Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-09-01
A SMALL GAIN
Was Noticed in Business Centers
During the Past Week,
Though Not What was Anticipated and Prom
Used by Tariff hgitatofs.

ceived, favorable influences are shown to
have been at work, resulting in still fur
Their Improvement in the business situation
since the settlement of the tariff question.
New Eogland wooden mills are now report
ing orders for heavy woolens. Prints and
dress wooIers are selling freely and there
has been and is an increased demand for
funds at larger Eastern centers, not only
for the withdrawal of goods from bond, but
to meet increased offerings Of commercial
papers. Thus far funds to move crops
have not gone West as freely as was anti
cipated.
The exception to the improvement
in the demand in staple lines is in the
Eastern and Middle states. All the West
ern centers covered, except Cincinnati,
Cleveland, Detroit and Omaha report dis
tinct gains in the volume Of business,
this week. Relatively favorable conditions
of trade in the region tributary to the three
larger MINES sofa cities during August, was
based Oh better wheat crop than was pre-
dicted and the practical depletion Of the
country storekeeper's stocks. At the South,
Atlanta and Birmingham alone do not re-
port larger volume of purchases. II is
noteworthy that the financial condition Of
Texas merchants is said to be better than
for years. One of the most interesting
trade features consequent on the new tariff
is reported from Galveston, that an export
order to the West Indies of 10000 barrel,
OF -four was cancelled by reason of the
Spanish retaliatory duty. Galveston's ban
mana trade expects to be hurt owing to a
lack Of return carg3es for fruit steamers.
The total bank clearings this week was
S744 900 600, or per cent. less than last
week, IA per cent. more than the last week
of Augpst, 1893, and nearly 23 per cent. less
than the corresponding week of 1892
The week year ago presented the smallest
weekly aggregate RECORDED during not DOLLY
the panic and depression Of 1893 "a, bu,
since the Clearing House records have beer
kept, and a year after the bank clearing'
were Mt low water mark, the total was but
twelfth larger. Aucust's estimated total
clearings were So 800 200 900, almost ex,
actly what they were ID July, and As pei
cent. larger than August, 1893, but 22.4
smaller than ii August, 1892.
Prices of staple goods this week were
quite circular, Indian corn, lard refined
sugar, whiskey, leather and hogs showiog
advances, and wheat, oats and cotton re-
cording decreases. No change is noted in
Only 1872 business failures in United
States were reported this week, against 25l
last week, 2G9 in the week of year ago,
and 1873 two years ago.
Exports Of wheat (hour included IS
whea) from both coasts of the United States
and Canada, were 3, APO GOO bushels agains
3,l62 900 last week, and compared with o.
500 900 in the last week of August, 1898,
- ~ = ~
and $40, 600 in 1890.
At Boston fair fail business is doing in
dry goods, with frmness characterizin2
cotton fabrics prices, owing to the New Bed
ford and Fan River strikes. The free wool
clause of the new tariff resulted in heavy
Withdrawals Of the staple and renewed
activity among the manufacturers. The
next most conspicuous Withdrawals from
bond are dry goods, crockery, glassware
At Philadelphia, as at New York, sugar
is advancing on the speculative demand,
and il il declared that the grocers will carry
heavier stocks. Tobacco manufacturers at
both cities are buster on the improved de-
mand since the settlement OF the tariff ques-
ton. AT Pittsburg Improvement 10 demand is
noted chiefly in dry goods and groceries,
with an outlook for further gains, although
collections are unsatisfactory. The out
look for iron and steel is not for an early
advance in prices, but due to the increasing
output. Glass manufacturers say that
lower wages are necessitated by the new
tarif.
General trade at Baltimore was quite en-.
couraging, owing to the somewhat unex
pectedly large number of buyers in al
lines from the South and West, whose pur
rhases resulted in quite an improvement
over last week. Buffalo experienced a
better feeling in all merchandise lines
though actual gains are reported in only s
few. Collections there. as at Pittsburg, are
said to be quite unsatisfactory.
At Cleveland the previous gains in bust
ness situstion are retained, notably a firm
ness in Lake freights and in the demand
for money. Cincinnati manufacturer!
qaote only moderate demand for grocer
les and dry goods. louisville felt the slim
illus more, and is reporting healthful gsiJ
this week, notably inleaf tobacco. Detroit:
interior trade was less active than it would
have been except for the drouth. Chicago
reports gains 10 demand in all lines, partic
ulsrly dry goods, clothing, shoes, and iror
and steel.
ST. Lonis reports that the volume of bus
mess continues to increase. Texas buy
ers are exerting notew orthy influence this
week. Jobhcrs in hardware, shoes, hats
clothing, millinery, dry goods, all felt the
gain. The surprisingly favorable news is
received that Kansas City merchants not
outstanding the effects Of the droughts, have
heen having larger trade and making bet
ter collections.
At Omshs no material change is noted
except that country merchants are being
obliged to buy nearer home ard helps Oma'
ha jo5bers. A larger volume of business
in staples was transacted at Milwaukee. A,
st. Paul and Minneapolis the improved
business Of August continued, and at Du.
luth heavy wheat arrivals and tirmer lake
freights still further Increased the volume
of general trade and frightened the outlook
Portland. Oregon, kept New York exchange
at par, with heavy Eastern shipments OF
salmon, and expects a ful Their stimulus to
trade soon in heavy re eipts of wheat
Activity charscterizes trade at San Fran
cisco in all lines; grain vessels are in de-
mand, wheat and bags lower and freights
higher.
Maine Postal Changes.
U,Sur~rrnN. Auu 81 Tho follnwip q