The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-10-25
THE WORLD OF COMMERCE
WEEKLY REVIEWS OF BRAD.
STREET AND DUN g. co,
Business Continues to Improve In Volume
In Moderate Degree, Though Prices
Rule Mountaineering Mod
erately Brisk-Finances.

NEW DIRK, oct. 2.-Brad5treet's
financial Review tomorrow will say:
With few exceptions the leading
features Of the business situation this
week have been those Of continued
moderate improvement, although the
volume of business 80 far, as indicated
by bank clearings throughout the
country, will require considerable ex-
pansion to compare favorably with
corresponding totals two years ago.
This relatively favorable bank clear
ing lie Offset in part by decline in
prices of staples, coffee alone scor.
ing a slight advance. At Louis
Vile tobacco is easier I'M
der promise of large crop
and hides are lower in price at some
of the more important markets, while
leather is quoted lower at Western
cities. Competition of Northern lum'
Der manufacturers have forced down
prices at Chicago, and all except best
grades of live cattle at Omaha and
Kansas City have sold for less than a
week ago, while wheat and Indian
corn have also shown declines.
The production OF iron and OF besse-
mer steel continues as heavy as here
tOfOre and quotations have osen tur~
ther shaded. Dard is lower lie price
and the prospect for cessation OF tex.
tile labor difficulties at the East has
weakened the print cloth market. AS
serious as any other decrease
il that in cotton, the feature OF
trade South this week boing a
check to purchases by interior mer-
chan TOR spring delivery and slow
mercantile collections, Que to lower
prices for cotton.
Exports of wheat. flour included,
for the United States and Canada this
week amount to 3,l92,0OO bushels
against 1917 1000 bushels last week,
2,079, 600 bushels in the third week OF
October year ago, 100000 bushels
two years ago and 3 10000 bushels IN
the week three years ago.
The strength of foreign exchange
and gold engagements for the week
aggregating $1,000, 900 have disturbed
the speculative stock market and
checked activity. Current decreases
in railroad earnings is ascribed to the
effect of the heavy worlds fair pas.
senger traffic q year ago. A small
reduction 10 the Baltimore and
Ohio dividend is not considered
Indicative OF trunk line traffic
conditions at this time. Bonds are
strong and any demand for prime Sc
curities causes an advance. The 1or
eign exchange market is narrow Doll
as to supply and demand. sign
sterling is 81 81 IL. :.
Nearly all the more important Dusl'
ness centers West and Northwest re
port moderate activity, but few o
Them announce any new features
Chicago advices are received OF In
creased mail orders, but fewer pur
chases in person with relativel heav.
demand for underwear, clothing ant
cloaks and smaller volume OF money
st. Louis merchants report In
creasing confidence of jobbers deal
ing there and expectation OF larger.
increased STOCKS of spring goou
throughout the territory tribu
tary. Kansas and Missouri boil
report that more seasoaoble weathe
has served to restrict the volume q
business within q few days, but al AM
near Omaha the weather has favored
general trade.
Conditions prevailing at Cleveland
Cincinnati, Louisville, Detroit, Mil
waukee aud ST. Paul in preceding
weeks are practically without change
At San Francisco and Portlsnd, Ore.
the volume OF business is fairly salts
factory and the demand for grain yes
sells is more active with an advance il
rates to the United Kingdom, In tn
southern countries generally trade
said to have shown some improve
ment. Memphis, Knoxville and Gal
weston, but at Savannah, Augusta an'
Nashville Increased cotton receipt
and lower figures have had an unfav
nrable influence. At Charleston
Birmin guam and Chattanooga bust
ness is quiet. at Toronto genera
trade has been less active but collec
lions have improved somewhat. M IN
treal reports that collections are fairl,
good, with prices stronger, but tn
volume of business ia not equal to on
year ago.