Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-08-10
Neither Strike Nor Crop Re-
verses ObstruCt Business.
The Volume Of General Trade Exceeds
Anything Ever Known.
Cereals Tend Upward. Cotton Weaker. With
Cotton Goods and Woolens Firm.


ern surplus production states and the
formal launching OF the general steel
workers strike. the aggregate bust
ness. the country over. seems to be of
good and in most sections unprcce-
dentcd volume for this season of the
year. All available measures of sup
ply. demand and movement point to
the business done in July as exceeding
anything transacted in any similar
midsummer month.
Early corn, small proportion of
the present crop. by the way, comes in
for most of the damage and late corn
certainly seems better. Late csti-
mates of Bradstrects reports point to
a curtailment of about 100000, 600 bush
els in the four great corn growing
states west of the Mississippi Spring
wheat thrcshing results in the North
west prove to be better than earlier
anticipated and the feeling is that
crop of lSJ 900 900 to 200 900 900 bushels
of wheat will be gathered in Mime
sofa and the Dakotas. 100000 more
than the actual yield last year. st.
Paul reports July sales p per cent.
ahead of last year. Kansas City re-
ports that probably one-thrd of the
corn cancellations will be renstated.
St. Louis reports are quite favorable.
Chicago reports that business in
clothing. dry goods. boots and shoes
hardly up to the average. New Or
leans reports the outlook for fall trade
encouraging Complaints of the South
ern corn crop come from Knoxville
and Memphis but cotton seems to be
fourishng. a good spring wheat crop
will be gathered in Washington and
the hop crop. while smaller than last
year. will be of very fine quality. The
supply of labor is scarce at Portland,
while san Francisco reports trade dis
tributing affected by the strike.
In cereal prices the main tendency
has been upward. The main strength
of wheat lies in the continued heavy
export business, far in excess of any
previous week on record.
United States and Canadian wheat
supplies increased 2.314000 bushels dur
ing July. but European. Australian ana
Argentine wheat supplies fell of much
more heavily. the result being grand
total of supplies. Aug. l. 1901, of t.
SO 900 bushels. a loss of f3l0.ooo bush
els for July. Worlds stocks are the
smallest held on this date since 1888
and the same is true of American sup
plies alone, but European supplies are
the heaviest since 1898.
Cotton is weaker. The outlook, Aug.
/. was for d crop slightly III excess OF
that of the present season. 1e.5Weo"
bales.
Nine groups of staples. textiles. pro
visions and groceries. oils. breadstuftS.
chemicals and drugs. hides and leather
fruits. coal and coke and building ma
terial were marked higher during
JuIv. while live stock. metals and ma
val stores moved lower. In the iron
and steel trade. the strike is stu the
feature around which reVolNe hiGh
urenium prices for plates. barS ana
.beets and timed plates. structural
material. not affected as Yet by the
strikc is in very heavy demand. othei
metals show little change on TN" week
The textiles show little change. COT
ton GOODS have been firmly held. d"-
s,,itc the quiet and even duh condition
Of business at first hands. The eastern
iohhinc business in prints. gInChams
and cotton goods generally mas heei'
cf GOOD volume. though smaller thai
.yrc,.teJ Print cloths are easier.
though not a,lotahlv lower. owing to
the formal dissolution of the selling
committees plan at Fan River Talk "i
,y,y, reduction is again heard, bu'
there j.; still an unwllingncss I" strike
.t The real cans. of the trouble, that o'
oycrp, oduction of certain kinds oil
mint cloths due To changes in Styi.
and fashion.
,f
Weights have given the mills plenty 81
occupation and as manufacturers arc
meeting the lower price for spring
weights set by the principal interest,"
F., GOOD volume Of business is being
done. Womcn's wear goods, particular
" the palmer sorts. have been literally
ordered Wool is firm and manu'actur
ers are steady buyers.
Railway gross earnings for Juy al
ford ample testimony of the heavy ton
mage carried during that month. ENcrl
section contributes we'll pr0portlonet
gains to the total earnings reported
SOL 3O2 SO. a gain Of Sc 4l3.O24. or H..
be rccnt over july, 1900. the heavics
increase shown for over Il year ana ;
half back.
Wheat. including flour shipments fo
tn, week. aggregate S.S32. 1873 busneiS
against Gi63.391 bushels last week
Com exports FOR the week agSregat
$50. IA bushels against 563. SOL bushels
last week. and 2Sao,15i bushels in thi
week a year ago.
Bank clearings for the week aSgrc
gate 81 .922 500 an increase of
ocr cent. over asst week, and a gain o
- per cent. over this week Il year age
Busin2ss failures number 1S5. a
against $50. last week, and LIZ il thi
week. n year ago.
Trade in Cancda is quiet as beiit
mid summer. hut the fal t:aGe outloo
is generally encouraging. Toronto re
ports moderate activity and rctaie.
in tie Northwest are particularly lii
csai buyers. Collections this week wcr
good and renewals are no grclter tina
in prey ious yeals Montreal reports
very fair trade in dry goods. clothin
and shoes fov fan delivery Nictori
reports business quiet but that a heay
s"ln,on pack will he made while Hall
lax reports that recent rains hay
helped tie crops and that the outIoo
IL encouraging. Manitoba crop advice
are for a Yield of "a. coo eco bushels ,