The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-09-14
THE CONDITION OF TRADE
IN UNEXPECTED IMPROVEMENT IN
THE SOUTH AND SOUTHWEST.


bing circIes-Fan Trade is Opening Free
ly in the south-Continued Activity in
Iron and Steel-Sugar Crop in Louisiana
:. is Lower Than Last Year.
New York, Sept. 1S.-Bradstreets with
say tomorrow: The week is character
lied in trade circles by an unexpected
but no less pronounced, Improvement
south and southwest. This is reflected
at markets from which supplies are dis
tribute to those regions.
Relatively unfavorable features are
found in quieter tone in dry goods
'Jobbfng circles; a check to seasonable
trade throughout the central west, due
to the unusual heat; low prices for mems
wear woolens, and an unsatisfactory
outlook, due to depressed quotations
abroad; only moderate orders for do
meStic Woolen manufactures; cancella-
tion of few Nebraska general mer-
chandise orders at Chicago, and the
somewhat critical position of the Amer
ican tin plate industry, owing to the
heavy advance i'm price Of tin plate bars,
without corresponding increase in
Lie PiICC VI LII pldIt.
The most bullish report comes from
st. Louis where there are many coun-
try buyers, and all lines of staple mer-
chandise are active, with the railroads
making freer purchases, and the manu-
featuring industries pressed to keep up
with requirements. Kansas City, too,
also a distributor to the west and
southwest, reports unusually prompt
mercantile collections and relatively
| enormous orders placed with the whole
salers for shoes, dry goods and hard
ware. At the south fall trade is OPEN
ing up more freely than anticipated,
with marked improvement in business
and increased confidence as to the out
look at Jacksonville, Atlanta and Aus
gusta. The improvement in IRON has
had an influence in Birmingham and
| throughout the tributary region, an evil
dence of which is found in the tempo
rary inability of Birmingham whole-
| salers to meet the demand for hardware
| and groceries
| Aside from the fir1nness of cotton
goods prices, which, is a feature in trade
circles north and east, the most con-
| spicuous movement is the confined ac-
| tivity in iron and steel highest quota
| tions yet reached having no effect in re-
| Stricting demand Present rate Of pro-
duction of pig iron exceeds 2Q0,00 tons
| weekly, the largest in our history, at
the rate of more than 10000, 900 tons per
amnum. Lake cities report improved
I,demand for. general merchandise,
stronger lake freights and request for
Vtrnas, arro oti ~ ,;ao,
more orders are,received from the south
and southwest than ever before. Re-
|vised estimates from Texas point to only
half a cotton CROP but trade is active
and the outlook favorable because of al
! greater relative increase in the price
of cotton than the reduction I'M out turn.
Louisiana sugar crop is reported from
Is per cent to 20 per cent smaller than
that of last year.
Gross railway earnings of 127 rail-
roads for August aggregate $43,139, ,642s
a gain of 1.6 per cent. over August a.
year ago, when there was a gain of
nearly 1 per cent. over August, 1893.
mfowoofwunistronvso 123456 1234566666
Good gains are shown by the eastern,
granger and trunk lines in the order
named The coal roads show the only
important decrease, although earnings
of the central western, southern and
southwestern roads show falling off
from August last year. Of the 116 sys-
tens, embracing 127 roads, II show
gains and As losses compared with
August last year. For eight months
the total earnings of 122 roads aggre-
gate $302062,72S, an increase over last
| year of AZ per cent, when there was a.
falling off of IA per cent. from 1893.
Decreases for eight months are shown
by the grangers and the Long Island
road, but in each case the falling off
is only a. fraction of per cent, while
the central western and coal roads,
mostly bituminous carriers, show the
largest gains.
The gradual increase in bank clear
ings during the past few weeks brings
the aggregate nearly to the billion dol
lar mark again, $99S0000O0, about IL
per cent. more than last week, Is per
!, cent. more than in the corresponding
week one year ago and 25 per cent.
more than in the second week of Sep
| tember, 1893, but as compared with the
corresponding week In 1892 the falling
off is 9 per cent, and as contrasted
with the like week in 1891 the de-
crease is Is per cent. The tendency to
reaction in prices, particularly among
food staples continues with further
:. liquidation in wheat, Indian corn, pork.
lard and sugar
!. Reactions are reported in prices for
cotton and hides. On the other hand
$ higher coal prices have appeared at
:; New York and Philadelphia and the
!. prospect is for further advances all
along the line. In addition to higher
e quotations for cedar prices of all STAN
| dard varieties of cotton goods are
higher and tend upward. Then there is
the 81 advance in steel rails, the latter
Y now being on a parity with quotations
= for steel billets.
Failures this week numbered 213, as
T compared with 223 in the second week
!. of September, 1894. Exports of wheat
s from the United States and Canada,
: both coasts, flour included as wheat.
amount to only 100000 bushels this
week compared with 2,260,O00 bushels
last week, 2,7S9,00O bushels in the cor
responding week a year ago. Tnis
| a more