Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-08-14
UPWARD RUSH
Of Business UnmistakabIe
All Over the Country.
Largest Estimate Of Probable Sup
plies Not Too Great
For Possible Demand improvement Steady
While Speculation is Flishty.

New York, Aug. 13.-R. G. Dun d
GO S. weekly review of trade tomorrow,
viii say: Every city reported this week,
notes increase in trade, and nearly all
bright crop prospects. The great change
In business is emphasized by the pres
ence Of a multitude of buyers from all
parts of the country, by their state
ments Of the situation at their homes.
and more forcibly yet by the heavy
purchases they are making. But the
customary signs of prosperity are not
lacking. The strong rise in stocks, the
growth of bank clearings and railroad
earnings, the heavy speculation in
many products, but most of all in
wheat, have made the week one of
surpassing interest even to those who
best remember the upwar, rush in 1879
The great crop and the haste of for
eigners to buy and ship wheat in view
Of shortage elsewhere have made the
week memorable, taking of profits by
pool lowered the price 8 cents on Sat
urday, but it has since risen ) cents.
Western receipts slow in July, have in
two weeks been 7,395.I31 bushels,
against 5,122 362 last year. and Atlantic
exports. flour included, have been in the
same two weeks 6.114.031 bushels
against 3,3s4.313 last year.
Even the demand for corn, by greatly
exceeding last years, shows that for
eign anxieties are serious, for $50, $50
bushels have been exported in the two
weeks from the Atlantic ports against
2,2J1, 25S last year.
The urgency of French buying Of
wheat reports that Russia will stop eX-
ports i'll order to keep supplies for itself
and continued shipments from the
Pacific to countries usually having a
surplus, make even the largest esti-
mate of probable supplies not too great
for the possible demand.
In all the great industries large de-
mand for products appears. with strong
speculation in materials and interme-
date products.
Sales of tin are moderate, of copper
TO American consumers large, il is said.
at IL cents for lake. and of lead at
3.2Ii2 cents with speculative realizing
but heavy sales of tin plates are bring
ing slightly better prices.
The speculation in hides has again
raised the average of prices at Chicago
t'''s PVi tCiil III spitt vi oiiiGidl IT,
turns showing receipts of 3.022 lbs head
OF cattle in seven months at the four
chief Western markets against 2,S76,437
last year. Holders of leather are stiff
fened. although buying is only for i'm
mediate use and contracts for spring
boots and shoes are few, buyers hesi-
tating and manufacturers also to COM
NIT themselves far ahead But rela-
lively large orders for immediate use
Keep the works busy, and present ship
ments, small than in the first half of
august in either of the pastthree years,
reflect past but not present buying All
textile industries are encouraged by a
greatly improved demand for goods.
which causes many to advance in price.
With production much curtailed stocks
OF cotton goods are rapidly decreasing.
and in woolens advances have been
made in clay worsteds and mixtures.
iannels and middlecex suitings.
Speculation in wool continues. with
prices about 1 cent higher. but sales of
~. 499, 800 pounds in two weeks show
the Willingness of some holders to rca-
lie. Failures for the week have been
239 in the United States against POS last
year, and so in Canada against sc last
year