Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-07-12
SEAS0NABLE TRADE
And Crop Conditions Helped
by Warmer Weather.
Food Prices Rather Higher--Textiles
and Other Manufactures Lower.
Wheat and Corn Exports Exceed Those
of Last Year.

New York, July 11.-Bradstreet's, to-
morrow. will say: Warmer and more
settled weather in many sections has
helped seasonable trade and made it
possible to ascertain that the earlier
reports of grain crop damage from
rains were rather exaggerated. There
Is disposition to regard the situation,
particularly for the fall season, as
more assured than previously. The
labor situation has rather improved if
anything. The strength of food prices,
particularly Of cereals and meats, are
based on small. Immediately available
supplies rather than fears of possible
future shortage. Except for wheat,
highest prices paid for 10 to 20 years
past at this time are being paid. Tex
tiles and other manufactured goods
tend lower and thus affect the general
level of values, which in the natural
course of events would seem likely to
recede as the season for gathering
large yields Of agricultural products
approaches. The ability to pay the
prices ruling in the past year is one of
the best evidences of the prosperity
prevailing among all classes.
Although too much moisture was
complained of this week, in the surplus
grain growing sections of the west, it
was accompanied by higher tempera-
ture. and dispatches show satisfactory
conditions ruling. Hot dry weather is
complained Of in Louisiana, Mississippi
and Alabama. Nothing alarming as TO
cotton is forthcoming, however. In the
northern half of the belt the cotton
crop and corn likewise is progressing
well. Dry goods are quiet at the east
Eastern shoe shipments are 8 per cent.
smaller than last week and sc per cent.
less than this week last year.
Cotton goods are quiet at the East
after the recent price revisions. The
Eastern wooden goods trade is in quite
good shape.
Wheat. including -four, exports for
the week ending July 10, aggregate A.
404115 bushels against 3,2l1,2l5 bush
els. last week, and 5,0l6,i49 bushels in
this week. last year. Corn exports ag
gregate 1S5,131 bushels, against 121, 1863
bushels last week, and 2,S00,73S BUSH
els. last year.
Business failures for the week end
ing July 10, number 1875 as against 1873
last week. 1879 in this week, last year.
r. G. Dun & Cos. weekly review of
Canadian trade, tomorrow, will say:
st. John reports a moderate business
during the past week. The half years
record was larger than heretofore.
Payments are prompt and farm pros
poets favorable. Conditions are salts
factory at Halifax, though there is the
customary midsummer quiet. Hay
crop prospects are brought but spring
frosts affected early apples. Warmer
weather has stimulated trade in light
summer fabrics at Montreal and fall
dry goods orders come forward freely
Wholesale trade is fair for the sea-
son. Trade at Quebec has improved
under better weather conditions.
Trade in dry goods is more brisk at To-
ronto. while orders for autumn staples
increase. Crops are in good condition.
Retail trade is more active at Hamii
ton and wholesale buying for fall trade
is large. Jobbers report satisfactory
trade and collections at Winnipeg.
Grain prospects are bright.
Failures this week in Canada are 10,
against s, last week, and 20 the CORE
spending week, last year.