Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-06-30
WEEKS REVIEW.
To-day Closes Year Of Rec
ord-breaking Prosperity.
Business Is Exceptionally Good
for Season in Every Line.
JohbeI's Stocks Are LoW---FeWer Failures
Noted In U. S. and Canada.

New York, June Or. G.. Dun G
Cos. weekly review Of trade will say:
Today closes the most successful ifs
cal year in the nations history thus far
and optimism is 50 general throughout
the world that the next l2-month per-
lod promises to carry tile hlghwatcr
mark still higher. With few excep-
tions the crops are making good pro-
greSS and the new year will start with
more business on the books OF manu-
featuring concerns and greater enter
terprises and undertakings ia contein-
plation than in any previous July
Prices of iron and steel products have
often been higher than now but it is
doubtful whether the position was ever
more wholesome.
Primary markets for textile fabrics
are still held back by uncertainty re-
garding the stability of prices. especial
ly in the cotton goods division. Mean
while the undertone is strengthened by
the certainty that jobbers stocks are
becoming exhausted and current re-
quirements must soon cause Il resump-
ton of buying. This influence neutral
ICES the effect upon prices of the tenn
porary Indifference. Assurance 'the.t
/
| for immediate shipment whenever or
| ders are placed, the request being in
| variably made that the mill telegraph
so as to avoid any delay. AS these
| conditions differ widely in the various
sections of the market some goods are
| offered at concessions while others
are firmly held or tending upward. An
other cause of Indifference among buy
erS is the Semi-annual inventory which
| will be taken before provision is made
| for July trade. Exports to South
| America and other miscellaneous ship
ments only partially offset the utter
| lack of contracts from China. which
is the least satisfactory feature.
| Lower priced mems woolens are now
fully opened and sell well. results JUS
Iifying the unusually early start, bu!
there will be no general showing OF
medium and fancy lines until after thu
holiday. Concessions have been mad,
in some grades of domestic woods II
| Eastern markets averaging about Nail
La cent for the entire list. FaVorabl
reports are received from the footwear
industry, jobbers at the West having
reduced stocks and are about 10 place
initial contracts for spring. Nhoiesai
Iers from the West and South VIII at
ltnnG the Boston market during the mex
two weeks and New England manufac
: turers anticipate a large volume
: busins S. Prices are firmly eStlDiiShe'
and factories run full time on "a
| shoes for the Eastern jobbing trau'
There. is no sign of the diminished ic
Itivitv at local wholesale houses Gus
ltomary at this season. business pelh
lreportcd as active as when the mont
}. oneue,l. Leather is quiet, as might y
Ievnect.d after the heavy transaction
last week, but prices are fuzzy man
- tanned.
A better demand is noticed III mae
. Gales for the week aggregating 10"
and although no advances occurre
- !, hackers goods. some gain was $
ur,J in a few varieties OF coWiiue
| Foreign dry hides are strengthened
- Tho steady European absorption.
Failures this week We're 2o' III u
e rfnitad states against 2i9 last year, al
Of in canada compared with IL Se'
ago.
Rr,dstreet's tomorrow will say:
lC canadian retail trade has lmproV
m with eeaeonable weather, puiif
oro, of Grain and fruit is predicted &c
"a llactions are rather better ana IAN TIA
nrosnects are of the brightest
Failures for the week number -.
,in.t 10 last week, and 33 IN u
...oI, n ve1r ago