The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-10-20
FINANCE AND TRADE.
Leading Business Features Those
O. Tolerate Improvement,
IMPROVEMENT OVER LAST YEAR

The Improvements, However, Is Slight aud
I, Considerably UcIow the Business Of
Two Years Ago-Pricc of IIar Iron Lower
Than in England
NEW YORK, oct -Bradstrccts' re-
view o' trade says With few exceptions
the leading features of the business situa-
| tion have been those Of continued moder-
ate Improvement, although the total vol
ume of business so far as indicated by
bank clearings throughout the country,
Will require considerable expansion TO
compare tavorahly with corresponding to-
tails two years ago. The relatively favor
able bank clearings is offset in part by
decline in prices Of staples, coffee alone
scoring slight advance.
Lard is lower in price, and the prospect
for cessation of textile labor difficulties at
the east has weakened the print cloth mar
ket. As serious as any other decrease is
that in cotton, the feature of trade south
this week being check to purchases by in
terror merchants for spring delivery and
slower mercantile collections, due to lower
prices for cotton.
The strength Of foreign exchange and
gold engagements for the week, aggregat
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| tive stock market and checked activity.
Current decreases in railroad earnings are
| ascribed to the effect of the heavy Worlds
fair passenger traffic year ago.
Textile labor difficulties at New Bed
ford are reported practically settled, and
| about One-half of the looms at Fall River
are again at work. The improvement re-
Gently reported by manufacturing jewellers
| at Providence is maintained, and Buffalo
! dealers in building materials report more
activity. Philadelphia's woolen textile
industries are more active than year
ago, but are not doing the business of
two years ago. Baltimore johbers having
| extended relations south report relatively
| greatest activity in Virginia and North
! Carolina
Nearly all the more important business
| centers west and northwest report muder-
ate activity, but few of them announce
new features.
At four southern cities general trade Is
| reported to have shown some Improvement,
| Memphis, jacksonville, New Orleans and
| Galveston, but at Savannah, Augusta,
| Atlanta and Nashville increased cotton
receipts and lower prices have had an un-
favorable influence. At Charleston, Chat
tanooga and Birmingham business has
been quiet.
r. G Dun & Co.'S review says: Cotton
below 8 cents and wheat below 30 cents,
| each lower than ever since present classi-
flcations We're known, with exports of
| gold instead of products at such prices in
| October, are the salient features in bust
ness this week. Distribution of goods to CON
| sumers goes on fairly, with gains at nearly
all points in comparison with last year,
but not yet at "a rate to sustain the present
volume of manufacturing production, SO
that prices weaken IA little.
The iron and steel business makes bet.
( ter showing this week, Bcssemer pig hav
ing stitfened TO 5000 at Pittsburg, and al
Chicago and New York further structural
and bridge orders have been placed, but
bar iron has fallen TO 30 cents for common
and 81 for steel at Pittsburg, which ar,
prices below those current in Great Brit
ain. There is good demand forsheets, anC
some good brio contracts are reported.
| During the past week the failures have
been 253 in the United States, against 3i
for the same week last year, and i3 in
Cun,..a against ~ last year