Show Trade in the East The better feeling which was observed in New York a week ago in the iron and steel and the woolen industries still continues con-tinues and improvement is now felt in prices as well as in magnitude of transactions transac-tions The news as to railroad properties is more favorable and earnings continue in excess of last years Rapid progress in restoring lines interrupted by the floods gives additional encouragement and t e loss of property and of life appears from later accounts to be less than was at first reported Meanwhile the government and other crop reports though in some points conflicting are on the whole decidedly encouraging but reports of injury by lack of rain in some regions have been made the pretext for a little movement in the markets and the general average of prices has again advanced a little Reports from other cities indicate improvement im-provement in trade at Cleveland and Pitts burg and in the wool and groceries trades at Philadelphia but are otherwise but little changed Collections show no improvement im-provement the whole but complaints refer re-fer more frequently to the clothing trade than toany other and some continuing embarrassment there is a legacy from the last open winter In dry goods there are clear signs of greater activity and some bleached cottons have been advanced while brown goods recently reduced in price have in some instances been put back Especial activity in leather has resulted from the floods in regions where many tanneries are located and crop leather has advanced fully 2 cents since June 1st The rise in raw sugar continues No disturbance results in the money market in New York from the heavy exports of gold in part because during the week the treasury has paid out 3000000 more than it has taken in but shrinking bank reserves in June do not promise easy money next fall The business failures occurring throughout through-out the country during the last seven days as reported to R G Dun Co number for the United States 220 and for Canada 24 or a total of 250 as compared with a total of 22 i last week and 215 the week previous to the last For the corresponding corres-ponding week of last year the figures were 232 made up of 209 in the United States and 23 in the Dominion of Canada |