Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-05-22
AmAaxeo ImpRoyEmeNT
BeIno Noticed In The Great Business Indus.
tries 81 The County.

| New York, May FIR. G.. Dun & Co
| in their weekly review of trade viii
say: Unmistakeable evidence of i'm
proyement comes in the general in
crease of commercial loans. Western
wheat receipts exceed last years fol-
the week, 1854. 1863 bushels against 1.
| 1888, 1856, and Atlantic exports were L.
GIG. S13 bushels, flour included against
/, 302, 491 last year, and for three weeks
4.77s,722 against 3,3s5,910. last year.
Western receipts of corn were 1855. G77
bushels, against 1855 and Atlantic
exports, 2,18S.825, against 1908, 74S last
year, Notwithstanding the enormous in
crease hitherto. Wheat again cheated
hopeful buyers and fell nearly cents,
closing 3Is lower for the week.
Corn was a shade weaker. Cotton
once more hopefully advanced 10 ~
cents. but fell back to TX with poor
support here or abroad. Both the vol
ume of stocks and the condition of do
nestle and foreign markets for goods
hinder advance, and later acreage re-
ports are better.
The iron industry has quite an in
crease in new business, though not in
all branches. From sales of copper,
said to be nearly 10000, 900 pounds have
stiffened the price of 1lh for Lake, and
tin rose to 1917 cents in spite Of large
arrivals. though lead was weaker at
1925 and tin plates at $3.50. Coke is
also a shade lower.
A general yielding in prices. though
averaging only about 2ls cents per pair,
has materially improved trade in boots
and shoes, and factories in women's
shoes have orders for some time ahead
while there Is better demand for
mems shoes which are offered at little
advance over last year. Hides and
leather were unusually high, a yea
ago. hut comparing with 10 years ago.
hides are now 8 per cent higher leather
II per cent lower. ana boots and shoes
Il per cent lower. Hides have adj
vanced about ! per cent. at Chicago.
Sales Of wool have decreased. though
still greater than when all the mills
were busy, but manufacturers are do
ing scarcely anything. Western hold
ers begin to offer al to ~ cents lower
than Of late. Wooden goods are dull
but prices are firm. Cotton goods are
without change in prices. print cloths
are still at the lowest on record and tbs
demand is stan indifferent. with talk Of
temporary closing of mills at the South.
Failures for the week have been PAS
IN the United States against 227 last
year and % in Canada against IS last
year.
r. G. Dun & Co. in their review of
Canadian trade viii say: The Canadian
trade has not gained satisfactorily.
having been retarded in some sections
by unfavorabie weather. Scarcely re-
port except from Winnipeg. has no dis
couragIng feature. although the condi-
ton Is regarded as temporary. AT st.
John a backward spring and unfavor
able weather retard business. which l.
barely average and at Halifax not be-
yond verage for this season, though
collections are fair. Montreal finds the
growth of business slow and the dis
tribution only moderate. while coliec-
tons are slow. Toronto notes no par
tieuIar activity and unfavorable
weather. with a very dull market. AT
Winnipeg trade is fairly satisfactory.
collections improved and c,earings arr
much larger than year ago. Victoria
reports slight decrease and apart
from canning supplies. for which the
demand is larger, this year, business
is quiet.