The Minneapolis journal., 1902-08-02
TRADE OUTLOOK GOOD
INDUSTRIAL --->AFFAIRS~,-IMPRO
But Some Hesitation i'm Buying
Pending Crop Mo
turity. -

New York. Aug. 2.-Bradstreet' 8 to-day
says: Trade Is quiet, while attention%ls con-
Generally lower prices tor. tarm. products
point to the former being lSSgely favorable.
Though weather conditions OF late have been
weather have not been efraced or repaired. AS
for the tall and winter outlook. however,
the best Is predicted. 80 -: -,
In industrial ana4rs the outlook. Is certain.
ly satisfactory. Tie iron ana steel situation
Is still largely a strong one, but isolated ex'
ainples OF weakness are IN sight lhe raii-
way situation Is one nf the best III years. ana
marred only by the prospect OF car snortages
later on reducing OF curtasiing Industrial op-
erations
Fiscal year earnings re lrns are exception
ally sood, and il is prooaoie that taken as
whole. the railway earnings for the half year
WIll exceed 1901, despite reduced anthlacite
Cotton has weakeneo quite steadily on re-
ports ports os good growipg crop conditions.
Dry goods trade reports are quiet. Some
improvement Is noted at eastern markets,
but the fall jobbing trade proves to be later
sheddings and other cottons is noted in
wholesale circles. Spring styles in woolens
opened this week are, as predicted. shown at
Is steady ana higher grades are nelu sever al
cents per pound higher than last year.
New business in shoes at Boston IS con-
Hi1eu largely 10 sample lots. Sn!pIueuIS, a1UeI
a temporary squirt, are again shrinking.
Leather is In better demand, eastern shoe
manufacturers being reported taking freely
| IN tho west, but tanners complain OF hign
! cost OF hides, while shoe manufacturers note
| high cost OF leather. and low cost OF their
| finished product.
New business in pig iron for 1908 Is still
| of good volume, but not active as earlier
| Current deliveries are still delayed or in
sufficient, though helped out by freer- i'm
portations OF foreign lron. The production
! tor the fiscal year ending June so was in
first half Of 1862 exceeding all records. II
the reduction in stocks ana the increased tm.
ports considered, consumption Of 500,
OGo tons in excess Of this Is shown to have
occurred and the estimated out-turn OF S,0O0,,
COZ tons for the calendar year Is seen to bs
practically needed.
Fully one-haf of the steel rail output fol
1903 is already booked, and structural mills
are also heavily sold ahead. Tin plate mills
are, however, not busy, and sheets are quie
and dull. Hardware is active, especially to-
building. The 1901 record Of building viii
and higher at the west, and is recovering
from summer dullness at the east, Receipts
and shipments are far ahead Of last year a
all points.
Wheat, including -four, exports for the ,weel
ending July 81 aggregate 4, 1886, ,534 bu, agatus
this week for last year. Wheat exports sine
July aggregate 1888, 900 bu, against 6,20l,
!, 03s bu last season.
Corn exports aggregate 2s.4o5 bu, agains
9,61l bu last week and $50, ,604 bu last year
For the fiscal year. corn exports are 4S7 81
/ bu, against 7.727.s last season.
Business failures for the week ending Jul
81 number 16S, as against ITS last week. 16
in this week last year, 1I3 in 1900, los In 1895
and 189 in 1898.