Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-07-13
AUGUSTA. MAINE. SATURDAY MORNING. Is. 1895.
GAIN IS NOTICEABLE,
Bradstreets Finds Traie in July in a
Very Healthy STATE.
Bank CIearinss and Railroad Earnings Show
Marked Increase.

New York, July --Bradstreets, to-
second week in July the condition of trade
generally remains practically unchanged,
although che commercial and industrial
activity at many points continues more
conspicuous than usual ut the midsummer
season. Prices generally continue strong,
the exceptions being found among cereals,
hog products coffee and lead, while as
significant as anything else are the excep-
tionally favorable outlook for trade i'll tho
fall and the encouraging promise for
wheat and corn crops throughout the CEN
trail Western, Western and Northwestern
states. Almost all the recent cereal crops
except those called official, have been most
favorable
BssSemer pig iron is higher again, sl4
being asked at Pittsburg and SIS expected
In the near future Steel billets are
higher rs are galvanized and black sheets
hides and manufactured goods very gerier-
ally Heavy receipts ot cattle and hogs,
good crop reports and reduced purchases
Of wheat abroad will explain the reactions
in the commodities referred to Sugar,
print cloths and cotton remained firm at
last weeks quotations. New business In
dry goods is quiet, but prices arc steady,
and dress woolens are flrmer on higher
price of raw wool.
Bank clearings throughout the country.
this week, present the largest total since
the period of the panic in 1898, Sl,l46,-
600, 600, or 80 per cent. larger than the
second week of July, 1894, per cent
larger than the second week of July, 1898,
and one half of per cent larger than the
second week of July, 1892,
Among the Eastern cities there Is
change for the better at Pittsburg, Phila-
delphia, Baltimore and Providence Manu-
facturers of woolons and jcwelry report
better demand, and all forms of iron and
steel are in active request, these features
resulting in the stimulation of business
in other lines. With few exceptions,
general trade Is quiet, and summer dull
ness prevails throughout the South. The
exception is with respect TO iron mills,
which are running full time. This is con
spicuous at Chattanooga, and beginning
to be so at birmingham.
At Atlanta sales of hardware are larger,
and those of dry goods, shoes and groceries
smaller. New Orleans reports only fair
volume of business less than expected
At many of the cities throughout the
Western and Northwestern states the mer-
chandise markets present the dullness in
cident to the first half of July, although
at all points the outlook for fall trade is
reported good At Chicago the volume of
business is heavier than expected ut this
time, collections good and the crop market
favorable
The industrial situation is characterized
by the Western pig iron furnaces being
sold nine months ahead, by contracts with
in week for 10, 900 tons of steel rails at
S25. St. Louis, Kansas City and Omaha
all report fair volume of business, prices
hardening and an unexpectedly favorable
crop outlook.
On the Pacific coast trade conditions
continue favorable The construction of
the San Joaquin Valley Railroad is aiding
business in many directions. Extensive
wheat engagements at san Francisco
leaves that port bare of tonnage. Port
land Oregon, reports prospects of good
fall trade and improvement in the salmon
catch. Washington crop reports are en-
couraging, and there are 10 ships loading
with lumber at Tacoma. At Seattle there
is a notable increase in mill operations
and cargo shipments.
Exports of wheat flour included as
wheatl were 2, 3l7, 900 bushels, this week,
against 2,377.G00 in the second week Of
July, 1891, and 4,134, 900 in that week of
1898.
Juno railway earnings show n continued
Improvement in the largest gain for any
month within two years. The total earn
tngs Of 120 roads for June aggregate $780,
SO, 7l5 an increase over June, n year ago,
of per cent, against decrease in June,
1894, from June, 1893, of 22 per cent.
For the first time this year the Granger
and Eastern roads show an increase as
compared with year ago For the six
months ending with June of this year, the
earnings of 122 roads with over 100 miles
OF main line) aggregate 1884 1856, 900, q i
gain over last year of 2. 3 percent, follow
ing decrease in six months, 1894 from
1898, OF 15.4 per cent. Tho only notable
falling off in June IL that in the earnings
OF the Southern roads, caused by the coal
miners strike on the Norfolk & Western. |
Encouraging features are the increases
in earnings Of the Pacific and South
western groups.
There were 266 failures In the United |
States this week. compared with 220 in |
the second week of July, 1894, and 3Ds in |
the like week of 1893