Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-09-09
TRADE EXPANDS.
IncreasedTurnover Largely
Effected by House Sales.
Drift in More Favorable Oirec-
lion in individual Circles.
Mach Room for Improvement in
Cotton Goods Line.

4NNN Vi n. ctDt. S.-bTduSlT6tI )
Weekly Review tomorrow will say:
Three factors helped to expand trade
in moderate way this week-fall fes-
rivals. the advance of the season and
the ending of the vacation period. The
increased turn over was largely eff
fected through house sales and to a
lesser extent, sorting orders, FOR or
ders from travellers were curtailed be
cause many statesmen had been called
in to attend visiting buyers. Incidental
~, more favorable reports regarding
the corn and other late maturing food
crops, the condition of which has re-
Gently been helped by rains. tend to
develop more optimistic feeling in
surplus producing regions and lower
prices have resulted in larger pur-
.ehases of cotton goods at some points
Thus on the whole recent develop
ments are relatively more favorable
but still conservatism in buying is
everywhere visible and final ptrrveyors
lei goods display no particular tendency
to forsake the policy heretofore pur-
sued. that is. to buy frequently and in
small lots rather than literally at one
time This attitude is superindueed in
. 49, - w - ~ TIC itttibltiAN u IT.
tail distributors of wearing apparel
furnishings and the like to measure
tie probable effects ON their sale OF as
cending prices for edible commodities
and the idleness visible in many indus
trial lines
The retail trade shows a tendency to
expand, largely because of colder
weather, In industrial circles the drift
las heon in a more favorable direc-
ton, owing chiefly to diminished fears
of immediate strikes of railway shop
men on Western lines. and to tile re-
sumption Of some New England textile
mills. but as regards this latter move
ment, IL must be said that there is
considerable room for further improve
ment for anything like marked activity
can he proclaimed in the cotton goods
line. In iron and steel the long expect
cd fall buying of finished material has
not appeared while prices still favor
, huNers and pig iron continues quiet.
! though stocks at some points have
heen reduced through shipments. this,
too, Notwithstanding that production
iii August expanded.
Bank elearings for the week ending
with Sept. I. aggregated SAB I'D 900.
. decrease of one-tenth of ! per cent
from last week hut an increase IF 81
FER cent. over the like week IN 1910
oats.d If New Yoril the total is ST.
0s7.el4,0a0 Il gain of per cent. over
last week and 81 per cent. over the
corresponding week last year The i'm
crease in New York over last year is
10 per cent.
business failures for the week en9-
ing Sept. were 1874 against l6f last
week. l12 in the like week OF 1919. 1gl
in 1906. Iel in 1905 and 172 in 1867.
Wheat including -four exports from
the United States and Canada for the
week ending Sept. {, aggregate 1882. :
:43 bushels against 3.073751 last week
and 1,51l,o6S this week last year. For
the To weeks ending Sept 7. exports
are 25.S57.t77 bushels against 1915, 641
IN the corresponding period last wear
Corn exports for the week are 2l1-
29S bushels. against 129.713 last week
and 276,452 in 1910 For the 10 weeks
ending Sept. I. corn exports are i.696.-
762 bushels. against 2,5SS,S57 last year.
In the eastern part of Canada trade
in wholesale lines. though little
quiet. compare fayorably with that of
last year. At the moment the matter
Iof reciprocity and the political cam
paign receive most attention. In parts
Iof the West good movement of fall
goods is noticed. but at some points
merchants are buying conservatiyeIy.
Frost is reported in the prairie prov
inces, but no serious damage is ex-
pected 10 occur at this late date.