The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-10-12
THE BUSINESS OUTLOOK.
Bradstreet's Finds 1t Quite Eneour.
aging.
THE WEEKLY REVIEW OF MONEY
AND COMMERCE.

Improvements Are Especially Noticeable in
the South-Big Arrivals of Tea and Cof-
fee-The Bank Statements and Rail-
road Earnings.
New York, October 11.-Bradstreet's S
tomorrow will say: The cooler weather
has stimulated seasonable demand for
staple dry goods, millinery and clothing.
Jobbers il these lines in all parts of the
country feel the improvement. Relative
ly, the most gain has been made at the
south where Improvements are reported
in almost all lines. Interior merchants
are placing more liberal orders than for
several years, and the large distributing
centres report sales of Egoods to the cot
ton belt and collections therefrom excep-
tionally free. More unfavorable features
are found in the disappointment at the
moderation. with which wheat is export
ed from week to week, the reported weak
ness in pig iron and steel billets, and
in the competition suffered by domestic
woolen manufacturers from abroad
AN EXAMINATION
of these conditions If the reports of the
size of the wheat crop and wheat stocks
carried over be accepted, shows the average
weekly exports from this country If kept
up to the end of the crop year. will ex-
haust the amount of wheat available for
shipment abroad
The weakness of pig iron and steel bill
is in western Pennsylvania and eastern
Ohio seems speculative, because no large
contracts are taken on the further de-
cline n them of ST ton. 1t is added
that !, % manufacturers have orders Tor
months ahead Large contracts for Bes-
sinner, pig iron or steel billets could not
be placed at the figures nominally ruling.
which is corroboratod by the stiffness OF
quotations further west More encourag-
ing business features are found in the
continued advance in price OF cotton,
which in turn, put up prices OF several
varieties OF cotton. goods and IN prospect
for maintenance OF these rates, wh1ch
with freer movement of cotton at the
South, are having
A VERY FAVORABLE INFLUENCE
on business in that portion Of the coun-
ty. ST. Louis merchants wire that South
ern merchants are outdoing themselves
in the placing of orders Heavy wool
sales characterize the week at Boston.
aggregating 10000, 600 pounds, making
3d. 900, 900 pounds traded in within..the
past three weeks.
An export of 500, 900 pounds of wool to
Bradford last week was followed by one
Of III, 900 pounds to Liverpool. Foreign
woolen goods manufacturers have placed
considerable many orders here for spring
delivery, from 10 to 20 percent higher
prices than last season.
Among the conspicuous decreases in
prices this week may be grouped Indian
corn, live cattle, hogs, pork, and lard,
cedentedly large crop of corn this year.
A lower price for sole leather reflects
the competition with the leather combi-
nation. 1t had no influence on prices of
leather generally.
Coffee is lower on the report that Brazil
raised
THE LARGEST CROP OF COFFEE
in its history.
In addition to the practically un
changed prices for wool and lumber, there
are advances for cotton goods, cotton.
wheat, wheat flour, .oats. refined sugar,
anthracite coal and turpentlne. Through
out the west, the cooler weather has caused
a general improvement among the
jobbers in staples, which is the most
conspicuous at Chicago, ST. Louis and
Kansas City. Iowa farmers are not ship
ping produce freely, which tends to check
business somewhat at distributing
noints in that state. The heavy business
done by the ST. Paul, Minneapolis and
Duluth jobbers is not likely,to be rivalled
until he country stocks are broken. On
the Pacific coast the general bust ness
is moderately favorable with improve
ment particularly specified at Seattle
Cargoes of tea and silk from Hong
Kong and Yokohoma, aggregating TO-, 600
tons have arrived in Tacoma. California
reports the vintage there the best for
years.
EAT Portland the general trade is fair
with a demand for dry goods and furni-
tl1re most active.
THE BANK CLEARINGS STATE-
MENTS
this week in some respects are the most
favorable for four years The total for
six business days, ending October 10 is
8. 145. 900, 600; three-fourths of one per
cent more than last week, 90 per cent
more than the corresponding week in
1894, and 26 per cent larger than the Sec
ond week October in the panic year of