Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-11-23
: AOGOsIA MAINE SATURDAY MORNING. NOVEMBER 1885, IL
BRADSTREET'S REPORT.
Check in Business Continues---AII
Lines Are Unusually Dull.
Bank clearinss Show Large Figures Railway
Earnings Have Increased.

New York, Noy. 2-Bradstreets. TO-
morrow, will say: The check 10 general
'r'tue, conspicuous for the past few weeks,
Still continues. The unseasonably mild
weather and rains have intensified this
feature, which is more conspicuous in
the South, where the decline in the price
VI cotton and the consequent check To
| shipments are held to be partly RESPONSE
ple The demand for staples increases on
the appearance of seasonably cold weather,
the result being larger orders for woolens.
shoe', rabbers and holiday specialties
Lake shipments are active and cargoes on
outgoing steamers at Montreal are heavy,
owing to the close of navigation.
Complaints are made in Texas of re-
duced shipments of cotton. and the crop
estimates there are again lowered. This
Is IN contrast TO later reports on the prob
able size of the wheat crop. which now
place the amount necessary at 100. 600, 900
bushels larger than the crop report of last
spring. While the Philadelphia textile
manufacturers are fairly well employed.
they declare that it is without material
profits. Boston advices are that foreign
wooden dress goods are well cleaned up and
the advance of mems heavy weights is sus-
talhed Wool remains quiet with Il fair
inquiry hut manufacturers are not adding
to stock.
The uncertainty as to the prices of
leather is checking the buying of shoes by
retailers, which depresses the manufactur-
ing industry. There is less demand for
iron and steel, and the prices for standard
varieties are lower, about half-years ad-
vice huNinp hnnr1 T., l.,
in mind that most of these declines are of
sales from stock. a considerable order,
if placed with the makers, might have a
different effect.
The general trade of the Pacific coast
presents new features. AT San Francisco
there increasing disengagcd grain tonnage
dcpresses the ocean grain freight rates
Tacoma reports lumber shipments active,
Portland that the lumber business is
stimulated by IA combination of mills in
the three Pacific coast states. Consider
able orders for merchandise continue to
leave Seattle for Alaska
The exports of wheat from both coasts
of the United States and Montreal, this
week, (four included as wheat), was g.
916. 600 bushels against 8, 1875, 900, last
week, 3,3l2, 900 in the week year ago,
2, 76i, 600, in the week two years ago, g.
464, 900, three years ago, and 4, 0S2 600 in
the like week of 1891
Notwithstanding the continued evidence
of a moderate reduction in the volume of
business in recent weeks, the total value
of bank clearings continues of large pro
portions-S1, 1876, 600, 000-which, while 1t
is 81 per cent less than last week, is fully
10 per cent. larger than the corresponding
week of last year. and nearly IS per cent
larger than the third week of November,
1898 and per cent. more than the cor
responding week in 1892 When con
trasted with the like period in 1891, this
week total shows IA decline of only 10
per cent.
No less striking than week ago is the
comparatively long list of decreases of
prices for staples, among them being
bcsSemer pig iron and steel billets; wheat
corn, oats, pork, lard and coffee, among
food products; cotton, petroleum, hides,
live cattle and hogs Practically I'M
changed quotations are reported for tur-
pentine, rosin, tobacco, leather, lumber
and coal
The net railway earnings reported by
roads representing IS per cent. of the rail
road earnings capacity of the country,
point to steadily sustained growth in the
volume of net receipts for nine months of
the year As compared with a year ago. The
total gross and net earnings for nine
this year. have been respectively
S543, 500 629 and sl72, 594, 442, increases
over 1894 of 81 per cent. gross and per
cent. net.
The earnings, gross and net of 1894,
fell off - and II per cent. each from 1898
during the some periods. Changers and
Pacific road show smaller gross returns
than a year ago These decreases are
slight, Southern roads which show only
falling in net from a year ago, report
small decrease Central,
Western Coal, Southwestern Trunk Eas-
tern and Granger roads show the heaviest
increases in net over year ago in the
order named.
Failures number 1898 throughout the
United States, this week, against 295 in
the week, a year ago. The bulk of in
creases Is in the Middle and Western
states.