Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-08-17
IMPROVEMENT
Noticed in Tone and Demand
in Trade Circles.
Heavy Wheat Shipments and Increase
in Railroad Earnings.
The Cotton Crop Looking Well Corn and Oats
Both Advance.


morrow, VIII say: An improvement
alike in tone and in demand is noted
III tl"Ae ,Ircie,. while the most opt,-
hiistlc reports come from the North
west Several large markets in the
corn belt send more cheerful reports.
Weather and crop conditions in the
Northwest stimulate jobbing demand
in nearly all lines. Southern trade ad-
vices arc marred by damages inflicted
by the severe storm. Timely rains
have improved cotton in the Nissis-
sippi valley and advices from the
south Atlantic states are of a heavy
yield.
Hallway gross earnings for the first
week OF August show a gain Of ia
rcr cent. over last year. The export
movement in wheat continues heavy.
more than omsetting large decreases in
shipments of corn. and this feature
with decreases in supplies, Cue To the
falling off IL the first rush Of winter
wheat to market has constituted a
supporting element and resulted in adj
vanccS. Corn prices reached the top
again, this week, on a government
crop indication OF 400. 900 coo bushels.
and oats gained on further reduc-
ton of estimates.
In textiles the talk Of Il strike with
the necessary curtailcd production. has
not strengthened print cloths, which
are 3-l6 cent lower ON the week.
Wooden goods appear to 10 Dettcr stu
atcd than those If cotton, and in raw
products the low ana fine grades Of
vi n n
ward. while raw cotton is without
change.
Wheat, including flour exports for
the week aggregate 3.U%a. liI bushels.
as against $50. i99 bush, IS. last week.
Wheat exports. July To date. aEErc-
gate ii.079,J5. bushels. as against l9,-
~. a9e. las. season. corn exports ag-
Ilcgatr 1n> >n1 bush, Is, as against $500.
III, last week. July ! - date. exports
are 9.231.liS bushels, a. against g.
6I6.3ia. last season.
Stock market prices improved, this
week. and We're not materially affected
by the extension Or the steel strike 70
Illinois.
Bank clcarngs for the week aggrc-
gated $1.6;5 .129. 800, a decrease Of - per
cent over this week a year ago.
business failures number 1iN, "5
against lS5. last week, 16S in this week.
year ago.
Trade activity in Canada is @! mod
crate proportions but the outlook If
regarded as favorable because IF good
crop reports from Manitoba and the
Northwest and the higher prices for
wheat. Mills and factories are busy
on orders and retailers expect Il liberal
fall and winter trade. Toronto reports
Canadian banks lending money III the
spring wheat sections OF the I nlte1
States.
Montreal reports some irrcEularlty
in the demand from jobberS OF dry
goods and clothing manufacturers re-
mort sales not 50 large as last year.
Groceries are active. as are hardware
and builders supplies. Collections are
good as whole.
Trade in the maritime provinces Is
fair and collections are up To the aN-
erare with the outlook satisfactory
Tho san Francisco strike has cauG"d
several coal mines in British Column
bia to shut down.
Failures for the week number -. as
against -. last week. ClearinGs loi
tho week aggregate So. .9?1. loss OF
nor cent from last week. but gam
of IS per cent. over this week year
ago.