The daily morning journal and courier., 1895-10-19
CONDITION OF BUSINESS
LESS PUSH IN THE GENERAL Cozf- MERCIAL MOVEMENT THIS WEEK.

MERC1AL MOVEMENT THIS WEEK. There Are, of Course, Noteworthy Exccp-
 tions-FavOrable Reports From the South
 Collections Are Improving--The Trade
 Conditions in the West Are Favorable
 Hold Your Wheat Ssntina ent is sprea dine
 in the Northwest.
 New York, Oct. 1S.-Bradstreets says: There is less push to the general com- mercial movement this week as indi- cated by reports from eastern jobbers. There are, of course, noteworthy excep- tlons, Baltimore merchants finding rela- lively most satisfactory trade. This is largely due to the remarkably fayora- ble conditions at the south. In general the volume of business appears slightly smaller this week, but with a wide- spread although somewhat irregular de- mand. The manufacturing industries show no material change except that central western and western cities shoe manufacturers announce better de- mand than at the east. The falling off in demand for Bessemer pig iron and steel billets may or may not be due to consumers refusing to further discount their future requirements. Nominal de- clines in these metals have yet to meet the test of any considerable order get ting into the market. Woolen manufac4 turers find no more encouragement than | heretofore, but manufacturers of cot- tons, bolstered by the high and advanc- ing price, find demand and quotations for their specialties satisfactory. Favorable trade reports from the south continue to specify continued in~ creases of wholesale and retail demand. with cotton moving freely. Collections are improving and merchants anticipat- | ing indebtedness in some instances. | Throughout the west there are fovora- ble trade conditions, except north of Missouri and Kansas. where there is no change from the previous moderate volume, or where recent weather condi- tions have checked trading. All lake ports report an active demand for ton- mage and firm rates. Kansas City an- ! nounces an active week in commercial circles, as do Chicago and St. Louis. | At the northwest ''hold your wheats sentiment is spreading, but thus fan does not appear to have much effect. Seattle reports more fall wheat sowrl than last year and Tacoma that export trade with the Orient and with the United Kingdom continues active At Portland there seems to be relatively less activity, and at San Francisco the only real improvement is in dry goods.
 fruits and vegetables being plentiful and low in price.
 Among higher prices for staples are
 those for cotton and cotton goods, which reflect immense speculation and good actual demand, growing out of belief in
 a short crop. Reports that New Or leans houses have tried to corner Octo-
 Der delivery are said to be confirmed by strong support from that market. Wheat
 closes higher on a better demand and
 continued dry weather, although spring | wheat receipts are very large. Winter wheat brands of flour are scarce and
 higher. Corn is firm on restricted re- ceipts, and oats. coffee and coal are al- so higher, the latter on continued push- | ing toward paying rates. Lower prices for steel billets indicate the subsidence of the furore in the iron and steel trade, | but Bessemer pig is unchanged. Hides are lower, as is also refined sugar, on de-
 creasing demand for and weaker tona of raws. Lard is slightly off, and pork is weaker, but unchanged on free offer- ings at the west.
 Bank clearings aggregate $1, 158, ,000, ,000 this week, 8 gain over last week of ! per cent, over the week year ago of
 22 per cent, and over '93 of 24 per cent. Compared with the week in '92 the de- lcrease is IS per cent. The gain this week at New York over year ago is 27.9 per cent, while outside the metro- Ipolis the increase is 15 per cent. The
 gain at Boston was IS per cent.
 The exports of wheat were 24,oss,ood bushels.
 The number of business failures throughout the United States this week. is 2S9 as against 253 in the like week
 a year ago. At the west failures prac- tically doubled this week as compared with last.
 Canadian bank clearings, five cities Ireporting, aggregate $21.O18,000, a de- crease of 6 per cent. from last week, but a gain oyer last year of 5.9 per cent. Trade at Toronto is only fairly actives
 but confidence is general there. Trade at Montreal has not exceeded that of last year, and in some lines has been
 smaller.