Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-07-27
SOUTH PR0SPERS.
Heat and Rain Greatly Aids the
Cotton Crop.
Short Wheat Crop Even Promises as
Much as Last Year.


New York. July % Bradstrect's. to
morrow. will say:
Dry weather i'm the great surplus
grain producing regions west of the
Mississippi river has furnished the
leading topic Of discussion this week.
However. IL is pointed out that the
sections most affected realized a large
wheat crop at good prices. that other
foodstuffs for cattle and hogs are in
good supply. and that a crop of 1850
200 bushels would ut present prices re-
turn as much money to the farmer as
old 2l00 900 eco bushels last year.
Heat and needed rains have ma
tcrially improved the cotton crop out
look and the tone advices from the
South is better than for some weeks
past.
Dry goods jobbers are in receipt OF
recorders for summer wear goods from
other sections. The steel strike is APP
parcntiy regarded as of less Importance
than a week ago. Building is active
and white pine lumber tends upward.
4Q6fs and shoes are moving into con-
Sumption in large quantities, textiles
are steady and wheat exports will
probably go far to replace smaller ship
mentS OF otHer grains
Wheat. including flour shipments for
the week aggregate 6,9.4.526 bushels.
the second largest weekly total ever
reported. against 2.363.143 bushels in
the corresponding week of 1900.
Corn exports for the week aggregate
1.1o5216 bushels. against 3.26i.i45 bush
els in this week year ago.
Activity in textiles this week centers
in the WOODEN goods trade. The lower
range of values has tracted consider
able business as the feeling is that the
outlook is favora BILE.
Needed rains in Texas and the Gulf
region and hot weather and rains in
the South Atlantic region have i'm
proved cotton crop advices and the
trade reports in those regions and re-
duccd spot cotton SIG pound. Dry
goods jobbcrs are busy at the East.
and Western iobbers report that hot
weather has induced good recorders for
light stuffs.
Shoe and leather conditions continue
satisfactory. shipments of shoes from
the East being again very large and
zoo 900 cases ahead for the season In
sole leather special activity is noted in
heavy sorts at Philadelphia. while at
Boston upper leather is quite active.
A rise Of per cent. on all red leather
is predicted.
Summer dullncss and the strike DOM
mate the iron trade but the active de-
mland for finished products such as tin
plates. iron and steel bars, hoops and
sheets is reducing iobbersp stocks rap
idly and causing high premiums, such
as sis on sheets $50 on tin plate. s. on
hoops and s. per ton on bar IRON and
skeIp at Pittsburg. Pig iron production
continues large. For steel rails. some
business has been placed for next year
at SIS.
Bank clearngs for the week aggre-
gate 3 .096 l25. 621. a decrease Of IL per
cent. from last week. but a gain of -
FER cent. over this week a year ago and
OF II per cent over 1891.
BuSin' sS failures in the United States
for the week were 1879 aSc against 20S
last week
Midsummer influences tend to limit
rev business in Canada. but the vol
umC Of shipments on orders is appar-
emily ~ tn last year. Toronto reports
olderS for fall delivery ahead Of last
year in most lines. and goods are of {;
better class. The Northwest is pur.
chasing more. expecting as it does t.
double its wheat production. but hca'
and rust have deteriorated spring
planted wheat in some districts of on
tario Montreal reports dry goods job
bers busy on shipments. while grocer
cries and hardware are in good de
mand. Dry weather has rather shaded
crop prospects in Quebec province. bu
the prospect as a whole is still good
Trade continues in the maritime prov.
inccs are satisfactory and there is {;
prospect Of a large fall trade.
Failures for the week number -. Il:
against ~ last week. Clearings for til,
week aggregate LISA, i23. n decreas,
of II per cent. from last week. but
gain of Is per cent. over last year.