Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-01-13
FINANCIAL.
Trade in The Larger Lines
Remains Quiet.
Because Of Cold Weather and
Also Of SiOCktdking.
Retail Trade In Footwear and Gents
furnishings Is Better.

New York, JAN 12!- Bradstreetts
State of Trade, tomorrow, Will say:
Trade in the larger lines remains
quiet, first because of the very cold
weather that has prevailed over a
wide area. thus preventing statesmen
from getting about, and secondly be-
cause inventories still occupy more
OF less attention. But mail order bust
ness with jebbers IS somewhat better
while city retail trade in overcoats
wooden underwear. hosiery, gloves.
hats and caps and footwear has i'm
proved. owing to- The very low tenn
peratures or storms that prevail out
side of these lines, distributions ar
retail have been very quiet, shoppers
prcferring to remain at home rather
than suffer discomfort incident To eX-
ceptionaHly inelement weather, while
country trade is practically at a
standstill. In short the low temper
atures have handicapped trade. Such
food stuffs as butter, eggs and pota-
toes have been advanced, while cat
tie, sheep and lambs are also dearcr,
receipts and supplies having been re-
duced. Coal is, of course, in better
demand, but the railways find it diff
ficult to make shipments.
In the iron and steel industry, jan
uary business thus far placed has eN-
ceeded expectations, and the leading
interest has a relatively large volume
of untitled orders on hand. Collections
show little change. ranging from
slow te fair Money is very cheap and
demand is slow.
Lower prices for provisions have
more than offset q slightly higher
range of breadstufs live stock and
most manufactured goods, SO that the
index number as OF Jan. /. 1912, shows
a Slight crease-three-tenths of one
per cent Copper sales make mp L
moderate volume and the market.
which moved up during the first part
Of the week, recedod somewhat on
Wednesday, when liquidation Of
standard copper by London specula-
tors induced re-selling here. But ia-
ter on, prices again turned upward
though business became very quiet.
The statistical situation of the metal
appears 10 be very good. Spot tin IS
in seant supply, and demand was dull
until the middle of the week, When
prices reeessions abroad stimulated
business.
Wheat including flour, exports from
the United States and Canada for the
week ending Jan, II, as reported by
telegraph to Bradstreets, san Fran
cisco. not received, this week or last,
aggregate $50, s21 bushels. against
., $50. 655 this week last year. Tor the
% weeks ending Jan. II, exports are
30. 522, S25 bushels, against 66,lSl,302 in
the corresponding period, last year
Corn exports for the week are S12,-
OBS bushels, against 1,S25S19 in 1911.
For the % weeks ending Jan. II, corn
exports are 15.S92 PA bushels, against
15.174,02S. last year.
Though wholesale business in can
ada is still quiet travellers now on the
road are beginning to book some or
ders for spring shipment. In the older
sections. jobbers of seasonable goods
report the receipt by mail of al fair
quantity of orders, but in the North
west very cold weather has made
trade quiet and hampered railway
traffic.
Business failures for the week end
ing Jan. II were 421, against S53 in the
like week of 1911; 29i in 1910; 3l9 in
1909 and 431 in 1905