Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-04-13
DECIDEDLY BETTER TONE
Is Shown 10 General Business and Increase Is
Everywhere Felt.

! New York. April i3.-R. E Dun & Co. !.
Weekly Review OF Trade. tomorrow. will
| say: The tone of general business has
| been better this week. Marked activity
| in the distribution Of mere handise is re-
ilcctcd in the gains of 49, per cent. il.
| bank clearings at New York, compared
with 1870, and COS per cent. over 1893.
| Even the textile markets show pro-
| nounced gain. Activity in the metals d.
vision has taken pig. iron production TO
| near record figures. The government re-
port OF the condition of wheat. April l.
is the surest possible basis upon which
expectation of continued commercial
prosperity could be founded. Strfngenc.'
of money is largely local in New York
and does not alter reports from most OF
the larger cities of favorable conditions
i'm collections. Railroad earnings in
March were ~ per cent larger than last
year
Manufacturers have taken two large eX-
port orders for rails and structural mate
rial. despite the active domestic business
Bcsscrner ore prices were fixed at a r.
duction OF Sl.25 from last year list
which was surprising in view of the great
advance of the finished products.
Speculation has been unusually heany
over s.o1.p1 bushels OF wheat dairy
Prices receded sharply from the top point
of two weeks ago. wheat losing about
cents for spot. Corn received better SUP
port by manipulation and lighter interior
receipts.
Large producers Of foot wear in New
England are SUN utlllS q Stod
with sufficient orders TO insure a iuh
time at the shops for a mcnth or more
EXpcctrd concessions in prices by SmaiiC'
makers have commenced mo icri'e ely ia'G
contracts for split, kip and grain b1otS
being secured al IA cents reduction i-o-
cal shoe manufacturers have reduced out
nut but prices are without change Snip
incnts from Boston continue TO snow Z
Good cain over last years flglres. EN-
ccptiuc Texas oak sides. most lines OF
leather are weaker. while on the other
hand the hide market mas steadicu- u.
the face of recent reductions in prices OF
rubber goods. the raw material has ad-
VancCu to M cents. -.
Trxtilc fabrics are in better position. al
| though Improvement is slight ana con-
fined to a few special lines. All Easter
wool markets manufacturers nave taheh
sufficient new material OF iate 10 lhdlcatc
better orders TOR goods. and news from
| Tho W,st suggests that ranch owners are
going 10 hold for better prices than now
prevail. In the cotton GOODS uirlsioi'
| there has been more buNins Tor Chllit,
while spring dry goods openings max,
,nco,Ira g.ng exhibits. The raw ratcria
| lost most of last weeks sain, specutaIi :
making no resistance 10 the wcakenihE
influence of larger receipts ana uShtei
exports than a year ago: Besides the n
| territorial curtailment of spinning. tner.
! has been further reduction OF operations
| by spring floods. a.,
| the United States. against 49,. last year
| and "a in Canada. against H. last Eear'
r G. Dun & Co. $ Weekly ReNie" -
| Canadian trade tomorrow, Will say. D
| Jobn reports bad weather. WashoutS on
| railways and holidays have all tended q
| retard trade while complaints are hearu
| resnectin. country rer1itttances HaiG
ware sales are above the average at Hai
! ifax' but dry goods sell in small yuan,
| ties. Groceries open actively and tran'
! is revivins at Sydney after a gun WI. WI
| FER Toronto reports wholesale ttau,
without special feature and staple pr'ces
unchanged. At ottawa wholesale and re-
tail trade are fair, but COLLECTIONS si ;
A. Hamilton. although materials are hish
Montreal reports Easter trade mucn IN,
haired by bad weather. and country Tao
also hurt by heavy rains. but payments
are fairly maintained. Winnipeg reports
better trade with more seasonapie Wea,u
or but collections continue SLOW. Irau! !.
slightly improved AT \an'"uNc.
nnrtharn shipments are still slow. VIC
toria reports unchanged conditions anu
collections only medium