Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-07-31
DuN's REPORT.
Everywhere Business Is Reported Better With
Best Of Crop Prospects.


New York, July 30.-R. G.. Dun & Co.
IN their weekly review wlll say: Dis
patches from almost every Northern
city OF Importance report without OK
ception Improvement in business am
from Detroit to Seattle and Portland.
splendid crop prospects. The task of
adjusting the business industries of the
country to conditions created by new
law has progressed with gratifying
rapidity and ease. Some confusion Is
caused by events seemingly contradlc-
tory by closing of large cotton mills
Wnen many others are advancing. but
the balance is Enthusiastically ON the
right side
The most important event since the
passage of the new tariff which was
generally anticipated week ago, has
been the marked increase in foreign
demand and advance in price for
wheat, which has risen Az cents durins
the week with Western receipts for the
first time exceeding last years, ana
Western railroads beseiged for cars
and with Atlantic exports of LIS. 13S
bushels, flour included, for the week
and 6.35i,l7S bushels in four weeks
against 6.9l7, S65 last year. With
heavy contracts for shipment, exceed
ing 100000 bushels ON a single dan
Liverpool reports of shipment from
America to northern Bohemia and
French markets excited speculative
sales here have little influence. With
crop news Still favora BILE as our West
ern dispatches show, producers may
probably realize something like $50, 00o :
600 more than last year on wheat which
means a great difference in purchases
| by agricultural states. Corn also al
vanced 1.25 cents and cotton a six
teenth. though reports as to yield are
good.
The industrial sky is partly over
clouded by coal and iron difficulties ana
by the closing of some large cotton
mills. Having run for months far
ahead of consuming demand. on cot
ton bought at comparatively hGl
prices, the mills see ahead a large crop
and cheap cotton. and ii is but the ra-
tional way to halt production, clear off
accumulated stock at the season when
vacations are common, and begin TIA
new year on its own basis.
The wooden manufacturer answers
wholesomely and moderately to new
tariff conditions and while opening Of
! light weights below about 81 it has met
very encouraging demand the ad-
vance in prices asked is not large
With very heavy stocks OF free wool on
hand, manufacturers are able and in
the presence of large stocks of foreign
/ goods are obliged TO engage for thu
next season without advancing prices
in proportion to the rise in wool ard
| large contracts of that nature have
/ already been made. Selling of woGl
AZ Boston where the speculation has
| been most active, is suggestive
amounting to s,S4S 900 pounds for the
| week
| Delayed purchases Of boots and shoes
! now crowd the works and shipments
| in July, not 1000 eases larger than last
! last year, and not 6 per cent. less than
! in 1885 are larger than in any previous
year.
Failures for the week have been 236
| in the United States against PSI last
| year. and rs in Canada against 10 last
| year.
Il. g. Dun & Co. will say of Cana
! dian trade: Reports of Canadian trade
/ Indicate no change of importance ex
cept in the western region. At St
John there is no general Improvement
/ and the lumber market has declined
| in England, growing out of the heavy
months, Montreal reports no note
| worthy change in trade, with money
easier and the general rate on call loans
3Ia per cent. At Toronto heavy rains
have affected trade and the grain
crops, and the shipments of WOOL hides
| and lumber to the United States have
ceased since the Dingley tariff went
/ into operation. Remittances are fair.
Wholesale trade at Winnipeg is fairly
active in all lines, and railway con-
! struetion. together with the erection of
a large number of new elevators, favor
| ably affect the lumber trade and gen
! there is marked activity in business,
| especially in provisions, hardware and
| clothing, for Quitting miners.
Two steamers for the Klondyke re-
gion cleared on the 30th. carrying about
400 passengers, with half as many tons
of freight