Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-07-28
BRADsTRtEIs REPORT.
No Important Changes in Trade Conditions
Bnt Situation is Irregular.

! New York. July 27.-Bradstreet's. to-
morrow. will say: Important changes
in trade and speculation are notably
lacking, this week. but counter cur
rents OF demand il various sections and
industries lend rather more than
usually Irregular appealance to the
general situation. Among the favora-
bic features calling for notice are the
practical assurance of an immense
corn corp by the recent copious rains
IN the further West the continued
cheerful reports from the sections
which have gathered and are now mar
keting large winter wheat crop, add
vices Of continued Improvement in tone
in the Northwest. with reports of re-
neWals of earlier-cancelled orders for
fall goods. fairly satisfactory gains in
gross railways earnings. less weakness
in prices Of the country 'ssIeading cereal
products. based apparently on renew
ed buying for export. and rather more
inquiry for raw wool by manufacture
ers.
tnfaVorable elements in trade prob
ably find their chief and greatest expo
Sltlon IN the iron and steel business
That industry is, if possible. more de-
pressed than at any time for three
years past. Among other metals tin is
locally lower on freer arrivals. after
touching the highest price in - years.
Trade in dry goods at the East par
ticularly seems backward pending a
clearer realization of the cotton goods
situation. Bleached goods have been
reduced. but gray goods and brown
- CT u =
of the Chinese imbroglio are not as vet
inreseen IN the finished product or in
the market for the raw product which
latter remains firm at about the high
est price paid in 10 years because of
the cornering Of the remaining supply.
Some re-seiling Of their raw cotton by
Eastern mills for export is reported.
The opening of the next seasons de-
mand is awaited with apparent conf
dence hy dry goods jpbbers and com
mission men and rather more inouiry
for wool at Eastern markets is a sign
81 manufacturers getting for the light
weight season
Bank clearings are the smallest for
many weeks. the liGhtest in fact with one
eNGeptlg , since February, aggregatins
only Sl.;iil l5j.iio, a decrease Of . per cent
from last week and of 10 per cent from
this week. a year ago.
business failures number 1S3. as com
pared with 2u2. last week. ana 40 in this
week, a year ago.
Third week of July gross receipts of Is
roads Will aggregate $3.50. $50 a gain of
81 per cent. over year go.
Signs of fall trade expansion are most
marked in the section west of the MisSis-
sippi and east of the Rockies.
Wheat including flour. shipments for
the week. aggregate 1868, ll3 blshel 81,
against 3,025.3Si bushels last week. and
3.356. 432 bushels in the corresponding week
of 1880. Corn exports for the week aggre-
gate 3,26l 40. against i,1S2. l59 bushels last
week and 3,10u,320 bushels in this week
year ago.
Seasonable summer activity is reported
in Canadian trade and manufacturers are
well supplied with orders Prices are
fairly well held. Another advance in re-
fined sugar is said to have operated as Il
check to retail distribution of that
product. Trade is good at Halifax and
collections are better. Great activity in
Canadian numbering has resulted from
the new export law. Bank clearings at
six cities aggregate $50. f5t3 Ii. a decrease
of 3.3 per cent. from last week, but Il
gain of per cent. over last year Cana
dian failures number 10, as against IS,
last week, and 16 in this week of last
year.