Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-05-12
BUSINESS OUTLOOK.
Hsihias Al Al. fayelab,e Found ia These
cleric .. moc,a ic Tim s."

N,w York, May ll.-Br ,d.fseet, r.
morrow will say + e p,esoneed warn
sea her has .tinsuisi,h fafm Aark as vel
- seles IN HE vafi..Gs = as.,nths- leies
1.ercila. i Sc, rene ed the tar ance tslhts
and leads TO prvl ng the u a". ~
hich TIE m. rchan.s will c.Itidue e. puy
for actual nes d only.
Bank 81 ruings is week amou II to
S203 00J, 600, a decrease of 8 g Per cent
from tine week b fore watch sh wei
i cres.tl and decrease of 81 cent
c mp fed ~ith the ec.nj week In May o,
EST yer, VII. n he tot. clear ,,gs we't
.insng toe largest On Rec RI.
The great Gu Il IN ,ners str!s- has extend {
n the tar Wri smith pJr ion. Of Mar,
| and and Virgin $, dis b * f'llo~ed b,
III incresse In the pumber vi indus'ri
shu,-do. Ms due To the incret si'g scaIci i.
of fuel. Not far from 10000 men ar.
reported idle in the COL Trade alone, ant.
il h those lie or on s'ilSe in other lines,
the tot out OF work is not less than
225 600
III scarrity of Bsssemer pig has caused
4 sharp advance, a ID lists, "a well, ar
higher. The Ihcf,as,d demand basel OF
The PROSPECTIVE sc4rcit, is du TIA lack O.
fuel. Western producers REPORT tirMnss
in soft steel and mills suppl, d with ord
for 8. veral months. Shapes and plates ar
firmer, but foundry ireRf ia .nst4htes ar.
weaker.
The potent intl aet1ce fav ring higher quo
tAtions for pig iron in ins,aac 5 is weaker.
The potent influence fsvoring h e er qrota-
tions for pig iron, based on tue cs Il am.
coke strike i, the Reelection In the output.
Within six wrecks, of about one-thieI and
the pros pect for al extension of r. stricted
production. -.L
The signif amt evidence of the condi 10,
u general trade is found in the report o
the gross rsilw,y ca -linEs during April,
" hich shows heavier decrease from tn,
total in the like month of Lac
Var than any preceding month sine,
January l. or 143 per cert. TIL,
increased railEav earnings of last month
compared with April, ls3a was few and
tr,fiing. The total oss, earnings in Apri
II is year by lis companies was $50, 900 900
against S34 100000 last year. In -four
olonths in 1894 the gross earnings wer.
$l23 coo 900, a decrease from the CORES
ponding t.tAl of last year of ID per cent
The Pacific railroad comp ,nles show tn
aesvi, st decreases and the trunk lines til,
smallest.
Even the unexpected bullish crop report
by the agricultural d psrtmeut filled to
stimulate heat prices in the face Of tn,
excessive Argentine aud Russian shioments
incr, ased supplies in and float for Europe
aud the h Aavy stotks In the United States.
Exports of wheat on both coasts of the
United Stat, and Canada this wee k. were
2.Sl5,7G bushels. compared with 2,7l2,O0O
in the second week of May the lat year.
A>i !e from the firmness and advancing
tend 'pcy in the var Gus grad, uf iron and
steel, hiehef r-ices are reported for navel
stores at SAY. nnah. cattle 1T Omaha, and
"e.ffee and sugar Otfs.t ing these are de-
creases i'll OF weakness of Quotations fol
foundry irons, cotton goods, stocks in L ,st-
ern mills, come grades of woolens at Phila-
ielpiia, leaf tobacco at Louisville, leather,
lard, wheat, corn and oats. There is no
material change Ill the prices for cotton VI
pork. '- .s s.'-'... ',-,s. .
Ann ny the larger Eastern cities those
which do not report m d. rate OF ch ing d
volume of trade, report less favorable
features. Prov dence annuunces orders
for worsted has fallen away sharply and
me OUTLOOK Is less encOur tSln{. In ID ,Strfh
markets the demand for wool is quiet, sales
small, and broken stocks tend to steady the
quotations. Only moderate volume oil
business in dry goods is reported merchants
p lrchasing only for actual needs. The
c,tton mills have surplus stocks which
threaten prices, and reduction Of the cost
of production is probable. One hundred
and ninety eight failures were reported in
the United States this Week against 2l9
year ago.