The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1901-08-09
TRADE REPORT.


Bradstreets report of trade for last
week is as follows:
Copious rains throughout the west
ern half of the country have had the
expected effect of inducing a more
cheerful tone and the feeling is more
hopeful than it was a week or two ago.
Rains practically insured a large
spring wheat crop, although the dam
age done appears to have been serious,
Judging from the strength of the corn
market itself and the advices of heav-
lily reduced yields, which are reiterated
from the sections affected. 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 es-
Inmates of production are being raised.
From the rest of the country trade ad-
vices are in the main quite cheerful
and despite the intense heat and drouth
of July an extraordinarily large bust
ness appears to have been done, which
is reflected in the bank clearings for
tina; month.
Pacific coast crop advices are also
better, although shipping activity is in
terfered with at San Francisco by
strike The northwest will L~oduce
crops largely in excess Of last year. and
heavy fall trade is anticipated in that
section. The poorest advices naturally
come from the central west and south
west. but it Is significant that points
like Kansas City report that cancella-
lions have stopped and that the out
look is much better. The wooden mills
are filled with orders for fall delivery
and the spring weight season has op-
ened encouragingly. Wool is being
taken in liberal amounts by manufac-
turers and is firm, as is also London
market, at which buying for America
is reported liberal.
Prospects for the ending of the steel
strike and the better tone of crop ad-
vices have made the iron and steel
. appear cheerful. For the first time in
some weeks special activity is noted in
the cruder forms, due to the buying of
= 10000 tons of Bessemer and basic pig
iron by the largest single interests.
Finished products are as active as ever
t at all leading markets. Bar mills are
5 reported filled up with orders to the
: end of the year.
1 1t has been another weather market
2 for the cereals. Following the break
e of last week, however, wheat and oats
Y appear to have diverged from corr
e prices. The natural reaction due t.
= liquidation has weakened wheat, aided
l. by good spring wheat crop reports, rec
e ord breaking receipts of new winter
D wheat and the turn in the tide of the
: visible supplies which have begun tt
l. increase after steady decreases for sil
:. months past. The foreign crops appea
no better and reiterated advices o
damage to the French crop come thi
e week, color being given to this by tn
I. continued active export demand
e Oats have weakened with wheat AM
e flour is also weak and lower.
(. Wheat (including flour shipment
d for the week aggregate 6,463,391 bush
els, against 6,974626 bushels last week
a 1927 O3 in the corresponding week
Is 1900: 4.711,614 in 1899 and Alb
j, in 1898.
!" From July 1 to date the shipment
j. aggregate 26,2OO,972 as against 1852
1t 500 last season, and 17,255,914 in 1895
e, 1909.
s. Business failures in the United State
h for the week were 166 against 1879 las
lie week, $50 this week year ago, 10
IS in 1899. 1S9 in 1898 and 214 in 1S9'
Canadian failures for the week nun
a. Der 10 against 80 last week, and 29
Iy the week a year ago.