Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1894-01-20
THE IMPROVEMENT HOLDS.

THE IMPROVEMENT HOLDS.
Additional Evidences OF a Gain In
Business Activity in Many LOCAL..
ties.
NEW YORK, Jan. 19.-Bradstreet's will
say tomorrow: Special kilograms from
many of the more important cities, based
on interviews In leading lines of trade,
make 1t plain that the improvement re.
ported a week ago, characterized as the
turn in the tide, has been retained and
| added to. Exceptions are noted at some
| of the larger eastern manufacturing cen
tiers. Pittsburg is more hopeful, but while
retailers have increased purchases there I.
little gain in iron or steel. Philadelphia
emphasizes further concessions In prices
for wool, but there are contradictory re-.
ports As to the Manufactured product.
Attention is directed to tho taking of iron
and steel contracts by competing west.
ern concerns at "ruinous prices" al
thought is admitted trade in drug, paints
and glass Ia much improved. Msnutac-
turers of cheap jewelry, novelties and
cardboard at Providence report increasing
orders. Jobbsrs in shoes at Baltimore say
trade Ia fairly satisfactory and travellers
from that city cay the condition of busi-
ness throughout the south is such that
a revival there must appear In . short time.
General business continues allow in por-
lions of South Carolina affected by cy-
clones, but in Georgia 1t is improved. while
In North Carolina spring demand has not
fully started. Boston reports increased
sales in several lines, due to buyers who
havs held off so long they are obliged to
replenish stocks. There are slight in
creases in the eastern shoe trade and ex-
ports of leather are fair. Cotton goods
have better tone and prints and wash
fabrics are in fair sale, as are shirt
ings, which are reduced to 81 cents
A better feeling at Buffalo is based
merely on the approach of better trade,
although orders for dry goods and gro
ceries are more liberal. Receipts of cotton
have continued sufficiently free to render
1t improbable lowest cotton crop estimates
ens1 accordingly. General trade at
Charleston Is expected to become more
active as coon as planters and merchants
have pefected arrangements for the new
year. Notwithstanding cotton is lower,
general trade at Savannah is more active,
and at Augusta all lines report an advance
over last week, druggists being behind on
orders and dealers in groceries and dry
goods much encouraged. Spring trade at
atlanta opens with some activity,
and the manufacturing output has in
creased. Chattanooga jobbers cay colleo-
lions are improved. and that the hardware
is more active. Trade conditions at Gin
cinnati have improved with manufacturers
Nd iohhars In nIien
gains In iron and other lines ct Detroit and
at Chicago sales of dry goods, clothing and
shoes have increaf cd in volume. A better
feeling Is reported at Louisville as we'll as
actual gains. At st. Louis demand for
groceries, dry goods, shoes and hats has
increased, as have orders for finished iron
and steel, the latter being equal to those
in any preceding January. Spring trade
has opened fairly we'll at Kansas City,
though smaller in volume than a year ago,
and at Minneapolis, while industrial lines
show no Improvement, that in jobbing cir
cles is emphasized. Commercial travellers
have been sent out by jobpiug houses at al
most all the larger distributing points,
but commercial conditions are irregular
showing relatively greatest improvement
In the south eastern, central western and
north western portions of the country.
The total volume of bank clearings this
week is 1921, 000, 900, SO per cent. smaller
than in the third week of January, 1893.
Unexpectedly frae receipts of wheat In
the United States and q naturally heavy
increase In Australia surprised the trade
with a larger gain of available stocks than
anticipated and prices have reacted. Ex-
ports of wheat from the United States
and Canada, both coasts. flour included,
amount to 332 .00e bushels this week,
about one tenth smaller than In the week a
year ago.
There are 404 failures in business report
ed this week, against 200 one year ago.
Increased demand for sugar has advanced
the price of both raw and refined ! per
cent. At Paterson % to 30 per cent. of
the elk looms are in operation, against 30
per cent. in December, aud throughout the
country 4S assumptions of more industrial
establishments are reported, as compared
with only 10 shut-downs and Is an
nouncements of reduction of wages.
Toronto reports quiet trade this
week and iron prices irregular, with
disruption in the association" The
volume of trade at Montreal 10 small and
manufacturers report no special activity,
some mills being temporarily closed. The
prospect for early revival ie reported not
bright Heavy SHOWS have prevailed
throughout the maritime provinces, which
have tmpeded traffic. Remittances have
consequently been slow and the volume of
trade ia smaller. Total bank clearings at
Halifax. Toronto, Montreal and Hamilton
are SIC, SOC, 900 this week, falling off of
90 per cent. as compared with the total In
the week year sgo. There were 4S fall
ures in Canada, compared with SO in the
week year ago.
G. pUNNs REPORT.
NEW YORK, Jan. 10 r. G. Dun & Co. q
Weekly Review of Trade says: Failures for
ths week have been 407, against 300 last
year, and 4G in Canada against AZ last year.
For the fret eleven days In January the
reported liabilities of firms failing were
50. 1926, of which s.. 069, 053 were in
manufacturing and S., 346 .372 In trading
concerns. But the number of failures
about the first of the year does not neces-
ssrily indicate bad state of business.