The Minneapolis journal., 1902-07-26

THIS THE GENERAL EXPECTATION
a3t.' .
Based on Favorable Crop Re-
"I ports From All
~ te 81 Sections. gg>

New York. July 26.-Bradstreet to-day says:
Crop conditions, particularly as to corn and
fidence in fall trade shows no diminution, but
rather an increase. The best ad7ices come,
as heretofore, from the northwest and south
west. .a
Weather conditions in the east have been
depressing to trade in seasonaole goods, and
fall trade in dry goods promises to be late.
A further Improvement is, however, noticed
in shoes ard leather, and wool is again
higher in price, despite manufacturers hold
ing back buying. = .~. -s.a
Among the industries, iron and steel are
easily first in activity, and relief from the
so-called pig iron famine is sought in freer
The fruit season is now in full swing and
sugar consumption is at it's full and prom
ises to be very heavy Anthracite coal, stove
sizes, has reached the pinnacle. Produce, Is
still high, despite hattering crop prospects;
oats have suffered the predicted squeeze and
reached the highest price of generation,
range cattle and Texas hides have surpassed
all. records and fine tobaccos have also
reached best on record quotations.
hog products, rejecting the improved crop
reports. are lower. Coffee, though galvanized
by speculation, dragss painfully, owing to
large stocks and good crop conditions. 1t
Is noted by western hardware men that there
will be no dull season this year. -
Railroad earnings show gains Of over per
cent so far for July, and bank clearngs have
begun to show the gains earlier predicted over
last years totals, reduced they were by
hot weather and drouth effects on specula-
ton. Reports to Bradstreets especially
good from the southwest. where corn and
cotton have been favored by good growing
weather.
With pig iron consumers camorous for sup
plies, 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 material are engaging
far ahead, steel rail orders are large, and
bar and sheet sales are large, though not as
heavy as last week. In hardware the activity
is notable and the change Of seasons appears
to bring no 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 i'm
goods jobbers, but the feeling grows that
the season will be rather later than usual.
Cotton goods are practically unchanged in
price. Reports Of southern mills underbid-
ding Fall River for print cloths attract some
attention.
Wheat including four exports for the
week ending July "a, aggregate 3,9S0,S69 bu,
in this week last year. Wheat exports since
July aggregate 13,765,3O6 bu, against 49,
737. SAT bu last season.
Corn exports aggregate 1851 bu. against
13o,679 bu last week, and 1.155,276 bu last
year. For the fiscal year corn exports are
459 .4o5 bu. against TIC 4.o4a last season:
Business failures for the week ending July
"a number ITS, hs against ia last week. 1873
In this week last year, 1S3 in 1900, ITO In 1899,
and 189 in 1893. For Canada failures number
is, as against II last week and 80 in the week
last year.