Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-05-03
BUSINESS OUTLOOK.
Better Weather Has Acted as
a General Incentive.
The Wholesalers Securing Recorders,
Resulting from Retail Activity.
Cotton High and Firm-WooI Dull in
East-Canadian Conditions.

New York, May 2.-Bradstreets, to-
morrow, will say: More seasonable
weather throughout wide areas has
helped distribution at retail and mn
proved recorder business with whole
callers. Agricultural operations have
made good progress and weather con-
ditiOns have been in the main favor
able, particularly to the eastern por-
ton of the winter wheat belt, the oat
crop generally, the newly planted
spring wheat sections and the larger
part of the cotton belt. Exceptional
activity continues in all industrial lines
and the usual May day unrest were
manifested in the building trades, has
caused less than ordinary Interruptions
to operations, partly, perhaps, because
of the ready concessions made by en-
Eloyers. Activity in building continues
a feature of note, and all lines of in
dustry contributing thereto.
New business in iron and steel is
generally in small lots, because sup
plies will not admit of large deliveries
In textiles the feature is the con-
tinued strength of raw cotton despite
heavy realizing on the sharp advance,
which brought spot cotton, early in
the week close up to 10 cents. Despite
the realizing, however, prices closed
higher for the week, ana the feeling
is that the bull market has not yet
eliminated. Exports continue heavy
larger in fact than port receipts, and
visible supplies show a further shring-
age, although the old crop movement
has put minimum estimates out of sight
and the final yield, it is conceded, will
exceed 100000 bales.
Wool is dull at the East, rejecting
the curtailed consumption and irregu-
larity due to strikes. Outside manu-
facturcrs are reaping profits. Small
stocks at Eastern points are a steady
ing element in view of the lack of de-
mand. but at the West buying is heavy
at slightly higher prices than Il yeai
ago.
1t has been Il weather market FOL
cereals, good crop advices early in
ducing liquidation. The primary move
mcnt of grain is very small for the
season.
Shipments. of shoes from Eastern
points are still shrinking. Agricultural
produce is on the whole steady. Hog
products are higher on the week. Dairy
DIoluClS, pau Duliti. al [
lower. Eggs have been shaded again
and potatoes have decreased in price
but are still very heavy owing to small
supplies.
Large exports of cereals are looked
for shortly and manufactured products
are moving abroad very freely.
All obtainable measures of Apri
trade point to it having been a salts
factory month.
Wheat including flour. exports foI
the week aggregate 5.3S0,155 bushels
against $3.50, $50 bushels. last week, and
500, T63 bushels in this week, last year
Corn exports aggregate 12S.619 bushels
against 376,1S6 bushels, last week, an6
2,311 $50 bushels, last year.
Bank clearings for the week endins
with May 1 aggregate $2,5I2, OF, SIS, {
decrease of per cent. from last week,
total.
business failures for the week num-
Der la, as against lS1. last week, 16.
in this week of last year.
Canadian failures for the week num-
bered 90 against 20 last week, and II g
year ago.