Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-03-17
THE TRADE REVIEW.
The Commercial Agencies Report a
Slightly Better Feeling.
Small Gains in Some Sections for Which We
are Thankful.

NEW 1ORk, Msrcn lO.--h. n. Dun q
Co.'S Weekly Review OF Trade says: Fail
ures for the first week of March were few.
Liabilities thus far reported are 81 1925 1893,
of which $8l6, ,284 was manufacturing and
81 ,l6l,270 trading concerns. Owing to
large deferred statements, received too late
for use, last week, the aggregate liabilities
for February are raised to $l7 S95, ,67O.
The number of failures tbs week were 264
in the United States, against 100 last year
The absence of important tmbarrassmenta
il still most encouraging.
Bradstreets tomorrow will say: The
usual proloDgation of mild spfiDg-like
weather during the early portion Of March
has greatly stimulated the consumptive de-
mand in almost all staple lines. Corrobora-
ton of this is found in the almost unani-
nous reports of increased sales from six Of
the larger distributing points in New Eug-
land and Middle states, where general trade
heretofore was reported barely steady.
More sales in general lines are reported
from Boston, with special activity in lum.
Der and building materials. Providence
manufacturers of cotton yarns report an i'm
prove ms mt in the demand, and woolen mills
in northern Rhode Island are starting up on
heavy weight cloths.
Philadelphia merchants report an improv.
Jog outlook for dealings with the West and
South, and gains in sales of shoes. The
increased distribution of woolens have been
at sacrifice in price, and there, as at
Pittsburg, Chicago and other iron centres,
competition has further reduced prices for
shaped as well as raw iron and steel.
After relatively unfavorable reports from
Baltimore in several prece ding weeks, a
marked change in the feeling among the
jobbers there hss taken place, following the
large volume of sales of notions. dry goods
and millinery. Many Southern buyers
have been visiting Baltimore.
|. Cbicsgo reports continuance of last
weeks very favorable statement regarding
trade. This week has been the best thus
far in the season, with many buyers in the
city. Some dry goods houses are working
nights to keep up with their orders. Dealers
in clothing, millinery and shoes report a
heavier demand. and an improvement in
the request for light hardware as well.
Similar advices are received from St.
Louis jobbers in dry goods, millinery, hats
shoes and textiles. At Kansas City, although
the sales of paints, oils and building ma
terials are quite active, the total is 25 per
cent. smaller than year ago.
The most striking evidence of improve
ment in the South is from Augusta, Ga,
where all the mills are running on full lime,
and the demand for cotton goods has in
creased. The improved crop prospects in
Texas, tributary to Dallas, with increased
immigration, has stimulated sales, COM
pared with February, and prices of real
estate. The stimulated demand for whole
sale dry goods results in the oversale of
Ripghams and prices are IA higher, although
it has taken concessions on some cotton
to remove them.
The see-saw weekly movement in bank
clearance, was illustrated after weeks gain
wife total of $3.50 100000, per cent.
less than last week, 80 per cent. less than
the week year ago.
Prices of leading staples at close this
week and last indicates similar irregular
ity wheat being lower; pork and lard each
25 'less; cotton off l-S; Iadian corn ad-
vanced, 3-4: oats, IA coffee, 8 cent, with
price of sugar unchaI ged in Eastern mar
kets.
January gross earnings of many impor-
tant railway systems indicate decrease
compared with January of last year of 1872
per cent, and show a falling off in net
earnings for January of this year. COM
pared with last year, of only per cent.
If to the government report of ia ,000,-
600 bushels of wheat in the farmers hands,
March l, be added the III 900 900 bushels
IF wheat out of the fa'msrs' hands, the re-
aulting 23l ,OC0, 900 bushels will supply food
and seed for four months to come, and a
reserve on July next of 40 1000 900 bush
els, if required, and 10000 600 bushels a
month for export, more than will be de-
manded. Exports of wheat, fl ,ur included,
from both the coasts of the United States
and Canada, thi, week. equal 3,25s, 900
bushels, against 2,sS6,OOO in the week q
year ago.
Two hundred and thirty.one failures are
reported throughout the United States this
week, compared with 22l year ago.