The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-10-05
The Weekly Review Of Trade and
Finances.
TRADE CONDITIONS AT THE WEST
AND SOUTH IMPROVING.
Collections Best for Long Time at the
South-239 Failures for the Week
Cotton Goods Going Higher.

Cotton Goods Going Higher.
New York, October 4.-Bradstreets'
tomorrow will say: The seasonable
weather has stimulated the sales of mer-
ohandise and increased the prospects OF
favorable fall trade generally. Among
the less favorable features are the mod
crate demand in staple lines on the Pa-
cifo coast, and the reaction in the vol
ume of business at Baltimore, and the
check to the advance in prices OF iron
and steel with reaction Of about 81 a
ton at Ohio Valley and Pennsylvania
centres. Prices for iron and steel at West
ern ce.tres continue firm. Dealers are
said to be sold eight months ahead. Mer-
collections are very generally i'm
gia and Texas, merchants and farmers
being conspicuous for liquidating indebt-
ednesses and anticipating payment of
commercial paper.
The September bank clearings reflect
spread of favorable trade conditions,
and more especially where trade has been
backward. The total clearings at 81
cities for September aggregate 81, 1872, S55.
55S, a gain over August of about six
tenths of one per cent: over September,
1894, of 1874 per cent over September, 1893,
(panic year), a6 per cent.
COMPARED WITH 1892
it is decrease of IS per cent. The gains
are heaviest in the Eastern and Middle
States and larger In the Western, South
western and Northwestern States than in
August. Among 70 cities, comparing
with September last year, only quarter
show decreases. Compared with Septem-
ber, 1898, only seven cities show losses.
The heaviest gain shown by any large
cities, over September Of last year, is
Cleveland, "a per cent; New York, Bos-
ton, other cities show heavy gains Total
clearings of rs cities for nine mi n hs ag-
gregate $58, 1852, 410, 255, gain over last
York, gain Of almost 10 per cent. OF
these 80 cities IL show decreases compared
with the nine months total of year
ago. The bank clearings this week ag-
gregate 81, 1856 600, 900, gain of about IA
per cent over last week. as over the
corresponding week of last year. The
gain over the week in 1898 is 26 per
cent.
PRICE MOVEMENTS THIS WEEK
present as marked contrasts as III the
preceding weeks. A further advance
in cotton has pushed up prices for cotton
goods, notably print cloths. Coffee and
sugar are higher and rosin tends up
wards. Another advance for antha1cite
coal is coupled with the announcement
of fractional increases for copper, tin and
lead. On the other hand, wheat, corn
and oats have all gone off again. Heavy
receipts Of live hogs fur ther depressed
pork and lard.
Chicago sales of dry goods and cloth
ing show larger than last week. 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 a large freight en-
gagement for December and January
to load grain.
TRADE CONDITIONS SOUTH
are improving, with free movement of
cotton and high prices of that staple.
With some exceptions the leading South
ern points are improving trade and ad-
Yanoing prices for dry goods, hardware,
tea and shoes. On the Pacific coast Ia
coma reports the September shipments Of
lumber the heaviest on record. Seattle
announces it will export. /, 900, 900 bush
els of wheat this season. Portland says
that salmon are running light owing to
the low water in the river, and moder-
ate volume. of trade, due to mild weather.
At San Francisco business generally
remains without change
Exports of wheat flour sincluded as