Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-09-26
BRADSTREErs REPORT.
Some Lines Show an lncrcase-Keep Your
Eye on the Wheat Exports.

New York. Sept. 25-Bra1streets. to-
morrow. will say; In Eastern jobbing
circles the feeling Is one of increased con-
fidence There is more doing in some sta
pie lines, noticeably at the East and at a
few Southern cities. In most other in
stances purchases continue for immediate
wants only. Ihere Is little expectation
of general revival in business prior to
election. Throughout the central West
and Northwest no material change is re-
ported in the general trade features. The
exceptions are at Cincinnati and St
Louis where the demand for staples is
larger
Savannah and Augusta report marked
increase in the volume Of business. whole
sale and retail, with satisfactory collec-
tons. Memphis and Galveston report
moderate gains in demand and sales. I'm
provement is shown in various CONNER
cial and industrial lines at New York
Boston. Providence ana Pittsburg. The
improved demand for wool continues,
with an upward tendency in prices
The demand from England remains no
ticeable, bat is offset by high rates of
freight and the scarcity Of ocean room
There is better jcbbing movement in
cotton goods, which are higher. Not
much more wooden machinery has been
started. The sales of woolcns generally
are of the low cost variety. The starting
up of the iron mills and furnaces is CON
spicuous. ard the. makers in some in
stances seem anticipating the demand.
The stocks of pig iron have nearly dou-
bled since Jan. l, and the producing ca
pacity has been restricted more than
one-third.
The better feeling in the iron and steel
industry is not followed as yet by a cor
responding demand Exports OF 5000
tens Of steel rails 1000 tons of pig iron
and smaller quantities Of other forms of
those metals. this year. have been pos
sible only by the reason of the extreme
depression OF cost prices of raw material
ut time when the foreign makers are
cndeaVoring to obtain higher prices.
41ITIf st,. mn,
delphia have started up. and some have
shut down. Providence manufacturers of
textiles and jewelry report a better de-
nand, but the makers of cotton varr.;
rates for money at the East are followed
hy a disposition on the part OF Western
banks to make loans. At many points
the money markets are characterized by
an extreme strinsency. notably at some
southern cities. Collections generally are
difficult to make. the only tendency to
ease being ut some primary markets for
wheat and cotton. The general tendency
of staples continues most of the adj
vanccs of 4 week ago, notably those fol
cereals. wool, cotton and leather. while
iron. steel, lumber and hides remain firm.
Inc bank clearings Suage of the volume
of business brings an expected decrease
compared with last week. the falling off
amounting to more than per cent, the
total for the six days ending. Sept. "A. be
ing So. ol0.0m. The decrease of this week
compared with the corresponding week
in 1850 is Il ner cent.
Exports of wheat flour included) from
both coasts of the United States ana
Montreal this week. were 3.SlS,Gi5 bush
els. (the dispatch from Newport News
not received. compared with 3.1Jlo00 in
the week year ago.
The number of failures throughout the
United States were 81 this week. com
pared with 1873 in the fourth week of Sep
TENDER. 1853.
If the domestic wheat crop is placed ut
l5o,000, 100 bushels. this year which is ma
terially larger than the government re-
ports indicate. even the largest allowance
for wheat carried over in the United
States. July |. is shown by Bradstrect;
to permit only Il slightly larger export
SURPLUS of this cereal year than last.
With the short wheat crops in the most
important wheat -exportng countries.
this is of great Significance. Should the
government indications OF the size of the
domestic wheat crop prove true the in
dicated surplus for export. this cereal
year, would not be much more than 20 =
900 900 bushels. and more than 50 per cent.
Of that total has already gone forward.