The Portland daily press., 1895-08-03
BRADSTREET'S REPORT,
ReViving Confidence in the West
and Northwest.
BANK CLEARINGS 80 PER CENT
HIGHER THAN FOR LAST YEAR.

Americans Bought Heavily at the London
Wool Sales-Coffee Took a Speculative
Squirt Last Week-The General Industrial
and Mercantile Outlook is Encouraging
New York, August 2.-Bradstreet' to-
morrow will say: The week presents
larger volume of trade in many lines and
at many points than in the week
a year ago. The rush of orders for steel
and iron leads in interest, displaying re-
markable strength. Western manufactur-
ers have been obliged to purchase Eastern
billets to meet orders. Less confidence is
placed in last weeks rumors OF serious
damage to the spring wheat crop in
Minnesota and the Dakotas.
Another conspicuous feature OF the
week is the evidence of reviving conf
dence in Western and Northwestern in
terror merchants, now that corn and
spring wheat crops promise well. This is
shown most plainly at Chicago, St.
Louis, Milwaukee and St. Paul, where
the order demand and sales to buyers in
person increase to striking extent.
At the South general trade remains OF
moderate volume as previously noted.
Nashville and Galveston alone report
material gains. There is a better outlook
and feeling at Charleston, but elsewhere
midsummer quiet prevail All mills
are busy at Augusta, and the delay in
paying the sugar bounty effects trade
very favorably. At the larger eastern
centres there are no.changes beyond better
demand in the leading staple lines at
Baltimore, New York, Boston, based on
interior, the demand for fall
delivery.
TRADE ON THE PACIFIC
coast is of moderate value, but fair for
season. Tacoma and Seattle are reporting
expansion of demand and Portland and
San Francisco no material change. The
course of prices still continues upward
for many leading articles, notably copper,
which had quite speculative advance in
Bottom. Quotations apparently are being
held firmly at 10 cents contrasted
with 1-2 cents early in the year. Pig
lead is higher. Two associations of manu-
products 50 ton. Wheat and flour are
quoted higher than a week ago and
cotton and sugar show fractional ad-
yances. Lumber and wool are reported
steady and firm. Petroleum is lower on
incr eased production at western markets
Hogs are lower.
At tide water prices for antracite Goa,
are admittedly demoralized.
BANK CLEARNGS.
for July are 81, 53s, 900, 600; about $156, 900,
600 more than in June, and more thar
any preceding month this year except
May. They are 80 per cent higher than
July of last year, and 10 per cent larger
than in 1898. Last months clearings
were the heaviest for July within twelve
years 4 except than in 1892. Sever
months clearings about 16 per cent larger
than in 1894, but Is per cent less than in
1898 and 16 per cent less than 1892 The
general industrial situation is somewhat
improved through the probable success OF
the striking New York tailors, the enc
of the strike of the Cleveland wine
drawers, and continued frequent ad
vances of wages the starting up of new
manufacturing enterprises and further in
crease in the demand for leading manu-
facturers staples, probably iron and stee
at Chicago Coke and pig iron manufac
textile lines all previous gains are re-
tanned. There is less speculative demand
for wool, and prices are steady. Sales tt
American buyers at recent London sales
Goo, 900 bales) being three or four times
the quantity usually taken. Dry goods
in only fair volume is more active, an6
salesmen are beginning to send in orders
for autumn delivery. The sales of fail
prints are moderate thus far, and prices
In ginghams tend upward Mems veal
in woolens in some instances are selling
at an advance.
EXPORTS OF WHEAT
(fiour included as wheat) from botl
coasts of the United States and from
Montreal, show moderate increase owe