Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-09-09
BETTER AND BETTER NEWS.

And now comes Bradstreet's Review
with the following glorious news: "Pre'
vious activity in all lines OF trade il
maintained. There is a better tone to
demand of jobbers, and the volume OF
business in wool, leather, clothing, hats
groceries and light hardware has in
creased. There is a better request fol
wooden and cotton goods, iewelry and
rubber goods, and for boots and shoes
Some Wholesale merchants at western
centers report the largest volume OF
August trade on record. There has been
an increased consumption Of cotton by
southern mills. Western IRON and steel
mills have orders to keep them busy uu
til January |.
"In the central western states the BIZ
luminous coal strike has had further
depressing effect on the general indus
trial situation. At the northwest some
commercial houses have had to work
overtime to meet the demand for goods,
and the warm weather is reported to have
practically assured the Indian corn crop.
On the Pacific coast exports have been
checked by inability to secure crews for
vessels. Mercantile collections have
greatly improved in some sections.
"Failures for the past week have been
1911 in the United States, against 1874 last
year."
And even the south, in spite of its free
trade fsllacies, receives $27,SSo,0oo more
for this years crop than for last.
Secretary Hester's New Orleans Cot
ton Exchange annual report was issued
in full today. Mr.. Hester puts the aver.
age commercial value of the crop at
b36 rs per bale, against $41 % last year,
and $50 in 1894-95, and the total value
1921 1926 900, against $294,045,000 last
year ard $297,O3sOOO the year before,
showing that the south obtained for this
years crop nearly $27,sSo,ooo more than
for that of last year, and 1924, 7S7 900 more
than was received for the 1901, 900 bales
crop of 1894 95. The past crop cost
growers less to raise than any yet pro-
duced.
'The total spindles in the south is s.
s51,991, an increase of 1898. The total
number of mills is 4S2, an increase Of
seven. This consumption is given:
Alabama, S4,57S, increase, 1878; Arkan-
sas, $4,000, decrease, 1891; Georgia, 1885,
ST., increase, 1898; Kentucky, 24,42l,
increase, 1926; Louisiana, 1878, increase,
1923; Mississippi, 1882, increase, 1858;
Missouri, 1852, increase, LIB; North
Carolina, 1928, increase, 26,85l; South
Carolina, 1927, 643, increase, 72,943; Ten
nessee, 3O,5SS, decrease, 1888; Texas, 49,
900, increase, 1921; Virginia, 29,1O7, in.
crease, 1928; total southern consumption,
1,042,671, net increase of 1890.
Aud here is the best news of all. Mr..
George M. Coffin, acting comptroller of
the currency, is confident of most pros
porous financial season for the United
States in the near future. He said to-
day:
"There is every evidence that the Unit
ed States ia accommodating vast amount
of capital Of it's Own, aud this goes to
show that sooner or later, If it is not al
ready so, this country will be financially
independent of Great Britain or any other
nation. ~.
"The current rale for demand loans in
New York TO-DAY is IA pei cent, against a
slightly higher rate in London, and it is
not Improbable that, under these oircum-
stances, New York bankers are loaning
money in London.