Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-06-26
ou.'s REPORT.
Tie Business Tide 10 Rising and Conscience
issr,wing Stronger.

New York. June 25.-K. u. Dun AZ co. In
their weekly review u trade wiz say
.sftncre l. no step backward In business
aIthouph the season OF midsummer quiet
IA near Improvement continues, graduai
and prudcnuy cautious as peloic. az
though In mstDy btanches eviueht "hefs
no signs of IL appeared n few weeks ago
H,laiuess men OF the highest standing N
an parts Of the country, having graduaiiy
nerc.fyed that the tide has begun TO rise,
are regulating their contracts anu lnVe.t-
m.ufs and their plans for the future with
4 confidence quiet unknown 10 them u
short time ago. ,.
Great changes before the adjournment
III Congrtss are hardly to be expected.
but removal Of uncertainty - with reason
expected 10 bring into operation buying
forces which have been restricted foi
months. Meanwhile IT Is enlouIasins ma.
crop pros poets s,iiI grow brighs.r. tina,
the Industries meet gradually tncreas-
frg demand for ~ oducts ibdt LABOR gueA-
lions which had a threatening aspect
have been adjusted ard rha1 the treasury
maintains ts ample strength. notwith-
standing some exports Of g9id brought
about by premiums Eaid on behalf OF fer-
oign government.
steadily Frightening prospects Tor crops.
Harvesting of wheat and mad already be-
gun In some winter wheat states, with
atlrprisingly good results In the central
r,s,inn and California so that $4,000 tons
tx now called the minimum from the lat-
tor state, and statisticlan& OF repute car
ttlate on Sy.D1.GJ bushels winter wheat
beyond the governments estimate: spring
wheat IL doing remarkably well with q
practically unknown Increase OF acreage.
'fhe price has advanced ~ cents during
the week with deer.dse Of l.9oeW u.
Western receipts and Atlantic exports OF
only I4i5gi7 bushels flour included. against
l. 1861 last year. but 1t h just the season
when figures have no value except as
provision show erroneous estimates iof
cotton was lifted an eighth without
reason and has fallen back rs much be-
cause everything points TO a larger crop
thansitas been commonly expected. Iron
and seed products average email frae-
lion 4ower In published quotations. bui
only because private concessions winch
are r,ow refused, were by various auth9r
Ties nplaccntiy concealed TWO weeks
ago Tin has slowly advanced 10 "a cents
III spite OF heavy arrivals.
There. Is. an encouraging increase In the
de1rNand for all textile goods even for
rottnns which have 80 long been SLOW
and though il H. but moderate there Is
nothing Of "A speculative character N
tI.lraste ions and Prices are iirniy held
Recorders for wDDlcns nave been rather
hattsr than were expected from clothlers
and rtirly good for dress goods.
Operations in spring grods are sun de-
ferF.d While mills are somewhat better
employed and are buying to some extern.
n Jsi OF the purchases OF wool are Tor
speculation. nearly tbiee-quarters beng
ni BDsion alOne and the aggregat. was
y ~ se0 pounds at the three chief market
Z SO 200 Of foreign wool Domo.7tic wool
II still held al relatively high prices at
the West.
rho uew demand for toots and shoes
does not Increase as much as was OK
perted and some large factories have
cioxs A for waut Ct orders. many others
running orly part OF the time. Actual
shtpfnsnts from Boston for three weeks
Il juno were smaller than In either OF
lac tast i've years. but only per cent.
mailer than In 1872.
Failures for the week have been PIG in
The limited States against 2i1 last year,
and "a in Canada against q last year