The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-02-27
in THE MARTS OF TRADE
REPORTS FROM DISIRIBUTING GEN.
TEES VERY FAYORABLE.


General Belief That the Era of Prosperity
is Close mt Hand-Steady Gain In Conf
denee Among characterization of Sew
eral Industries Set Forth-Demands In
creasing.
New York, Feb. 26.-R. G. Dun &
Co.'S weekly review of trade says;
Genuine improvement in business
does not come with rush, like the
breaking Of a great dam, The growth
for some weeks past has been more en-
couraging, because in nearly all lines
it has been gradual and moderate. The
rupture of the steel rail combination
has brought out vast quantity of
trade which had been held back, and
has set many thousand men at work,
while the slow but steady gain in 9TH
er great industries has given employ
ment to many thousand more, but the
full effects will not appear until the
increased purchases by all these swell
the distribution of goods. This comes
more slowly and late, but is already
apparent Certainty regarding the flu
ture will help it nightly, and is multi
tudes expected with strong hope.
Meanwhile it is substantial ground for
confidence that months which were re-
garded by many in the money market
with serious apprehension have passed
without disturbance and with steady
gain in the position Of the country and
of the treasury
The breaking of bonds which have re-
stricted many branches of the iron in
dustry has been followed by an enor-
NOUS increase in demand and in orders
booked, and by the starting of many
works. Nothing is yet settled about
the price of lake ore for the coming sea-
son. but some expect for Mesabi the
price of 1895, while others expect low
err price, either being at least 20 per
cent. lower than the prices of last year.
The rapid increase in coke output in
the Connellsyille region, which is now
over 100000 TONS gives prospect of mod
crate cost for fuel and the addition of
important furnaces to the producing ca
pacity prevents a large rise in BESSIE
1ner pig which has nevertheless adj
vanced 10 cents at PittSburg, with an
increasing demand. Purchases of rails,
estimated at 100000 tons within two
weeks, whereas the production last
year was 1,102,S92 tons and the sales
said to be only 100000, ensure employ
1nent for the works far ahead, and
eastern works are taking desirable
contracts at SIS per ton. Bars are I'M
changed, but orders for 900 cars by one
railway, with numerous others, increase
the demand, and plates are required
for two great elevators at Chicago.
Important contracts for export contin-
ue. and American makers undersell
foreign in tin plates by 70 cents, and
are selling cotton ties below rs cents,
for which 81. 10 was charged by import
ers year ago.
With less rapidity, but yet steadily,
other industries are gaining. Although
brown four-yard sheeting are an eighth
lower and print cloths a sixteenth low
er, it is found that several cotton mills
have started not covered by the re-
striction as to print cloth works, which
is carried out Increasing demand has
also started quite number of WOODEN
mills, including many making dress
goods and hosiery. The demand for
mems woolens is also somewhat better,
especially for heavy weights, and there
are improving sales of better qualities.
Sales of wool have been 3S.317 200
pounds in four weeks, against 22,366, 800
In the largest previous year, 1892, and
the great establishments are believed
to have supplied their possible wants
for some months ahead, a single pur-
chase of 100000 pounds of South Amer
lean cross bred being the most import
ant noted this week. In boots and
shoes also the growing belief that
prices will not give way has started
many more shops, although many job
bers still shrink from the prices asked.