Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-06-13
SHOW IMPROVE MENT
Weather, Crop and Labor Con-
ditions All Are Better.
Floods Subsiding in West--The North
west Is Particularly Happy.
General Conditions in Most Sections
Are Favorable.

New York, June 12.-Bradstreets, to-
morrow, will say: Weather, crop and
labor conditions all show improve
ment, this week. The feeling in the
flooded districts of the West is also bet
ter although freight business has been
and still is largely suspended, while the
breaking of the drought in the East
has put an end to forest fires, helped
the crops materially and led here also
to the feeling that crop damage has
been exaggerated. Wholesale business
generally is still seasonably quiet but
already an Improvement in tone is
noticeable as the result of the rather
better outlook agriculturally. In the
Northwest the situation, of course, has
been without flaw; Southern advices
are better and a large movement is
looked for in the West, when the pres
ent high water recedes. Iron produce
ton is at the highest point ever record
ed. Tinplate production at present is
of enormous volume. Railroad earn
ings are good as whole, though west
ern foods have curtailed June gross re-
ceipts somewhat.
Predictions made, last week, of n
winter yield of $4S5, 100000 bushels find
confirmation in the government report
showing conditions still above the
average and far above 1902. Spring
wheat is in excellent shape and tenta-
tive estimates of 300,000,000 bushels are
made.
Special reports to Bradstreets show
that 5000 industrial workers were
on strike or locked out on or about
June !. Since then, however, all the
great strikes but one, that of Phila-
C!elplia textile workers, have been
practically settled, as also a host of
minor troubles, 175,000 workers con-
ccrned having announced their inten-
ton of going back to work or having
actually resumed operations. Steadi-
ness in manufactured products, except
iron and steel, was feature. This
weel:. prices show few important
changes aside from a pyrotechic adj
vance in cotton, spots going up one
cent though reacting later. A rather
freer movement of spot goods is noticed
in cottons and jobbers report q fair
seaSonable business at the East: Cling
hams and prints are moving well for
this sec son. Recorders of mems wear
woolens show some increases, but bust
ness is still rather backward. Wool
is steady but business is light at the
East, while at the first new woods are
moving quite freely. Shoe shipments
from the East are very heavy for this
time of year, being II per cent. larger
than last week. Lumber shows firm
tone despite labor troubles.
Wheat, including flour, exports for the
week aggregate 4,19l,317 bushels against
A. 70S 995, last week. and 3,4O0314 this week,
last year Corn exports aggregate S2l.S15
bushels against 10l3,S1. last week, and
81, S9l bushels. a year ago.
Business failures for the week number
Isl against 173. last week l65 in the like
week of 1902, 1SS in 1901, $50 in 1900, and $50
in 1850.
Trade conditions in Canada are still
satisfactory in character At Montreal
warmer weather helps trade in ScaSonable
goods while excellent crop prospects com
hined with steadily advancing markets for
staples, tend to stimulate the demand for
future trade requirements Toronto re-
ports steady demand in most departments
of wholesale trade, retailers buying large
ly for the fall shipments quite heavy and
further advances in cotton staples. DO
nestle woolens are firmly held. and the
new wool clip which is likely to be smaller
than last year. has begun to move. but
thus far are light, growers hold
ing off for higher prices. ontario crop
conditions have improved. On the Pacific
coast general trade is fair. the outlook
promising and rctainerS are NEE ting obli-
cations moro promptly than in former
years. Winnipeg tells of an excellent crop
outlook in the west Retailers are buying
much in excess of preceding years Bank
clearings for the week aggregate $ti4 32l,
lis. ) per cent. from last week and Is per
cent. ever this week q year ago
Failures is in number. compare with Il,
last week, and T. in this week one year
ago.