Daily Kennebec journal., 1894-05-05
Trade Is DULL.


New YoRK. May 4-Bradstfeett, tomor.
row, will say: The movement OF general
merchandise throughout the country 1.
smaller in volume. Spring trade has finished
and orders for fall delivery are, win few
exceptions, not me citing. the expectations.
Jobbefs in leading ha at. almost AL the
I,rrer cities, report sales, almost without
ex .ept:on, of hand TO mouth description.
The extension of be cuai and coke strikes.
accompanied by riots at Cleveland and
Mesabs, have emphssiz d that depression
The strik-s Of the iron ore maers snd
among the building Trades, wi, b the e1ten-
sion of the coal miners strike, and the
almost total cessation of operations
in the coke r ginns, has sweiled the total
number of iil: industrial workers Is fully
2l5 900. Shutdown, of lndustr' al coucernt
dependent on the coke or soft coal for fuel
are incres sing, notwithstanding the sttempt
of the coal operatives and operators to grt
together to arrange basis of settlemei 7.
April bank cleariugs (S3 ,697 s45, ,42o) J
show a smaller decrease compared with las,
wear, only 25 per cent, than for some
months. This is due to the reduced vol
ume of trade and clearings totals In April,
1893. The cleaiings this week aggrt gate
S955 ,547 900, or II per cent. more than the
preceding week, and 81 per cent. less tnah
the like week a year ago. ...s .p.
Prices of move m mt tips the scales witt
In iian corn, oats, cotton, coffee ana renpeo
sugar all lower, ard wool, some varieties VI
wooden and cotton g,ods heavy, with
m. rked tendency of quotations to weaken
Wheat scored the fifth or sixth lowest price
on record during the crop year, 60 IA cents
a. New York.
Offset,ing the foregoing are the un'
chan sed prices for pork and lard, trmer
unchanged price for rice, raw sugar, one
eighth c-nt higher, anthracite coal firmer,
oil un inous coal higher, scarcer, bar and
manufactured iron firner, steel bitlets and
bessemer pig iron 81 higher. ....,
A relatively favorable industrial report
comes from Detroit, where fewer are un'
employed. In New England the shoe fac
tories are running on short time. At St
Louis four months shipments are In exces.
of last year. Transactions in wool has
slackened and the prices of some grader
are weaker. Cotton goods stocks are ac.
cumulating with the manufacturers and
prices are weaker.
Fevor able report is received from the
Providence worsted Industries, wnere the
demand is improved, whether due to specia
cause or exc ptionally low stocks, and has
resulted in renewal of conf ience among
the manufacturers. More amin alton in de-
mand for lumber and leather at Philadel.
phia, increased prices for Bessemer pig
iron and steel billets at Pittsburg AMI other
points, due, in part, to the scarcity of fuel
an has not resulted in more orders.
Throughout the South trade remained
very uniformly quiet, the exceptions beins
at Charleston, Augusta and New Orleans
The strength of rice is the feature. Stocks
of wheat here and in Canada atioat for ant
in Europe during April, fell away 5.261 ,OO(
bushels, smaller April decrease Except
| in 1S91) than in six years.
Should these stocks fall away during May
and June as rapidly as the several preced
ing years, American afloat and European
supplies, July l, will nearly, if not quiet
equal the heavy stocks available July
1898. Exports of wheat, on both coasts
amount to 2,773 900 .tbushels compared
with 2,776 600 in the week year ago.
| There were l79 failures in the Unit {
States this week, against 24S in the lik,
week year ago. The falling off in fail
ures is chiefly IN the Northwest and New
England.