Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-09-15
ABOUT THE SAME.
No Alarming Increase in Trade
Yet Reported.
The South Seems to Get Whatever
Benefit Yet Received.
Northern Sections Are Awaiting What Nay
Come in the Future.

New YORK, Sept. l4.-Bradstreets,
tomorrow, will say: All the features of
Improvement in general trade reported a
week ago are retained, and from the number
of more important business centres still
further gains are reported. Commercial
travellers from Baltimore are making q Sec
ond trip to the South, and regard the bust
ness prospects as exceptionally bright.
Transactions in wool at Boston are very
heavy, one sale amounting to l 200 00U
pounds. Several new, and to American
manufacturers, hitherto unfamiliar vari-
cites of foreign wool are being purchased
with view to experimenting.
At various Northwestern centers colder
weather has stimulated sales in dry goods,
clothing and shoes. Wooden dress goods
have not sold as actively as in previous
week, jobbers not carrying supplies beyond
what the public is likly to take before Jan.
/. Encouragement is gained from the i'm
proved demand for money at Savannah,
Augusta, and New Orleans, due to incress
receipts of cotton and demands for advances
on the crop.
At Chicago money is also more active,
some bankers having Withdrawn from the
agreement to pay only l2 per nt.though
on balances country banks will pay per
cent. The Southern pig iron market may
be gagged by sales at Nashville, thus far
month, equal to the total sales during
August. Inquiries are received from
the North for heavy blocks of pig iron. The
demand for pig iron is marked at Chicago
and decreased at Pittsburg and ST. Louis
Boston reports quite an improvement in
general staple lines, due to the heavy reduc'
ton in country store stocks in the preceding
months. At Philadelphia there is better
demand for cotton yarns, petroleum, shoes
and drugs. At Baltimore orders have
increased from the mining districts.
dozen of the more important distributing
centers in the Southern states report favor
able conditions prevailing there for several
weeks, including better feeling among
jobbers and other dealers, improving col
lectons at number of points, and
brighter outlook for distribution in the near
future. These features specially character
ize Charleston, Atlanta, Jacksonville,
Savannah, Birmingham, Memphis and New
Orleans. Chattanooga states general trade
not quite as good as week ago. Calves
ton reports falling off in movement of
dry goods, although the distribution of
groceries keeps up we'll. Trade continues
to increase at Nafhville, more particularly
groceries ana hardware.
At Cincinnati better prices and larger
volume of trade is reported among jobbers
IN few lines. At Detroit business is only
fair and collections are unsatisfactory. The
forest fires have interfered with business at
Duluth and interior buyers at Omaha con-
tinue to purchase sparingy. There is an
increase in business ct Milwaukee and St.
Paul, particularly in dry goods, due to the
M foir City no tra1a 10 of
healthful proportions and the outlook is
favorable. Exceptionally good reports are
received from Louisville, Chicago and st.
Louis, the first named announcing very
satisfactory sales in dry goods, the volume
being larger than year ago, and large
demand from tobacco manufacturers.
Chicago dry goods jobbers report contin
ued heavy sales, and IN other lines the vol
ume has increased as well, the exception
being to Nebraska merchants. Business in
groceries, millinery and hardware at St.
Louis increases, the sales last named being
equal to those at like periods two years ago
and in excess of those year ago. Bust
ness is quite active at San Francisco,
receipts of Alaska salmon being heavy, and
interest in grain exports increasing.
Ships loading with grain at Portland, Ore
gon, have started freer movement in all
lines, which helps general trade.
Bank cearings for the six business days
ended September 10, aggregate 1858, G00,-
600, per cent. more than the week be-
fore, and nearly 8 per cent. more than the
second week in September, 1898, though 30
per cent smaller than the corresponding
week of 1892.
The check in purchases of wool after the
heavy buying tends TO weaken prices, and
cotton has reacted Lilo cents after the
marked advance. Pig iron is % cents a
ton lower. and hardware and dry goods job
bers at Western centres report increased
sales, due to lower quotations.
Live stock at Kansas City and Omaha
have weakened on heavy receipts of COM
moner grades. These decreases are offset
by the firmer markets and advances for
leather, petroleum, sugar and print cloths
are due TO cecreasiug stocks and cotton
goods owing to the strike of operatives.
Wheat is up l-4c, corn l Sac, oats
! l-Sc, pork Lee, lard l-3c, coffee lac.
Gross railroad earning of August, cover
ing returns of 1872 roads, having mileage
of 100 600 main line, aggregate Si2 ,46l,0 900
against $40, ESQ $50 in August, 1898, gain
of nine-tenths of | per cent. This COM
pared with the decrease of II per cent. in
July from July, 1898, is the first increase
shown in any month this year over like
month of last year.
Exports of wheat, both coasts of the
United States and Canada, six business
days ending Sept. Is, (hour included as
whea) equal ., 1s9, 900 bushels, contrasted
with 8, 357 900 in the second week of Sep
TENDER of last year.
Two hundred and twenty three business
failures are reported throughout the United
States, this week, against 800 in the week a
year ago.