Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-12-04
MARKET REPORTS.
NEW Y0Rk MARKET.
The Features d the 0ay's Dealings In All
iAs Leading Stocks.

their weekly review of trade will say:
The monthly report Of failures shows de-
faulted liabilities of 81 $40 1876 in Novem-
Der, against 81, 200, $50. last year. Because
of three large failures of $325O,OOO not
due to present conditions, the aggregate
In November was only 81 100000 less than
last year. and except for those would
have been smaller than in August, Sep
TENDER October
The decrease in nearly all branches of
business shows that payments have been
remarkably good and default unusually
small. Other evidences of the state on
business are convincing except inspecula-
tive lines. Wages have been voluntarily
advanced for nearly 10000 workers in
wOolenS and iron.
1t is the season for making in most in
dustries: but at least one other furnace
has gone into blast. and the lowest price
of bessemer at Pittsburg after purchases
OF 5000 tons. is s10.15 per ton, with $9.25
for grey forge.
The boot and shoe manufacturer has
shipped from Boston los. 4s9 cases. or over
80 per cent. more than in 1892, during the
month or November. and have this year
unusual couragement because orders are
practically all TO meet the winters needs,
ana manufacturers have yet the whole of
next seasons orders to come. While
some Jobhers are paying higher prices
asked. waiting policy is still general but
the distribution has so far outrun pur-
chaSes that dealers have to buy, best
,ney can Tor winter need. Leather is
nougnt only for necessities. and hides are
practically unc hanged at Chicago.
The voluntary advance of 20 per cent in
wages OF worstcd workers at Providence
restoring the rates of 1889, is evidence of
the prosperity of that manufacturer.
After much hesitation in other branches,
winch may be justified. this important de-
partment of the wooden industry puts it.
sell at the front. virtually declaring its
fn 50,
'fhe purchases of Australian wool at Bos-
ton have again been large. 2, 435 900 hounds;
out OF $4,000 pounds for the same week
Iast year But other markets are ex-
tremeiy quiet and Boston is doing the
Sei1nS M prices not named.
No gain appears in the cotton market
ana the low price of cotton still binders
the buying CT goods. Lower prices than
have ever been known are quoted for
PRINT cloths. and also for some grades of
prints ana the average of cotton goods is
remarkably quiet
The wheat market has deceived eyerv
body. dropping in the face of an eno,-
NOUS foreign demand. just when some
advance might reasonably have been an
uclpatcu. The Western receipts. 6.SS2.425
bushels. against 964.62l last year. for the
week. and for five weeks. SO So. 529 bushels
against WSil, i56. last year and for the
same week. is Just now more impressive
IN inc market than Atlantic exports.
which have been 4.1S7.672 bushels flour in.
ciudea Tor the week. against 2,079 457. last
year, and for five weeks. II 81. Al bushels
against ssi1.15 for the same week. last
year, but in the long run the outward |
will affect prices. although the |
surprisingly large increase at the West |
indicates 4 considerably greater yield |
than has been anticipated.
so the enormous receipts of cotton |
plantation exceeding those to date from
the great crop of about ten million bales |
IA 1854. tend to check all speculation. al |
lhouSn potn foreign and domestic de-
hoo xS,.1p.
Failures for the week have been 3OS in
the limited States against 379 last year.
and q in Canada. against SIS. last wear
Outside buyers had withdrawn from the
market. today. and the field was appar-
,ntly left to follow by the large Operators
Who have been prominent in the manipul
ative movement of the week. The heavy
hrowing over of'steclzs by the. large oper.
itors. yesterday. to realize and by 9th.
rs later to save losses, was what dis.
the outside public The hears
we're In evidence from time to time. but
heir offerings seemed to be well alb
orbed without effecting any marked de-
lines. There was no evidence of any
Mort to mark up prices.
me action of the market suggests that
ne large operators may be attempting to I
'ick up a line OF stocks at the decline be- /,
ore pushing prices again with the pur-
'ose to realize while the public is still
uying. as was done. Monday and yester-
lay. Sugar was exceedingly active ali
ay. which acted In a very .feverish
manner. -
A large portion of the. speculation was q
AIKEN up with this stock and the offeringsi
nd the weakness increased as the day !
rogressed. Union Pacific manifested, :
ONE weakness at times ~
There was good support apparent for ,
ne stock, however. and the Kansas Pa :
ific cOnsOl 6's trust receipts were also
teadily held. The wide and Irregular
lovement of some special stocks kept the
eneral list very much unsettled: during
le day and II was difficult to discern anv
larked general tendency in the trading.
OndOn was again seller OF stocks inI
lis market to some extent. Z
The late squirt In Manhattan to los. a ,
ct rise of 3la points. stifrened prices and
Fought many Of them above yesterdays
osing level. Otherwise losses would
ave predominated. The rise in Manbat-
IN was due to false rimor that the
background rapid transit plan had been
cleared unconstitutional.
The business in bonds was somewhat 7
lrtailed. Prices held firm. Total sales, /.
5000 .
There was an advance In the bid price =
United States rs of \, and of the new .
) of Il. a