St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-15
IL
The GAIN GOES ON.
Business Outlook Is BecOm-
ing Exceptionally Bright
in the East.
AN IMPROVED DEMAND.
Approach Of Cold Weather
Having a Stimulating
Effect on Trade.
CONFIDENCE IS INCREASING,
AS Shown by Bradstreet's
Trade and Financial
Reviews.

New YORK. Sept. 14.-Bradstreet's
tomorrow will say: All the features OF
improvement in general trade reported
week ago retained, and from number
of The more important business centers
still further gains are reported. Com
mercial travellers from Baltimore are
making their second trip to the South,
and regard the business prospects as
exceptionally bright.
At various Northwestern ccnterS
colder weather has stimulated the sales
in dry goods, clothing and shoes.
Wooden dress goods are not sold as act
lively as in previous weeks, jobbers not
carrying supplies beyond what the
public are likely 10 take before
Jan. /. Encouragement is gained
from improved demand for money
at Savannah, Augusta and New Or
leans. due to increasing receipts of
cotton and demands for advances on the
crop. At Chicago money is also more
active, and some bankers have with
drawn from the agreement to pay only
IL per cent OH balances of country
banks and will pay 2 per cent. The
Southern pig iron market may be
gagged by sales at Nashville, thus far
this month equal to total sales during
August. Inquiries are received from
the North for heavy blocks of pig iron.
Demand for pig iron is also marked at
Chicago, but has decreased at Pittsburg
and ST. Louis. Bank clearings for six
business days ending with Sept. Is
1890
more than in the week before, and
nearly per cent more than in the
second week OF September, 1893, though
% per cent smaller than in the CORE
spending week OF 1892.
From this it will be observed the
fortnightS clearanceS corroborates
Bradstreet's previously published re-
ports of the Improvement in the state
of trade during that period. The
check in purchases OF wool after heavy
buying tends to weaken prices. and
cotton is reacted Lice after its marked
advance. Pig iron is 25c ton lower.
and hardware and dry goods jobbers at
Western centers report increased sales,
due TO lower quotations. Live stock at
Kansas City and Omaha have weakened
on heavy receipts of conmoner grades,
all OF which comprise the chief de-
crease in prices of staples. They are
offset by
Firmer Markets
and advances for leather. petroleum
and sugar, for print cloths due to de-
creasing stocks, aud cotton goods owing
to the strike of operatives. Wheat is
up &c, corn l4c, oats 11Sc, pork &c,
lard Is C and coffee &c.
Gross earnings for August, covering
returns of 152 roads, having milage of
100000 of main line, aggregate S42. 46l,-
600 againt S42.0S0,3 S6 in August, 1898, a
gain of nine-tenths of l per cent. This
compares with decrease of ~ per cent
In July, from July, 1898, and is the first
Increase shown in any month this year
over the month of last year.
The showing of the various groups of
railroads presents all irregular distribu-
ton OF increases, the most favorable
which increased 10 per cent over Au-
gust last year. The Pacific lines report
a gain of 2.3 per cent and the South
western roads an increase of 1.2 per
cent over August, 1895.
Exports of wheat, both coasts of the
United States and Canada, for six bust.
ness days, ending with Sept. 13 tl0ul
included as Whea), continue fairly well
maintained. the total equaling 2,7S9,00(
bu. contraSted with g. 01, 200 last week,
5,357. 900 in the second week of Septem.
Der last year, 1854. 900 in the week two
years ago. and with 6,974, 900 in the week
three years ago. There are 223 business
failures reported throughout the United
States this week, against POI last week,
800 In the week a year ago, 143 in the
week the year before that, and 236 In
the week of 1891.
Montreal reports all improvement in
business. with an increased number OF
orders, though of smaller totals. The
outlook in the province of Quebec is for
better movement than previously an.