Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-09-17
Oum's WEEKLY REPORT.
Nearly All Branches Of Business Bsneftias
BY Closing Of War.

New York, Sept. 16.-R. u. Dun 4
Co.'S. weekly review OF trade, tomor-
row, will say business is passing wei
through the difficulties that attend the
winding up of war, which are gen.
orally greater than those involved
while war is in progress. The rush OF
orders kept back while war lasted. by
those who thought it shrewd not ia
take any chances, has lifted prices a
little and caused larger demand for
the time can continue but though 1t
has passed. there is ample evidence
that the consuming demand is very
large.
Wheat has come forward much more
freely, and the price has advanced
cents. 1t is supposed that the ad-
vance is largely due to the milling de-
mand coming up on narrow supply.
Widely differing accounts of foreign
supplies and demands do not explain
the market. but it may be noticed that
a large -four contract has been closed,
at Seattle. for Russia.
The slight yielding in corn was due
rather to the government report than
to any change in movement, which has
With the starting of IS furnaces. idle
a month ago. partly not included as
yet. the weekly output, Sept. 1. was
2l3,043 tons against 206.777, August /.
and the decrease in stocks against a
consumption, but little below 1000. 900
tons, per month. Structural work is
the heaviest ever known at Pittsburg
bar mills and plate mills are every
where crowdedp The demand for pipe
is the largest for long time and also
for boiler tubes, and the sheet mills
are crowded, while the foundry con-
sumption is heavy and the rail mills
are not yet ready to accept orders
which they cannot deliver for months,
being engaged far ahead. Southern
pig has been sold for export, 10000 tons
in all, including $1,000 to Scotland. and
orders for $1,000 more have been re-
fused. Tin is quiet at 1906 cents and
lead at cents. with copper strong at
1914 and spelter at $50. in spite of
sensational rise at London. Heavy
sales ahead have blocked the project
for tin plate trust, at present.
Important cotton mills have stopped
and print cloths sold $2O6 with other
cotton goods unyielding. but sheap
material hinders operations for those
who have to sell goods made from
higher priced cotton. Wooden mills
represent rather better orders although
more machinery is idle, those who
have not old wool bidding much below
the current prices, which are so far
maintained that sales. for two weeks,
have been only 6.C33, 800 pounds against
3S.629.4OO. last year. and 17,O15. 100, in
the same weeks of 1892. 1t is worthy
of notice that $4,000 pounds of Aus
tralian wool was sold at Boston for
shipment to Europe.
In boots and shoes progress Of the
manufacture is also stopped by the
dear material and dealers are buying
as little as they can. but prices of
leather do not change and hides are
slightly stronger. with reports OF
scarcity at Chicago. .aa A
The returns of foreign trade show
S3S429,?5O excess of exports over i'm
ports IN August. against SAC, 92O, AS, un-
der the extraordinary conditions a
year ago. with the biggest export
movement ever known in August. -
Failures, for the week, ia in tho
United States against 2O4, last wear.
and % in Canada against 40. last year.