The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-11-28
FROM THE TRADE CENTERS
NO MATERIAL IMPROYEMENT RE
PORTED IN STAPLE GOODS.

The intervention of Holiday Made the
Volume Lighter-Trade for Holiday
Goods Has Not Yet Actively Set In
Heavier Sales of Wool-Bank Clearings-
Failures for the Week.
New York, Nov. 27.-Bradstreets to-
morrow will say:
Last weeks disappointment at the
lack of demand In general lines con-
tinues, the intervention of half Holt
day having made trade quieter and the
volume smaller. At some points of
distribution there is no change in the
situation. Mild and unreasonable
weather prevents a more active dis
tribution of clothing and heavy goods,
and the volume moving Is smaller.
Where business has been more active
it is due to filing in orders and to the
demand for holiday goods. Confidence
in a revival of demand, which has not
yet appeared, was responsible for the
starting up of some mills and factories
which are dissatisfied with their pros
are of an improved tone of trade and a
favorable outlook for 1897
There have been heavier sales of wool
to manufacturers at firm prices, but
wooden mills have only fair orders for
spring delivery Jobbers in textiles re-
port dry goods quieter, due to the holi-
day, and that jobbers, disappointed in
the most business, are looking ahead to
improvement next year. A better de-
mand for shoes for spring delivery has
stimulated manufacturers to increase
the output, but the request for lumber
has fallen off
Iron and steel manufacturers report
demand not equal to expectations and
no likelihood for Improvement prior to
the new year. Bessemer steel remains
firm at pool prices, but billets for ex-
port are off 81 ton. Nails have drop
ped heavily on the collapse of the pool,
and even Bessener pig iron is shaded
on decreased time and ample supply.
Cotton ties are lower, and the steel rail
pool has not yet decided as to quota
lions.
The larger number of changes i'll
| prices of staples were downward this
week, petroleum. turpentine, hides, ap
| pies, cotton and wheat -four being low
er in prices. Unchanged quotations arc
reported for wool, print cloths leather,
| pork, sugar and coffee, while the lead
| ing cereals, wheat and oats, respond
with advances, as do prices for lead,
| lard and tin.
| Reaction in the demand which APP
| peared Immediately after election, to-
gether with the intervention of the
Thanksgiving holiday, accounts for the
| sharp reduction in bank clearings
| throughout the country, the total for
which is $4,000 900 this week, nearly "a
per cent. smaller than last week, but "a
per cent, larger than in the correspond
ing week one year ago.
There are 295 business failures
throughout the United States this week
seven more than in the week one year
ago. Exports of wheat (flour included
as wheat) from both coasts of the Unit
ed States Newport News missing)
amount to 3,641, 51S bushels this week
against 2,460,o 900 bushels in the week one
year ago. Exports of Indian corn this
week amount to 2,651.663 bushels
against 1920, 900 bushels in the week one
| year ago.
General trade is quiet at Toronto ow-
/ ing to unfavorable weather, cotton and
| wooden fabrics being relatively firm
! The volume of business at Montreal has
| been about an average, orders beine
light. Navigation is closed and export
ers report shipping trade at that port
the most profitable for several seasons
General trade at Halifax has fallen of
owing to the holiday and to the unfa-
vorable weather Similar report is re.
ceived from ST. John, N. B. Weather
conditions throughout the maritime
provinces generally are unfavorable tc
business. Total bank clearings at Win
nipeg, Hamilton, Toronto, Montrea
and Halifax aggregate $l7,S3S,000 this
week, against $23, 900 in the weel
one year ago. There are thirtNsi,
business failures reported from the Ca
madam Dominion this week, agains
fifty-two in the week a year ago.