Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-08-03
IRON AND STEEL
Lead All Lines of Trade in the Better
Outlook for Business.
Other Branches Hold Their Own, Several SNOW
ing Healthy Advance.

New York. Aug 2.-Bradstreets VIII
say: This week presents larger Will.
of trade in many lines ana a6 many poin.'
than in the weeks before anu year 0so.
The rush of orders for steel ana iron lea1s
in interssr, displaying 4cha'HaD,e
strength. Western manufacturers nov
been Obliged to purchase Eastern Dllie's "
meet their orders. Less commence %
nlaced in last weeks rumors OF serious
damage 10 the spring wheat crops III
Minnesota and Dakotas.
Another conspicuous feature Of the week
ia the evidence of reviying confidence vi
,hs mart Of Western and Northw. stern in
terror merchants, now that the corn anu
snripp wheat crops promise well. Inls
ia shown most plainly at Chicago 81
Iouis. Milwaukee and st. Paul. where
tho order demand and sales to buyers In
persou have increased to q STRIKING extent
At the South general trade remains OF
moderate volume, as previously noteo.
Nashville and Galveston alone report ma
terial gains There is better outlook
and feeling at Charleston. Elsewhere
midsummer quiet rules. All the mills
ara busy at Augusta. The delay in pay
unfavorably in Louisiana.
At the larger Eastern centres there are
no changes beyond better demand in
leading staples lines at Baltimore. New
York and Boston, based on the improv-
ing interior demand for fall delivery.
Trade on the Pacific coast is Of moder-
alta volume, but fair for the season.
Tacoma and Seattle are reporting an ex-
pansion of demand, and Portland and San
Francisco no material changes
The course of prices still continues up
wards for many leading articles, notably
copper, which has had quite speculative
advance in Boston, the quotation appar-
entity being held firmly at 12c., contrasted
with 9 nc, earlier in the year. Pig lead
is higher and two associations of manu-
facturers of bar iron have advanced that
product 50 a ton.
Wheat flour is quoted higher than a
week ago Cotton and sugar show frac-
tional advances. Lumber and wool are
reported steady and firm. Petroleum is
lower ON increased production. At West
ern markets hogs are lower. At tide
water prices for anthracite coal are adj
mittedly demOralized.
DtuN lOl uly oSSIC8otO
55S, 600, OOo, or about sl56, 600, 600 more
than in june and more than any preced-
ing month, this year, except May. They
are 80 per cent. larger than in July of last
year, 10 per cent. larger than in 1898, and
quite per cent. smaller than in 1890.
Last months clearings are the heaviest
for July within - years, except 1899. In
that month in 1889 and 1890 was the top
of the rise in the volume of business af-
ter panic of 1884. Seven months clear
ipgs are about 16 per cent larger than
1894. but 10 per cent. less than 1898, and
IL per cent. less than 1892.
The general industrial situation is some
what improved through the probable sue
cess of the striking New York tailors, the
end of the strike of the Cleveland wire
drawers, the continued frequent advances
of wages, the starting UP of new manu-
featuring enterprises, and the further in
crease in the demand for leading manu-
featured staples. notably iron and steel.
At Chicago the coke pig iron manufac-
turers have been refusing orders.
In textile lines all previous gains are
retained. There is less speculative de-
mand for WOOL and the prices are steady,
the sales to American buyers at recent
London sale (60,0 900 bales) being three Or
four times tie quantity usually taken.
Dry goods are in only fair volume, but
the more active statesmen are beginning
to send in orders for autumn delivery
Sales Of fall prints are moderate thus far.
The prices in ginghams tend upward,
mems wear woolens in some instances
selling at an advance
Exports of wheat flour included as
wheat) from both coasts of the United
States and from Montreal, show moder
ate increase over week ago, the total be-
ing 1.460, 900 bushels, gain of about
200, 000 This is due to the increased ex
ports Of flour, principally from New York,
Baltimore and Newport News. The week S
total was 2, 977, 900 bushels, year ago,
and 5, 622, 600, two years ago.
There are 221 failures in business re-
ported, this week, compared with 220 in
the week Of year ago.