Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-03-25
Daily kennebec Journal.
DUM's REPORT.


New York, March PAR. G.. Dun &
Cos. Weekly Review of Trade, tomor-
row, will say: Business was not fright
ened either by the great capitalization
of new companies or by the wild fluc-
tuatiOns in Wall street. No matter
how much the stock operations in New
York may count, business elsewhere is
large enough to warrant a wonderful
expansion of industries. In no consid-
cradle branch has production diminish
ed, but in practically all it has been in
creasing during the past week.
In iron and steel a little lower price
for bessemer pig appears at PittSburg,
but with grey forge 75cents higher there
and Southern iron at Chicago so cents
to 81 higher.
Plate mills are all full and there is
heavy demand at Chicago for bars.
The minor metals are all weaker with
the reaction of London speculation.
though copper has declined to II cents
here and yet SO much above London that
exports have been stopped for the week.
The February output both here and in
other countries was greater than last
years monthly average,
Shipments of boots and shoes have
been 256,6S5 cases in the three weeks Of
March against 270,946, last year. Prices
of hides Weld a little at Chicago but
leather is being pushed up here for
union. SIS
Wool is at the doubling point with
large sales ordered from the interior
by tired holders. and some concessions
made to secure transactions at Phil2-
delpha and Boston though quotations
show only moderate decline, and sales
at the three chief markets are almost
as large as in 1892 The prospect of
combinations is potent to hinder trans
actions The goods are in rather bet
ter demand than a year ago. but no
large class of mills can claim to be
fully employed.
The demand for cotton goods is still
strong but this week has not mater
tally advanced prices. Cotton is de-
cjdedly weaker though many believe
that short supplies will in time ensure
higher prices, but mill and commercial
stocks are about 100000 bales larger
than last year abroad and mill stocks
here must be heavier because the mills
are buying very little. although crowd
ed with work, while the commercial
stocks here are quite large.
The wheat market is somewhat
stronger for. although Western re
CENTS for the week are 3,35g060, against
1887 ,665. last year. the export flour in
cIuded have been for the week from At
lantic ports 2.92O,476 bushels. against
1,So4569. last year. and from Pacii1t
ports, S24,1S:., against 1871 .S26. last year
other exports being .50,920 bushels II
is not possible to ignore the importance
of so great a demand extending beyond
the middle of March, and sober trad
crs realize that it means heavier out
60 than has yet been expected. west
crn crop estimates are large ana sucil
reports us appear of the condition 81
wheat for the coming year are on me
whole favorable. Prices are Us cents
higher than last week. while corn is "a
cents higher.
The market for cotton has been de-
cidedly weak, owing to somewhat bet
ter receipts at the South and also tc
convictions that stocks on hand arc
large enough to meet all demands
Failures for the week have been ~.
in the United States. against PSI. last
wear, and "a in Canada, against 81. last
year.