Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-07-14
IMPROVEMENT IN DEmAKD
Is Bsing Noticed In Spite Of Usual Dulnsss Of
p. Summer Months.

New York, July l3.-Bradstreets tomor.
| row, will say: While trade is still of only
midsummer volume, the beginning of i'm.
provement in demand is apparently be.
coming visible By the publication of the
July government crop report the worst
has apparently become known as to the
situation and wheat and unquestionable
improvement since July has led to the
ual. has been exaggerated The month OF
June was notable for numerous and
heavy advances in many lines of agricul-
tural produce and so numerous were these
advances as to almost neutralize contin-
ued recessions in manufactured products,
the result being a virtual check to the
long continued downward tendency OF
prices generally.
ready to an enlarging trade in those sec
tons where winter wheat yields have
been large. while in the Northwest crop
observers apnear to have been surprised
able weather conditions. AS before stat
ed, the Improvement is still one of tone
rather than of actual demand, but with.
as seems probable, IA yield of $40, 600 OOJ
breaking yield of corn and very large
production of oats. the Western crop sit
uation contains many encouraging feat
ures. The Southern cotton crop has un-
doubtedly suffered and the condition is
unprecedentedly low for this season of
the year, but the acreage planted was Il
large one, and prices are so much higher
that 4 satisfactory financial return is
confidently looked for. In addition, rail
road earnings point to the maintenance Of
the business OF the country at a volume
in excess of last year.
The effort of the big iron and steel con-
Germs to control prices if really made,
has proven abortive and another whole
sale slaShing of quotations Is to be re-
ported. this week. Production is falling
off. Prices have apparently been cut to
hone
many other products are considerably
below quotations of a year ago.
The situation in cotton goods is an en-
barrassing one for the manufacturers.
Raw cotton, old crop, this week reached
the highest price in 10 years. Export
trade with China has been checked. sew
eral mills have shut down and short time
during the summer has been practically
agreed upon by the Fall River print cloth
mills.
A rather better tone is noted in the dry
trial situation is rather better. Lower
prices for lumber are apparently induc
ing more activity in building.
Wheat and flour prices are slightly
ceptionally good demand and is at the
highest price reached for years. Hog
products are in rather slack demand. Su-
gar has been again advanced and refined
now sells at cents per pound. the high
est price reached in nine years.
The advance in wheat prices in June.
based on crop damage. evidently proved
attractive to holders. because stocks in
the United States and Canada on July l
We're unchanged from the month before.
Bank clearings for the week aggregate
81, 525 $40 600 a decrease of per cent. from
last week and of ZIG per cent. from this
week. a year ago.
Gross receipts of 10I railroads for the
month of June aggregate SiS. .99S. an in
crease of "a per cent. over June. year
ago.
Wheat. including -four shipments for
the week aggregate 2,S29.9O bushels,
against 3,0lS. s32 bushels last week. 3,263. SIS
bushels in the corresponding week of 1899.
Corn exports for the week aggregate A.
02206s bushels. against 3,614,2l4 bushels.
last week. 1853 1888 bushels In this week,
a year ago.
Canadian crop conditions have been i'm
proved by rains. Toronto reports that
Manitoba will have hail wheat crop, or
Is 0vc, SO bushels. and the Northwest Ter
provement in crops has caused more
cheerful feeling and fall business is
good as expected.
Montreal reports country buyers eau
tious with some better inquiry for dry
goods and the general outlook cheerful,
though not as GOOD as last year Bush
ness is better in the Maritime provinces.
Bank clearings for the week aggregate
$780, AL ,450 a gain of q per cent. over last
week and an increase of 12.1 per cent.
over this week d year ago. Business fail
ures for the week number %. as COM
pared with %, last week. q in this week IA
year ago IS in 1898, 80 in 1897 and SO in
1896