Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-06-06
WEEKLY REPORT.
What Bradstreet's Will Saw on
the General Trade.
St. Louis Has Not Yet Recovered
from Its Recent CycIote.
Bank Ciearings $685., 0OO. 000-Falures for
Week Same as Last Year.

/ New York, June 5-Bradstreet's to-
morrow. will say: General trade con-
/ tinues depressed in almost all lines.
/ The demand is smaller than a week
| ago and the request for and offerings
Of commercial paper have decreased.
| Mercantile collections continue to be
| complained of, and the tendency of
prices. particularly Of cereals, sugar
coffee, pork. potatoes, cotton goods,
iron and steel continues downward.
| At the South, the more favorable
| features are the rain which has visited
| South Carolina, Georgia and Alabama,
| with benefit to the crops. of about
| one sixth increase in the cotton acre
| age OF Texas, higher prices for rosin,
| and larger volume of business at
Nashville, Charleston and Baltimore.
Nebraska's crop prospects We're never
better There is a moderate increase
in the demand for dry goods at Chica-
20. but business there is generally dis
appointing. The check to trade at St.
| Louis. is in part the result of delays
in the distribution Of merchandise on
| account Of the late storm. The I'M
seasonably cool weather and rain in
ferfered with the retail trade in the
Eastern adviccs are that wool is dull
and weak as ever, with a larger stock
II old carried over than for years and
| q very light demand for the new clip
n the face of this, Portland, Oregon.
wires that about 1000 tons of wool have
been handled at The Dalles this year.
and that it has begun to move although
Eastern buyers have not put in active
! .4rr,,a b..
for export are doing relatively the best
business. The over supply of cotton
fabric continues to depress prices.
Much wooden goods machinery contin-
ues idle and the sales of woolens for
the fall delivery have not held up as
expected.
Shoes continue firm. The factories
report a large number of orders on
hand. which strengthens leather and
hides Iron and steel prices in some
Instances have been maintained by
strength of pools. Either the cusr
toners are resisting the demands OF
the combinations by withholding Or
ders. or the nearby wants for staple
makes of iron and steel have been
oyer-estimated. The production tends |
10 decrease.
The total bank clearings throughout |
the United States for the past six |
business days were 1861 .000. 900, per
cent. more than in the preceding
week. IA per cent. less than the frs. |
week of June. 1895. and only per |
cent. larger than the corresponding |
week of 1894 The May bank clear |
ngs for 1896 show not only a heavy |
falling off from May of a year ago, |
but are smaller than the April total. |
something which has occurred only |
twice in 10 years.
Two thirds of the cities report |
smaller clearings in May, this year.
than last. Every group reports fall
ing off. The smallest relative de-
crease is from the South. The Middle
and Southwestern states report the
heaviest declines. The total clearings
at So cities for May aggregate $4,21S,-
100000, decrease of Is per cent. from
May. year ago, IA per cent. from
April. this year, an increase of 81 per
cent over May. 1894. and a decrease
from May, 1898. the proceed of the in
dustrial panic. of 20 per cent. For
five months the clearings aggregate
$21, 277. 1854, this year, an increase of
1.9 per cent. over 1895, of 14.7 per cent
over 1894. and a decrease from 1893 of
20 per cent.
The exports of wheat flour included
as wheaO from both coasts of the
United States. this week, are the |
largest since the third week in Janu- .
airy. being 100000 bushels. against
!, 1891 900 in the first week of June, 1895. ',
The most significant features of
Bradstreet's monthly report of the
worlds available wheat is the rela-
live increases of domestic stocks at
Continued on page %