Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1890-10-04
WEEKLY REVIEW OF TRADE.

66AA II wv OF TH A DE-
Phenomenal Activity I'm All Impor-
tant Branches of Trade - Large I'm.
crease In the Circulation During the
Past Moffth-The Iron Market Sus-
tained In Spite of Big Production
Encouraging Reports From All the
the Large Cities.
NEW York, Oct. 3.-R G. Dun & Co.'s
weekly review of trade says: Never be-
fore has there been in any month so great
an increase in the circulation or SO large a
payment of public debt as in the month
just closed. The aggregate circulation is
now 81 ,49S, 072, zoe, having increased $685.
0O9, 1872 in September. Money markets in
all parts of the country have turned to
greater ease, congress has adjourned after
passing the tariff bill, and there is already
active preparations in many cities for new
branches of manufacture OF enlargement
of operations. Domestic trade is improv-
ing in all directions, and at least for the
time, there is also improvements in exports,
which now show for the past month a
gain of per cent. over last year at New
York.
The settlement of the brick boycott here
sets many men at work again, and the
labor outlook is decidedly more satisfac-
tory. Even in regard to the shortness of
crops less is heard of late, and there is
a growing impression that the loss may
have been to some extent exaggerated.
Of the magnitude of domestic trade it
appears that actual payments through
clearing houses outside of New York were
in September 164 per cent. greater than
last year. This is partly due to higher
prices, for the general average of commod-
tiles has risen per cent. during the past
week and has been over per cent above
last year for the past month. But the
earnings of railroads as far as reported for
September show gain over last year of n
per cent.
At Chicago cattle receipts in September
were the largest ever known for that
month. Receipts and exports of cotton
both were much above last years, and in
spite of the short crop the movement of
oats also exceeds, while the decrease in
wheat and corn is partly balanced by in
crease in -four.
The sales of wool at Boston exceeded
1000, 900 pounds last week. Sales of iron
ore at Cleveland thus far this year are
$500, 900 tons, exceeding last years to date
by one-third. These items respecting the
larger trades accord with accounts from
nearly all cities, which continue highly
favorable.
Boston notes healthy and encouraging
trade in New England, boot and shoe
trade SO exceptionally large in heavy goods
that factories are crowded with more de-
mand for spring goods. Leather and do
nestle hides quiet but strong, lumber in
better demand and wool manufacturers ell
couraged.
Philadelphia reports more confidence
and much improvement in wool, fair
trade in tobacco, liquors and drugs, and
some chemicals advancing.
Chicago notes besides heavy receipts of
grain, meats and cattle, larger trade in
dry goods than last year, with prompt col
lections, and the same in boots and shoes,
and larger trade but not so prompt col
lections in clothing.
st. Louis notes unusual activity in all
lines with the dry goods trade exceeding
any previous year.
Cincinnati reports very liberal orders for
clothing, good trade in tobacco at favor
able prices, and heavy movement of
freights and produce on account of local
scarcity.
At Savannah trade is very brisk.
At St. Paul and Minneapolis, Omaha.
at Detroit better than last year in some
lines, and at Pi tsburg large in volume and
strong in tone for finished iron and glass,
but less strong for pig iron and rails and
for glass chimneys.
The iron market is singularly sustained
in spite of unprecedented production by
the unprecedented demand for plates, bar,
skelp, sheet and structural iron and
wrought pipe, which keeps all mills crowd
ed with work, while rails are not strong
and pig iron remains unchanged in price.
The details given show that in all parts
of the country and in all important
branches of business there is phenomenal
activity, and nevertheless there is COM
parative freedom from speculative excite
ment or disturbances.
The business failures occurring through
out the country during the past seven days
as reported to r. G. Dun & Co. and E.
Russell & Co. of the Mercantile agency
number for the United States 1855, and for
Canada 81, or a total of 1877, as compared
with total of 219 last week and 1913 the
week previous to the last. For the cor
responding week of last year the figures
were 2O6, representing II failures in the
United States and "a in the Dominion of
Canada.