The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-07-21

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| United States Bank Clearances
Show the Effect of Industrial Troubles.
Now York, July 2O.-Bradstreets tomorrow
will say The disappearance of the great
railway strike, the revival of regular freig ht
| schedule, the customary movement of
produce and merchandise by water and rail
has done much to restore something like the
preceding balance of trade. The most en-
| couraging statement is merely that general
| business is only approaching the usual mid
summer proportions. The return to work
| of the potters at Trenton and Wheeling, en-
ployes at Pullman, the tube makers at
| McKeesport, Pa, the further return of the
coke operatives in the Connellsville region
and the coal miners In the Western and
Southern States. the return of nearly all
the recently striking railway employees will
furnish more Industrial employment within
fortnight than any previous date since
| April 1st.
The large Eastern business centers report
the feeling among jobbers and other whole
sale houses favorable to a revival in trade
as soon as the tariff legislation is definitely
settled. Dealers in the West, Northwest
and Southwest at the larger distributing
are running with very small stocks. They
continue to buy only for actual wants in
sight. No general revival in Industrial lines
is reported or expected soon. Shoe factories
are running on low priced goods at less than
full capacity. which exercises an influence,
on leather. Wooden mills are still run
ming on fall fabrics, but will delay in ex-
hibiting spring samples until next month.
Stocks of brown and bleached cottons are
accumulating, -but is actively noticeable
only among retailers and jobbers of cotton
goods. An improved demand for wool with
in the week is the result of the low
prices.
The same reports of dullness and no new
feature, and no prospect of an early i'm
provement come from Boston, Providence,
Philadelphia, Baltimore, Pittsburg and
Buffalo. The exceptions are, that BaIti-
more reports slight improvement, in
Southern orders for light fabrics; Pittsburg,
that iron and steel are selling fifty cents
cheaper for future delivery than that;
Buffalo, that the price OF coal is downward
The Southern cities which have felt the
effects of the railway strike report that the
shipments now making regularly, and
that crop prospects are generally favorable.
The feeling in jobbing circles is one of i'm
provement. Atlanta advises full trade
opening and satisfactorily. and manufao-
turers are busy; Chattanooga, that the de-
mand is improved; Augusta, that while the
demand is more active. the crop outlook is
less favorable. The fruit trade at New
Orleans is greatly improved since the rail-
road traffic is resumed. and there is more
demand for building materials. Galveston
jobbers report more orders in all lines, par
ticularly in dry goods and notions. Among
the Western cities where general trade re-
mains quiet without material change lex
cept that dueto resumption of railway traffic.
are Cleveland, Milwaukee, Minneapolis, ST.
Paul, Duluth, Cincinnati and Louisville.
They report some gain in the volume of
trade, and Kansas City jobbers find orders
for fall delivery fairly numerous. At
Omaha. country merchants are ordering
more fre ely. The total volume of trade In
Chicago is relatively light, groceries being
most active. The prices of leather are de-
moralized, and some building projects are
temporarily abandoned, owing to labor dis
turbances. Relatively the most favorable
report comes from st. Louis, where general
trade is said, to be much improved. At
Portland, Oregon, the general trade is i'm
proved, and there is a marked recovery at
San Francisco, although the balance is still
below normal.
- The exports of wheat flour included) from
both coasts of the United States and
Canada. aggregate this week only 1,6S7,0O
bushels, compared with LOTTO the third
week in July, 1898. The average current
estimates. as to the size of:the wheat yield
of the United States. should enable us, II
called upon, to export fully as much wheat
in the, next twelve months as in the past
year.
The effects of the recent widespread dis
turbances in transportation and industrial
circles, are now making themselves felt in
bank clearings returns. The aggregate this
week being only $500, 900. 900, a drop as COM
pared with the preceding week of about
three per cent, compared with the third
week in July. 1898, of l6 pr cent
There are 212 business failures reported in
the United States this week, against '527 for
the corresponding week of year ago,
when the effects of the financial panic were
making themselves severely felt.