Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-05-18
TRADE CONDITIONS
Throughout Country Are Reported as
Quite Favorable by Bradstreets.
Bank CIearings. Always Sure Indication,
Make Very Good Showing.

New York, May II. -Bradstreets, to
morrow, will say: Tho general trade
conditions throughout the country con
tinue, In the main quite favorable. Ac
tivity In speculative and Investment cir
cles has exceeded that in merchandise
lines, but the gains in the latter in nearly
all instances have been retained Wooden
goods manufacturers, even with orders for
several months to come have not antici-
pated tho wants rs the prices for wool at
the interior are above parity with the
quotations at tho seaboard and lower
prices are looked for. The heaviest trans
actions continue in Australians.
Tho weather has retarded shearing
Rhode Island WOODEN manufacturers say
that the demand is largely for cheaper
grades.
Among tho more favorable features of
the situation arc bank clearings, the ag
gregato for the week being Sligo, oO0,-
900, or 4 per cent. more than last week.
when the total was the heaviest since the
second weak of June, 1893. Compared
with the third week of May of last year
the weeks gain is more than 30 per cent.
Tho falling off compared with the like
week of IL 3, the panic period is only b
per cent and compared with the like
week of 1892, only 81 per cent
The gross and net railway earnings for
1895 confirm the early reports Of improve
ments In the conditions affecting trans
portation. Tho gross earnings of 1914
railroads tor the three months gregate
$l82, 0i8, $40, q gain of 1.6 per cent. The
net earnings aggregate STAG, SIG, 43e, a
uain of 3.5 per cont The best relative
allowing Is made by roads east of the
Mississippi and north of the Ohio and
Potomac rivers. The coal fields roads arc
relatively the heaviest gamers in gross
and net, while the grangers make the
poorest showing.
The prices of staples, this week, again
show q sharp inclination upwards, the
most striking since the revival set in. be-
cause Of the Increased strength of the adj
Vance in and tho demand for iron and
steel. The price movement includes the
following changes:
Advanced: Hides, calf skins, shoes
cotton, petroleum, wheat. wheat flour,
Indian corn. lard. sugar, refined Besseme'
pig Iron. steel billets, mills, wire, copper,
lead, structural iron, merchant steel
quicksilver, bags. Declined; Oats, liv,
cattle, live hogs.
The spread of the strength in metals i.
the feature of the week, together with tn,
advance In wheat. the bullish views Of
which are growing. Beerbohm's ant
BrAdstreets reports as to the world
wheat crop outlook, point to probab'
reduction of per cent. this year, con.
pared with last. indicating the smalles'
worlds total wheat crop since 1880.
business at Pittsburg Is stimulated b.
tho advance and greater activity in iron
aud steel, but Philadelphia does not scci'
to have fully shared In this, the mos
not iceable improvement there, as at lsalti
more, being In dry goods and shoes
Central and Northwestern cities annonnc
a slightly restricted volume of cuisines
sinoe tho sudden change in the weather
The entire region from Boston I
Kansas City. Omaha and south Falls,
o.. and south to the gulf, reports 'ianas
to the early vegetables and fruits frem tt
iata4 aeysre cold weather, Tho weathe
has checked the sales OF scasonable fabrics
Nehraaka md other grain states fail t
,nentlon serious damage to grain an
vheak which are In the daily newspaper:
Amone thc Southern cities Improve
n,ent IS trade Is reported froni Memphis
groceries al Chattanooga. Savannah. pal
iouIarly at Galveston, where business