Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-07-19
VERY ENCOURAGING.
Oun's Trade Review Finds Bust
ness Situation Improving.
Strikes Are Being Settled and Agri-
cultural Prospects Are Good.
Cotton Goods Prices Are Steady-FueI
Shortage Serious Drawback.

New York, July 1S.-R. G. Dun &
cos. Weekly Review of Trade, tomof-
| row. Will say:
Settlement of numerous labor contro-
Versies and prospect for early agree
ments as to other struggles have great
ly improved the Industrial outlook,
while agricultural conditions steadily
improve. AS these have been the only
unfavorabie Influences for some months,
the prospects for active trade are de-
cidedly encoura ging. Financial con-
ditions are sound, the mia-year divi-
dend distributions producing no strin-
gency and speculation has been heavy
for the season. both in securities and
staples. Hallway stocks established a
new high record, While the corn man
ipulaton reached a settlement without
causing any failures. Railway earn
ing in the first weel. o. July showed an
increase of ! per cent. over last year.
Pig iron continues to command full
prices, supplies falling below require
nerts and furnace deliveries failing to
ill contracts. Scarcity of fuel is still
the principal drawback, While car and
motive power shortages are additional
causes of delay.
prices steady and there has been Il
distinct increase in demand during the
past week. although buying in only for
imperative requirements. No conces-
sions are Offered by holders, indicating
solid confidence as to the future. Some
curtailment If spinning is reported at
Southern mils, the tendency being to
wait until rev crop cotton comes for
through buying for India. but China
is less of a'factor than usual.
New line of light weight woolens and
worsteds have opened ut unchanged
prices AMI the increased activity of
mills has aroused more interest in the
raw material, which tends to advance.
Eastern shoe shops receive more orders
and prizes are firmly held.
Failures for the week numbered 213
in the United States, against 1913, last
year, aad 20 in Canada, against 81, last
year.
OF canadian trade the Review will
say:
Tr.tle at St. John has decreased,
owing to work in the fields. Fine
weather has greatly helped the crops.
q fir average being now expected even
whlre Il shortage was feared. Lumber
is Steady ard the demand absorbs all
that is offered. Steel shipments from
Sidney are increasing. The half years
t .ade in hardware at Halifax exceeded
III records Dry goods sales decreased
10 weather conditions, but Will improve
rs the season advances. New Found
land reports a good catch of fish, but
the prices are low. Lumber has also
declined Favorable weather has helped
dry goods at Toronto, where hardware
and metals continue active, groceries
seel freely. and canned goods are IN
demand. Hamilton reports good bust
ness.
Tourist travel at Quebec is smaller
than last year, which retards retail
trade. Cool and damp weather mas
hurt business in summer goods at Mon
treaI. but fall orders are large and
metals active. output and exports OF
cheese are heavy. Warm, dry weather
improves crop prospects at Winnipeg
ana trade is good Lumber and build
ing materials are active in British Co.
lumbia and retailers doing average
business. Wholesale trade remains
'miet.