Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-07-20
AUGUSTA MAINE SATURDAY MORNING JULY 90 1895. u
REPORTS ARE FAVORABLE
In Industrial and Commercial Lines in
Most Sections.
The Crop Prospects are Good, in Some States
Unusually So.

New York, July 19-Bradstreets, to-
morrow, will say: All the previously re-
ported favorable industrial and CONNER
clal features were continued, this week.
the endurance Of revival In the demand
for iron and steel, further advances in
prices OF the same and the additional in
creases OF wages of industrial employees
being the most significant Notwith-
standing the midsummer quiet in some
iLes OF general trade, the volume Of gen
erai business throughout the country In
largely In excess Of that a year ago.
The bank clearings' totals recede little
from last weeks extraordinary large ag-
gregate, the amount being 81 029, 600, 600,
this week, falling Off of 10 per cent.
from last week, an increase Of 25 per cent.
over the total In the like week in 1894.
o. per cent. larger than the third week Of
June. 1898, and only per cent smaller
than the like period Of 1892.
The record of prices is Of greater firm.
ness than even that shown by the clear
ings, the only decreases OF Importance be-
ing wheat, flour. corn, cotton and lard,
the previous advances firmly maintained
by the closing quotations for hides, leather,
iron, steel rails, print cloths, wool,
wooIens, pork, coffee, sugar and live stock.
Evidence of n continuance Of the activity
recently shown In the production and con
sumption is afforded in higher prices. this
week, for Besserner pig iron, steel billets,
bar iron, copper, petroleum, paper, some
building matrials and oats
Merchants at almost all the large cities
are preparing 10 send out travellers and
until they begin 10 exhibit results no ex
act estimate OF how the fall trade viii
open can be prepared. At this timo tn,
outlook is regarded as highly favorable
AT Boston, Philadelphia and Baltimore
among the Eastern cities noteworthy
gains in sales of staples are announced. Tn,
expansion Of industrial activity at Chicago
81. Louis, Louisville and Cleveland quit,
generally stimulates the distribution Of
merchandise staples Country buyers are
present in unusually large numbers. II
Nebraska the corn crop will be very large
md in South Dakota the crop prospects
are as nearly perfect as possible. Duluth,
lumber mills are nearly sold up.
All the Central and Northwestern citie:
report merchants counting on large
volume of fall trade. Reports from South
ern cities show further improvement, tht
gains this week being more marked thar
for the like period for months before
Country merchants in South Carolina arr
much encouraged with the crop outlook
and the demand is fair and prices tend up
ward
Like reports come foin Augusta, and In
Texas the cotton buyers have commenced
to make their presence felt. The delayed
payment OF the sugar bounties check,
trade In the Louisiana sugar districts
The volume of trade is smaller at jackson
Vile
Pacific coast advices are that the Cali
fornia wheat crop is threshing out poorly,
bat in the Northwestern spring whea,
states the prospects for crop are for the
best. Nebraska will produce an unex
pectedly large crop of Indian corn and tn,
total yield of corn in the country will
probably exceed even the previous large
crop views.
Exports Of wheat flour as wheat from
the United States and Montreal, thi.
week, amount to only 1,652, 600 bushels
the smallest similar total since the first
week of June, 1891. A year ago the ag
gregate exported was 1873, 600 bushels
TWO years ago, 5,077, 600, and three year.
ago, 2,7l6,000.
There We're PA failures in the United
States, this week, against 2l2, year ago