Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-10-08
In MARTS OF TRADE
Is Found the Key TO the Coun-
try's Prosperity.
REPORTS OF The WEEK GOOD
Showing an increase Of Business WIKI
Splendid Crops, Good Demand
and FAN Prices

weekly fcs4c6 q GA4o wall r2y AAo
frat week OF October shows more actIy-
iiy IN spite OF the near approach of the
presidential election Business Is dis
tiaetly better 1t the south on account
OF the improvement IN the price OF cot
ton, more active IN the west with im-
proved crop prospects, and only
slightly retarded IN the east. Tue
moderate increase IN the demand for
money Al New York, which preceded
the October settlements, has passed
without embarrassment, aud the rate
/ for money on call has declined from
/ 81 10 Al per cent, while At other cities
| the money markets are reported
abundantly supplied with funds. The
| expected reaction from the extreme
low price Of cotton helps business at
the south, aud although wheat is low
IN price, II Is little higher than Il was
= week ago. In general, speculation
has disturbed legitimate trade much
less during the past quarter
[ than 10 usual at TINS season,
although the transactions in cotton
have been exceedingly heavy. Trade
al Boston is somewhat narrower as the
election approaches. but dry goods are
quite active both at Wholesale and At
retail. Cotton goods are decidedly
firm and tend TO advance in price, the
trade in boots and shoes is remarkably
good and wool steady In price with
holders confident.
Al the Centers OF Trade
At Philadelphia trade IN jewelry and
pants 10 satisfactory. III liquors and
tobacco good. and steady IN chemicals,
while business In groceries IS fully
equal to last years.
Business - brighter at Baltimore and
the packing tfade opens with great
promise while building transactions
are heavy.
AT Pittsburg manufactured iron il
quite active and IN large demand 81
well supported prices, while business
in < ass Il fair, but strike of coal
miners embarasses the Monongahela
trade.
| At Cincinnati trade in groceries il
good and III the month of September
about thirty per cent greater than last
year, while other trade is active and
money growing somewhat stiff.
At indianapolis there Is q boom IN
manufactured stock and the railroads
find 1t exceedingly difficult TO hand e
all the tonnage offered.
AT Detroit manufacturing is decid-
eddy active. Chicago reports q large
trade IN merchandise, and good collec-
tions with bank clearlngs ii per cent
larger than year ago, with decided
increase III real estate and lumber
transaction. Receipts of cattle, hogs
aud sheep are slightly larger than a
year ago, but receipts of Hour, barley
cheese, hides and dressed beef are
double those of last years, of wheat
and butter three times last years and
Of oats and broom corn four times last
years, decrease being noted only in
seeds, lard, wool and rye.
In tho West and south.
At ST. Paul trade 10 materially greater
than q year ago aud at Minneapolis:
very good, lumber being unusually &C
tive aud the output of flour 209 zoo
barrels against 1874 900 last wear, Bust.
ness at 81. Louis IS more active than
usus! and collections prompt.
AT Kansas City trade is steady, cattle
receipts heavy and collections fairly
satisfactory.
At 0msha business is good, particu.
larry in groceries, and at Denver bust.
ness is improving. Nearly all southern
cities report better trade, though a,
Little Rock prospects are not consid.
cred encouraging.
Business al Louisville is improving
WITH large sales of tobacco. Al Nash.
vile trace IS fair, and at Memphis i'm.
proving, and decided Improvement i,
noted at New Orleans with better price,
OF cotton and very good collections.
Activity in the Metals
The iron industry Is doing well, not
wItbstandlng the resumption of WORK
by many establishments which were
Idle long time on account of strikes
the consumption of pig IRON apparent
! ly exceeds the production, and the dc
mand gives decidedly sitter tone tc
the market. Bar iron is still disap
pointing. and rails very doll, but the
| demand for structural iron keeps the
/ works busy and plates are surpris ngl =
active. While the output OF PIX ron j,
not as large a. 10 was q few months ago
the consumption Is probably larger
and the trade IN more healthy cOndi
ton. Larger sales of copper are also
reported at llk cents and tht
consumption Is very great. Thu
IA stronger by speculation o.
London without any dlscoyersbi,
reason. Lead "a slightly weaker at al
. cents and the market for the tin plate:
continues some what unsettled. Per
haps the textile Industries were nevei
more prosperous than they are now
, for while prices are remarkably low
the demand for goods "a large anC
urgent snd the works are crowded
with orders.
! There are signs of improvement il
prices OF cotton goods and sales o
wool Continue heavy Rubber good
works are busy. shipments of boots All,
5 shoes from Boston last week were s.,
600 sgalnst IS, 900 for the last wee
lsst year. and the receipts of cattle a
Chicago last week were 10000 agsins
I 5000 last year. IL "a not a sstsfsc
tory sympt m that the sDecu
lstiou In cotton il enormou.
! sales a. this city arnouutinl
| to ,2Sg 600 bales lsst week. " tn an al
vance OF r half cent in the price. lie
exports OF cotton are not isrge. and o
all domestic products the value ex
| ported last week was only g., 4S3. az
against s., 7ss 9s9 for the same weel
last year. Considering the great IN
crease IN imports OF merchandise th
state OF fore gn trade = hardly en-
| cOursging. While the imports are il
I part OF materials for manufacture
there e siso = quite noteworthy IN
crease N imports 0f duuabie articles
TIE treasury continues 20 accumu
iste gold, having added q its .tocl
2 al a. q