The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-06-15
MAKING UPWARD SPURTS
TRADE IN THE COUNTRY rs SHOW
ING SIGNS OF 4ACTIYITY.

Gains In the Volume of Business Are Re-
ported From Southern Points-There is
Also Industrial Activity In the West and
in the Steel and Iron Business.
New York, June 14-Bradstreets says:
The recent check in the activity in
general trade, takiag the country as a
whole. which followed the severe and
unusual frosts of May, has begun to
register itself in relatively fewer up
ward spurts of prices for staples ard
moderately smaller totals Of bank
clearings. The exception is found in
the remarkable exhibition of strength
by iron and steel. Cotton, leather
wheat, railway and other securities
have each presented a season of active
demand. advancing prices. but none Of
them has outdone iron and steel, which,
without special orders from railroads
and other large consumers, have again
advanced all along the line. The in
dustry Is undoubtedly In better posi-
tion to-day than for years. Bank
clearlngs this week fell to s1,003,000,
900, falling off of II per cent, but the
total Is still under per cent. larger
than in the week Of June, 1894, though
2.8 per cent. less than in that in the
panic year and IL per cent. smaller than
than the like total of 1892. Advances in
prices in staples this week seem prac-
tically confined to a few varieties of
cotton goods with agents., to Bessemer
pig iron, other varieties of crude iron,
steel billets and bar iron, with the pre-
dlction of an early jump of 50 per ton
fer steel rails. No change and gradual
ly firm quotations are announced for
cotton, prints, wool, coffee, sugar flour,
coal, lumber and live hogs and cattle.
Gains In the volume of business are
reported from Charleston, Jacksonville
and Galveston. Reports have been re-
ceived Of Industrial activity at Detroit,
Chicago and st. Louis, in iron and steel,
particularly at the last two cities and
better crop prospects in the regions
tributary to these points to Kansas
City, except wheat, in this instance,
to ST. Paul, and Minneapolis and
Sioux Falls, where trade has been sat-
isfactory in many lines and the outlook
commercial activity at Omaha is due to
farmers being busy in the fields for the
crop outlook in Nebraska and South
Dakota is excellent
The latest evidence of enterprise from
Tacoma Is a new packing house to
start July TO supply the Russian gov
eminent with several thousand barrels
of beef The coal trade at Seattle is
over 10000 tons being shipped
thence in May. The Oregon fruit crop
will be large one, and collections are
good.
There are 232 failures reported in the
United States this week against 227
a year ago.
Outsiders have speculated in some
what, so that sales have increased and |
prices are firTner Sales at Boston, New
York and Chicago since january 1 are |
81 per cent heavier this year than last. |
decreases of prices are for |
wheat 1b cent, corn 11s, oats *. lard |
and pork 25 cents. If the interpreta- |
tions of the late government wheat re- |
port that it points to domestic crop |
this summer of only 400, 900 bushels
prove true, the outlook Is more bullish |
LIdll NAPNSlChs Loul LllV lNbOl NS dlG W 1
be based on the one one years ago, |
which was notoriously an understate-
nent.
Railroad earnings for May reflect the
Improvement in business. Total earn
ngs of 1913 companies, with 9S,5S1 miles,
ire $3S0s2,2 ,257, an increase over May
year ago. Exports Of wheat, with -four
rs wheat, from both coasts show sur
)rising decrease, the total amounting
o only 1871, UT bushels, against 1891 900
bushels last week.
Boston, Montreal and Baltimore re-
)ort smaller shipments than last week
ind Newport News much less flour. |
This weeks total wheat and flour ship |
nents appear to have been the smallest
ince the second week in June 1891. At
arger EASTERN cities the clothing trade
eports a good demand, with prom
sing outlook, notably at Baltimore.
Woolen machinery in Rhode Island is
nly fairly employed but cotton mills
n that state and in Massachusetts have
larger number of orders. Some Phila-
elphia manufa cturers report a large
olume of business in sight. Increased
purchases in general lines at Pittsburg
re attributed to recent very general
dvances in wages in the manufactur- !.
ng industries.