Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-06-12
FULL OF HoPEFuLNEss.
Bradshsets Report Says Trade Volume Il
Greater and More People Employed.

New York, June 11.-Bradstreets, to-
morrow, will say: Notwithstanding the
cool, wet weather, which checked the
distribution of seasonable goods, the
disappointment at the restriction OF
distribution of merchandise in the
spring and early summer is giving way
to hopefulness for the fall trade. Bust
ness is better than year ago. The
volume is larger and there are more
people employed than prior to the last
Presidential election. Jobbers are be-
ginning to report fair orders for fall de-
livery, Manufacturers of woolens are
more hopeful, the outlook for higher
prices stimulating speculative demand
for both raw and manufactured pro-
ducts. Corn prospects, except in Ore
gon and Washington, where rain is
needed, continues favorable.
Gross railway earnings for May make
the best showing for any month since
last summer. Total earnings of III
companies with $4,000 miles of road as-
gregate $39,2SS,703, a gain over May
year ago of per cent. The increase
in April over year ago was only l.o
per cent. and in March IL per cent.
This weeks total bank clearings was
81. 0OS, 49,, SIG, show an increase OF l.
per cent, over last week, of per cent.
as compared with the like week one
year ago.
Rradstreet's prices index number.
June l., covering quotations Tor %
staple articles, mechandise, produce
and live stock is 72,S2S compared with
74.193 on May 1. Out of 100 artlcles
quoted only q We're higher June than
on May /, 81 We're lower ana 81 IN
changed. Among those which We're
lower are 90 food products. leather
wool. cotton goods, steel timber chemi-
Gals, coal, coke and rubber.
This weeks prices movement includes
advances for tea, wheat, Indian corn
oats, coffee sugar and pig iron, steadl-
ness on the part of prints, coal, ium-
Der, steel billets. petroleum. pork ana
flour and declines for cotton, lard, tur-
pentine and rosin pointing to tend
ency to reverse last months weakness
in quotations.
There are 256 business failures re-
norted throughout the United States
this week. compared with 1877 last week
234 in the week a year ago, 232, two
wears ago, 227, three years ago, and as
COMPARED with 303 in the like week OF
1893
Exports of wheat (hour included as
wheat from both coasts of the United
States and from Montreal, this Week.
amount to 1,S9O323 BUSHELS compared
with 1920, 900 bushels, last week, 2922,
900 bushels in the week of year ago
Exports of Indian corn, this week
amount to 2,39S, 294 bushels, compared
with 2. 1856, 900 bushels, last year.
Prolonged wet weather has had
depressing effect on general trade III
the Canadian Dominion, tending U
make mercantile collections more din
cult. Crops continue backwards ano
tariff uncertainty adds to trade de-
preston. Bank clearings at winnipeg
Hamilton, Toronto, Montreal ana Han
fax amount to $24,SS7,O00 this week
compared with $22, 791, 900. last week,ant
$2O,972. 900 in the like week year ago
There are 3S business failures reported
from the Canadian Dominion, TINS
week, compared with 81, last week, y
in the week, a year ago and Il, Two
years ago.