Omaha daily bee., 1902-07-19
BRADsTREET's REVIEW OF TRADE.
Prevailing Conditions Tend for
Optimistic Feeling in Trade.

NEW YORK, July I8.-Bradstreet's says:
Weather, crop and industrial develop
ments have been largely favorable, and
coupled with the great ease of money, made
for an optimistic feeling in trade and specu-
lation. AS stated some time ago, and con-
firmed by recent reports, the future seems
present does not in all instances present
so satisfactory an appearance. Warmer
weather has continued to help retail dis
trieuuon, but has not In all cases made up
for, the disadvantages caused by the here
tofore backward season.
With few exceptions summer resort bust
ness has not equaled expectations.
Railway earnings are really fiattering.
June returns on nearly 100. 900 miles of road
show an aggregate gain of s per cent on
last year. In the matter of actual business
Improvement is noted in the demand for
finished products of iron and steel and
lumber seems to be recovering from the
temporary depression noted at the begin
ming of July.
The shoe trade, and, naturally, hides and
leather, heretofore backward, have begun
to show a favorable side and the strength
noticeable.
The dry goods trade. taken as a whole,
is rather quiet, but increased interest is
shortly to be expected.
Good growing weather is reported the
country over and corn and cotton reports
are generally more favorable. The south
ern peach yield has been large and fruits
generally a done we'll.
Iron and steel trade conditions are sur
p~risingly good, to none more so than the
manufacturers themselves, who at the
middle of July find their output for the
last half of the year practically cooked.
The scarcity of pig iron amounts to some
thing approaching. a famine, owing to re-
of numerous eastern furnaces. Numerous
orders for pig iron for the first half of
next year have been booked, both by north
ern and southern furnaces. The position OF
the latter has been much improved by the
settlement Of the coal strike in the Birm-
ingham district. Heavy sales of finished
ma tprial are renOrtad at Chioa 90 and ptNta-
burg. this week. Bar iron, structural ma
terial. rails and in fact all of the heavier
manufacturers have been free buyers.
Hardware has been exceptionally active.
Some western shovel manufacturers report
class. OF material. Wire cloth is active
and large orders for material are booked.
Machinery, saws and stoves are active at
at the top in practically all lines.
Wooisn goods are still anist in the east,
received from western and southern manu-
facturers indicate a good business. Wool
strengthening perceptibiy, eastern quota
tone is more optimistic in this trade, helped
as II is by hrmer prices in London.
1t has been a waiting market for cotton.
declined to induce new commitments. A
better tone is noted in the manufacturing
branch, particularly In print cloths, which
are said to be increased In inquiry at Fall
River.
The industrial situation is better than Il
has been for some time past.
Wheat, including flour, exports for the
week ending July II, aggregate 8,755. 222 bu.,
against 4,404, lis last week and 5,221, $50 in
this week last year. Wheat exports since
July / aggregate s,l24,nl bu., against
IL. $50, SOL last year.
Corn exports aggregate 1876. 175 bu., against
1S,1S1 last week. For the fiscal year. corn
exports are s7s,79I bu., against 6,6Os,7s7 last
season.
Business failures in the United States for
the UuaaE anntn0 IMlU II nNYRaknE TIA na
against 1917 last week, 20S In this week last
year. r.
Failures in Canada number seventeen,
against t~wenty-eight last week.