Daily Kennebec journal., 1900-06-09
DUN's REPORT.
No General Charge In Commercial Situation
Expo cted Until Alter Election.

New York, June 8.-R. G.. Dun &
Cos. Weekly Review OF Trade will say:
Failures, in May, prove little larger
than was expected, week ago. The
commercial list embraces 947. with la
blities of s23771,151, and only six
;unntn~ of the past eight have seen
.inisul,I liabilities as large. A single.
t,t.,.y brokerage failure accounted for
ta"re IMAM hair the whole amount, and
another rdIutt,u with it.drly 81 900, 900,
-u that ;ht few failures of that nature
ere about 50 per cent. of the aggre-
gate amount fOr the month,
The adjournment Of Congress. after
a useful session, the progress toward
peace in South Africa and the rapid
adjustment of prices here to a NOR"
natural level all tend to bring neare~
the day Of greater activity. But thHi
,a.,,r II ha- not been rapid and tn
rtyidinA # prices affects many only as
a re.,'t,rH cutting off part of th'
profits ,upppsed to have been secured.
rhe itlp rassion also grows that no ex-
'-Hsiy- hanCes in business are now
prGb.thlt until after the President :
,i,ctiun. aud the possibility of trouble
a. China has at least as definite an in
t'uepc.' IN American affairs as any
,hnnGn ~ South Africa. The unsettled
condition IF labor controversies, more
over. operates strongly for the time to
'uit expansion of domestic business.
Yet the volume Of business is so large
that few months of waiting need not
excite any apprehension. Anthracite
No. has declined $425 per ton. and.
III -. u
reduced its price at PittsburC "a 90 nn'
ton, and the Southern makers 81 n"t
ton.
The minor metals and coke are weak
er Wool has not declined further but
Is weak and in small demand. many
Of the mills having inadequate orders
for goods. Still more important is the
fall in cotton to SS1 cents. against 9.S1.
n,n.' = ago. which is also due in part
to restricted demand for goods at the
advanced price asked The statement
often made that all the textile mills
are running full time does not appear
accurate: the production is heavy, but
by no means full.
Hides have declined further this
week. both packer hides at Chicago
and dry hides here. and the decline In
this important material has been over
20 per cent, while in leather ii has not
averaged per cent. Shipments OF
boots and shoes. in June. thus far have
been smaller than in any year of the
past nine: compared with 1895. the de-
crease is nearly a quarter. and com
pared with last year it Is over one
e,vpnth.
hoo
.u th. United States. against 159, last
YEAR. and 10 in Canada against 10
last year.
New York. June S.-Bradstreets, to-
morrow. will say: Hot weather has
stimulated retail trade and rains have
helped crops in Canada. Fall orders
are reported coming in we'll and col
lections are better at Toronto. Cana
dian cotton mills are busy on home and
foreign account. Canadian banks have
done the best years business on rec
ord Vancouver and Victoria report 8
good BUSINESS on fall orders and tina
shipping is active At Halifax collec
tions are fair, but business is quiet
Canadian clearings for the week ag
gregate s32. .S20.949. a gain of 14.' pc
cent over last week, but a decrease o
l per cent. from last year Business
failures for the week number 20
against 10 in this week. a year ago
There were Sc failures in Canada, il
May. involving s931. $50 of liabilities. al
increase of 13 per cent. in number am
of 75 per cent. in liabilities over tn
same month, u year ago.
The Colorado Democratic state con