The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-11-09
CONDITION or BUSINESS.
Brad streets Reports That Prices of Staples
Have Reacted.

nave heacteu.
New York. Nov S.-Bradstreets to-
morrow will say:
The interruption to general trade
throughout the country incident to cleo
ton has been emphasized by unusually
mild weather, which checks demand for
clothing, heavy weight textiles and 9TH
er seasonable goods. Jobbers at most
of the larger distributing centers report
that orders are largely of a filllng-in
character. Except for steel and cotton
the larger portion of advances in prices
of commodities since March has large
ly disappeared Earlier anticipations
of continuous advance in prices and
demand, the outgrowth of the activity
of two and three months ago, have met
with disappointment. But there is lit
tie reason for the reaction in sentiment
OF many who discuss the conditions of
business. Every way of increased de-
mand since the tide began to rise in
March has resulted in net gain. The
sentiment of traders generally is that
the outlook promises an active spring
trade and that the holiday season will
prove satisfactory.
Prices of staples have reacted, leath-
er, Bessemer pig, steel billets, wheat,
wheat flour, Indian corn, oats, cotton
and refined sugar being quoted lower,
and print cloths, almost alone, higher
although in special instances at western
markets there is an upward tendency
to prices of bar iron, hogs and Shoes
Prices for lumber coal, naval stores,
rice and coffee are unchanged There
is prospect that western tannerieS will
shut down, which points TO higher prices
for leather and may weaken hides.
Lower quotations for Bessemer pig iron
and billets represent a falling off in
orders for future delivery, though mills
and furnaces continue actively employ
ed. Leading cereals are lower becausel
of excessive supplies for some and larg-
er quantities of others than expected.
Lower prices for raw cotton have no
effect on cotton goods, as the latter had
not advanced proportionately. The fea-
ture of the business week among larger
eastern cities is an improved demand
| for textiles, with increased strength in
| iron at Pittsburg after the recent reac-
| ton. AT cities in the central western
states a moderate volume of business
| is reported, without material change,
complaints being most numerous from
| Cincinnati.
| A fair business is reported from Chi
cago in shoes and rubber owing to the
weather conditions. Wholesale trade
| in October was heavy. A good demand
| for money is reported from cattle eaed-
ers and corn cutters. Country banks
are carrying very small balances at
Chicago and are borrowing much. St.
Louis reports a larger volume of trade
| while at Kansas City the opposite is
true, owing to consequences of prolong-
ed dry weather last month Similar
aGvices are received from Omaha At
| Milwaukee, Minneapolis and st. Paul
| general trade is quiet, in part owing to
weather. Grain moves free to Duluth
At San Francisco quotations on almost
| all lines are lower, with the exception
| of those for groceries. Wheat receipts
are increasing at Tacoma. At Seattle
| heavy shipments of merchandise have
been made to Alaska as well as exports
| of coal and lumber.
| The increased bank clearings total
this week compared with last, when a
decrease had been recorded for several
weeks, is noteworthy, particularly in
| the face of smaller bank clearings to-
| tails this week and last from Boston,
Baltimore and Omaha. The more con-
| spicuous increases are at New York 23
per cent, Philadelphia 30 per cent, Buf-
falo 26 per cent, Chicago II per cent,
| st. Louis 21 per cent, Pittsburg 19 per
cent, Minneapolis 54 per cent. and at
Providence % per cent
Business failures throughout the
United States this week aggregate 26O
against 241 the week one year ago.
Montreal, Toronto, Hamilton, Winni-
peg and Halifax report 2393O, 900 bank
clearings this week, an increase of IA
I per cent. over last week, but decrease
of more than 1 per cent. from the total
in the first week of November last
year.