Daily Kennebec journal., 1895-11-09
UPS AND DOWNS
Of Business as Shown by
Bradstreets Trade Bulletin.
The Recent Elections Had Usua! De-
pressing Influence on Markets.
arge Increase in Bank Ciearings Good
Christmas Trade Is Expected.

New York, Nov. S.-Bradstreet' to-
morrow Will say: The interruption to
general trade throughout the country, in
cldent to election, is emphasized by the
unusually mild weather, which checks
the demand for clothing. heavy weight
textiles and other seasonable goods Job
bers at most of the larger distributing
centres report orders now largely of fill
ing in character. Except for iron, steel
and cotton, the larger portion Of advances
in prices of commodities reported since
March last has largely disappeared.
The earlier anticipations of continuous
advance in prices and demand. this year
the outgrowth of activity of two and three
months ago, met with disappointment
There is little reason for reaction in the
sentiment OF many who discuss business
conditions. Every wave of increased de-
mand since the tide began to rise in
March has resulted in net gain. The
sentiment OF traders, generally, Is that
the outlook promises an active spring
trade, and the holiday season will prove
satisfactory
The prices of staples have reacted.
Leather, bessemcr pig iron, steel billets,
wheat, wheat flour, Indian corn oats.
cotton and refined sugar are quoted
lower. Print cloths, almost alone, are
higher, although in special instances mt
Western markets there is an upward ten
dency to prices of bar iron, hogs and
shoes. The prices for lumber, coal, naval
stores, rice and coffee are unchanged
There is prospect that Western tanneriC S
will shut down, which points to higher
prices for leather and which may weaken
hides. The lower quotations for besscmer
pig iron and billets represent falling off
in orders for future delivery although
mills and furnaces continue actively en-
ployed,
Tho leading cereals are lower because
of excessive supplies for some larger
quantities of others than expected. Lower
prices for law cotton have no effect on
cotton goods, as the latter had not ad-
vanccd proportionately. The feature of
the business week among larger eastern
cities Is the improved demand for textiles
with increased strength in iron at Pitts,
burg after the recent reaction. At cities
in the Central Western states, moderate
volume of business is reported with
out material change, complaints
being most numc-ous from Gin
cinnati. Fair business is reported from
Chicago in shoes and rubbeIs, owing to
the weather conditions. The wholesale
trade there, during October, was the
heaviest for years.
A good demand for money is reported
from cattle feeders and corn cutters.
Country banks are carrying very small
balance. At Chicago they are borrowing
very freely. st. Louis reports a larger
volume of trade, while at Kansas City the
opposite is true, owing to the consequences
of prolonged dry weather. last month
Similar adviccs are received from Omaha
At Milwaukee, Minneapolis and st. Paul
the general trade Is quiet, in part owing
to the mild weather. Grain continues to
move freely to Duluth and Lake traffic
continues active. At the South unseason-
ably warm weather is complained of. In
some instances there are reports of de-
creased demand for staples; on the whole,
the prospect favors active spring trade
Mercantile collections are improved, in a
number of instances long standing ac-
counts being paid.
Prom the Pacific coast, Portland re-
ports general trade comparatively quiet
with dried fruits shipments checked by
lower prices At San Francisco, the
quotation in almost all lines is lower, with
the exception of those for grapes Wheat
receipts are increasing at Tacoma. At
Seattle heavy shipments of merchandise
are made to Alaska as well as exports of
coal and lumber. November /, domestic
and Canadian available supplies of wheat
J,,,- LoI,
year ago, and only s, GOO, 600 bushels less
than two years ago. Available wheat
stocks here, In Canada and afloat for
Europe, on the 1st, gained $4,000, 900
bushels, against an increase of less than
H. 900, 600 in the worlds S visible supply
last year, and Is, 600, 600 in the year be
fore
: The total exports of wheat from both
coasts of the United States, this week,
Hour included as wheat, is ., 566 600
bushels, against ., $50, 900 in the week, a
year ago. Bank clearings throughout the
United States, this week, aggregate 81, 1,121,
300, 600. gain of 3. 5 per cent. over last
week, Is per cent compared with the first
week of November, 1894. and 20 per cent.
IN contrast with the total for the like week
IN 1898 and decrease of less than ) per
cent. from the like total in 1892 when the
volume Of business was very heavy. 1t is |
10 such exhibits as this, with greatly in
creased railway earnings heaviest iron
md steel production on record, widespread
advances in wages, and prices for cotton |
md cotton goods promising prosperity |
Turing the coming season, that those |
should look who felt only disappointment |
in the falling away of demand since |
September. The increased bank clearings |
iotal, this week, compared with last, when |
\ decrease was recorded for several weeks, |
s noteworthy, particularly in the face of
smaller bank clearings totals, this week |
md last, from Boston, Baltimore and |
Omaha.
The most conspicuous increases are at |
New York, % per cent; Philadelphia, 80 |
per cent. Buffalo, 26 per cent. /; Chicago,
I2 per cent St. Louis,2 81 per cent. Pitts
burg, 10 per cent: Minneapolis, 81 per
,ent; Providence, % per cent. The fail
Tres throughout the United States, this
week, aggregate 260, against 24l, the week
,ne year ago.
r. g. Dun & Co. 5 weekly trade report |
'ays that the failures for the week were