The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-10-27
DISAPPOINTING.
Business Has Not Realized Anticipa-
tiOns.
BRADSTREET'S REPORT SHOWS A
PREVAILING DEPRESSION.

The Bank Clearings and Loans Are a
Feature This Week-Great Decrease in
Deposits Reported by Savings Banks
Price of l:Staple Lines Rule Lower
and Merchants Are Holding Off.
New York, October 26.-Bradstreets to-
morrow will say: Merchants interviewed in
various portions of the country report that
in some instances the condition of business
not having realized anticipations, and at
other points the recent bright outlook for
trade is modified. Such adyices are based
in part on practical conclusion of fall
trade and delays in the demand for holiday
goods. Dealers in dry goods, clothing.
81 loceries. shoes, hats, and few other lines
had relatively more satisfactory volume
OF business, although in many instances the
fault was found with the totals shipped.
General trade continues checked through
out some portions of the regions supplied
by Kansas City, st. Louis. Omaha, Mime
apolis, st. Paul, due to the unseasona bly,
warm weather. At the South the low oricss
for cotton continue TO effect business un-
favorably. many larger merchants being
more cautious as to granting credits 10 in
terror merchants. Throughout a large
portion of the region between Ohio and the
Northwest. the interior jobbers will con-
tinue to carry small stocks throughout the
winter.
IN THE EAST.
. Eastern dry goods jobbers report only low
cost goods are moving with any freedom.
and the outlook for settlement of the Fall
River strike is less favorable. Domestic
fieeces are depressed by freer offerings of
Australian wool at concessions. The out
look for war among the coal roads is not SO
bright as late reports indicate, 1t being un-
likely that the producing and carrying com
panies will enter into any active antagopism
until the results of the attempt to dvance
prices for November with unrestricted min
ing is ascertained. Boston merchants are
supplying daily needs only. and shoe manu-
Tacturers alone, are reporting quite an
active movement. At Providence, manu-
featuring jewelers. are still active. as are
makers of other holiday goods. Tie Phila-
delphIa textile workers do not regard the
near outlook as very encouraging, and gem
e1al trade is very quiet except with few
at Buffalo and Pittsburg, advices do not
show material Improvement. At Baltimore
the season ended with volume of business
greater than last year, but prices are very
low.
WHEAT EXPORTS.
Exports of wheat, and flour as whea.,
from both coasts of the United States and
Canada for six business ssdays ending e.
tober 25. equal 3333, 900 bushels. as compared
with 1927 900 in the like week of October,
1898. indian corn shows ractional ae-
vance and wheat is off half cent; oats
seven-eights of a cent, pork 25 cents, LARD
15 cents, sugar one-quarter cents, cotton
one-eighth cent, iron and steel sold lower
Domestic woods are weaker and rush of
low grade cattle and.hogs tosmarket sentsthe
prices down 10 and is CENTS The pre-
diotions of an early ad vances for bessimere
pig and for steel billeA remains unreanzed,
with the outlook indicating nothing favor
ing materially higher quotations, until
February.
BANK CLEARINGS.
The total bank clearings throughout the
United States for six days, ending Thurs
day, are $9l2,OOO,O00, against S950. 100000
last week, as comparedswith SO, LAS, ,O00. 600 in
the corresponding " eek of October of last
year. A total for the like week of October,
1892, show decrease of $25, 100000. The
business failures throughout .the United
States this week number 22l against 329 in
the like week in 1888. Reports to Brad
streets from LILY national. state and
private banks of discount at 122 cities in
the United States, show total deposit
September l. last. of S1,935. 100000, and in
crease of about S5lo. .0OG. 900 since September
l. 1888, just after the panic. The gain Is of
only one-half of one per cent since May /,
1894, and compared with May /. 1s3. just be-
fore the; panic the increase in total de-
posits is Sl55.OOO.O0o.
TOTAL LOANS.
The total loans to September /, last,
aggregated Sl,SOS, 100000, an increase of
SIT 00O. 900 since May /, 1894. and $ls7, ,0O0, 900
since September l, 1893. just after the panic,
contrast ed with an increase of $5l0, 900, COO
in deposits since the panic ended.
More striking than this Is the net decrease
in the total loans of September l, 1894, of
more than two FER cent compared with May
l, 1898, just prior to the panic. Reports to
Bradstreets from $50 savings banks at s5
cities, with the deposits aggregating fve-
sixths of the grand total of all the savings
banks deposits, indicate that the withdraw
ais from such institutions for variety of
motives, since May l. 1898, aggregate $1l3.-
000000. Sums due depositors in the savings
banks were $49,000,0OO smaller May /. 1894,
than September 1. 1898. The. increase with
in the four months ending August 81, last.
is not quite S20,00c,00O.