The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-09-21
FAVORABLE CONDITIONS.

and goods selling with less effort il
many instances
FAVORABLE CONDITIONS.
In support of favorable influencing con.
ditions are this weeks heavily increased
total bank clearings, the largest week s
aggregate of wheat exports within three
months, and the heaviest weeks ship
ments of Indian corn in seventeen
months the maintenance of full proper
tions of an extraordinary heavy dem and
for iron and steel, the significant harden
ing of the leading money markets, ac-
companied by reports of increasing
mercantile discounts.
The bank clearin gs from "a cities, tele-
graphed to Bradstreet's this week: have
Jumped above the million dollar marx,
being 81, OS2, 600, 600 This is gain OF II
per cent over last week and ~ per cent
more than the second week OF September,
1894, and nearly 38 per cent larger than
the like week after the panic in 1888.
Some of the heaviest increases in clear
ings this week compared with year ago
are those at Atlanta, 38 per cent; Mil
waukee, SO; New York, 80; New Orleans,
30; Boston; Cleveland and Plttsburg,
each "a; ST. Louis. 8; Chicago, per cent.
Prices tendencies this week are more
favorable from the point of view Of the
holder, and advances have been recorded
in wheat, corn and oats, and after pro,
longed reacticn, wheat, flour, raw and
refined sugar, coffee, brown and bleached
cotton goods, print cloths, in sole leather
and turpentine Quotations held steady
through the week for cotton, Woolen,
lumber, hogs and lard, decreases among
c4o nof,a6 fnT
cattle, sheep, pork and resin
A special inquiry by Bradstreet's into
prices for more than 100 staple products
show that in the second quarter OF the
current calendar year there were advances
in quotations for S., no change for Il
and lower prices reached by only 2o
Food products constitute a third OF the
entire list, half of which were lower July
than April 1 this year. There was
division, among chemicals aid building
materials, while many food products
almost all textiles, metals, chemicals,
leather, oils and several special articles,
showed sharp advances.
WHEAT EXPORTS.
Wheat expo rts by both coasts OF the
United States and Canada aggregate
2, 5SS, 900 bushels this week (fiour included
as wheat), a gain of third over last
week, in contrast with 3, 537, 600 yeal
ago, 4, 727, 900 two years ago and 8, I'll, OO(
the like week df 1892. Among the specia
trade features of the week are an in
creased demand for finished forms of iron
and steel, following check in the de-
mand for crude; increased activity
among the manufacturers of clothing
and cheaper grades of jewelry;, an en-
larged demand for dry goods, hardware,
clothing and shoes At the west, particu.
larly at Chicago and st Louis Ii should
be noted there is prospect that whiskey
production will be curtailed. The demand
for shoes among the manufacturers is
slower in starting up than was expected.
The season for light weight domestic
woolens has been only from third to a
half average, owing to the low prices
asked for European products. Agents are
asking 10 per cent advance on spring
samples of imported plain woolens and 2s
per cent advance for mohairs. Advices
from Des Moines are that trade is disap-
pointingly dull, collections poor, money
tight and farmers are holding crops.
From Omaha the reports are much more
favorable. Savannah, Jacksonville,
Birmingham and the south report visible
Improvement in general trade, also at
Atlanta and Chattanooga, locally. In the
Pacific coast Palouse wheat was hurt by
rain, but hops were not as much as was
expected. Flour is going to the orient
by the cargo, as is general merchandise
to Central America.
The failures throughout the United
States this week are 21S against 213 last
week, compared with 21S in the same
week year ago. In the second week OF
September, 1S93 there were 346 and the
year prior ia.