Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-03-28
TRADE PICKING UP.
Better Weather and Better Conditions Have
Helped All Large Trade Ccnters.

New York, March 2l.-Brad3treet
tomorrow win say: The week haa
brought more favora bic wather, which
tends to create a better fleeing. Trade
except at Baltimore, Minneapolis, st
Paul. Chicago and to a moderate de-
gree at other points. remains dun an
unsatisfactory. The most encouraging
facture is the advance in prices OF
wheat, Indian corn. bessemer pig iron
The latter is based on the higher value
placed on Lake ores While there have
been larger sales Of dry goods, shoes,
hardware iron and leather at Chicago.
business in other lines continues slow.
The crop prospects in Iowa are good.
Kansas and Oklahoma producers arc
holding Indian corn for higher prices.
The check in the demand for grocer
les and provisions at the South are iu+.
t. Southern planters having raised
larger food crops, this year. Heavy
receipts in vegetables at Southern ma e
kets are followed by the reports of large
crops thereof in sight San Francisco
exports to Asia have fallen off and AMI
those to Mexico and Central America
are the heaviest on record. Portland.
Oregon, is sending large quantities OF
lumber to the west coast Of South
America and Tacoma. cotton cloth.
-four, lumber to trans Pacific markets.
One of the most important features
Is the lack Of Improvement IN mcrcan-
tile collections. This, with the com
merclal calm AZ many Of the more i,r-
Fortaht trading centers. points to SON
effects of the prolonged period of with
drawal IF capital from enterprises IN
the United States and - the unWill-
inSneSs Of accumulated domestic cap
ltal 10 seek neW ventures al present
The total bank clearinss. this week
furnish the smallest total for some
weeks. $685. 600 600. or 5 Der cent less
than last week. and only ! per cen;
larger than the fourth week of March.
1895. Compared with the correspond
ing week of 1894, this weeks increase
of 20 per cent. with that IN 1893 tmorc
than a month before the outbreak Of
the panicl. this weeks decrease is Il
per cent
Wool in some instances has shaded
N price Trade IN wool Is almost al 4
standstill. aside from a few sat : for
export. Foreign dress woolens are
higher, the only Improvement in ou,-
look being FOR American fabrics. All
ditional wooden mills have closed for
lack Of orders Raw cotton is lower.
presumably on the reports Of a pros
qectiVe large crop. Heavy movement
III ginghams apears To be the outcome
" drives and auction sales. the effc,
of which on other fabrics Is depressing.
Large accumulations Of white cotton
are reported and Providence bankers
state that cotton manufacturers ha1.
sought loans there 10 enable them to
carry accumulated stocks,
Exports Of wheat flour included as
WheaD from both coasts Of the United
States. this week. are only slightly
heavier than last week, and far below
the usual weekly average
70 1.7i4 coo bushels. compared with
i592. 600 in the previous week. and
. &C. 0o0 bushels. this week. . small de-
crease from the week before, but three
times the quantity sent abroad IN the
corresponding week a year ago and
about s pcr cent more than sent
abroad two wears ago
The heavy mercantile failures have
| - temporary effect on trade in in
-tanc $. and have caused closer
scrutiny Of credits and cheek on sales
and distribution. Only 376 business
failures are reported in the United
States COMPARED with 300 last week
ana an unusually large proportion OF
/ hem are of comparatively capitalized
concerns The total number of fail
ures IN the week. a year ago. was -.