Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-05-30
RECENT STORMS.
Have Had Bad Effect on Bust
ness In the West.
Labor Troubles at Milwaukee Have
Also Hampered General Trade.
improvement in Situation Been Confined 10
Hides. Leather and Shoes.

New York. MAY 23.-Bradstreet's will
say, tomorrow: The Improvement in the
trade situation is confined 10 the demand
FOR hldes. leather and shoes. the tendency
of prices Of the same to advance and the
Improvement in the request for dry goods.
mats ana shoes from the wholesalers ~
ST. PAU, Kansas City. Omaha and Balti-
moro.
The crop outlook in South Carolina and
Kentucky is brighter because of the re-
cent rains, and generally better feeling
iers in Louisiana and Texas because OF
the recent sugar bounty decision.
General business continues quiet at the
large financial centerS and less CONNER
clii paper Is making, even at lower rates.
A etWcnn-season's trade has begun to
assert Itself. and from n number of points
mercantile collections are less sdtisfac-
tory and in some instances more difficult.
There Is no gain in the whole volume Of
May business ut Chicago. il being less
than the average, although greater than
during May. 1893.
Labor troubles at Milwaukee have had a
bad effect on business. In Texas. both
want OF rain. AT ST. Louis and through
Qua the contiguous territory and smaller
business c%enters. along the track of the
recent storm. business has been inter
ittIted. The damage from the cyclone IN
81. Louis alone has been heavy in add
ton TO which shipments from jobbers are
delayed ANA retail merchants are suffer
ing ftcIn the effects Of the storm.
Tn Industrial condition. except as to
boots and shoes. is unlmproVed. Cottons
are Dun and low on OYER supply. the price
ot raw having M influence. Wool prices
continue TO favor buyers, with manufact-
urers running at reduced capacity. Stocks
OF old woods are heavy, and new is begin
ming to arrive. Pig iron prices remain
as a week ago. speculative sales having
been made at cut quotations. Stocks are
heavy and production is increasing. There
Is a less demand for billets and the out
look in iron and steel is not for an i'm
proVement prior to the middle of July.
The price movement is again downward.
wheat. corn and oats. pork. lard. ex-
hibiting unexpected ~shrinkages. Coffee.
cotton and petroleum likewise are lower
and the sales of pig iron and billets by
middlemen have been made u shade under
nominal figures.
Wheat flour. coal and print cloths are
practically unchanged. Refined sugar and
tin plates report advances. Hides and
leather are firm at recent advances and
the tendency is upwards.
The exports of wheat flour included as
WheaU from both coasts of the United
States during the week were 2.064. 900
bushels compared with 2.062 900 in the
week. a year ago.
The bank clearings throughout the
| nited States for the past six business
days Were SalS. oo0. 900. a falling off com-
pared with the preceding week of 7.3 per
an increase of Y per cent. as COM
pared with the fourth week Of MAY. 1895,
and q per cent. contrasted with the cor
week of 1894.
The number of failures in the United
Stats during the week is 221. compared
with 95 in the week. one year ago.