Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-06-30
AUGUSTA. NAME SATURDAY MORNING. JUNE 80 1884,
DEMOCRATIC PROSPERITY
Shown in the Evils Menacing Our
Business Institutions,
Which 0utnumber. Two to One, All Favorable
Indications to bs Found.

New YORK, June 29.-Bradstreets to
morrow will say While there is no actual
improvement in business throughout the
country, there are more favorable prospects
and better feeling among the merchants
with an increased number of instances
where trade has been stimulated. The
ending of the great bituminous coal strike
was followed by the strike of the railw ay
employees, which threatens disastrous effect
on business by reason of interference with
distribution andftravel.
Other unfavonble features include the
conference of the Rhode Island cotton mill
| owners as to the advisability of shutting
down, owing to the accumulation of stocks ;
the heavy arrivals of wool at Eastern mar
kets, where stocks were already large de-
lay in settling the coke strike, which pre-
vents many industrial establishments from
starting up; the extremely restricted vol
ume of business among Wholesale dealers
in clothing at Baltimore, 43 per cent. Of
what it was in the first half of last year
delayed orders from country merchants in
Georgia and South Carolina, where crop
damage is threatened; and sharp restric-
ton in the volume of general trade at Chi
| cago, where the railway strike centres.
At New Orleans trade in all lines is
smaller. At Nashville and Birmingham,
Ala, it is dull, without sign of early i'm
proyement, which is true at Portland
Oregon.
Important among the favorable features
are rains throughout the South Atlantic,
Gulf, South, Central AMI Northw estern
states, where crop damage was feared with
resulting gains to small grains, cotton, fruit
and vegetables. New England wooden mills
at work on dress goods and mems wear re.
port moderate revival in orders, shoe ship
ments from Eastern factories hold up well,
Boston banks report an increased demand
for loans and Providence jewellers have fair
orders for autumn delivery. The demand
has increased for paints, oils and glass at
Pittsburg, iron at Philadelphia, St. Louis
and Chicago, and at the latter points the
market is firmer.
Tne most favorable report came from
St. Louis, where the volume of business.
after a marked increase within week, is
reported normal. Kansas City jobbers an
nounce the receipt of fall orders in staple
lines, Milwaukee bankers report the demand
for loans increasing, and jobbers at the
tHIcC ldI SCJ 0lluucSOtd CItleS TtDUTt Tile lIll-
proved feeling among country merchants in
that state and North Dakota, reflected in
the orders recently received. There is
improved trade@at Memphis, Jacksonville
and Charleston, due primarily to the effect
of rain on crops.
Atlanta announces q volume of trodo fo,
.June about eonal tn lime of last voor and
country merchants ordering for fntnrs M da
livery There is more aet;v;t,, in no..,,.
all lines of business ot' Anaust. With ny
demand for cottons beav;sr Cnrt;nnnS n
imnrovemant ia renortod fror, Coi,,an,a,
whore collect;ons sre eas;er ''oN'
There has heen q doc;dod aro, - .ho
total bank clear;nvs within tho ,roah al 'nE III
along the line the total ho;no on,,, s@ct
600 900 or 10 nor cent iess thon i.st xoal'
and 90 nor cont less th.n tbe ,~oon las. .en'
soo Ernorts of wheat Aorr ;no,,Jod
from botl coasts canal ~ noo hnslaIa
AGAINST 971 OOo in tho last weeL os Inn"
1904 'A '"ne'
Tho total number of octro, hr.;no.,
fa;lures in the -7n;tad states fo- ,ho ,es.
s;I months (fa;,nres in which ossots ro PaSs poss
than the liabilities1 we've G59s mora .han