The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-06-01
CONDITION OF TRADE.
Bradstreets Sends Out a Good Report of
the Country.

the Country.
New York, May 31.-Bradstreets says
The observance of Memorial day has
served to check trade this week, but
there has been further shrinkage in the
amount of business transacted, due tc
not altogether well founded fears of
serious damage to the grain crops. The
bank clearings total for the week is
only $685., 900, 900, but this is II per cent.
higher than In the corresponding week,
also one day short, in 1894. AS con-
trasted with last week the shrinkage is
25 per cent, and with the week two
years ago during the panic per cent.
Reports to Bradstreets from manufac-
turing industries at seventy-five cities
| east Of the Rockies show that more
than 227 important manufacturing con-
Germs started up between April 1 and
a week ago, by reason OF which $4,000
employees have secured work. But the
additional significant fact is found in
| the report that wages Of no fewer than
| 17S,000 Industrial employees have been
advanced within this period an average
of 10 per cent, of whom siX-seYenths re-
ceived the advance without striking.
The tendency of prices is upward,
notably so for steel and iron, which
are in better demand, despite higher
prices Coffee, sugar. -four, lumber,
coal and tin plates are firm at last
weeks prices, while declines in quota
tions are 1-16 cent for print cloths,
petroleum, Pennsylvania tobacco at
Philadelphia, and live cattle at Omaha
and Kansas City. Wool continues in
slow SALE interior prices being about
what the eastern manufacturers are
willing to pay. Cotton goods remain
firm. Woolen dress goods are quiet,
but the mills are said to have large
number Of orders for fall delivery.
At the large eastern cities the volume
Of business is slowly but steadily eX-
panding, now that summer weather has
appeared, and the Improvement in iron
and steel industries has developed into
buoyancy. Seasonable fabrics, shoes,
groceries, hardware and metals lead as
to demand. The lake trade is reported
from Buffalo as improved, and at Bal
timore clothiers and hatters look for
revival in their lines in the autumn.
In Pittsburg there is some stimulus,
owing to a strong tone in rion and steel.
While there has been no noteworthy
change in trade In part Of the central
western states, the region about Chi
cago and west thereof, including st.
Louis, Kansas City, Omaha and Des
Moines fields, reports moderate check
to the volume of business this week,
due to fears Of crop damage, Prolonged |
dry weather has made Its influence felt
on demand for all stapls.s at Kansas |
City, and on mercantile collections also |
This is true of Nebraska and iowa |
points also. except that In the former |
state good rain in the middle of the |
week revived confidence Seventeen |
year locusts have appeared throughout |
Nebraska, but thus far In that as in |
other leading grain producing states |
the damage done crops is said to be |
less than reported from day to day |
in the press. There are gains at the |
south with Improvements at the south.
There is an improved demand at New
Orleans, and buyers are showing more
of atendency to anticipate wants.
The moderate check to activity in |
general trade observed In some por-
tions Of the west extends to a few cit
les on the Pacific coast, notably to Port
land and to Tacoma, although at both
of these crop conditions are favorable
and business prospects good. At Seat
tie business is duller, although the con-
dition oft he crop is good. Exports of
wheat, both coasts, this week amount
to 2,426 bushels against 2,4O1 900 bushels
In the same week year ago.
Business failures throughout the
United States this week number 205,
against 1873 in the week a year ago.