The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-26
CORN AND OTHER CROP cONDl-
TloNS IMPROVE AND HELP
4 BUSINESS OUT
MUCH STRENGTH SHOWN
4 IN IRON AND STEEL
Coal Reaches the Pinnacle as to Price
Railroad Earnings and Bank Clear
ings Reveal an ncrease-NotabIe
Activity in Hardware-SIightly In
creased Number of Failures.

NEW YORK, July 25.-BradstFeet's
tomorrow will say: Crop conditions,
particularly as to corn and cotton, have
further improved, and the confidence in
fall trade shows no diminution, but
rather an increase. The best advices
come, as heretofore, from the North
west and Southwest. Weather condi-
tons in the East have been depressing
to trade in seasonable goods and fall
trade in dry goods promises to be late.
further Improvement is, however,
noticed in shoes and leather and wool
is again higher in price, despite manu-
facturers holding back buying.
Among the industries iron and steel
are easily first in activity and relief
from the so-called pig iron famine is
sought in freer importations. The fruit
season is now in full swing and sugar
consumption is at its full and promises
to be very heavy. Anthracite coal,
stove sizes, has reached the pinn1cle.
Produce is still high, despite f1atter-
ing crop prospects, oats have suffered
the predicted squeeze and reached the
highest price of a generation, range
cattle and Texas hides have surpassed
all records and fine tobaccos have also
reached best on record quotations. On
the other hand, the cereals, cotton and
hog products 4efiecting the improved
crop reports are lower. Coffee, though
galvanized by speculation, drags pain
fully, owing to large stocks and good
crop conditions. 1t is noted by West
ern harware men that there will be no
dull season this year. Railroad earn
fngs show gains of over 5 per cent so
far for July, and bank clearings have
begun to show gains earlier predicted
over last years totals, reduced as the!
were by hot weather and drought eff
fects on speculation. Crop reports to
Bradstreet's are especially good from
the Southwest, where corn and cotton
have, been favored by good growing
weather.
Iron and Steel Strong.
With pig iron consumers clamorous
for supplies, the balance of this years
production already booked and free
buying for the first half of next year at
only 81 per ton less than at current
rates and foreign iron imports large,
the iron and steel trade in the cruder
forms possesses exceptional elements
of strength. Buyers of structural iron
tus
ders are large, and bar and sheet sales
are large, though not as heavy as last
week. In hardware the activity is not
able and the change of seasons appars
to bring not let up in the demand Tin
and copper have weakened under freer
offerings.
Wool is not especially active, but is
held higher at leading Eastern centers
Some Improvement is noted among
New York; dry goods jobbers, but the
feeling grows that the season will be
rather later than usual Cotton gods
are practically unchanged in price.
Reports Of Southern mills under bid
ding Fall River for print cloths at
tracts some attention.
Wheat, including -four exports for
the week ended July "a, aggregate
3,9SO969 bushels, against 3,775. 222 bush
els last week and 6,974,526 bushels in
this week last year. Wheat exports
since July l aggregate 13,765,306 bush
els, against 19,737,647 bushels last sea-
son. Corn exports aggregate 1851
bushels, against 1869 bushels last
week and 1,155,276 bushels last year.
For the fiscal year corn exports are
459,4O5 bushels, against 7,164,O43 BUSH
els last season.
Business failures for the week end
ing July "a number 17S, as against 174
last week, 1919 in this week last wear.
1873 in 1900, ITO in 1899, and 1S9 in 1898,
For Canada failures number Is, against
II last week, and 80 in the week last
year.