The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-12-01
New England Enjoying UnWonted
Prosperity.
SOUTH AND WEST REPORT SLIGHT
IMPROVEMENT.
Holiday Goods Are in Demand, and Dry
Goods Are Active-Bank Clearings Are
Sharply Checked. the Total Being
FL Per Cent Less Than Last Week
The List of Failures Is Heavy.

The List of Failures Is Heavy.
New York. November 5o.-Bradstreets TO-
morrow will say: There is no general or
radical improvement in business at the
south, the Southwest or the Northwest.
In the ntral Western States, particularly
Some important cities in the old Middle and
NewsEngl land States, the reverse is true,
and material gain in the demand for
many seasonable staples has shown itself,
with a eorrespo nding increase in the
volumes of goods distributed or orders for
future delivery. This is independent of the
stimulus to trade in certain lines due the
approaching holidays, and in spite of the
check to the volume of general business
within a week caused by Thanksgiving holi-
day. sharp revival in prices is shown by
the quotations for some grades of lumber
and more particularly for cotton. wheat.
oats and lard: the improving prices OF the
first two. of which having had an influence
for good. Decrease in the prices of steel
rails and bars, cattle. hogs, Indian corn and
naval stores are reported and quotations
for structural iron, rice, whiskey, tobacco.
pork, coffee and sugar are steady. 1t should
be explained rails are now held at S22, the
lowest price on record, and steel billets and
pig iron respectively are so and 1.5O below
English quotation. AS at Chicago pig iron
dealers are trying to force an advance. and
at St, Louis that market is without life and
the price is low. Cotton is weaker since
the cut made by a New York house. and The
decline in London and Melbourne wool
markets is to get on parity with American
markets.
NEW ENGLAND WoOLEN MILLS.
New England wooden mills generally are
well supplied with spring orders. and at
Philadelphia some worsteds spinners Lad to
refu Sc orders for Immediate delivery. and
textile manufactur ers report good orders
for delivery after Januarys1. The eastern
manufacturing jewelry trade is smaller than
in October, and wholesale dry goods busi-
ness is much larger in November than Octo-
oer There is better feeling among textile
manufacturers. Boston and Baltimore re-
port trade in staples quiet, and of hand
to mouth variety, while at Providence
there is a greater activity in almost all
| lines. AS at Philadelphia in textiles,
morocco leather and drugs. and at Buffalo
| in all the more important jobbing and retail
| lines, At Pittsburg as well, the chief corn-
| plaint being a contjsuance of very low
prices.
At the South, augusta and Jaoksony lille
alone announce Improvement. Mercantile
collections are generally fair for the season.
except in some heavier cotton growing
regions, being especially classed as unsatis-
| factory at Savannah, Birmingham, Calves
| ton, with moderate activity in groceries at
| Nashville. Galveston says trade is dull and
| unsatisfactory, and Charleston, Chatta-
nooga, Memphis and Atlanta are quieter
without feature. FromQ Cincinnati, Louis
vile, Detr oit and Chioago moderately en-
couraeing reports as 10 the volume of trade
are received, and similar advices are sent
| out from St. Louis. Only moderate business
at Kansas City and Omaha, and country
merchants tributary to these cities are
manifesting a disposition to buy more
sparingly. Milwaukee jobbers rather
| more active, and early in the week the like
was true at Minneapolis, Portland Oregon
| and San Francisco.
| EXPORTS OF WHEAT.
| The stimulating influence of purely
| statistical nature is the decrease of zoos, ,0(0
| bushels of wheat in the quantity a float for
| and in store in Europe last week, nearly
| over-c oming the increase of 2.12S,O bushels
| of wheat availa BILE in the United States and
| Canada last week. Exports of wheat tf1ouT
as wheat) from both coasts, amount to
2. .667, 600 bushels this week against 2.440,000
this week year ago. Dates presented by
| Bradstreets point to the United States
| having exported about 65.O00,0O0 bushels OF
| wheat (four included) since June 80. and
having 81, 5,O00, 600 bushels available for export
during the next seven month, notwith-
standing the alleged excessive home demand
this year.
Rank clearings throughout the United
| States this week are sharply checked, the
total being only sO4, 900, 81 per cent
less than last week and nearly 2 per cent
more than the last week of November. 1888
Contrasted with the like week of 1892, the
week's decline is Al per cent. There were
3O7 failures in the United States this week
against 298 year ago.