The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-11-03
BRADSTREET'S REPORT.
General Trade Continues on COnSer-
q vatiVe Lines.
REMARKABLE INCREASE IN SHIP
MENTS OF WHEAT.
October Bank CIearings Reflect an En-
larged Fall Trade-New York City
Clearings Being an Exception asa
Failures We're Reported this Week.

larged Fall Trade-New York City
Clearings Being an Exception asa
Failures We're Reported this Week.
New York, November 2-Bradstreets will
say tomorrow: General trade continues on
conservative lines, there being little tar
reaching improvement in business circles
compared with week ago, aside from the
settlement of the strike.at Fall River, one
of the eff ects of which is expected to be a
steadying of the prices of cotton fabrics and
an inducement to cloth printers 10 order for
future delivery. Some encouragement is
drawn from the firmer market for cheaper
grades of shoes, for drugs at leading
oenters. and for hogs at western markets
due to the decline in receipts and ior fruits
on the arrival OF colder weather. Encour-
agement is drawn from the advances on
wheat OF l-2 cents, oats l-3 cents, lard 1-l0
cents and coffee IA cent. Whether the re-
action In these quotations is to be of some
permanence remains to be seen.
Another favorable report is that to Brad.
streets concerning October bank olearings.
which reflects enlarged fall trade in total
larger than for any month since June, 1898.
Ihe aggregate reported to Bradstreets for
October this year is S4,228, ,2S7, $50, and in
crease over September of 1894 of q per
cent, and over October of last year of more
than 6.5 per cent. Cities very generally
report Increases over year ago. only about
seventh shoHipg decreases.
New York city clearings fail to show as
large proportionate increase as the other
cities, and is the only one in the Eastern
and Middle States to show decrease from
October of year ago. For ten months of
this year the decrease in clearing compared
with 1893 is 1876 per cent and compared
with 1892. the falling off is q per cent. Not
withstanding the better demand for lower
grades of shoes at New England markets,
among which seven cities shipped 100000
cases this week, against $4,000 the cores
ponding weak year ago, the quotations
for leather are weakened. AT Chicago ex-
cess1ve competition from the north results
in the further cuts in lumber prices. Sugar
is three-eights lower, bessemere pig iron
and steel billets is and rs cents lower. re-
spect1vely notwithstanding the recent firm
ness of the former at Pittsburg. Cotton has
gone off a sixteenth of cent, and this re-
suits In. the reduction in a number of orders
sent from the interior Joints to southern
centres, "a closer scrutiny of credits
throughout the South. and restriction on
the volume of trade there.
Whether the reduction in the price of
cattle is due primarily to the German pro-
hihition of importations from this country
remains to be seen.
The exports of wheat and flour as wheat,
from both coasts of the United States
amount to 1890, 900 bushels, against 2 SCI, ,00o
the corresponding week a year ago. The
total stocks of available wheat in the
United States and Canada and those afioat
for Europe from all soucres, and held in
Europe, November l, were the largest on re-
cord. ITS, ,6Ss,0JO bushels. $4,000 more than
year before. 1t is much heavier when COM
pared with the corresponding dates of
previous years. The rapidity of shipments
of domestic wheat to market are indicated
by net gain of f4,379. 600 bushels within
four months. The heaviest like increase,
except in 1892, it being three times larger
than July to October 81. 1898. European
stocks and those afoat for Europe have
been in the habit of increasing more than
3,0DC,00O bushels during October in the pre-
ceding years but last month fell off 232 600
bushels net, which bul1ish factor has more
than offset the extraordinarily heavy in
crease on this side.
The total number of failures in the United
States this week are 253 against 1858 a year