The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-03-23
IMPBoVEMENr MORE MARKED.
Bradstreets Says it is Mo 9 Conspicuous in
New England.

eral trade is more marked, but not gen
eral. 1t is more conspicuous at large
New England points-notably Boston
and Providence-at New York, Pitts
burg, Cincinnati, Louisville and othe,
centers along the Ohio to st. Louis
and as far west as Kansas City. SINH
lar reports come from Chicago, NIiIwau
kee and st. Paul, the first named an
lnouncing that smaller quantities of
per cent. money are being offered, the
banks working steadily toward a 5 pei
cent. basis, demand for loans contin
uing to improve, and reserves being
lower than for year past.
From other cities better feeling is
reported, based upon the recently devel
oped strength in cotton, wheat and
-four. The widespread prevalence OF
the inquiry whether this upward move.
ment is the beginning of a permanent
recovery from the two years of depres-
sion is OF itself significant.
The total bank clearings throughout
the United States during the past six
business days show a gain compared
with last week and with the CORE
spending week last year of and 1s
per cent. respectively. When contrast
ed with the total for the third week of
March, 1898, one month prior to the
outbreak Of the panic the falling off this
week is % per cent, and compared with
1892 this weeks decrease is II per cent.
While amorg important price move
ments there are reactions for wheat,
oats and lard from the advances of last
week this was to be expected as the out
come of selling movement to take
profits, emphasized by favorable crop
reports from abroad and freer receipts.
Quotations for anthracite coal have
been demoralized, and there is little
hope for them until those who make
them desire to have prices higher and
steady.
Wool remains unchanged, although
the volume of business is smaller, be-
cause it is between seasons with dress
goods. Mills and Australian woods are
more popular. No changes in quota
lions are noted in coffee, sugar or naval
stores. On the other hand cotton has
jumped up Sic cents, corn = cent
higher and butter has scored another
advance. On the Pacific coast lumber
Is higher and advancing and at cen
trail western markets leather is up cent
per pound and calf skin and cents
per foot. Live cattle also have ad-
vanced, as has coke, which, taken in
connection with increased wages paid
iron and steel workers at Pittsburg indi-
Gates an advance in Bessemer pig iron
and billets. Increased firmness is re-
ported in some varieties of cotton goods
due to the advance in cotton, several
varieties having been marked up "A cent
by manufacturers.
Heavy coal shipments and improved
demand for iron and steel are reported
from Pittsburg. But less satisfactory
returns are received from Baltimore,
Philadelphia and Buffalo. At Philadel-
phia general trade is dull and jobbers
are doing little. Pleasant weather at
Buffalo had improved the feeling, but
the volume of trade is unchanged.
Trade is only fair at Cleveland; collec-
tons unimproved. Jeans manufacturers
at Louisville are pushed to keep up with
orders, and while only few lines report
Improvement at Chicago, this is in adj
dition to gains week ago. Buyers
from some of the most prosperous sec
tons have purchased stocks at Chicago
this week, which with the improved feel
ing in hardware and bar iron have i'm
parted a more confident tone. Relative
ly greatest activity at Kansas City is in
dry goods. An unfavorable feature of
the week is found in Nebraska and
Iowa. Omaha announces no change.
At Nashville, Memphis and Savannah
the weeks volume of business is re-
ported slightly in excess of a week
ago, Increased demand being noted in
groceries hardware and agricultural
AT no other prominent
southern cities are gains reported ex-
cept New Orleans, though trouble with
the dock freight handlers has resulted
in a loss of business. At Charleston,
Atlanta, Jacksonville,
and Galveston trade is of
moderate or fair volume, with collec-
ions slow
Exports of wheat, including flour as
wheat, from both coasts equal $685.
iS5 bushels this week, more than 600,-
700 bushels in excess of the quantity
shipped abroad in the third week of
March, 1894. For the first time in many
months the weeks exports of wheat
md flour have been in excess of cor
totals in four preceding
iears.
The total number Of business failures
n the United States is 252 this week,
against 1877 in the week year ago.
No improvement in business is re-
ported from Halifax, the weather being
old, roads bad and collections slow.
trade has improved at Tor
INTO, with jobbers Of dry goods and
lardwarej the grain market is stronger
md ontario millers have been receiv-
ng wheat from Montreal Montreal
eports an average volume of business
or the season. Collections throughout
he province of Quebec are fair only.
Bank clearings at Winnipeg, Hamilton,
Montreal and Halifax aggre-
rate $18,11S954 this week, compared
With 17,5S5,000 in the week a year ago.
rhe number of failures in Canada Is
0 this week; year ago 1t was 81.
Thousands Returned to Work.
40