The daily morning journal and courier., 1895-02-02
HAD A DEPRESSING EFFECT.
WORK OF RAPID RITHDRAWALSo OF
 GOLD ON GENERAL TRADE.


 Bradstreets Says That in Nearly All Large
 Eastern Cities Rates Have Advanced
 Four Staples Steady in Price-No Change
 in Textiles.
 New York, Feb. 1.-Bradstreets to- morrow will say:
 Special telegrams to Bradstreets from many of the important points of dis tribution throughout the country makes it plain that the rapid withdrawals of gold from the treasury has had depressing effect oni general trade. At nearly all larger eastern cities rates have advanced and at Boston supplies of commercial paper have increased. Mercantile collections at the best are characterized as fairly satisfactory, but in most instances are slower than usual at this season. This is emphasized by the fact that Baltimore jobbers are waiting results of sending out bills for last falls business before deter mining as to credits to be granted
 The failure of the vicious features of the Brooklyn trolley car strike, which has cost about $3,00O,000, permits a re- vival of trade at that city and to an extent at New York. Among staples four have remained steady in price wool, lumber hides and leather-al- though in western centers some grades of the last named have been held at an advance and at London sales of wool sold up slightly. More important de- creases were on live cattle and hogs, the latter 10 cents per cwt., wheat, corn and oats and pork (about $1 per barrel after the bulls had tired of hold ing up prices) and lard and cotton.
 The greatest encouragement as to advances in prices is found among the iron and steel industries. Bessemer pig iron and steel billets have advanced fully cents per ton each and demand for shaped iron by car, wagon and i'm plement makers calls for attention, that for nails and for barbed wire being pronounced, advancing prices five cents on each. Low temperature west has put up prices of eggs and potatoes and quotations for coffee and sugar are higher. In textiles there is little change or prospect of it.
 Every eastern city reporting specifies g moderate volume of business or that general trade is quiet with hand-to- mouth demand, partial exception be- ing Buffalo, where cold weather has stimulated sales of coal and other sea sonable goods, although general mer- chandise is moving slowly. Providence reports fair outlook for woolen goods manufacturers and Manufacturing jew elers, but the only line in Philadelphia reporting anything like activity is dry goods, demand for the west having i'm proved. At PIttsburg there is encour- agement because of the outlook for iron and steel.
 At the west the only city reporting a larger volume of business or influences for improvement is St. Louis with a satisfactory trade, particularly in mill lfnery, dry goods and iron and steel At most of the other cities in the cen tral west, western and northwestern states business is only fair, except in few staple lines At Duluth favorable weather has helped business. At Chi cago prices of and demand for clothing, shoes and rubber goods are stimulated by lower temperatures Kansas City reports fair demand for forward de- livery, but at Portland, Ore, wholesale lines are more or less depressed San Francisco reports no material change l within the week.
 At the south better distribution of | shoes, clothing, rubber goods, dry goods and groceries is sufficiently conspicuous l at Chattanooga and Galveston to mark trade at those points an exception to the ! rule.