The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-04-05
TRADE OUTLOOK.
CONNIE rcial Agencies Make Very
Hopeful Reports.
Indications of Improvement Arc Many
and satisfactory Prices of Most
Commodities show an Advance
REVIEW of the situation.
New YORK. March 3o.-R. G. Dun &

NEW YORK, March 30.-R. e.. Dun a.
Co.'S weekly review of trade says:
"Signs OF Improvement are all the more
satisfactory because neither accompanied nor
apparently produced by speculative craze.
Dealings In stocks. cotton and wheat are not
diverting all the interest and capital from
productive INDUSTRY and legitimate trade,
though these products are all IA shade stronger.
But railroad earnings. bank clearings and IN
dustrial indications are more encouraging this
week.
Begins al the bottom.
1t is a remarkable feature that the lifting
this year begins q the bottom. so TO speak;
raw materials are raised before there is any
larger demand for their finished products. a
thing not often done with success. Hides
rose. then leather. and then shoes cotton
rose, and afterwards some cotton goods; coke
was advanced and afterwards bessemer pig.
In all these cases it Is reasoned that the larger
demand for consumption. though yet wanting
must come when it is seen that prices are go
ing up
Wheat, Corn. Etc
"Guesses about the condition OF wheat have
varied widely this week, and prices not much
the net advance being Ia cents Corn is a
cent lower, while pork is 20 cents per barrel
and lard and hogs 10 cents per 100 pounds.
Favorable Indications.
"A better indication OF general improvement
is that exchanges through the principal clear
ing houses for the week are 2L5 per cent
larger than last year and only l4l per cent
less than in 1893 which may probably mean
the advent OF decidedly better conditions.
Little encouraging be said of foreign
trade, exports for March being smaller than
last year while imports for the full month Will
doubtless show some increase. Rates for
money are higher, as usual just before April l.
and the commercial demand is somewhat
larger.
The Failure Record.
Several large failures this month have
swelled the aggregate Of liabilities for three
weeks of March to Sl1,Z7l,121 against Sl0O6l.-
99 last year OF which S. ,342 were of man
ufacturing concerns. against $4,459,llS last
year, and "a 1924 $40 in trading concerns
against S4,2250s9 last year The failures this
week have been pa in the United States,
against 23s last year, and ~ in Canada. against
30 last year. But the recent increase indicates
past rather than recent conditions OF unsound-
ness"
Situation at Various Points.
BradStreet's says:
Moderate gains in trade are reported from
Louisville with contsnued distribution of
large volumes OF staples from Chicago, St
Louis and Kansas City. Duluth reports
sales from 20 TO 10 per cent larger than
last year At ST. Paul general trade is
fair at Minneapolis ii is unchanged At
Sioux Falls, = d.. business with jobbers
is smaller than one year ago, but collections
on new business are good AT Cleveland and
Detrit few features are reported and collec-
tionS are unsatisfactory. Milwaukee reports
trade fair. with tendency improvement.
but Des Moines and Omaha say business is
dull, although some gain is reported in special
lines. a moderate improvement is announced
from Memphis Nashville, Birmingham, At
lanta and Augusta AT Chattanooga and Sa-
vanuah trade is quiet The movement of dry
goods at New Orleans has felt some increased
demand, but shipping interests continue dis
turbed. The season is backward at Galveston,
with trade only fair.