Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-10-27
A CHECK
In Business Was Noted the
Past Week,
Anticipations Not Realized Owing to
Several Reasons.
c'ose oi Fall Trade and Disposition 10 Do
Business iron Hand 10 xouh.
A CHECK

New YORK, Oct 2G.--Brads.reets to-
morrow will say Merchants interviewed in
various portions of the country report in
some instances the condition of business
not having realized anticipations, while at
other points the recent bright outlook for
trade is modified. Suoh advices are based
in part on the practical conclusion of fall
trade and delays in demand for holiday
eyods. Dealers in dry goods, clothing,
groceries, shoes and 4 few other lines hal
relatively more satisfactory volume
of business, although in many instances
fault is found with the totals shipped. Gen
eral trade continues checked throughout
some portions of the regions supplied by
Kansas City, ST. Louis, Omaha, Miqnespo-
| lis, ST. Paul, due TO unreasonable warm
weather. At the South low prices for cot
ton continue to affect business unfavorably,
and many larger merchants being more
cautious as TO granting credits TO interior
merchants.
Throughout large portion of the region
between Ohio and the Northwest int rior
jobbers will continue to carry small stocks
throughout the winter. Eastern dry goods
| iobbers report only low-cost goods moving
|
tlement of the Fall River strike is less
favorable. Domestic fleece is depressed
by freer offerings of Australian wool at
concessions. The outlook for war among
the coal roads is not so bright as late re-
ports indicate, it being unlikely that the
producing and carrying companies will
enter into active sntsgonism until the re
suits of the attempt to advance prices for
November with unrestricted mining are as
certained
| Boston merchants are supplying daily
needs only, shoe manufacturers alone re-
porting quite active movement. At Provi-
dence manufacturing jewelers. are still
active as are makers of other holiday goods.
Philadelphia textile operators do not regard
the near outlook very encouraging. Gen
eral trade is very quiet except with a few
at Buffalo. Pittsburg's adyices do not
show any material improvement. AT Balti-
more the season is ended with volume of
business greater than last year, prices very
low. Demand for staples is moderately
active in the West, at Cleveland, Gin
clnnati, Louisville, Kansas City,
Des Moines, Milwaukee, Minneapolis,
ST. Paul, Duluth and Portland, Oregon.
Dry goods and clothing remain relatively
active at Chicago, where, as at st. Louis
there has been no gain in the volume of
goods distributed within the week. Oma
has advices are that the sale of staples
this week, are less than for Ike period q
year ago.
Among the southern cities, Charleston.
| Chattanooga and Savannah say that trade
is less encouraging. Sales improved in
some lines at Atlanta. At New Orleans the
volume of sales improved slightly but low
price of cotton aud sharp revisons
of credit and hand to mouth
purchases are being specified as cases.
| Exports of wheat and -four as wheat from
| both coasts of the United States and Can
ada for the six business days ending Oct.
%, are equal to 3 3J3 600 bushels, COM
pared with 1927 600 in III, Ike week of
| October 1898. The reaCuOnsry tendency
of prices for staples continues prominent,
though Indian corn shows fractional sd
vances. Wheat is off l2 cent, oats rs
cent, pork 25 cents, lard Is cents, sugar
| IA cent. cotton Is cent, print cloth ! 4,
and iron and steel sold lower or as low as
the lowest domestic wOolS are weaker and
| The rush of low grade cattle and hogs to
market sent prices down from l0ll5 cents
Predictions of an early advance for bes-
semer pig and for steel biilets remains un-
realized, with the outlook indicating moth
| ing favorpg materially higher quotations,
until February. Total bank clyarings
throughout the Urited States for the six
| days ending Thursday, were S912 900 900
against $3.50 600 coo, last week, and com.
par, with S9l9 900 600 in the corresT ond-
ing week of October of last year, but when
compared with the total for the like week
of October, 1892, q decrease of S2jS coo,
| 600. Business failures throughout United
States, ills week, number 22l, against 329
the like week of 1898.
Reports to Bradstreets from lll7 na-
tonal, state and private banks of discount
at l22 cities in the United States show the
total depotits Sept. last were 81 935, ,000,-
| 900, an increase of about 500 900 0O0
since Sept. /, 1893, just after the panic,
gain Of only one-half of ! per cent.
since May !, 1894. Compared with May
! /, 1898, just before the panic, the increase
IN total deposits is only Sl55 900 900, or
about three-qusrters the probable average
increase on deposits within lie periods of
| Is months in preceding years, as indicated
| by returns from all national banks to the
comptroller of currency. Total loans
| Sept. l last aggregated Sl,S0S 600 600, sn
increase OF ST. 900 900 since May /, 1894,
aud slS7 600 since Sept. /, 1898, just after
the panic, contrasted with an increase
of $50 900, 900 in deposits since the panic
ended. More striking than this is the net
decrease in total loans Sept. !, 1894, Of
more than 2 per cent. compared with May
|, 1898, just prior TO the panic. Reports