Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-04-27
DUN'S REPORT.
Brisk Business In Spite Of Long Continued
Storms and Floods.

New York, April 2G-R. G. Dun &
Co.'S Weekly Review of Trade, tomor-
row. will say:
business continues very brisk for the
season I'm the face of drawbacks. which
at times might cause marked hcsita-
ton. Chief of these is the floods In
! many directions which have interfercd
with railroad operations and interrupt
ed the distribution of merchandise and
the weather all over the East las been
adverse to an increase of retail trade.
Bang clcarings. however. show that
while speculation has been heavy,
there must have been n well sustained
/ volume of business. for the gains are
, 14.1 per cent over 1860 Railroad earn
ings make similarly encouraging gains.
| After Il long period of waiting Tor
definite crop news, the cereal markets
suddenly awoke to unusual activity.
Much of the increased trading ana
sharp advance in prices resulted from
clever manipulation by Single west
crn speculator who competed inc
short contingent to Co"cr May corn
contracts at the highest prices OF the
season. Wheat has also risen Sharply
partly in sympathy with corn, but
there was bad news regarding the
German crop and some damage oc-
! Cured at the West.
Wool is fairly steady and this Is the
| best that can be slid Eastern markets
are quiet with light demand from the
mills. reports from many correspond
cn,s in the chief sheep raising states
indicate that larger clip than last
no cSnnr.ol and tEc CnnIi-
ton is satisfactory. Growers are slow
to make contracts at TIE present level
of prices but the large percentages If
the crop carried over and heavy stocks
at the East give little encouragement
10 hope for higher prices until the de-
mand for manufactured goods shows
material Improvement. Cotton re-
spends slowly to Indications of damage
on plantations. fer the old crop comes
into sight freely and heavy losses in
British exports of goods and yarns do
rot promise a vigorous foreign demand
for IA" material.
Another decrease IS reported in ship
m"nts Of boots and shoes from New
England although there is still a heaN-
i,r movement than in the same week
of last year. As yet, however, quota
tons are unchanged. Much city spring
trade has been lost through Indictment
weather and local jobhcrS no longer
expect an average seasons business.
Leather is barely steady ut last weeks
decline and stocks Of light grades are
exceedingly scarce \ much better cX-
port movement in merchandise from
this port occurred Tor the week ending
April % than in previous weeks and
an increase Of s.. 6oS. est over last years
was recorded.
Failures for the week number III in
the United States. against 20i last
year. and &c in Canada. against - last
year.
Duns Review, tomorrow, Will say OF
Canadian Trade st. John reports trade
improved by the opening of navigation
on the river and weather favorable 70"
early seeding. Cnfavorable walthc :
affected retail trade at Halifax but
wholesale dealings are UP to the aver
age end spring business opens en-
couraginsly. Toronto reports wholcsal"
trade less active and retail retarded by
Indictment weather. Opening of navi-
cation helped the movement of heavy
goods at Montreal and country roads
are also getting in better shape.
Wholesalers have had good season at
Quebec and collections are satisfac-
tory. At Winnipeg country merchants
buy cautiously but fair volume of
staple lines is noted. Trade is only
fairly satisfactory at Victoria.