | woolens for spring delivery is not suffi- cient to start machinery. | At Baltimore the report is that busi-
 ness is satisfactory. Among southern cities Atlanta is conspicuous for report ing better trade. At Chicago there is a
 more hopeful feeling among dealers in dry goods, clothing and shoes, in which l lines sales have increased. At St. Paul | there is a better demand for hardware. groceries and drugs. Telegrams from | Seattle state that large shipments Oe
 live stock and general merchandise | have been made to Alaska, and that
 receipts of new wheat are smaller than expected. Twelve lumber vessels are
 waiting to load at Tacoma and San Francisco wires that shipments of | wheat four to the Orient continue to increase.
 ] Wheat exports from both coasts and | from Montreal this week amount to g. | 991, ,693 bushels, against 2,3S9, 900 bushels | in the week a year ago. Reactions in prices for staples continue prominent, with wool, lard, sugar and lumber low-
 CT. Cotton is higher.
 | The total business failures in the
 United States is 264 this week, seventy | two more than in the week year ago.
 The feature of the weeks failures Is found in the number of embarrass-
 ments among concerns of large capital- l ization.
 l At Toronto sales are slow in almost
 all lines, and the volume of business is
 small Collections are backward. Hal
 flax reports a fair volume of trade. l Quebec City shows manufactured
 stocks are accommodating. Bank clear 1 ings at Winnipeg. Hamilton, Toronto.
 Montreal and Halifax are only a trifle
 less than in the week of a year ago.
 There are thirty failures reported from
 Canada this week, against thirty-seven
 a year ago.