Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-07-10
3. 9. DuE's aEpoRf.
while the Business imprevsmsatls slew ii
Certainly b Sure.

New York, July 9.-R. G. Dun & ca.
In their weekly review OF trade. viii
say: The analysis Of failures for tha
half year, 6937 in number, with liabit-
tiles amounting to $lv9. 1852, 1874. shows
that commercial failures were smaller
than last year by nearly $4,000. 0OO
although failures of brokers and agents
were larger by sl,lOO,0OO, ana mann.
featuring failures by $3,S0O0OO.
But the manufacturing return would
have been much the smallest for four
years but for a few cotton failures AZ
New Bedford and decrease appears in
most other branches.
The trading failures are smaller than
in the first half three previous Years.
In spite of few failures, attributed In
court proceedings to misconduct. th..
tendency in most branches Is toward
Improvement.
Tin Is stronger at 14.1O cents, without
concessions and copper. with a large
export demand, at 11.12 cents For lake,
while in lead. sales of 1000 tons or more
leave the price about 81 cents.
The cotton mills have a steady and
increasing demand, and the quotation
VI oPihndS ocStl advanced
a sixteenth, aided by speculative
strength on reports of damage to the
crop, especially in Texas and Arkansas.
The wooden mills are getting decided
ly more orders for fall wants, and be-
ginning hopefully on spring goods, but
are cautious in contracts for future de-
livery. Some have made large pur-
chases of wool, but by far the greater
part of the sales, which amounted to
IA. 120, 900 pounds at the three chief mar
kets for the week, have been of spec
ulative character
The people who control the market for
hides at Chicago are pushing up prices
without limit. The ratio for our usual
quotations averages l26.3S. against 1906
a year ago, and recalls distinctly the ILL
fated boom in 1895, when the average on
the same basis rose to l5l.5O and then
fell about 40 per cent, to the crippling of
many establishments.
The accounts of scarcity are met by
cattle receipts at the four chief Western
markets, 2,570.S02 head in six months
against 240S.6Ss. last year.
Leather is saved from decline by the
hOisting of hides, and quotations do not
change. but the great shrinkage in de-
,mand for boots and shoes has closed q
considerable proportion of the shops and
CAUSED slight fall in some qualities.
puyciS are StHtIdlly utCilHlnk 10 pay
the advances held necessary to compen-
safe for the current prices of leather.
While the most cautious estima ties of
the wheat yield have been advanced that
of the Orange Judd Farmer to $40, OOO 900
bushels, prices have been lifted nearly
3A cents here. although Atlantic exports
-four included. were for the week l. 503 953
bushels, against 1.4lS.336. last year. The
prospect as to corn is growing more
cheerful with each week.
FlilllrpS for tho hn hao IN,
the United States, against 2l5 last year.
and 30 in Canada. against 50 last year.
r. G. Dun 4 Co. will say of Canadian
trade: Reports of Canadian trade indi-
cate mo especial change. and much of the
usual midsummer quietude already pre-
wills. but on the whole business is fair
for the season.
At ST. John there Is noticed very fair
country collections and lumber ship
ments. so far largely in excess of last
years, with very encouraging reports
from English markets and quite active
trade.
Halifax also reports much activity in
exports of deals and HOLSTERS, though the
fish business shows no material improve
ment and the trade is generally quiet
with collections only fair
At Quebec the extreme heat is favorable
for growing crops but has a depressing
effect upon trade.
Montreal reports Il quiet midsummer
trade. without special feature and an
easier money market with round lots of
call money obtaindble at 3la per cent.
Toronto reports that the sorting-up or
ders in dry goods are large. and general
wholesale trade is fairly good. with re-
mfttances fair. Grain prospects are good.
REPORTS at Winnipeg show excellent
weather for crops. and a fair volume of
trade in all lines. although collections
are rather slow.
More activity at Victoria is reported in
Wholesale grocery and dry goods houses.
with decided Improvement, but in other
lines trade continues slow. especially at
retail, and collections are poor.