Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-05-08
TRADE REVIEW.
A Decidedly Better Show
ing Financial Circles.
Bank C|eaTings and Railroad
Earnings Are Better.
Imports Increase and Iron and Steel
Trade Show Improvement.

New York, May 7.-R. G. Dun &
Cos. Weekly Review of Trade tomor-
row will say:
With bank clearings outside New
York 159 per cent. better than last
year and 245 per cent better than in
1906, with railroad earnings for April
showing a gain of 1879 per cent. over
1908 and only 1913 per cent decrease
as compared with the banner year of
1907, with immigration $4,000 larger
than last year; with imports much
greater than in 1908 and nearly equal
to 1907, with a distinct gain in the
iron and steel trade in both orders and
prices with a hardening tendency in
coppers with works of new construc-
ton going rapidly forward, the trade
situation seems to afford ample
grounds for the prevailing belief that
as soon as tariff revision is out of the
way, the last obstacle to full restora-
ton of normal industrial and mercan-
tile activity will be removed.
The primary dry goods market con-
tinues quiet, prices remaining at their
present level in view Of the firmness
of raw material. In print cloth yarn
goods, some contracts have been closed
on the finer count fabrics but convert
ers show no disposition to operate very
far ahead Printers have bought mod
erately in lines adapted for the shirt
trade, such as percales, some contracts
extending we'll into September. Gray
and finished goods are quiet ana
bleached goods and prints continue to
be inactive In the export division
some inquiry is reported but little bust
ness has been placed. sales to China
amounting to only 1000 bales of 3.23-
yard sheetings, while some small or
ders have been secured from Africa
and Australia and Manila has bought
slightly larger quantity of prints
than it's recent average. In wooden
goods the volume on duplicate busl-
ness from buyers Of mems wear lines
increases gradually.
The hide market has been eXcep-
tionally strong throughout the week
with rapid advances in all lines. chi
cago packer hides scored substantial
increases while country hides display
ed still greater strength, and foreign
and wet dry sailed hides have adj
yanced in proportion to the domestic
market increases The leather market
| is stronger all around in sympathy
with the hide situation, prices advance
ing steadily. Supplies of over weight
and plump middle weight sole leather,
particularly in Hemlock tannages, are
short and prices are advancing both
in New York and Boston markets.
while oak and union sole are stronger.
While the footwear market has not
as vet felt the active and advancing
movement in hide trade in eastern
iobbers and New England manufacture
ers is gradually increasing. Visiting
BUYERS are arriving in the Boston mar
ket.
Failures this week numbered Dab in
the United States against 3O5 last year
and 25 in Canada compared with rs
a year ago.
Bradstreet's State of Trade tomor-
row will say of conditions in Canada:
More seasonable weather has had
fstimuIating influence on trade in Cana
da Montreal reports that dry goods
at retail show improvement. Hereto
fore business has been quiet because
Of bad weather but present sunshine
will help things. Business failures for
the week number 30, which compares
with 81 last week, and % in the cor