The Montgomery advertiser., 1901-08-03
BRADsTREEr's REVIEW.
Rains Bring About q More Cheerful
 Feeling. ss>s- "

NEW YORK, Aug. s.-Bradstreets to- morrow will say: Copious rains through out the western half of the country have had the expected effect of inducing more cheerful tone and the feeling is decidedly more hopeful than 1t was a week or two ago. Rains practically insured a large spring wheat crop, although the damage already done appears to have been seri- ous. judging from the strength of the corn market itself and the advices of heavily reduced yields which are reiterated from the sections affected. Bradstreets advices point to the early corn crop as practically ing 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 advices are in the main quite cheerful. and despite the intense heat and drought of July an extraordinar- fly large business appears to have been done. which Is reflected in the bank clear inss for that month. Cotton crop condi- tions improved in the South as result of the recent rains and trade advices are correspondingly more cheerful. Pacific coast crop advices are also better, al- though shipping activity is interered with at San Francisco by strike. The North west will produce crops 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 it is significant that points like Kansas City report that cancellations have stopped and that he outlook is much better. ...
 The wooden mills are filled with orders for fall delivery and the spring gwoig ht season has opened encouragingly. Wool Is being taken in liberal amounts bv the manuacturers and is firm, as Is also the London market, at which buying for America is reported liberal Sugar is ir- regular 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 strike and the better tone of crop ad- vices have made the iron and steel trade more cheerful For the first time in some weeks special activity is noted in the cruder forms. due to the buying of 70.00O ton of Bessemer and basic pig iron by the largest single interest. Finished products are as active as ever at all leading mar kets. Bar mills are reported filled up with orders to the end of the year.
 Shoe manufacturing is active, despite some mid-eummer quiet in selling direc- tions and leather is strong. particularly for heavy varieties of sole. Hides are steady at the aEst and tend up at Phila- delphia and Western points.
 It has been another weak market for the cereals. Following the break of last week. however. wheat and oats appear to have diverged from corn prices. The na- tural reaction due to liquidation has weak crop reports. record1breaking receipts of new Winter wheat. and the trn in the tide of isible spplies, which hae begn to in crease after steady decreases for six months past.
 The foreign crop situation appears no better and reiterated advices of damage to the French crop come this week color being given to this by the continued ac- tive export demand. Corn, after the sharp break of last week. has steadied up, and near the close o the week was close to the highest point reached, on alleged con- frmation of damage caused by the recent hat spell previous to the breaking of the drought.
 Conservative Western estimates point to a crop not exceeding 1,600.0000 900 bushels. Oats have weakened with wheat, and -four is also weak and lower
 Wheat dncluding four) shipments for the week aggregate 6,463.a9l bushels, against 6,y74526 last week. 3,S27. .003 in the corresponding week of 1900. l,6l4 in 1889, and 4.lli.312 in 1898.
 From July l to date the shipments ag- gregate S. 372. as against 13. 562, 59o last season, and r. 255, ,914 in ls99-1SO0
 Corn exports for the week aggregate 5s3.504, against 1,155.H7 last week. 3.S90005 in this week a year ago. 5.027, 706 in 1899 and 2S56, ,923 in 1898 From July to date ex- ports aggregate S.727,647. against II, 76S 923 in the season of 19oO-190l and 19.679, 459 in 1SS9-1900.
 Business failures for the week were 160, against 199 last week. 1I0 this week a year ago, 156 in 1899. ls9 in 1898. and 214 in 1897.
 Canadian failures for the week number IS, against S2 last week and 9 in this week year ago.