Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-07-13
MIXED REPORTS
From Various Sections Regard
ing the Business Situation.
Hot Weather and Droughts Affect the
Usual Summer Conditions.
Speculation in Corn and Oats. Wool More
Active Cotton a Little Duiltr.

New York. July 12.-Bradstreets. to-
morrow, will say: Varying commercial
and industrial conditions make it diff
cult to strike in a sentence the keynote
of general trade for the week. In the
East business appears to be of mid
summer character. while in the South
west conditions have been adversely
affected by drought ana hot weather
reports, which superinduced Il tend
ency on the part of many to cancel or
dcrS previously given.
In the Northwest business seems to
be quite active as the result of excel
lent crop conditions while in the South
ordinary conditions are noted. But for
the weeks the more important develop
ments seem to have been the rampant
speculation in corn ana oats. tn ncr-
vousness of the stock mrrkct ana 4
ton. together with a more tayorabe
somewhat troubled railway ra.. sltun
feeling in tabor circles.
Ia wool the situation shows improve
ment but no speculation appears. Some
mills that have secured fam uItiers ar,
covering by buying raw wool. the bulk
of the demand for which il for terri
tory. fine medium ana fine. Offerings
of staple lots are scarce. \,W WOODS
are being picked NJ ana values AZ,
hardening. white ileec~i woods ar.
quiet. and some Australian woods have
appeared ON the market and ore selling
at firm prices.
Leather is active ON domestic and
export demand and So are hides and
,.1. t.., 4
for prompt shipment Is reported, bat
forWardinGs are below those Of last
week owing to the holidays. amounting
as they do to s.. ISL cas,-.., against lnl.
.6l cases, last week. ana S4.il9 cases
for the week in 1890. Shipments for the
year to date amount to 2..i3. JG3 cases
against 2.3Io4,6 cases i'll 1900.
Neither drygoods nor cotton goo Is
are as active as last week. the holt
days affecting business. but the UNI
dertone is strong and the cost Of pro-
duction is more OF n factor in dcterm
lining prices Of finished goods
Printers Of gray goods and Bingham
makers are well ahead and for the
former two orders are taken at
value" Dress woolens and ileeces are
IN SOou position, Nilllt nltn = Nrdi
woolens have met with recorders foT
fall and the mills are better employed.
Southern hosiery and yarn spinners
have agreed to curtail production for
a time.
business failures in The United
States for the week We're 1879, as
against l45. last week. and 22l this
week a year ago.
For the wheat crop as a whole a to-
tai of 104 1886. 600 bushels is figured out,
also, seemingly. an estimate which
may have to be revised in the direction
of a reduction. The wheat remaining
in farmers hands is estimated at 81
900. 900 bushels. which is less by 20.000.-
900 bushels than on July | a year ago.
The oat crop shows a decline in con-
dition for the month of June and as
compared with July | last year, while
barley shows a slight gain for the
month but a considerable advance as
compared with July last year. The
total worlds visible supply on July l
was 126. $50 900. a decrease of II. 600. 600
bushels from June |. of about the
same amount from a year ago.
There was a tirmer and better feel
ing in the iron ana steel market though
ncw business booked is Of small vol
lme.