Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-07-27
TIE TRADE OUTLOOK
The Continued Drouth Has Had
Bad Effect on the
Markets.
All Kinds of Produce Scarce and
and Prices Hieher...0utlook
Not Bad.
Cotton Crop Promises to Be Good
and Wheat is Plentiful.
Trade Reviews.

New York, July 27-Bradstreets to-
day says:
Hot and dry weather in the great
surplus grain producing regions west of
the Mississippi river has furnished the
leading topic of trade speculative dis
cussion this week. Cereal prices quickly
responded to the flood of bad reports,
and stocks were correspondlngly weak
er, but good rains in the spring wheat
and northern corn belt later on caused
reverse movements and the growth of a
better feeling. Produce particularly
butter, vegetables and eggs, notes the
effect of the unfavorable crop and
weather conditions, and is high and of
in active consumption and tend upward
while raws are firmer.
"Other trade developments are rather
more hopeful in tone. Heat and light
rains have materially improved the cot
ton crop outlook. The steel strike is
apparently regarded as of less import
ance than it was week ago, aud the
petering out of the coal mine tiremen's
and the machinists' strikes have re-
suited in the resumption OF work in
many lines. Building is active. and
white pine lumber tends upward. boots
and shoes are moving into consumption
in large quantities. textiles are qui,e
steady in tone. and strength of foreign
demand for our wheat makes 1t prob
able that exports of this cereal viii go
far to replace smaller shipments o. 9TH
er grains.
Wool is in steady demand to cover
orders received by manufacturers for
winter and spring weights fine terri
tory woods holding the lead in business.
Fleece woods are quiet, hut a fair bust
ness is doing in South American quar-
ter-boods.
Shoe and leather trade conditions
continue quite satisfactory. while leath-
er has shown an Improvement In de-
mand
Wheat Nncluding -FOUR shipments
for the week aggregate 69T4.526 bushels
the second largest weekly total ever re-
ported. against 522l.Ss0 bushels last
week. and 2.36s.74S in the corresponding
week of 1900 From July to date the
shipments aggregate l9.736,S9l. as
against 10.2s5.592 last season. Corn ex-
ports for the week aggregate 1.l55.27f
bushels against 1,714.os1 last week and
July to date. exports agg1regssate kiSIrr.
o4S. against 13,sIs,5O0 in the season OF
1901.
business failures in the United
states for the week We're 100. as agains;
20s last week. ls3 this week n year ago,
10 in 1889. $50 in 1898, and $50 in 1897,
r. q. Dun & Co.'S Weekly Review OF
Trade says:
: fortnight of the steel strike has
passed without materially altering the
position of the contestants or adversely
affecting the industry as a whole. Ex-
ceptional activity is noticed at the mills
not affected by the strike, and the
movement of structural material for
bridges buildings and track elevation is
still heavy. Steel bars for agricultural
implement makers are firm in price and
freely purchased. Railways seek freign.
cars, and rails are sold for e.envery next
January. New lines of wooden goods for
delivery after Oct. /. opened at moder.
ate reduction from last year $ prices. as
generally expected by the trade. sun
plies of heavy weight goods have been
reduced to a satisfactory point. and the
situation in all branches of the Industry
is such as to engender confidence. Raw
WOOL, however, thus far fails to reflect
the Improvement. quotations remaining
unchanged at the lowest average price
In four years. Cotton goods are duh.
neither buyers nor sellers exhibiting any
eagerness to make preparations. Varia-
tons In the corn market on Monday in
Dictated manipulation of stock market
interests. The weather reports alone
were not sufficiently distressing to carry
the September corn option at Chicago TO
within small fraction of 60 cents.
while the withdrawal of support caused
sales cents lower the following day.
High prices prevailed turnout the week.
however and 2449921 bushels OF old corn
wer taken out of the cribs and marketed
at big profits. Foreign buying is in
insignificant Wheat prices are more
rational and the movement is heavy"
CROPS IN WRIGHT.