The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-03
MORE HOPEFUL OUTLOOK.
Bradstreet Receives Reports of Cen
orally Better Conditions.

NEW YORK, Aug. 2.-Bradstreet's to-
morrow will say: "Copious rains through
out the Western half of the country lave
had the expected effect of inducing a
more cheerful tone, and the feeling is de-
cidedly more hopeful than it was a week
or two ago. Bradstreet's adyices point
to the early corn crop as practically a fail
ure in the leading surplus-producing
States west of the Mississippi, but late
corn undoubtedly has been saved, and, as
time elapses, estimates of production are
being raised. From the rest of the coun-
try trade advices are in the main cheerful,
and despite the intense heat and drought
OF July an extraordinarily large business
appears TO have been done, which is re-
fected in the bank clearances for that
month. Cotton crop conditions improved
in the South as a result of the recent rains.
ana trade advlces are cor~respondingly
are also better, although shipping activity
is interfered with at San Francisco by
a strike. The Northwest will produce
crops largely in excess of last year, and
a heavy fail trade is anticipated in that
section. The poorest advices, naturally.
come from the central West and South
west, but IL is significant that points like
Kansas City report that cancellations have
stopped and that the outlook is much
brighter.
The wooden mills are filled with orders
for fall delivery. and the spring weight
season has opened encouragingly. Wool
is being taken in liberal amounts by the
manufacturers and is firm, as is also the
London market, at which buying for Amer
lea is reported liberal. Sugar is irregular
and rather slower in demand. Lumber is
rather quiet, in sympathy with the adj
vanced stage of the season. for prices FOR
white pine are firmly held. Prospects for
the ending of the steel strike and the bet
ter tone of crop adVices have made the
iron and steel trade more cheerful. For
the first time In some weeks special activ-
iy is noted in the cruder forms. due to
the buying Of 10000 tons of bessemer and
basic pig iron by the largest single inter-
est. Finished products are as active as
ever at all leading markets.
1T has been another weather market for
cereals. Following the break of last week,
however. wheat and oats appear to have di-
verted from corn prices. The natural reac-
ton due to liquidation has weakened wheat,
aided by good spring wheat crop reports,
record-breaking receipts of new winter
wheat and the turn in the tide of visible
Supplies. which have begun 10 increase
after steady decreases for six months past.
The foreign crop situation appears no bet
ter and reiterated advices of damage TO the
French crop come this week, color being
given TO these by the continued active ex-
port demand. Corn, after the sharp break
of last week, was close to the highest point
reached. on alleged information of damage
caused by the recent hot spell, previous to
the breaking of the drought.
Wheat, including flour. shipments for
the week aggregate 6.463. 392 bu. against g.
794. 526 last week. 1897. e03 in the correspond
ing week of 1900 and 4.Tl.61i in 1893. From
July l To date the shipments aggregate
26, 200. 372 blu, as against Is. So, 595 last sea-
son and 17.250. 9l4 in IS9y-l90. Corn exports
.l55. 216 last week, 3.SS0.gS in this week a
year ago and 5,021, zoo in 1899. From July ] 10
date exports aggregate 1727.G47 blu. against
IL, 76S. 500 last year and 1863, 459 in 1S99-l9O0.
the week were leo. against 1873 last week, 10
this week a year ago and 155 in 1899"