Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-06-24
DUN'S REPORT.
IA Turn for the Better in
The Great Staples.
Business Everywhere Expands--Bank
Clearings Gain AZ Per Cent.
Demand for Iron Products Continues
and Shoe Demand Large.

New York, June Pr G.. Dun &
| Cos. Weekly Review of Trade. tomor-
row, will say: In the great staples
there IS turn for the better. Exports
OF wheat, flour included, for the week
have been 3,633,672 bushels against 81
60O,6 $50, last year. Corn exports also
continue large, 2.627, S66 bushels against
z,514, 123, last year. a sharp fall in cot
ton also encouraged exports. These are
facts which preceded orders for gold
exports, this week, and do not result
from them but show the prospect Of a
| larger outgo of merchandise in COM
! ing months.
Wheat receipts at the West l.. 600, 6S3
bushels, for the past three weeks
against 3,463,779, last year, show an ex-
traordinary movement from the farms
Tor the season, indicating no suspicion
there OF shortage. The fall of 2 cents
IN wheat and in cotton from 6.31 to 612
indicates that speculation based on the
hope Of short crops is growing weary.
With nothing to fear in foreign af-
fairs or finances, home business is ex-
panding in every direction. The in
crease in volume Of business shown by
bank clearn5s is 42.0 per cent. for the
week over last year. The textile indus
tries, for example, are much behind in
prices though woOlens are now steadily
rising. The goods are in much strong
er demand, and wool has advanced
from 1901 to 1876 cents for domestic.
taking the average Of 100 quotations
by Coates Bros. though the buying is
largely speculative.
In cotton goods the advance has been
small, and though business is excellent
the demand fairly matches the supply.
The advance in iron products has
gone 50 far that all speculation has
long ago been left behind. Producers
have been working for months on con
tracts far below current prices, so that
the actual average of receipts in May
reported by one furnace was $11.S5 per
ton. whereas $1603 was the average CT
quotations for that month.
Now the scarcity brings $3.50 for
anthracite No. l at Philadelphia, S1S.65
for bessemer at Pittsburg. local coke
selling for early delivery at $50 at Chi
cago, against SIS quoted although grey
forge Yields a little at Pittsburg.
bringing only SIG. Bars are stronger
ny S3 per ton at the East. though
iron is 81 per ton easier at~Pittsburg,
but difference of S5-per ton in favor
OF steel makes~~tfe demand for iron
larger.
lt-fs interesting that a 10000 ton or
der for plates for two American lines
70 be built by the Cramps has gone to
Chicago. Eastern works being too full.
orders for finished products show no
decrease in quantity and for most lines.
as for rails. are quite often refused,
speedy deliveries being impossible.
The boot and shoe manufacturers
shipped from Boston 1O6724 cases. last
week. nearly the greatest weeks ship
ment on record and 292 ,S27 in three
weeks. surpassed only by 294, sol in the
same week of 1895. The orders are I'M
usually large for this season and Job
bers generally are calling for anticipa-
ton Of their fall deliveries claiming
that their sales have been 40 to 60 per
cent. greater than last years
Failures for the week have been 17S
in the United States against 2S5. last
year, and IS in Canada against II. last
year.