Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-04-21
TRADE REPORT.
An Alleged Over supply OF
Iron and Steel.
Exports Continue Strong Increased
Trade on the Pacific Coast
Bank Clearing Effected BY Holiday Osser-
yances- Railroad Earnings Heavy.


less regularity in trade and price stu
ation is 10 be noted, this week, partly !
- result Of weather conditions, but
partly. as in the case of the iron ard
steel trade, because of the continuance
Of the efforts in the direction of lower
Dicres. That the basic conditions of
trade remain on the whole favorable,
is however evidenced by n number of
features Railroad earnings continue
heavy and the decrease noted in bank
cIcarincs is chargeable largely to re-
Iig.ous and other holiday observances
and to restricted stock speculation.
The bear campaiGI. II non and steel
took on a new phase. this week, when
4 number Of wire mills We're shut down,
as alleged. because of an oNer-supply
Of these goods Criticism of the action
of the wire people has not been cOnfin-
ed to the stock market upon which.
however. the chief effect has been ex-
crciscl The claim is made that large
stocks Of wire exists. mainly in pro-
duccrs' hands, and that jobbers and
retailers stocks have been followed by
abnormally high prices. The an
nouncemcnt, however, has had an UNI
settling effect upon general demand
ana new domestic business is interfer
Cd with.
The strength of the export demand,
however is still a feature. The order
for steel for the new underground rail
way enterprise in New York for 10000
tons was placed. this week, it is claim
"a. at prices very close t. current quo
tations. Price changes are mostly
,n+a1 thpllpb
some sympa thetic Weakening Of pig
iron is reported. Wire prices appar-
entity unchanged. Steel billets are
weak at the decline reported, last week.
and bare steel and plates are likewise
lower. The strength Of the raw ma
t"rials. particularly coal, coke and ore
and the recent advances in wages are
expected II prevent anything like a
perpendicular drop in values.
For the fist week Of April. the earn
ings Of i railroads amounted to $S.190.-
go or rs per cent. larger than in the
same week. year ago. while for the
second week Of April. II roads report
,arnings Of $5.67S0c0, a gain of 11.$
over 1899. Mt ,aruirSs coming to hand
are likewise very favorable.
1t has been weather market for
the cereals ana most agricultural pro-
1ucts those advancing early ~ tbn
week, but weakening toward the close.
The strength of pork products ana the
small movement has stimulated corn,
and there is less weakness in this than
in the ether cereals. Wheat crop pros
p'ClS continue good II tht sectors
IoIIiirIlH TSP 'itiiS ldN dplc cohdi-
: MI ic.
= ~ dld SP-IHs "Hta' SseHlIlS = S'lnS
i'I VII 9''iSia' l'i ny III my -N"I IN
west Sunny Nt"''!ei an" Ho'uru
WAGER c'uiS SIS al ''l' = u, IL nav clit'h-
ca OF Ieldr''d COTTON piditiiIS' Whiie
'I' iuITl"eSs ~ u'H S"ous "Hd 'iic
"V"Nl-VHH i'"'or !" 'o''ol' n II nav
p'oii 'iui'i'""'tS N'9' ~ "-''"7 1T
'"i'S' : n'INS ii'ci ef's' III ti'c 9i'ii'ult
'P"c''H ~ ti'e 'l'"tiS' P'l icul"lIS At
..tt,- 49, -, W =.
,,.,,- t,,,t t,.i,,, ,,,,,,.e ;,,,,Ii,.,.
a,I ,...,.'ti,.nf,. bi.,hast ,,ricas ,,,i, Il
,nints II ,,,,drction favnrahIa Vii
I'LL, ;,,,,1,,,.,r,,a,,+ ,ntaI i, s.I,,,e,
h,.,pchas ~ 't ~, hn,t AHA sbon +radn
..,,,,,,.iiI, 49, ~, '.I;@r,,+ ,,,-l,i,,.
si,,-,.,, j., A., ,,.;l,l ~ s,,,ra ~,
,,.oI, ,,.t,;1 r,f;,,l1 ,,,a,.I-l+
unchar,r.5
- i'uE'H lil' peSt trl''' lep'rts'
inns "eeh' c"lile II yin tilc "ciic co"St'
""'i Er"eIdl BUSINESS mas lHipr"Ned
"''" Alaskan ana NSiaIlc puSlhcsS Is IN
'IcdSllS.
y "du Spot II louhu IN iocai trade at
'hlc1Go. me building strike IN that
Guy IS now IN ITS llth week. Special
~ S'od reports as to the statistical
-, VI ','I - o'i u ''''c '''ii' from
ioi'' ''c reported,
$500 ."Ip' WIS a. q hummer -
Till. ,,vnaa+,tiot,. ,,,t1,. I'LL ,.,,.
j ,ot1,ar ,,,,e,.i.raa+a.,, ,,.;,4
horinor ,a,sa,, a,1 ,,t,, i,oaa,..I-, |
+1,o .o.i,.it,. - ta,,,,,ii,er e,.D.il VI
h''ler less demand LOT cotton goods
= holeu AZ some southern centres.
Nool i easier at Phlladelphla and at
foStoll' put az the latter market man
ulactuferS are SAID 70 ne making
M re inquiry. AT New Nork retail dis
UIpulloh Is improving.
Bank clcarings in the United States
for the week. reflect numerous HOLIDAYS