The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-13
DROUGHT AND HOT WEATHER
HAVING EFFECT ON TRADE.
In the Industrial Markets the De-
mand Continues and Trade Is
Active, Despite Unfayor-
able Crop Reports.

New York. July 12-R. g. Dun & Co.'S
weekly review Of trade tomorrow will say:
General business continues Its even course,
with all the leading industries well employed and
with confidence expressed every hand Bounti.
fui crops OF wheat seem assured and tho damage
OF corn while considerable In some directions.
does not promise to be sufficiently general or
serious to at all impede the progress Of the coun-
try.
Labor troubles are in process OF settlement
and spectators have been responsible for most
Of the unrest which has been reflected In the
market.
The Steel Market.
steer mills are actively employed, and there 10
distinct Improvement in the demand for I'm
tshed products. while quotations without al
teration In bars for use by makers OF agricui-
plates are taken readily and there Is no sign OF
diminished purchasing in structural material
Rails are ordered freely, with notable pressure
Tor trolley and other light weights. Billets are
more quiet and few new transactions are record
ed In pig iron. The total number Of pig iron
furnaces In blast on July !, recorded by the
Iron Age. was but three less than month pre-
vious and the weekly capacity was slo.s5O tons.
Although this Is trifiing decrease OF $3.50 Tons
conpared with the production Of June / It lar
exceeds al earlier records. On July ]. 1900 Ine
SSS tons. The most startling and gratifying lea
lure OF the situation is the decrease OF lSi ,,
put AT the rate of over 16.loo.N,O tons annually.
Leather and Footwear.
Improvement Is general In the footwear inuuS-
try. although NO higher prices can be obtained.
Leather Is in gooa demand and firm. but with
out quotabie change in price, The large buyers
the prices demanded by Importers. and trauins
The Textile Trade.
Textile lines are settled in a steady position
that promises more lasting prosperity lnan II
prices had been forced higher or sensational ae
tivty had followed the altered attitude OF buyers.
Heavy-weight woolens are securing duplicate pr
ders and mills are making extensive preparation
ven sna IN
raw material. Wool has not altered in price. but
s saa 10 be selling ahr
while many ranchmen refuse to do any business
at nresent prices.
new. recent advanced prices being fully SUSTAINED
and mills keeping wheels in motion as rule.
the old crop and many bright dispatches from the
South having more effect than stories of drought
The Crop Outlook.
Grain crops this season are occasioning much
uneasiness among spenulators, owing to the ex-
latest official and unofficial prognosticatiens
there is reason to anticipate the heaviest wheat
allowances a for domestic eonsamS.ion. even with
the small supplies on hand when the year year
opened there available for q ,e Sesr
OF greatest shipment. Yet prices are far above
the low record and vigorous rallies follow each
Extensive needs abroad continue. the move-
Hent from Atlantic ports for the week amounts
year ago. and Western receipts. were 4.57s,s7s
bushels. against 261s.677 bushels last year. Corn
snes gay sns to e.s than
sushss This cereal sl, L now ., at 80. an
ers win not buy freely at the enhanced value;
United States, against iss last year. and q IN
Canada. against "a last year.