Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-08-15
BRADSTREET'S.
Volume Of Business Throughout the
Country Is Practically Unchanged.
Crop Reports Discouraging-Bank clearings
SmaII-ncrease in Failures.

New York. Aug 14--Bradstreets, to-
| morrow. will say: The volume of bust
ness throughout the country is pratt
callv unchanged. The features do not
noint to Improvement in the prospects
for the fall business. The industries
generally continue quiet with more men
idle than a week ago The most sig
niticant feature was the higher rates
for money early in the week. and some
difficulty in obtaining time money.
This disappeared with IA manifest re-
action against the free silver senti-
ment which followed the silver demon
stration at New York, August II.
Jobbers in woolenS are meeting i'm
mediate. wants only. The receipts of
new woods exceed the sales and the
manufacturers prefer to let holders
carry the raw material. The jobbers
of dry goods see no outlook for active
fall demand until after the election
Higher priced cotton strengthens the
views of manufacturers but does not
sell goods. Mems wear, woolens sell
slowly for the spring delivery. Cotton
goods continue to accumulate notwith-
StdDuluS lUt RESTRICTED output.
Mercantile collections are difficult to
make at Charleston and at Atlanta
they are poor jacksonville jobbers
report remttanccs slow. as do those at
Birmingham and in the West at Cleve-
land Detroit, Milwaukee and st. Paul.
There is little on no demand for iron
or steel. Notwithstanding the capacity
of furnaces in the blast was restricted
during July more than "a. 900 tons. The
manufacturers of hardware ana jeWelry
report business excessively dun.
Crop reports from some portions Of
South Carolina are discourasins. The
vegetable crop in Florida has been
greatly reduced by drouth. The crop
conditions in Alabama have fallen off
within two weeks. She Kentucky to-
bacco out-turn has been reduced by
the prolonged drouth Wholesale deal
ers at Chicago ana st. Louis report
moderate gains in the distribution Of
dry goods although the total volume Of
business is less than last year Trade
generally at those centers and vicinity
remains at dead level Of nearby wants
A brighter side of the picture il found
in the generally favorable crop condi-
lions at the South which have stimu-
lated the buying at Baltimore. Savan-
nah. New orleans and Texas The
early movement Of cotton ia pointing
to improved mercantile collections
The financial situation az New Or
leans Is relieved by sugar bounty pay
ments Collection is improved at Pitts
burg ana there is better demand for
dry goods and shoes than last week
A. Omaha wholesale mechants report
very general Improvement on the
Pacii3c coast the wheat yield promises
well in California and general trade
at Washington and Oregon cities is
rather less active
Thu exports If wheat taour included
as wheaD from both coasts Of the
United States. this week, We're 2.635.
600 bushels, against lSg4.000 in the
week a year ago. The exports OF In
dian corn increased very heavily.
amounting TO 2.367 900. compared with
%, 900 bushels last week. and less
than 1000 900 in the week a year ago.
y striking feature is the generally
downward movement Of prices Of sta
pies. among them hides. shoes. wheat.
Indian corn. oats, coffee raw sugar.
cotton. petroleum and iron. Offers for
steel would have resulted in lower
prices for it. Practically unchanged
quotations are reported for print
cloths refined sugar. pork. lard and
wheat flour
The bank clearings totals throughout
the United States aggregate only
$%i9. eco .o0o, this week. per cent less
than last week and per cent. less than