The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-13
Dealers in Many Sections Are
Holding Back Orders Until
the Crop Output Is More
Fully Known.

New York, July 12.-Bradstreets to-mor-
row will say:
Varying commercial and Industrial conditions
make It difficult to strike In a sentence the key
note OF general trade for the week. In the East
business appears to be OF a midsummer character.
while in the Southwest conditions have been ad-
versely affected by drought and hot weather re-
ports. which supernduced a tendency on the part
of many to cancel orders previously given. In
the Northwest, on the contrary. business seems to
be quite active as the result Of excellent crop
conditions. and credit is reported being freely
granted but. In the middle West the tenor Of
trade ia apparently slow, while In the South
ordinary conditions are noted But for the week
the important developments seem to have been
the rampant speculation in corn and oats. due to
reports of exceedingly heavy damage In the Mis-
souri, Valley belt. the nervousness OF the stock
market and u somewhat troubled railway rate
situation. together with \ more favorable feeling
in labor circles.
DiscOuraEinE Crop Reports.
The crop reports to the Agricultural Depart
ment point to reduction OF 10000 acres from
the area planted last year. with q lowered condi-
ton as compared with July year ago. and as a
result the statisticians are figuring on a crop Of
only a.09s. 900 bu., which may be regarded
somewhat above the probable yield II account
be taken OF the decline In condition compared
with the average for the season last year For
the wheat crop. q whole. q total OF 7o4 900
bu is figured out. also seemingly, an estimate
which may have to be revised in the direction
of reduction. The wheat remaining in farm
efS' nanuS Is eStln6teQ AT Sl,VW,UU Ou., WHICH
is less by 10000. 900 bu than on July year ago
The oats crop shows a decline In condition lor
s vi ana Slight
the menth. but considerable advance as COM
There is firmer and better feeling in the Iron
and steel market though new business booked
ceptlng orders for delivery in 1862 at SIS per ton
and the position is regarded as being rather
ade or to o
had been placed with the Carnegie and Jones and
men. who were holding out with the hope that
the price would be lower. Blast furnaces stat
from tons ' en June Int to
July /. but consumption seems to have almost
n after Soaring on specuatNe
broke toward the end Of the week, as the result
Labor troubles so far as surface indications 60
are approaching an amicable adjustment
Wool Conditions.
In wool the situation shows Improvement. but
no speculation appears Some mills that have Sc
cured fall orders are covering by buying raw
territory: fne medium AID llne: offerings s., q
woods are quiet and some Australian woods have
Sn the soo hs f
active. - . s>' '
Gross railway earnings for the month Of June.
as compared with So, io7 81 for June last year.
an increase Of SIS per cent in favor Of the month
Hides, Leather. Shoes.
Leather is inactive domestic and export de-
mand. and so are hides and ski:s. In shoes
fair line OF business for prompt shipment Is re.
ported. but forwardings are below those Of last
week, owing to the holidays, amounting. as they
do, to Isl cases against 1ol 76l cases last week
and SAILS cases for the week In 1900.
Neither dry goods nor cotton goods are as
active as last week. the holidays affecting bust
ness. but the undertone lie strong.
With the Cereals.
Corn and oats, to be expected, showed
the heaviest gain for the week in cereals. though
wheat. which was weak at the outset. was firm
toward the close on heavy buying orders and in
sympathy with corn. Hogs were active through
out the week on scarcity Of supplies. and pork Is
unchanged at the close. though at one time 1t
advanced in sympathy with hogs and the &C.
tfvity In corn In cotton the market was irregu-
lar and professional. the tendency bsing to wait
until conditions became batter or WORSE Texas
meteorological conditions played an important
part In bringing about price changes. which were
lower the week. Wheat. including flour.
shipments for the week aggregate 5.0l6, 140 BUSH
els against 37s7 $50 bushels last week. 1.S29. 80
in the corresponding week OF 1900 SIS in 1893.
and 29I0 s27 in 1885, Corn exports for the week
40220es bushels. in this week one year ago s53.-
80. and 3Sz218 in 1888.
Business failures in the United States for the
week were 49, as against l45 last week. 22l this
week year ago. ia in 1899. 23S In 1895. and 22i
in 1897.
against u last week and Is last year and q In
1899.