Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-10-20
STAPLES DECLINE
And Partly Offset Favorable Bank
Clearings,
But on the Whole Rradstreets' Report is
Slightly Encouraging.

New YoRx, Oct. 19.-Bradstreets
tomorrow, will say With few exceptions,
the trading features of the business situs-
ton, this week, has been continued with
moderate improvement, although the total
volume of business, as far as in Heated by
bank clearings throughout the country. will
require considerable expansion to compare
favorably with corresponding totals of two
years ago. The volume of clearings
for the six business days ending
October IS, was S949 100000, or
2.3 per cent. more than the preceding week
and 2.5 per cent. larger than the third week
of October last year, but nearly 81 per
cent. smaller than the corresponding week
of 1892. This relatively favorable bank
cearings report is offset in part by prices
of staples, coffee alone scoring slight ad-
vance.
At Louisville tobacco is easier under
promise of large crop, and hides are
lower in price at some of the more import
ant markets. Leather is quoted lower at
Western cities.
Competition of northern lumber manu-
facturers forced down prices at Chicago,
and all except the best grades of live cattle
at Omaha and Kansas City sold for less
shown declines. The production of iron and
bessemer steel continues heavy as hereto
fore, and quotations have been further
shaded. Lard is lower in price, and pros
pect of cessation of textile labor difficulties
at the East weakened the print cloth mar
ket. Serious as any other decrease is that
in cotton. The feature of trade in the
South, this week, was the check to pur-
for q
livery and slower mercantile collections, due
to lower prices for cotton. Exports Of wheat
flour included as wheat) both coasts of the
United States and Canada, this week,
amount to 1892 900 bushels, against q
7O9 600, the third week of October year
ago. There were 253 failures IN the United
States within the week as compared with
$40 the third week of October a year ago.
Textile labor difficulties at New Bedford
are reported practically settled, and about
half of the looms at Fall River are again
at work. Improvement recently reported
by manufacturing jewelers. at Providence
is maintained. Buffalo dealers in building
materials report more activity.
Philadelphia's WOODEN textile industries
are more active than year ago, but are
not doing the business of two years ago.
Baltimore jobbers having extended rela-
tons South report relatively greater activ-
ity in Virginia and North Carolina. Nearly
all the more important business centres
West and Northwest report moderate achv-
ity but few announce new features. Chicsgo
advices are received of the increased mail
orders and fewer purchases in person with
relatively the heaviest demand for under
wear, clothing, cloaks and q smaller volume
of money going to the country. st. Louis
merchants report increased confidence with
iobbers dealing there and the expectation
of largely increased stocks of spring goods
throughout the region tributary. Kansas City
and Des Moines both report warmer and
unreasonable weather served to restrict
the volume of business within a few days.
At and near Omaha, the weather favored
general trade and farm work. The con-
diiiors prevailing at Cleveland, Cincinnati,
Louisville, Milwaukee aud st. Paul the pre-
cedng weeks are practically without
change. AT San Francisco and Portland,
Oregon, the volume of business is fairly
satisfactory and the demand for grain YES
sells is more active, with advance in rates
to the United Kingdom. At four Southern
cities the general trade reported has shown
some improvement, Memphis, Jacksonville,
New Orleans and Galveston. At Savan-
nah, Augusta, Atlanta and Nashville, in
creased cotton receipts AID lower prices
had an upfavurable influence. At Oh .rles-
ton. Chattanooga and Birmingham business
is quiet