Daily Kennebec journal., 1901-11-23
OUR PROSPERITY
IS the Cause for a Splendid
National Thanksgiving.
An Idle Wheel Is the Exception and
Wages Are Well Up.
Scarcity Of Freight Cars 10 Move commoo'"es
the Only Drawback.

-
Nav York. NOV. 22.-R. q. Dun n
,,o.s. Weekly Review of Trade, tomor-
rou. win say. Never before in the his
tory. of the United States was. there
such great reason for day Oh "a'i'''a'
,h.,,lseiyiug. This country has MADE
unprecedented strides toward 4 posi-
ton of national supremacy not only III
commerce but also III hhahce. 1"
marked degree business enterprises
have proved successful. An Idle Wheei
in mills or factories is the eNcepti"il'
while labor is so we'll employed AT high
wages that consumptive demands S"S-
tain market values of all staples COM
modities.
rransportine facilities have been un-
able to keen pace With the nation re-
ouirements, many complaining OF tar"E
deliveries, which alone act as brake
ON commercial progress. BY closing
Lake navigation. lower temperature
will relieve the railway situation. thou-
21nds Of ears being restored to lnlahu
traffic
This same factor of favorable
weather stimulates retail dealings and
prompt collections swell bank eN-
changes. which for the week were 80
pcr cent larger than last year at TINS
,.itv and $50 per cent. over 1879. Whlie
At other leading cities there We're gains
of q and no per cent. respectlNeiH'
Heavier payments through clearing
houses are not due to speculation, as
sales of stocks for the week were
smaller than a year ago.
Careful search discloSes few uniaNor-
abla factors in the iron and steel STU
alton. Probably the least satisfactory
conditions are found at plate mills,
which report an uneven Distribution OF
orders 4 few large concerns appear
/, secure the bulk of new business but
heavy orders for ears Will largely eN-
pand the buying. while the new COM
hfuation viii pat this class of mills on
:, stronger basis. In rails there Is no
,pparcnt limit to the orders placed.
though some mills are unable to guar
autec delivery within a year.
Eastern footwear manufacturers arc
generally insisting on small advances
when new contracts are placed. hut
large iobhrrS resist the upward ten
,Icnc,- and the cont inurd strength nt
leather will necesSitatc depreciation Of
pespit. The incrcas" of factories at the
ipt.rint. heavy contracts have been
placed in New England during the past
week hv Western buyers. conditions
arr. unpreccdeutcd in regard to the
opeuing work on spring goods. which
has not waited for finishing rooms 10
cloe.. w the heavyweight season. Lo-
callv ther. is much activity. notWith-
-. l,ir-bf Ih,r
III, business is much better further
North and West where snow has fallen.
sole leather is remarkably we'll sus-
taircd. with stocks scarce. and upper
leather is also firm, although in better
supply.
cotton relapsed into dullness with
barely steady quotations III mark"y
contrast to the exceptional activity anc
strength OF the same week in 1000, Wh"l
prices We're Sli.23 a bale higher.
Foreign markets are held down -
Mr.. Ncills large estimate of the doneS-
tic crop. which is not likely TO prove 4:
near the fact as his excessive low p.'
diCtion last year.
Losses have. undoubtedly been seI ..
il many states, while prosperity in al
other regions must bring a vigorous II:
mand for goods. which is already r'l
ccptibln in the activity Of spinnerS
British exports Of cotton goods are
much larger than they were r~'''
ago anl domestic shipments to thini
have also increased of late. Return %
I'2Il River prices for prints to q norma
position promises activity especially
with the wages scale ais" settled.
,lt fD ,r
able for the raw material. Wool H.!
continued active and firm IN lllc", ~
snite returns indicating tnat the ="
mestic clip was the largest since lN"'
Boston shipments reached a Aer
record. Strength is the rule III I'M
markets for farm products.
Failures, this wee1; numbered .l\ il
tie United States. against 2&N. iis~
wear. ana 81 in Canad;t. against - TN
year.
ot the Canadian trade thr r-Nl' N MI
say \ better feeling prevails at =
.!ohn. .JoDberS report hriSker NOV"
ment in al stapl.. lines ANA retail tran
is more encouraging than for Son
weeks. Produce shipments are larg
and retail clothing active at Halifax
out foot wear moves slowly. Fanc.
goods are active at Toronto and remi
,ances improves Grain is strong bI.
provisions quiet
Al Hamilton Stapl" liuer 1te IN az
mand and manufacturing active. Goo
snow roads help business at Quebec an
collections come in we'll. Heavy line
are q little SLOW at Montreal but ge !
rral trade is excellent for the scasoH
The year has been good one an
wholesalers anticipate splendid rc
suits at I'll" annual balancing. Nom
cir"ulates freely at Winnipeg and clos
ing Of navigation increase wheat ship
n"ntS. Business is healthy at Nictor''
collectors satisfactory ana retail trad
improving.
Arguments Of opposing counsel took u
IN" "ntir" day. Friday. in the Unit"