Thomas County cat., 1890-10-09
Condition Of Trade.


weekly review of trade says:
Never before has there been in any month
so great an increase in the circulation or so
large a payment of public debt as in the
month Just closed. Domestic trade is I'M
proving in all directions, and at least for the
time there is also improvement IN exports,
which now show for the past month gain
of per cent. over last year at New York.
Of the magnitude of domestic trade, it ap-
pears that actual payments through clearing
houses outside of New York were in Septem-
Der 16K per cent. greater than last year.
This is partly due to higher prices, for the
general average of commodities has risen
per cent. during the past week, and has
been over 6 per cent. above last year for the
past month. But the earnings of railroads,
as far as reported for September. show
gain over last year of ~ per cent, and the
movements of cattle and of cotton is partlc-
ular heavy. In spite of the short crop, the
movement of oats exceeded last years,
while the decrease in wheat and corn Is partly
balanced by increase in -four. Sales of iron
ore at Cleveland thus far this year exceed
last years to date by one-third. These items
respecting the larger trades accord with ac-
counts from nearly all cities, which continue
highly favorable.
Boston notes healthy and encouraging
more confidence. Chicago notes, besides
heavy receipts of grain, meats and cattle. a
larger trade in dry goods than last year, with
prompt collections, and the same In boots
and shoes, and larger trade. but not 30
prompt collections, in clothing. st. Louis
notes unusual activity in all lines. with
the dry goods trade exceeding any previous
year. Cincinnati reports very liberal orders
for clothing, a good trade in tobacco at
favorable prices, and heavy movement of
fruits and prodcce on account of local scar
city. Milwaukee notes very good trade. the
ciothiers especially being unable to Till unex-
pectedly heavy country orders.
At Savannah trade is very brisk. St. Paul
and Minneapolis, Omaha, Denver and Kan
sas City, it is very good; at Detroit better
than last year, in some lines, and at Pitts
burg large in volume and strong in tone for
finished iron and glass. but less strong for
Dig iron and rails, and for glass chimneys.
Many works there are hurrying prepara-
tions to turn out tin plates. The iron mar
ket is singularly sustained in spite of unprec-
edented product, by the unprecedented de-
mand. A sharp advance in tin closed with
prices nominally "a cents higher, though the
Lake copper is firmly held at II cents not.
withstanding raids on other grades, and lead
| is strong at S5.37, some foreign having beer
| bought for importation. Cotton and cofee
have been unchanged in price, with oil ano
| hogs lower, but the price of wheat has ad
| vanced, while oats have declined. Tne de
| tails given show that in ali parts of the coun
| try, and in all important branches of business
there is phenominal activity, nevertheless
| there is comparative freedom from specula
| tive excitement or disturbances.
The general soundness of trade IS shown
by the reports of failures, which for the thirt
| quarter of 1890 were smaller in number ant
| amount of liabilities than for the same quar-
ter of 1889, though in Canada rather large
| in both respects. The decrease In numbe
| in the United States was rather small, 2, 1876
this year, against 2.276 last year, but the liza
bilities were but S35, ,452, ,436, against $39,
227 ,O45 last year, showing decrease In tn
| average for each firm failing.
The business failures occurring throughou
the country during the past seven days mum
Der 1877, as compared with 2l9 last week. Fo
the corresponding week Of last year the figure
were 206.