Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-08-20
Conservatism Rules the
Buying Movement.
Lateness Of Crops Breeds Feel.
ing Of Indecision.
Production of Cotton Goods at Low
Point on Account of Fall River
Strike-Shipping Less Active-Other
Trade Reports Are Good.


tomorrow. VIII say:
Conservatism rules the buying move
nent, which, while gaining in force at
some leading markets, still lacks the
snap shown in former years at this
time The latencsS of the crop season
for one thing, reports of the cotton
crop deterioration. fortified by con-
tinu"d wheat price advances and re-
Visions OF quotations notably in iron
and steel and cotton goods. breeds n
feeling 81 INDIGESTION. Reports Of great
industries show little change during
the week.
Cotton eoOls buying at first hands
is rather backward ana does not read
ily respond to rc'luo tIols in blcached
goods There is. however, more doing
in jobbing circles and the tone of that
trade is better than for some time
past The production Of cotton goods
is at a low point because OF the Fall
River strike and also because Of cur
taillnent forced upon manufacturers
hv the change from the old high prices
to new low priced raw material.
Wool is steady and rather firmer on
n quiet buying movement Wooden
goods are in fair inquiry, but the high
cr basis is a bar to fullest develop
mant in this line.
Little expansion is shown in the
demand for shoes. The scarcity or
hides has caused the shut down Of a
number of tarnerirs and the strength
Of tn" market IS shown in leather
uriotationS half cent per pound high
cr than month ago and half 4 cent
no, Western shoe
shipments are per cent. smaller for
III. week and I per cent. smaller Tor
the SaaSon than Il year ago
SIcaking generally. there has not
beeu enough moisture for the crops
In tine central West and the Pacific
Northwest. while there has been en-
tirely too much in the eastern half of
the cotton belt.
Tho feature of the iron trade. this
week has been the open recognition Of
conditions claimed to exist for some
time past in finished products. A whole
SALE cut in steel prices particularly in
vir. ana nails has been announced
aud existing uOolS in some products
notably structural material and plates
ar- reported shaky.
The grain markets have been greatly
l,,ain,, ON rc,orts Of further crop de-
t.rinratinn and Of the spreading of rust
81 the car northwest AMI in Manitoha
Flour hne sharply advanced and flour
and wheat are now close to the nigh
est points reached since the Letter
boon. The feeling is that the mat
rtrik" Il fading away
I'm Industrial lin,s the features has
ben tn. extension Of the belief trades
,ir-ur At Ncw York 50 that fully i'.WW
r..n rrn Involved lire city or Indirectly.
This is ia" l"adin.. industrial diStur-
h,nr..s. th,. meat strike the print ci";n
tfr-un the Alabama coal dispute AMI
%r,nIl.r troubles in other lines coupl ~
with rurtailmcnt nf production in iron
ara stool AMI coal mining render
very large runb'r of industrial work
.rc !hle ut present.
rucirco- failures; Tor the week end
inr Aug. Is number .03 against 1G7 last
v.nll, 1876 IN the lili" week in 1903.
Wheat incllding nrur. evnorts for the
week aggregate 1.1030T bushels.
ncniust ..31,o $50 this week last year.
Corn evportG for the week aggregate
5""3G? bushels against 800. 495 wear
lro. Fall trade Is SLOW to expand In
CANDIDA. pending definite assurances as
- the out-turn Of the Northwestern
wheat rron. Montreal reports fall bust
ness rather backward
Shipping is less active. but m In
creased movement of dairy products
10 Great britain 's noted. Toronto re-
rcrte orders being held back until the
northwest rn wheat rron is assured. The
hirh nricns Of wool have driven Amor
i"1n hnv"rs nut Of tho market Authori-
ties in Winnipeg claim that rust dam
20" to the Manit )ha wheat crop has
been ere atty over estimated and good
yi"li & expected.
In British Columbia business is GOOD.
WI the loCCin~ industry is dn1 the
Wort tax cutting off the outlet to the
Tnt"d Stites. Failures for the week
nrmhe' ~ ac against 16 last week and
" IN this week year ago.