Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-09-01
WEEKLY TRADE REVIEW.
Favorable Weather For Spring Wheat
Harvest se.arded By Rains,

New York Aug. ar O. Duns
Weekly Review Of Trade tomorrow
will say;
| Commercial failures during August
| We're 735 in number. with liabilities ot
3, 323 900. Manufacturing We're ia for
| g g45 60. trading 5l9 for 33.5s5. 4s7. and
| other commercial ~ for s792. 629 There
We're only two banks with liabilities II
| sl45 600. This Is the best monthly
/ statement for 1900 thus far. but shows
an increase over the corresponding
month IN the two preceding years.
| Before the last twO years Of great
prosperity but one month is found since
| 1898 with smaller commercial liabilities
than August, 1900
Steel mills in the Cumberland dis
tricts ana some in Indiana shut down.
throwing out many hands. but part Of
these will be transferred to other de-
partment Of the new Cruicible Steel 90.
Another important influence OF the
week has been the favorable weather
for development Of corn over the great
er part ~ the surplus corn states,
though heavy rains in the spring
wheat region has retarded harvesting.
The cotton movement is slow and late,
except in the Carolinas. Price changes
are small.
Steady improvement is seen in the
iron market. II is not marked by large
advances, but wherever change occurs
il is in the right direction. Sales of
iron bars were made at $40 and SIG
is quoted for bessemer pig at Pitts
burg. Western stove manufacturers
have been buying freely. and more
bridge builders iron contracts for con-
structural material. Copper exports
average a million pounds per day and
the market is in strong position.
II is now possible to report progress
in the boot and shoe industryunless 1t
can be considered encouraging that
continued inactivity at the shops must
in time reduce stocks to point where
orders will mean resumption OF opera
tons
Shipments from Boston We're 11.2U
cases against 16,72l in the previous
week and 102.443. a year ago. Prices
We're generally reduced. mems satin
shoes reaching sl.12i2, which was the
price in January. 1899. There is gener-
al quiet at both cotton and wooden
mills. The only manufacturers show
ing any interest in wool at Boston are
those with government contracts that
must be filled promptly. Sales at the
three chief Eastern markets were only
4234. 700 pounds against 5.o62 500 in the
previous week and 6.32S. 700. a year agn.
Failures for the week were la IN
the United States. against al. last
year, and 70 in Canada against %, ist
year.
Canadian failures, during August, were
~ in numUer. with liabilities Of ST15.3I6 Of
which % were manufacturing concerns
for $3.50. iol and y trading concerns for
S5S1 ,S65. and two other commercial for
81 900. The total slightly exceeds that of
July. but there Were no banking defaults
which makes the return much more sat
isfactory than that OF the previous month,
when liabilities of financial failures were
almost equal to the entire amount OF
commercial indebtedness. No heavy fail
ures occurred III manufacturing and only
two in trading exceeded 100000 each. one
in wholesale millinery at London. one for
900. ana one in dry goods at Montreal
for Sl50.000 No failures were reported in
iron, tools. woolcnS, cottons. chemicals,
manufacturing classes. while in books and
hats of the traders there were no de-
faults.
New York. Aug. 51.-Busincss is gcner-
ally satisfactory throughout the Domin-
ION, except for SeaSona bic quiet in some
INES. shipments to the north are heavy
at British Columbia cities. st. ohm re-
ports more activity in millinery. groceries
and provisions. and collections fair. Bus
mess is good at Halifax and prospects for
fall trade encouraging. The annual ex-
hibition helps trade in millinery and dry
goods at Toronto and there is also no
ticed a good export demand in leather
Both wholesale and retail trade is fair az
Ottawa an0 collections good. Montreal
reports successful fail millinery openings
and a seasonable movement of dry goods
and groceries. although fall orders for
shoes are not up to expectations. Shoe
manufacturers are not busy at Quebec
but there Is activity in other lines. There
is moderate activity in leading lines at
Winnipeg but the outlook is not especially
encourag cling and collections are slow
Northern shipments continue heavy at
Vancouver and Victoria, but local bust
ness is slow.