Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-03-30
ovN's TRADE REVIEW
General Business sAtis'actory.-D Goods and
cotto, Mark IS Weaker

New York. March 29-R. G. Nm,
Weekly Review of Trade, tomnrro@ 90 s
say: The condition of general LEV, VIII
in most respects satisfactory. The DIV,
goods trade and particularly tho &c, ul y
division is gloomy with f'irtbnr so.toil
lions in price of staple goods III; Ieuuc-
and demand failing to Increase M, ,,,i w wees
shading OF Quotations; but from ever,
other department. of business rcnnr, e'o ..r,
cheerful and the outlook for . ar
spring retail turn over is enco"r. 5uou
There is little difficulty over coii.a.,i ilis.
in any direction ana the mcrcanllle de.
mand for money from numerous nliarters
is proof Of the confidence felt anon
manufacturers and jobbers ,rha -.
situation is more tranquil 'a"o'
Railroad earnings in three weeks of
March show an increase Of 10 . No. ,,,,,
over last year and So per cent nvar so,
Bank clcarinSS for the week at New ynYl.
gained Ig4 per cent. over ,glp and .5 80.
cent. over F99: while the leading citit :
cent. over last year and 1871 per cent over
1899. Aside from the expected aJv,nr,
in structural shapes there is connor, ~
steadinoss in iron aud steel ''>'
Prices Of boots and shoes are wcIl s,,s
tanned without any uuotablc ch,nn@
There is some Improvement in tbo' tns -
iobbinG trade and retail houses heri, ~
feel the impetus of Eastern demand Ecu,
England shops report fewer orders. but
most concerns have sufficient work fo;,
some months ON old contracts
That bottom prices for wool have bccn
reached az last i evidenced by the grow
ing unWi.linSnesS OF holders to make con
ccSSionS, the greater activity az denIc,S
and indications that purchases for spccu-
Ia ion are Of considerable volume Trans
actions show a material gain at the lead
ing markets. while shipments from Boj-
ton exceed those of the preceding weeks
Efforts to secure even fractional advance,
in quotations. however end negotiations
ana stcadineSs is the best that can b"
said OF this staple. Manufacturers arr
not inclined to accumulate stocks
1t was not possible to maintain the
small recovery late, last week. in raw.
cotton and subsequent reaction establish
ed "A now low record for tho crop year.
While the decline has been severe, mill.
are not ready to purchase freely and for
eign buying for the month is far below
las, ycavs Efforts will be made to pre-
vent tho enormous acreage mcditatcd
Even granting i large yield. however
weakness will soon Ne checked Nv the
better demand which should resu, from
the attractive terms at which spinEc:s
can secure raw material.
Wheat did not respond to rumpr- Of
damage bat found reason for strength Il
Atlantic exports including four. in fou'
weeks of l., i3-,9n bushels, against GO.S,1 !
in 1870.
Failures for the week numbered pos
the United States, against 2uj. last year
and . in canada. against -. last year.
puns Review, tomorrow. viii say OF
Canadian trade: Millinery openings hay
made BUSINESS brisk in those lines at $
John and there is a fair demand for drI
and fancy goods. Retailers report i'm
proving trade and country remittanccs
are fair. Halifax reports activity ~ Goa
ana iron ana consd rablc increase i g
pectcd in mining this YEAR. Weather con
,litionS have been favorable for 4 lars.
lumber ,ut but exports are retarded l>
weaker lorCiGn markets.
AT Montreal the break up iof wintC'
roads rctardS business but activity Is e%
p,.tCd iii April. Collections are fair fpl
In season. Similar reports arc receive
from quebec PROSPECTS are most en-
Colra@in2 at Toronto and Manufacturer
busy Trade Is rather quiet at Hamilton
but lobbcrS report Improvement ard col
lrctionS are fair. Trade and collections
are slow at Vancouver.