Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-07-27
A STEADY GAIN
Reported by Bradstreets in All the
General Business Lines.
Features Are Crop Prospects and Demand Tor
Iron and Steel.

New VOTE, July SO.-DrdusVAooo'' w
morrow, will say The most striking fea-
tures of the business week were the IN
fueaces of the improved crop prospects
and the continued large demands for iron
and steel, with one of the largest makers
in the market as buyer Of bessemer pig.
Most of the commercial and industrial
features of the preceding week were re-
tanned
The volume of trade has not varied ma
terially, and in instances is larger than at
the corresponding period of last year.
! Trade in almost all lines is fairly active
for the season, and the general tendency OF
mercantile collections is toward greater
egse Commercial travellers are being sent
ont in all leading lines, and reports from
those now on the road appear to meet the
expectations
Total bank clearings in the United
States, this week, were 1927, 200, 900,
decrease of about 10 per cent. from the
week before, and an increase of fully ~
per cent compared with the last week OF
| July, 1894. Contrasted with the CORE
spending total in 1898, this weeks gain is
| Der cent, and compared with the last
week in July, 1899, falling off OF per
cent.
The price record, this week, is rather
mo,e pronounced in showing the strength
of the upward tendency, than last week
or the week before. Among the more i'm
por;ant staples lard alone is reported
lower. Among the long list of staples for
which prices are unchanged are wool, cot
ton, corn, sugar, pork, flour, brown and
bleached cottons and copper. The more
conspicuous advances are found in wheat,
bessemer pig iron and steel billets. There
are advances in the quotations for leather,
oats, coffee print cloths and in galvanized
and black sheets.
Among the larger Eastern cities no
striking changes in the condition of trade
are reported, with the exception of an i'm
proyemellt in industrial lines, and in the
lake trade at Buffalo, and rather smaller
volume of business reported from Balti-
mora The Pittsburg iron furnaces are
sold months ahead
The central Western cities, among them
Cleveland, Detroit, Cincinnati and Louis
vile, report the usual volume of midsum-
mer business, with perhaps relatively more
activity
Fair orders are being received by Job
bers and merchants at Chicago and ST.
Louis, but no pronounced revival in the
demand for fall delivery is expected there
until after Aug. 1.-the country merchants
preferring to await the corn crop prospects
at that time before giving out orders Iron
and steel Industries there are refusing or
ders except at full prices A fair bust
ness Is reported from Kansas City, and
rains throughout Kansas are expected to
improve the demand in the near future
Excellent crop prospects in Nebraska have
resulted in more activity at Omaha, where
trade in some lines is in an excess of 1894.
At the Northwestern cities, Milwaukee,
Duluth, Minneapolis, St. Paul and Sioux
Falls, there is the customary volume of
midsummer business with the prospects
of a greatly improved fall trade. The lake
traffic has increased, flour and lumber in
dustries are more active, and jobbers in
general lines anticipate an early increase
in the demand for staples.
The feature of the week at the South is
in the rather more satisfactory report from
Mornphis. Chattanooga, Augusta and Gal
weston, where orders have been received in
some instances in excess of expectation,
and the volume of basiness Is larger than
in the corresponding period of last year
aO SuCu poiHGS DIS CuttfieSUOI. Savannah
and New Orleans, no material change is re-
ported, compared with week ago, and
the like is true at Birmingham. Atlanta
reports rather less doing in dry goods,
notions and groceries, but tho outlook for
trade this fall is good. The volume of
business has fallen off at Jacksonville.
The most disturbing influence in
Louisiana is the withholding of payments
of the sugar bounty.
The most conservative reports on the
Pacific coast come from Portland, Ore,
whore the condition of trade is fair. San
Francisco ranks next with generally i'm
proving condition of business, the price of
wheat being steady and large number of
vessels afoat for that port to load with
wheat. Seattle announces damage to the
heat crop in Washington, and not all The
hop crop there will be picked, because of
the low price-prpbably not over 20, 600
bales. Business is more active at
Tacoma where the importations of tea are
heavy and there3ports of lumber are in
creasing. 81
The quantivdf wheat exported this
week (flour inohided as wheat), was /,
265, 900 bushels. from both coasts of the
United States And Montreal, compared
with 3, 3Ss, 900 ia the fourth week of July,
1891 The presentsGeek' S wheat shipments
are the smallesrs 6ht out since the first
week in June, 18gl.
The numbet, IA failures in the United
States this wskkEere 237, against487 in
the week. yes 3go. s