The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-09-15
The Favorable Conditions Of Last
Week Continue.
HEAVY SALES OF WOOL ARE RE
PORTED FROM BOSTON.


for August Show the First Increase of
the Year-Bank CIearings also in Ad-
vance of Year Ago,
New York, September 14.-Bradstreet's
tomorrow will say: All the features of
improvement in general trade reported
week ago are retained. From num-
ber of more important business centres
still further gains are reported. and COM
mercial travellers from Baltimore are
making second trip to the So nth and
regard business prospects as exception
ally bright. Transactions in wool at
Boston are very heavy, one sale amount
ing to 100000 pounds. Several new,
and to American manufacturers, hith-
erto unfamiliar varieties of foreign wool
are being purchased with view to ex-
perimenting at various northwestern CEN
tres Colderfweather has..stimulated sales
in dryggoods, clothing and shoes. Wool
en- dress goods are not sold actively as in
the previous week, jobbers not carrying
supplies beyond what the public are
likely to take before January 1.
Encourag ement is gained from an i'm
proved demand for money at Savannah
Augusta and New Orleans, due to in
creasing receipts of cotton and demands
for advances. on the crop. At sChicago'
money is also more active, and some
bankers have withdrawn from the
agreement to pay only / 1-2 per cent
on the balances in country banks, and
will pay per cent.
The southern pig iron market may be
gauged by sales at Nashville thus far
this month, equal to the total sales dur
ing August. Inquiries are received from
the north for heavy blocks of pig IRON
The demand for pig iron is marked at
Chicago, but decreased at Pittsburg and
St. Louis.
Boston reports quite an Improvement
in general staple lines, due to heavy
reduction in the country store stocks in
preceding months. At Philadel phia
the is better demand for cotton,
yarns, petroleum, shoes and drugs. At
Baltimore orders have increased from
the mining districts.
REPORTS FROM THE SOUTH.
A dozen or more important distribut-
ing cen tres in the Southern States re.
ported favorable conditions as prevailing
there for several weeks, including bet
ter feeling among the jobbers and other
dealers, and improving collections at "a
mum ber of points, with a brighter out
loook for distribution in the near future.
These features are specially character
ized At Charleston. Atlanta, Jackson
vile, Savannah, Birmingham, Memphis,
New Orleans. Chattanooga states that
general trade is not quite as good as a
week ago, and Galveston reports The fall
ing off in the movement OF dry goods,
- Lr ;-+r. -
keeps up well. Trade continues to in
crease at Nashville, more particularly
groceries and hardware. At Cincinnati,
better prices and a larger volume of
trade is reported among the jobbers in
few.lines. AT Detroit business is only
fair, and collections unsatisfactory. For
est fires have interfred with business at
Duluth and interior. Buyers at Omaha
continue to purchase sparlngly. There
is an increase in business at Milwaukee
and St. Paul, particularly in drygoods,
due, to the state fair.
At Kansas City trade is of healthful
proportions and the outlook favorable.
Exceptionally good reports are received
from louisville. Chicago and st. Louis,
tory sales in dry goods, the volume being
larger than year ago. There is large
demand from tobacco manufacturers.
Chicago dry goods jobbers report con-
tinued heavy sales, and in other lines
the volume, has increased as well, the
l.exception being to Nebraska merchants.
Business in.groceries, millinery and hard
ware at st. Louis increases, the sales of
the last named being equal to those at
like periods two years ago and in ex-
cess OF those of "a year ago. Business is
quite active at San Francisco, the
receipts of Alaska salmon being heavy
Interest IN grain exports is. increasing, and
ships loa ding with grain at Portland,
Oregon. started a freer movement in ali
lines, which helps general trade.
BANK CLEARINGS.
The bank clearings sfor six business
days ended September 18th, aggregate
s53. 900, 900, seven per cent more than a
week before, and nearly s per cent more
than the second week Of Septem ber 1893,
though per cent smaller than the
corresponding week in 1892.
The check in purchases of wool alter