The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-03
A MORE HOPEFUL FEELING.
Rains 10 the West Have Produced
Brighter Aspect.
TRADE ADylcES ARE QUITE CHEERFUL
Cancellation Of Orders induced by the
proush Have About Stopped--lndus-
tries Are Reasonably Active.

New York. August .. --Bradstreet's tomor-
row will say. Copious rains throughout
the western half OF the country have had
the expected effect Of inducing a more
cheerful tone and the feeli%g Is decidedly
more hopeful than II was week ago.
Rains practically insured large spring
where crop aud although damage already
done appears to have been serious, Judging
from the strength Of the corn market and
the advjces Of heavily reduced Yields which
are reiterated from the sections Affected
Bradstreet's advices point to the early
corn crop as practically failure IN the
leading surplus producing States west OF
the Mississippi, but later corn has undonbt.
edly been saved and as time elapses esti
mates OF production are being raised From
the rest OF the country trade adviees are
IN the main quite cheerful and despite
the intense heat and drouth OF July and
extraordinarily large business that appears
10 have been done. which Is reflected In
the bank ciearings for that month";
Cotton crop conditions improved In the
South as n result OF the recent rains nnd
trade advices are corresnondlngly more
cheerful Pacific coast crop advices are
also better although shipping activity Is
lnterfercd with at san francisco by
strike The Northwest will produce crops
largely In excess Of last ycer. The POOR
est advices naturally come from the Cen.
tral West and SoHtnWest, put II is slgnlh-
cant that points like Kansas CITY report
that cancellations have stopped and that
the outlook Is much better,
The wooden mills are filed with orders
for fan delivery and the spring weight
season has opened ENCOURAGEMENT. Wool Is
being taken In liberal amounts by the man
don market, AT which buying for america
is reported liberal Sugar Is irregular and
rather slower IN demand, Lumber Is rather
quiet In symapthy with the advanced stage
of the season. but prices for white pine
are hrmly held.
Prospects for the ending Of the steel
strike AMI fhe better tone or crop advices
have made the iron and steel trade more
cheerful. For the FIRST time In some weeks
due to the buying OF 10000 tons Of Res.
single interest. Finished products are as
mills are reported filled 40 with orders
TO the end OF the year.
shoe manntaeturns Is active. despite
heavy varieties Of sole. Hides steady Al
ne E2s s on2 tend bnd bcao ra
Weather market for cereals
Following. the break OF last week. how
verYed from corn prices The natural re.
action due TO liquidation has weakened
yo hcat aide, aidel by go spring cron renorts,
wheat and the turn In the tide of vlsihle
Supplies. which have begun to increase
after steady decreases for SIX mnntnS.
The foreign crop situation, It appears,
e no better and reiterated advlces az
damage "a the French crop come this week,
color being given 70 this nv the continued
active export demand Corn. after the
SHARP break of last week. has steadled i'm
and near the close OF the week was close
to the highest pont reached on alleged
/ continuation Of damage caused by fhc re.
cent no spell previous 10 tho breaking Of
the drouth Conservative Western csti
mates point 70 n crop not exceeding 900,
| 1tLpru bushels oars lave weakened and
With wheat ana -four is also lower