Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-09-05
A BETTER FEELING
Is Found Among Wholesale Merchants and
Manufacturers in General.

New York, Sept. 4.--Bradstreet's to-
morrow. viii say: There Is somewhat
better feeling among wholesale mer-
chants as to the prospects for the au-
tumn trade in seasonable goods. This
extends to some industrial lines notably
iron and steel. Chicago sales of iron
this week were larger than for all Au-
gust, and the Pittsburg sales are larger
and prices better on the outlook for
harmony among steelmakers. The de
mand for shoes from Western jobbers
is more active than at the East and
the dry goods trade regard the results
of the auction sale of spring goods al
New York as fairly satisfactory Not
withstanding the continuation of hig
rates for money, with restricted dis
counts and fewer time loans. there is a
better feeling in financial circles.
The most notable increase Of sales of
seasonabln goods has been at Chicago,
mostly among dry goods ana hardware
jobbers. St Louis reports moderate
gain in demand, as does ST Paul where
the state fair has attracted visitors
Baltimore's wholesale trade is checked
by restricted bank credits but is sun
larger than a year ago. At the South
relatively the most active demand is al
Charleston. Augusta Birmingham.
Nashville and New Orleans
The more encouraging feature as ia
the movement of prices lies in the ad-
Vances of quotations for wheat on the
stronger statistical position and free
export movement. higher prices for
iron and steel at Pittsburg ana Chica-
go, with gain in demand and further
appreciation in quotations for cotton on
renewed reports of damage "a the crop
Petroleum and leather are higher. Print
cloths, pork and wheat -four are I'M
changed. after sales Of considerable
lots at cut prices Lower quotations
are reported for corn. oats, lard. sugar
and coffee.
ON the other hand, there has been no
general increase in the Industrial pro-
duction. the output, as whole being
smaller than previously during the
year Further damage to the Texas
cotton crop is reported. and the outlook
for business in that state is less attrac-
tive. AT Detroit, Cleveland. Cincinnati.
Kansas City Omaha Milwaukee. Du-
1uth and Minneapolis there isno change
from the dizziness and conversation
which has marked the preceding weeks
Trade ON the Pacific coast except in
certain export lines, is If small volume.
Exports Of wheat OlOur inciudedD
from both coasts Of the United States
and from Montreal. this weak. were g.
35',S62 bushels, against 2260 600 in the
week a year ago.
Bank clearings show total Of SS27.
GOO GOO, this week, for cities throughout
the United States, an increase Of 10 per
cent over last week. and decrease OF
10 per cent from the like week Of a
year ago.
The August bank clearngs are the
smallest for any month this year. among
the smallest reported after the panic OF
lSa3. The total clearings for August
were 50, 526 .2t6, decrease Of ~ per
cent. from last year. ~ per cent from
the July total of this year. and 1916 per
cent. from February, 1896. the smallest
months total of this year Every group
of cities shows decreases in August to-
tails from those a year ago, the largest
fTlling off, 1876 per cent being in New
England, and the smallest IS per cent.
in the South The only large cities
showing gains are New Orleans. ana
Omaha.
Amogn the larger cities showing de-
creases are New York 14S per cent:
Boston. 10 per cent: Philadelphia
Il per cent. Chicago. Is per cent. St
Louis. per cent The total clearings
in the cities for eight months aggre-
gate, $33, 36l 1854, a decrease of Ia
per cent from the like total in 1895.
gain of l45 per cent. over 1924. a de-
crease of IL per cent. from 1893.
! There were 336 failures Throughout the
| United States, this week, the total for Il
year ago being 1Si
| The worlds stocks of wheat, Sept.
reported to Bradstreets amounted to
| about 81 ,096, 600 bushels. nominally less
than was held in the United States
/ Canada. Europe and alioat for Europe
! from all sources month before and
| less than reported at the first of any
month since Sept. /. 1891 The supplies
| of available wheat here and in Canada
| are larger than a year ago those in
| Europe and afloat for Europe are only
a little over half what they were a
! year ago.
/
! The catch Of white perch at Lake
| SebaStiCnok has been cnorrno,,c tl,;e