The Brandon news. (Brandon, Miss.) 1892-1961, 1902-08-07
REVIEW
OF TRADE
The Best Predicted for Fall and
Winter Outlook.
COTTON WEAKENED
On Reports of Good Growing
Conditions, Tough Flood Dam.
age Helped to Steady Prices.

Trade is quiet, while attention 10
concentrated on crop and industrial
developments. Generally lower prices
for farm products points to the FORM
~ being largely favorable. Though
weather conditions of late have been
more favorable, effects Of earlier
backward weather have not been ef-
faced or repaired. The best is pre-
dicted for the fall and winter out.
look.
In industrial affairs the outlook is
satisfactory. The iron and steel sits-
alton is still largely strong one, but
isolated examples Of weakness are in
sight. The railway situation is one
of the best in years, and the outlook
IS to tonnage is fattering one,
married only by the prospect of car
shortages later on reducing or cur
failing industrial operations. Fiscal
year earnings returns are exception.
ally good, and it is probable that taken
as a whole the railway earnings for
the half year will exceed 1901 de-
spite reduced anthracite coal car
riers' earnings.
Cotton has v eakened quite steadily
on reports of good growing crop con-
ditions, though rain and dood dam
age reports from Texas helped to
steady prices on some days. Some i'm
provement is noted at Eastern mark
cts, but the fall jobbing trade proves
to be later than usual in arriving.
Some weakness in sheetings aud other
cottons is noted in wholesale circuits.
Spring styles in woolens opened this
week are, as predicted, shown 1t ad-
vances on last season.
Wool, though quiet, is steady and
higher grades are held several cents
per pound higher than last year. New
business in shoes at Boston is con-
fined largely to sample lots. Ship
ments, after temporary squirt. are
again shrinking. Leather is in ! ter
demand, but tanners complain of Ugh
cost of hides, while shoe manufar 7ur-
ers note high cost Of leather and low
cost of their finished product.
New business in pig iron for 1909 10
still of good volume, but not so ac-
tive as earlier. Current deliveries are
still delayed or insufficient, though
helped out by freer importations of
foreign iron. The production of the
fiscal year ending June 80 was in ex-
cess of 1900, 600 tons, the output in
the first half of 1902 exceeding all
records. If the reduction in stocks
and the increased imports are cons:d-
cred, consumption of 500, 600 tons ex-
ecess of this is shown to have &C.
Cured, and the estimated output of
Is, OOO. 600 tons for the calendar year is
seen to be practically needed. Fully
one-half Of the steel rail output for
1908 is already booked and structural
mills are also heavily sold ahead.
Tin-plate mills are, however, not
busy, sheets are quiet and wire is
dull. Hardware is active, especially
for building. The 1901 record Of
building will be surpassed this yeer.
Lumber is stronger and higher at The
West, and is recovering from sun aer
dullness at the East. Receipts and
shipments are far ahead of last year
at all pionts.
Wheat Cincluding four) exports for
the week ending July 81, aggregate
4, 388, 5S4 bushels, against $3.50, 800
last week and 6, 463, 391 in this week
last year. Wheat exports since July
aggregate 10, 173, $40 bushels. against
26, 2O1, O38 last season.
Corn export aggregate 8,4O5 BUSH
els against 1851 last week and $685.
GOA last year. For fiscal year corn
exports are 487, $40 against 7,727, 647
last season.
Business failures for the week end
ing July 81 number 1853 as against lis
last week 100 in this week last year
173 in 1900, 1856 in 1899 and 1S9 in 1898.