Daily Kennebec journal., 1895-10-05
BEIlER OUTLOOK.
Bradstreets Report Most Fav-
orable Business for Weeks.
Heaviest Wool Sales in Boston Mar
ket, This Week, on Record.
Large Bank CIeaTinss Business Improves in
the Wes. and South.

generally Increased prospects of favorable
iaii trade. Among the less favorable fea-
lures are the moderate demand in staple
i1nes On the Pacific coast, the reaction in
the volume OF business at Baltimore. the
check to the advance in prices of iron and
steel. with the reaction of about 81 n ton
at the Ohio valley and Pennsylvania cen.
tres. The prices for iron and steel at The
western centres are firm, and the dealers
are salu TO be sold eight months ahead
Mercantile collections are very generally
improved, more particularly IN the South.
Georgia and Texas merchants and farmers
being conspicuous for liquidating their in.
debtcdness and anticipating payment of
commercial paper.
The September bank clearings reflect
the spread of favorable trade conditions,
more especially where trade has been back.
ward. The total clearings at 81 centres
for September, aggregate 4,132, $50, b5S.
a gain over August of about six -tenths of
per cent, over September, 1894, of IS. 4
per cent, over September, 1898, (the panic
year,, of 26 per cent, and compared with
1892, decrease of IS per cent.
The gains are heaviest in the Eastern
and Middle states, and larger in the West
ern, Southwestern and Northwestern states
than in August. Among 20 cities compar-
ing with september of last year, only a
quarter show decreases
Compared with September of 1898, only
seven cities show losses The heaviest
gains shown by any large city over Septem-
Der OF last year Is Cleveland, "a per cent.
New York, Boston and other cities show
heavy gains.
The total olearings of 75 cities for nine
months aggregate s8S, 1862, 40, 253, gain
over last year of 1914 per cent, and out
side Of New York, a gain OF almost 10 per
cent. OF these so cities, 12 show decreases
compared with the nine months total of
year ago
The bank ciearings, this week. aggre-
gate 81, 1856, 000 900, a gain of about IA
per cent. over last week, as well as over
the week of last year. The gain over the
week in 1893 is 26 per cent
The price movements, this week present
as marked contrasts as in the preceding
weeks. The further advancement in cot
ton has pushed up prices for cotton goods,
notably print cloths. Coffee and sugar
are higher, and rosin tends upwards
Another advance for anthracite coal is
coupled with the announcement of frac
tional increases for copper, tin and lead
On the other hand, wheat, corn and oats
have all gone off again, and heavy receipts
Of live hogs have further depressed pork
and lard
Turpentlne is lower, as are petroleum,
steel bars and bessemer pig iron. Wheat
flour remained unchanged, as have leather
and shoes although the latter are expected
to go higher
The general dry goods trade has i'm
proved with the more seasonable weather
the larger Eastern jobbers reporting a
material increase in the demand The
nnfavorable spot is in mems wear woolens,
the spring sale for which is unsatisfactory,
owing to foreign competition.
Wool remains active, being strong on
heavy demand abroad and firm London
market. The sales of wool at Boston. this
week. are the heaviest on record amount
ing to $4,000, 600 pounds, with 500, 900
pounds of Montana sold to go to Bradford,
england.
The Chicago sales of dry goods, cloth.
ing and shoes is larger than last week,
and at St Louis the September volume of
trade is the heaviest since 1892
Minneapolis, Kansas City, St. Paul and
Duluth are conspicuous for activity In
trade circles New Orleans reports large
freight engagements for December and
January to load grain.
Trade conditions in the South are improv-
ing with the free movement of cotton and
high price of that staple. With some ex-
ceptions the leading Southern points re-
it11nroyp,r do nd. Il "A, :, al
for dry goods, hardware, tea and shoes
On the Pacific coast, Tacoma reports
that September's shipments of lumber are
The heaviest on record; Seattle announces
that it will export 1000, 900 bushels of
wheat this season. Portland that the
salmon are running light, owing to low
water In the river. The moderate volume
Vt trade Is due to mild weather, at San
francisco business has generally remained
without change.
Exports of wheat flour included a.
pheaO from both coasts of the United
States and Canada were ., 613 90 bushels.
A year ago, the total was 3, 3,243, 900.
The available supplies of wheat, United
States and Canada, has increased net only
1, $50, 600 bushels within three months,
against four, five and six times as heavy
increases in the preceding years The
total available supplies here, in Canada,
Europe and afloat for Europe, has actually
'leclined little more than 1000. GOO
bushels since July Land in the six preced-
ing years they increased from 10, 900. 900
to %, 600, 900 bushels in the like periods !
Two hundred and thirty nine failures
are reported throughout the United States, |
this week, against 2l5 in the week of q |
year ago.
!. In letter TO the editor of Bradstreets |
1.-THE National Finances. y
Worthington c. Ford. chief of the bureau
of statistics, treasury department, states
the reason why, In his opinion, there will |
be no deficit In the national revenues dur |
inz the fiscal year ending June 80. 1896. |
His estimate of the revenues for the cur !
rent year is $3.50, 900, 900 from customs. |
ss5 900. 900 from taxes on distilled spirits, |
l60, 600, 900 from tobacco and fsrmeuted |
liquors, and S16,000,0 900 from other |
sources. total of 1851. 600. 900. which. it |
Is declared, will be sufficient to cover the |
normal expenditures of the government. +" !