Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-05-04
BRADSIReETS REPORT.
Enormous Stock Speculation General Bu,i
ness Saiisiac!op--Tesiiic Trade Suffers.

New York. May 3.--Brad,ttrnts. to
morrow. viii say: The sauguine feel
Ing 10 trade ana speculation ind
reelection in the enormous activity IL
stocks speculation which has attract-.
much money from the usual cpmnrr
ciai channels ana expanded clearing.
tn unheard Of totals. General business
the country over. may bc clls9cd al
satisfactory. The iron and steel trades
though reporting somewhat - hull iT
the crudcr forms. continue a. furnish
the best reports. while tn textile in
dustrics return the least favorable ac-
counts. Railway earnings returns
continue excellent.
Tho textiles are relatively the worst
situated az all the industries tn.
sIowE"ss Of demand for cotton goods
on domestic account has been the caus,
of reduction III print cloths ~ 3-lr
per cent, following the decline Of /,
per cent. last week Curtailmput Of
production by thc mills limits stol Ky
bat does not help demand Export
business. however. is better ana thrrc
is scarcity ~ brown cations reported.
Wool is quiet. mills buying only to fiji
imme iiate wants. There is more
movement ut the West ana On the Pa
cifc coast however. London prices
are higher FOR finer mcrin0 grades ana
lower for cross brcds. Eastern boot
and shoe factoies are busy on summer
goods ana there is more doing for fail
account. Shipments are larger than
last week
Failures for the week number 1863.
as compared with 2l4. last week. 153 in
this week. a year ago.
Iron trade production naturally appears
20 hc catching az with demand IN the
cruder forms FIRST. Bcsacmcr pig iron r.
-1 cents lcwer this week ana sales havr
hccn made 81 southern mig ~ cents below
III" asking price Of som" weeks ago. tn
in considerable orders being placed IN tn"
m lrnad~. In finished oruiucts consumer
are $. i'll u-cins quick delivery and rrcmi-
ums are offered fur III" same.
JcLb.rg trade ~ relatively most active
in me West. but retail trade is being
helrcd by the warm weather.
The feature in staple prices this Week
has been ,hr marking up VI quotations
FOR HE leading cereals.
Wheat, iEclUdiug rolr shipments for
the wee X. aggregate alT.Ihj bushels
AGAINST AIT o. bushels in til correspond
corn exports for the week aggregate
2,@.l So bushels against 5.4ll.tli hushe :
~ this week Il year ago.
Failures were more NUM- roIs in Apr !
than I'm March. but liabilities We're small
er. There we've 90 failures reported to
Rradstrcets FOR the month with liabilities
OF s.. PA. ~. an increase of - rcT cent.
in number and Of l6.5 per cent. in liabili
Ties over April a year aeu.
The cTCp situation at present Is quitH
encouraging. Cotton crop adViCps are
fairly good and an increase in acreage is
still foreShadawed. Grain planting is al
most finished in the Northwest.
ClearincS for the week aggregate Sc
0;sSl. ~, l19. 4 gain Of "$ rcr cent. on las
week and Of 6i.5 per Cent. owe, this week
a wear age
Weather conditions favor Canadian crop
preparations and business is Satisfa Glory.
Montreal reports prices We'll maintained
ana collections good. Failures for the
week number Il. as against -. last week
and ~ in this week Il year ago. For the
week clearin2s are GIG per cent. larger
than last week ana - per cent. larger
than last year. Halifax reports that
warmer weather has stimulated trade and
collections have improved. bat Victor Il
reports trade quiet ana collections slow.
ClcaringS at eight Canadian cities show
gains of - per cent. for April and of 1t7
per cent. for the four months over las
year. Canadian failures in April numbered
lB. the same as year ago, but liabilities
aggregated Only $,9,aN5. n decrease of y
per cent. from 1900.