Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-10-13
ENCOURAGING
Are the Business Features Re-
ported by Bradstreets,
Especially in the Direction Of H.
creased Distribution.
S aush.er in Sugar. Pork and Steel silIets-
Cotton and Print Cloths Cheaper.

New YORK, Oct. 2-Bradstreets to-
morrow will say: Accentualion of favor
able features is revealed in the telegr sphed
reports TO Brsdstreets this week While
the advices as to the most marked improve
ment come from the West and South, some
encouraging features are reported from the
East, and the net result of this weeks bus
mess has been further progress IN the
direction of enlarged distribution.
In New England, although the demand is
classed only as moderate and conservative
trade is dong, the industrial situation i'm
proves owirg TO the ending Of the great cot
ton mill SIR ke. Print cloths are wesker,
as a result of the settlement. Australian
competion has wesked the raw
wool prices. THE iron production al
present is very large, and this compares
with the values of the raw and manufac-
tured product quite noticesbly. Cooler
weather improved the distribution in season
able lines at a number of Western and
Northwestern points. At Chicago business
in staple lines is large, though a slsckenipg
from previous weeks is noted. Weakness
in iron and steel prices is causing concern
at st. Louis. Tin plates are active and
orders are being placed abroad for black
plates, owing to the shutdown of Ameri-
can works. Export trade is active ut San
Francisco, and number of prominent
Southern points report increased activity
Cotton receipts are large, and the price
tends downward.
The first arrivals of the new crop of su-
gar at New Orleans sold at the lowest price
paid for many years. Southern lumbermen
anticipate h gler prices. Ia New England
increasing business is reported in coal, and
orders for spring mer's wear goods are re-
ported in good nuu bers. Religious holi-
lays curtailed diStributiye trade in many
lines at New York. Local demand for dry
goods improved at Philadelphia. Season
lble goods are in better demand at Buffalo.
This is true also of Pitsburg where the iron
trade is reported active at weak or lower
prices owing to the present large
production. The presence Of out of town
iobbers at Baltimore has stimulated bust
ness in dry goods boots and shoes. Retail
trade has been helped by cooler weather.
At Chicago several large orders for pig iron
were placed at former prices, but the de-
mand is generally for small lots. Bar iron
$ easier on increased readiness of mills to
realze. Business was rather quieter at St.
Louis ard Kansas City as result of the
ending of the fall festivities. Talk of con
erted action to raise iron and steel prices
Is heard.
Trade in lumbeTmens supplies is stimu-
4ted at Duluth. Better business ia being
lone on the Pacific coast. The cattle mar
ket is active on smaller r, ctipts at Omaha,
but quieter and lower at Kansas City. Dis
.ribution decreased at Charleston Savan-
nah, Atlanta, jacksonville, Memphis, New
Orleans and Galveston, where the cotton
receipts are very heavy. Naval stores are
more active at Savannah. Rather more
business is Doing in money at Memphis.
The notable price changes of the week
nave been the decline of I-Sc. in cotton and
-aw sugar, 25l5Oc. on pork, and SOC. a ton
n steel billets The cereals were not
materially changed in the week.
Heavy cutting of prices of refined sugar
reported throughout the West, owing to
he efforts Of grocers to dispose of large
stocks carried in anticipation of tariff
hanges. Bank clearnGs in 70 cities for
Geek ending Thursday. aggregate $927,
42S. .S77, a decrease from last week of )
per cent, ard an increase of 3 per cent
,ver last year, and 2l.7 per cent. smaller
than this week two years ago. Exports of
wheat, including -four as wheat, from both
coasts of the United States and Canada
for the six business days ending
Thursday aggregate 3 3l704S bushels, IS
compared with 2 ,SG2 600 the second week
f October last year. Gross earnings OF
l2S railroads, representing "a 600 miles of
road, show total for September of $3S,-
O33 0OO, a decrease of per cent. from
September a year ago. For nine months of
the present calendar year the decrease of
all lines reported is about IL per cent. The
total number of failures in the United
States this week is 23s, agsiE st 40G the
week a year ego.