The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-11-14
BRIGHTER DAY DAWNING
MEYER BEFORE mas BUSINESS
SHOWN SO GREAT Il CHANGE.

Monetary Anxiety Being Removed, Mer-
chants and Manufacturers Are Operating
with Confidence-In All Staple Lines
There is an Increased Demand Failures
of the Week.
New York, Nov. 1S.-R. G. Dun &
Coz Weekly Review of Trade says:
No one now doubts that the brighter
day is dawning, and it is the common
remark that never before has business
shown so great a change for the better
In a single week. To the change of con-
ditions and of spirit described last week
there has already answered a large in
crease in the working force and in the
volume of trade. Monetary anxiety
and peril being removed, the business
world has that confidence which is
worth more in practical influence than
several thousand millions of currency
in circulation.
Many textile works have been start
ing or increasing force, mostly on or
ders booked weeks ago. But there has
not been much gain in the demand as
yet After purchases of $4,000, 000
pounds of wool in five weeks the trans
actions fell to 6,249,700 pounds last week
but prices We're strong and in some
grades one cent higher, and even great
er advance is demanded at the west,
while foreign markets are higher and
Australian fully l cent per pound high
err. There is a slightly better demand
for lightweight mems goods and for
dress goods, but not enough as yet to
start most of the waiting mills. The
market for cotton goods is not yet &C
tive, but more liberal estimates of the
cotton crop are generally credited
causing an eighth of cent decline, to
eight cents.
The output of iron furnaces in blast
November 1 was 124,077 tons weekly
having been increased II ,295 tons, or Il
per cent. in the latter part of October
by confidence in the future. All the
markets We're stronger, although the
enormous purchases of pig iron in ad-
vance of needs cause comparative mac
tivity at present. Plates and steel bars
are 81 to So per ton higher and sheets
are in better demand. Anthracite and
Bessemer pig have advanced a shade
and the average of prices is 21a pei
cent higher. The billet pool is in pro-
tracted meeting here this week to de-
: eide upon it's course and is still under
sold. The beam, bar, rail and wire nal
associations doings this week and the
underselling of wire nails by outsiders
have gone so far that a decline of AZ
cents is openly quoted.
1t is noteworthy that the prevailing
expectation. Notwithstanding the gen
era1 Improvement in business is that
some, if not all, of these combinations
will decide to reduce prices. The coke
combination, it now appears, has not
prevented large contracts for future de-
livery at less than 81, its fixed price
and even less than4$1.75 but the output
last week decreased. A heavy sale OF
copper to foreigners, said to cover ten
million pounds has raised the price to
111s cents, and tin actually sells at Il
cents, though less is quoted.
The Chicago hide market lifted prices
II per cent. in single week; leather
has risen 16 per cent, and quotations
of boots and shoes have been raised
on an average of AS per cent, checking
business.
Failures for the week have been 27t
in the United States, against 2S3 fol
the corresponding period last year, and
forty-six in Canada, against forty nine
last year.