Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-08-03
From Bradstreet's.

New York, Aug, 2,-Bradstreet's to-
morrow will say: "Copious rains
throughout the western half Of the
country have had the expected effect OF
inducing a more cheerful tone, and the
feeling is decidedly more hopeful than
il was a week or two ago. Rains prac-
tically insure a large spring wheat crop,
although the damage already done APP
pears To have been serious, judging
from the strength Of the corn market
itself. the advices Of heavily reduced
yields are reiterated from the sections
affected by drouth.
"Bradstreet's advices point TO the
early corn crop as practically a failure
in the leading surplus-producing states
west Of the Mississippi. but late corn
undoubtedly has been saved, and as
time elapses estimates of production
are being raised.
From the rest OF the country trade
adyices are in the main more cheerful,
and despite the intense heat and drouth
of July, an extraordinary large busi-
ness appears to have been done, which
Is reflected 10 the bank clearings for that
month. Cotton crop conditions improved
In the South as a result of the recent
rains, and trade advances are CORE
spondingly more cheerful.
Pacific coast crop advlces are also
better, although shipping activity Is in
terfered with at San Francisco by a
strike. The northwest win produce
corn largely In excess Of last year, and
a heavy fall trade is anticipated in that
section.
THE poorest advices naturally come
from the central west and southwest,
but II is significant that. points like
Kansas City report that cancellations
have stopped and that the outlook Is
much better.
THE wooden mills are filled with or
ders for fall delivery and the spring.
weight reason has opened ENCOURAGING
ly. Wool is being taken in liberal
amounts by the manufacturers and Is
firm, as Is also the London market. at
which buying for America is reported
liberal.
Sugar is irregular and rather slower
In demand. Lumber Is rather quiet. in
sympathy with the advanced stage OF
the season. but prices for white pine
are firmly held"
Prospects for the ending OF the steel
4 nv 81 Nht hfAAfA ADlAt VI EIOD Hua
Vices have made the iron and steel
trade appear cheerful. For the FIRST
time In some weeks special activity Is
noted in the cruder forms, due TO the
buying of 10000 toni Of Bessemer and
basic pig iron by the largest single in
terests. Finished products are as ac-
tive as eyer at all leading markets.
Bar mills are reported filled up with
orders 10 the end OF the year.
shoe manufacturing is active des-
pite some midsummer quiet In sell
ing directions, and leather Is strong.
particularly for heavy varieties Of sole.
Hides are steady at the east and tend
w at Philadelphia and western points.
1T has been another weather market
for the cereals. Following the break
Of last week. however. wheat and oats
appear to have diverged from corn
prices. The natural reaction due TO H.
q%uldation, has weakened wheat. aided
by good spring wheat crops reports re-
cord breaking receipts Of new winter
wheat and the turn In the tide of the
visible supplies W y have begun to
increase after steA decreases for six
months past. The foreign crops APP
pear no better. and the reiterated adj
vices OF damage to the French com
this week, color being given 10 this
by the continued active export de-
mand.
Corn. after the sharp break OF last
week. has steadied up and near the
close Of the week was close 10 the
highest point reached. on alleged con.
irmation of damage caused BY the
recent hot spell previous 10 the break
Ing OF the drought. Conservative west
ern estimate point 20 a crop not ex.
ceeding 10000 900 bushels.
oats have weakened with wheat and
-four Is also weak and lower.
Wheat. including -four. shipments
for the week aggregate 6.lss. 3si bush.
els, against 6.s7i.52e bushels last week.
3,s21 ,0o3 bushels In the corresponding
week Of 1900. 47il.sl4 bushels in 1881
and 4,iil.3i2 bushels in 1895. From
July LIST to date the shipments aggre-