Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-08-06
uun's REPORT.
Prospects Of an Early Peace Stimulates Many
Kinds d Business.

New York, Aug. 5-R. G. Dun & Co.'S
weekly review of trade will say, to-
morrow: The July failures were in
number fewer this year than in any of
four preceding years, and the amount
OF liabilities smaller than in any year
except the last when July failures were
the smallest in any month on record.
Prospects of peace stimulate many
kinds Of business. Most industrial
works have resumed after a shorter va
cation, with fewer participating than
usual A few labor troubles only call
attention to the fact that this season
has been remarkably free from such
hindrances
In spite Of a promise of 10000, 900
bushels of wheat crop, the price is 2ia
cents higher for the week. Corn eX-
ports for the week have been only L.
734,474 bushels against 2.725,090 last
year, though the price has scarcely de-
clined. Cotton is unchanged and crops
advices are so favorable that with
acreage not quite half of l per cent
smalled than last year. some expect
crop nearly 100000 bales larger
With all commercial and foreign mill
stocks 100000 larger than a year ago,
and American mill stock also larger to
an unknown extent. the crop really
foreshadowed cannot be consumed
without a revolution in the worlds de-
mand for goods
A rather better demand for staple
cotton goods does not relieve the over
production in print cloths and goods
are practically unchanged in price.
Western stiffness in holding wool, AMI
the England wool paper drifting this
way and largely refused, indicate an
other attempt to tire out the manu-
facturers, who are actually offering for
worsted wool to cents below asking
prices, and buying scarcely any Sales
at the three chief markets amount t.
4,SS6,6O0 pounds for the week against
12,O52, 800 last year. and 1921. 700 IN
1892. Coates Bros. 100 quotations aver
age 1880 per cent. against 1872. July
LIST The opening of light weight wool
en- goods shows a disposition to avoid
direct comparison with previous styles
with advances.
The opening of light weight wooden
goods shows disposition to avoid di-
rect comparison With previous styles.
with more advances estimated at -
to 10 per cent. where comparison is
possible. and there is no evidence as
yet how the market Will meet it. Sew
eral mills have closed for the time
rather than pay prices asked for wool.
The iron manufacture has nearly if
not quite resumed its full production
except in the valleys. where bessemer
producers are closing in turn under
agreement to force prices upward.
The actual shipment of boots and
shoes for the year thus far are slightly
larger than in any previous year to
date. but only slightly exceeding those
of 1895. Sales of leather are very
small but holders are stiff.
Failures for the week have been 1873
in the United States against 231 last
year and q in Canada against 80 last
year.
r. G. Dun & Co.. in their weekly re-
view, will say of Canadian trade: St
John reports trade no more active
than ii has been, but fair for the time
of year, with collections slow. Halifax
reports decrease in the volume o.
business, although promising crops in
dictate an average autumn trade anj
the collections show a slight improve
ment. Montreal reports that the fourth
was a heavy day for retail dry goods
settlements of which a good proportion
was met and general remttances ar
satisfactory. Crop prospects have sci
dom been better Money is easy.