The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-03-28
THE CONDITION OF TRADE
FAVoRABLE WEATHER TENDS 10
CREATE 4 BETTER FEELING,

Reports of Large Crops in tho South Are In
Sieht--san Francisco Exports Have Fallen
ofr-There is u Lack of Improvement in
Mercantile Collections.
New York, March 27.-Bradstreets to-
morrow will say: The week has brought
more favorable weather, which tends to
create a better feeling. But trade, ex-
cept at Baltimore, Minneapolis, st. Paul
and Chicago, and to a moderate degree
at other points, remains dull and I'M
satisfactory. The most encouraging
feature is the advance in price of
wheat, Indian corn and Bessemer pig
iron, the latter being based on the
higher value placed on lake ores. While
there have been large sales of dry
goods, shoes, hardware, iron and leath-
er at Chicago, business in other lines
continues slow. Crop prospects in Iowa
| are good, and Kansas and Oklohoma
| producers are holding Indian corn for
| higher prices. The check in demand
for groceries and provisions at the
south is due to planters having raised
large food crops this year. Heavy re-
ceipts of vegetables at southern mar
kets are followed by reports of large
crops thereof in sight. San Francisco
| exports have fallen off, but those TO
| Mexico and Central America are the
heaviest on record Portland, Oregon
is sending large quantities of lumber
to the west coast of South America and
| Tacoma cotton, flour ana luinper e
| trans-Pacific markets.
One of the most unpleasant features
is lack of improvement in mercantlle
collections. This, with the commercla
calm at many of the most important
trading centers, points to some OF the
effects of the prolonged period of with
drawal of capital from enterprises II
the United States and to the unwilling
ness of domestic capital to seek new
ventures at present
The bank clearings this week are
per cent less than for the same perlot
of last year. Wool in some instances
has been shaded in price. Trade II
wool is almost at standstlll, aslo
from a few sales made for export. for
eign dress woods are higher, the onl.
Improvement in the outlook for Ameri
can fabrics Additional wooden mill
have closed for lack of orders. KAY
cotton is lower, presumably on report
of a. prospective large crop. The heav,
movement of ginghams appears to b
the outcome of drives and auction saieS
the effect of which on other fabrics l
; depressing. Large accommodations Q
white cotton are reported, and ProVi
dence bankers state that cotton man
ufacturers have sought loans there t
enable them to carry accumulate
: stocks.
Exports of wheat, flour as whea
from both coasts of the United State
this week are only slightly heavier tina
last week and far below the usual week
Nv average, amounting to 1,744,00o busf
els. compared with 1,592,000 bushels
Y the previous week and 2,562,00O bushe
!. in the week a year ago. Exports
e Indian corn amount to 1,727, 600 bushe
e this week a small decrease from tt
v week before, three times the quantit
sent abroad in the corresponding wee
:, a, wear ago and about per cent. MOI
4 than sent dDIOdu WV SCetio CO., 49,
), mercantile failures have temporal
effect on trade, and in instances hay
caused a closer scrutiny of credits al
. a check on sales and distribution ON
276 business failures are reported IN u
l. United States, compared with 300 la
- weeI. but an unusually large propo
ton are of heavily capitalized concern
# The total number Of failures a year al
!, was 232.
Y Snow blockades in the province
e Quebec, followed by rain, have le
country roads in a condition to contln
d to check commercial enterprise. AT
If city of Quebec trade is slightly impro
e ed. At Toronto trade is featureless a.
st without activity. Collections are bac
re ward. Bank clearings at Winnipe
,r Hamilton, Toronto, Montreal and Ha
fax amount to $160,O17,0 900 this wee
If against $156, 900 in the week We
a | ago.
a There are forty-four business failul
r. reported from the Dominion, compar
=. with forty-nine in the week a year al