The Portland daily press., 1894-11-17


of wheat From the West Coast-Con-
ditions Are Generally Favorable.
New York, November 16.-Bradstreets to-
morrow will say: Perhaps the most con-
spicuous favorable feature of general trade
situation is found in the numeI Gus reports
from merchants and manufacturers
throughout the country of a disposition to
regard the business outlook more encourag-
ingly ard with increased confidence in an
early Improvement in trade, even in many
portions of the south and southwest. Ad-
vices from the interior are that the country
merchants are doing an increased volume
Of business. based on favorable weather
and large crops. This is more striking in
view of the continued reports of the IN
favorable effect OF trade in the South of
the low price of cotton. From Georgia it is
learned that the fertilizer manufacturers
have arranged to curtail the output next
season, in some instances as much as 40 per
cent. In Easter centres manufacturers of
glass. leather, lumber. cottons, woolens, to-
bacco and agricultural implements, as well
as jobbers in general dry goods. Hardware,
groceries. beavy clothing and shoes in
numerous instances report increased volume
iLg corroborated by
BANK CLEARINGS
at seventy five cities amounting to Sl,0l9.-
000,000 a gain of 7.6 per cent compared with
the week before and 1-3 per cent heavier
than the like week of last year. They are
25 per cent less than the second week of
November of 1892. This is the first week in
which the volume of cleaIings equalled or
exceeded S1,0O0, 100000 since early in Janu-
ary last. The heavy gain in shipments of
shoes from New England manufacturers
has continued this week with with total
of 16, 900 cases, compared with 10000 cases
last year.
A favorable change in the movement of
prices last week continues with higher
quotation for butter, eggs, hides. wheat at
l 7-8 higher and sugar 3-16 cents. corn
cents. oats 3-s cents. lard 1-5 cent, pork 25
cents and coffee 3-S cents. Cotton remains
unchanged, and leather and some grades of
iron, print cloths. wool and lumber at
eastern markets are all frmer. More notice.
able declines in quotations are in a shaded
price for bessemer pig iron and for live
cattle and hogs. AT Western mar kets,
where receipts are low grades have been
free. Leaders in the wool trade say prices
for that commodity have reached their
lowest figure, and an increased demand
since election points to an advance. but as
yet domestic feeces feel the competition of
the Australian. An impI ovement in the de-
mand for dist ribution of dry goods is
sufficient to stimulate the discussion of
higher prices. Philadelphia. Pittsburg and
Buffalo report moderate Improvement in
some commercial and manufacturin lines,
and
BOSTON SAYS
trade is quiet and except for shoes and dry
goods, the outlook is for gains.
Baltimore announces dull trade with
small volume of orders, and holiday and
fancy goods are in best demand. Aside from
the extension of feeling of confidence in
the early Improvement in the general de-
mand advices from Cleveland. Cincinnati,
Louisville. Omaha, Des Moines, St. Paul,
Minneapolis, San Francisco indicate no
material change within the week. There
are gains in the volume of goods distributed
at Detroit. Chicago. Kansas City, and
Duluth, notwithstanding the unfavorable
weather, cut lumber prices and heavy re-
ceipts of live cattle. At st. Louis. Milwau-
kee, Portland there has been an increase In
the volume of trade.
Reports relative to the greatest gain in
volume of business, ssnotably groceries.
shoes, dry goods, are noted at Memphis.
and good volume at Jacksonville
also, with the least favorable situation
announced at Galveston. Collections are
slower, due to cotton being withheld from
the market.
EXPORTS OF WHEAT.
Exports of wheat from the United States
and Canada. both coasts, show a sharp
spurt, following the declining movements
of a week ago, due largely to heavy clear
ings from Portland. Oregon. Last week the
grand total flour included as wheat)
amounting to 2.909,000 bushels, compared
with 1893, 900 the week before and 2.645,0O0
this week year ago.
Returns to Bradstreets of the gross and
net earnings of ninety-fve railroad COM
panies for Septem ber and 1875 companies for
nine months ending September 81, show in
comparison with the results of the same
periods of 1898, losses in September of "A
per cent in gross and 1878 per cent in net
earnings. For nine months the decrease in
gross is 1871 per cent, net III per cent.
The number of business failures in the
United States runs heavier this week. the
South reporting more, but with by far the
greater proportion of those failing being
those with only $5ODO or less capital. The
total number failing is $50, against 24l last
week, and $40 year ago.
Hydraulic Power for War Ships.