Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-08-12
DUN'S REPORT.
Business After Remarkable
Season Slightly Hesitates.
Output of Iron Furnaces Very Large
---Shoe Shipments Increase.
Wheat Receipts Heavy Although Exports Make
Slight Decline.

New York, Aug. 11.-R. G.. Dun 81
Cos. Weekly Review of Trade, tomor-
row, will say: After great expansion
business hesitates. This year ii Is as
| tonshing thattthe hesitation has been
50 slight. In one branch after an
other buying has halted, only to be
followed by larger buying. The week
ly output of the iron furnaces in blast,
Aug. /. was 2G9, O32 tons, 6S per cent.
more than in 1892 and q per cent. more
than last year. With a decrease Of 21,-
367 tons in unsold stocks, nearly held
in charcoal iron. the apparent con-
sumption and experts do not exceed
] 210, 744 tons. which barely equals the
lowest report of production, Aug. l,
and other furnaces have started since
that date with several to follow.
The supply appears to be at least
equal to the demand, although new de-
mands for the week have covered POO
tons for new buildings at Chicago,
with much for bridges and 400 tons for
Eastern buildings at Pittsburg. In
bars. both East and West. the mills
are unable to take all orders offered,
nor in plates can they take all orders
anywhere, while in sheets the Western
mills are Oyercrowded though the
Eastern demand is lighter.
The Connellsville coke output is
again 1856 tons for the week with
only $50 ovens idle, and prices I'M
changed.
Sole leather has slightly advanced
with bun and split. but the convention
Of boot and shoe manufacturers pro-
pose To advance prices, though with
out definite authority. The shipments
from Boston have been 1857 cases
Tor the week. 3i.s per cent. larger than
last year and BOA per cent. larger than
in the largest previous years. New
orders are now in some line larger
than the works can accept though in
many others more moderate and not
exceeding half the output. Chicago re-
ports hides slightly lower for packers.
but a shade higher for country buff
and heavy cows.
Cotton has risen SIS owing to crop
reports, but nobody believes that the
years production. with the heavy
stocks carried over, will fall below the
requirements for consumption. The
demand for goods is enough to cover
a heavy consumption Of cotton, but
does not appear To be gaining. Its
great rise and inside quotations are
sometimes accepted. but sales at the
three chief markets have been 20 20G $50
pounds in two weeks. against % 499. 500
in the same weeks of 1892.
a considerable advance in worsted
goods ana others controlled by the
American Wooden 30. encourages the
belief that the prices now obtained for
the material may be- held.
Wheat receipts at the West have
been S.652.519 bushels in two weeks
against 5,6i5, 800 bushels, last year, |
making it hard to believe the unfaYor- |
able crop estimates which still come |
forward from official and unofficial |
sources. The exports have slackened. |
to only 6269.133 bushels, |
flour included. from Atlantic ports. |
against 5.9453l1. last year, and from
Pacific ports 100000 bushels against |
S2+ l55, last year. other exports being |
49,. 2SS bushels.
Corn exports We're in two weeks
1915. 500 bushels against 4,143, 1865. last
year but receipts continue enormous,
in two weeks S.S39.9l1 bushels against
g. 479,116. last year.
Failures for the week have been 136
in the United States against 1876, last
year. and 29 in Canada against IS, last
year.