Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-09-05
BUSINESS LINES.
Crop Developments Have Been
Most Favorable.
Fall Jobbing Reports Show More In
proyement in all Branches.
Monetary Conditions Less Tense
General Business Conservative.

New York, Sept 4.-Bradstreets'
tomorrow, will say: Crop develop
ments have been mostly favorable, fall
iobbing trade reports indicate further
Improvement and monetary conditions
/ show less tension.
The. tone of general business is con-
sentative. Manufacturing industry
shows continued activity except in
such lines as cotton and silk produc-
ton, which not the influence OF special
conditions, and some lines of iron and
steel. Evidence of an approaching
slackeninS in the output of anthracite
coal is to be seen. Some Improvement
is noted in car scarcity trouble and
gross earnings of railroads continue
large but Increased cost of operations
or heavy improvements limit net re-
ceipts. Failures show only the usual
midsummer volume in number. Aug
Ust suspensions foot up Il larger total
of liabilities. particularly Of small fl
nancial institutions and manufacture
ers. Collections are still rather back
ward.
The weather is still cool for corr and
the progress toward maturity is delay
ed thereby. Rains have hurt the quail
ity OF sprinG wheat and delayed its
marketing.
The Improvement in cotton condition
in August has come to pass, the gov
eminent report showing the best con-
dition since 1894. With the large acre
age and a late, hot fall, 100000 bale
yield is easily possible. The Southern
rice and sugar crops will be large.
Canned goods may be higher as a re-
suit of cold, wet weather in the North
and East. The Maine sweet corn crop
is only one-half that expected earlier.
Dry goods are in better demand from
Now York, Philadelphia and Boston
jobbers but business at first hands is
limited by uncertainty as to the out
look for raw cotton prices and the
small stocks of goods now being car
ried. Print clohts are higher. In
WOODEN goods a good demand for
spring weights is noted, but worsteds
drag slightly. Wool is firm on demand
sufficient to cover sales of goods. Lum-
Der is active and firm at the West but
rather slow and draggy at the East
where labor conditions are not alto
gethcr settled. Boot and shoe ship
ments are still above the 100 900 case
mark at Eastern centers and for ahead
of last year. Leather is in hand to
mouth, but large aggregate business
is moving.
Whe"t. including flour. exports for
the week aggregate 3,131 $3.50 bushels,
against 2.245 05G last week, and6 216, 299
this; week, last year. Corn exports for
the week aggregate 36S,7l1 bushels
against sec 800 last week, and 2l,196
bushels a year ago
Business failures for the week ending
with September 3rd, number 1872,
against / - last week and 1873 in 1902
More activity is apparent in Cana
dian trade circles. Montreal reports
tall orders moving freely, large ship
ments to Manitoba and the territories,
watcr-b born tonnage heavy and much
American wheat passing through the
port The exhibition at Toronto is at
tracing more buyers than in any pre-
vious year and, stimulated by the ex-
cellnnt trade outlook, purchases at that
point have been heavy Ontario wool
is quiet. Winnipeg advises that finer
weather for the harvester has induced
NOR cheerful feeling.
General business the next six months
will be the largest in the history of
western Canada.
Business failures for the week num-
Der IS against % last week, and II in
the week one year ago.