Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1903-08-11
| New York.

Further evidence OF the
NbT I0Ik solid basis upon which le-
0-----J Ultimate trade is establish
ed has been furnished 10y the equanimity
with which commercial and financial in
situations regard the recent speculative
collapse. Much more harm has been
done to the country's manufactures and
trade by the inflated prices of cotton
than by the depression in stocks. Re-
ports are almost unanimous as to the
heavy distribution of merchandise, and
TINS IS shown Statstically by the increase
IN railway earnings thus far reported for
July, 10 per cent over last years and
23.l per cent above 1901" according to
X. q. Dun n Co.'S Weekly Review of
Trade. Continuing, the report says:
As a rule retail trade in summer fab
RIGS has continued heavy, and jobhers
report fall business opening well. Labor
is well employed throughout the coun-
try except where voluntarily idle.
Agricultural news is favorable. For
eign trade is maintained. both exports
and imports from this city showing gains
over the CORE ponding week last year
Moderate improvement is noted in the
tone of the iron and steel industry. There
is striking absence Of urgent orders, how
ever, especially in lines outside of rail-
way equipment. There is less anxiety
regarding the danger of over-production,
although dozens of new blast furnaces
are IN course of construction, and an ac-
tive capacity of twenty million tons an
nually is now assured
Gables report spirited bidding by Eu-
ropean rail mills for large contracts in
America that home producers cannot con-
slider, owing to their over-sold condition.
Coke is moving freely. but the Alabama
coal strike still disturbS furnacemen. An
other decline has taken copper to about
13 cents.
In cotton goods orders are placed only
upon condition of prompt delivery, yet
1t is significant that stocks do not ac-
cumulate at the mills, which are steadily
increasing their percentage of idle ma
chinery. Consequently prices are fully
sustained rendering a good profit to the
manufacturers who hold raw material
purchased at normal prices.
Failures this week were 100 j.. the
United States, against 1913 last year. and
10 in Canada compared with is a year
ago.
Bradstrect's Trade Review.
Weather, crop and trade conditions are
seasonably favorable, though irregularity
and weakness in some staple prices re-
fleet readjustments of consumption to
enlarged production,
A favorable feature this week is the
reported Improvement in foreign demand
for our breadstuffs, considerable Quanti-
ties of new wheat and old corn being re'
ported taken. Accompanying this Ias
been an Improvement in the outside in
terest in the cereal markets. Worlds
stocks show little or no change for the
week
Wheat, including flour. exports for the
week aggregate 3.191. 422 bushels against
2,7S1,9SS last week. 43SS,534 this week
last year. For four weeks Of the cereal
year they aggregate 12,0O6,G24 bushels,
against 16,54S,S40 in 1902 Corn exports
for the week aggregate 92S, S39 bushels
against 1.501 1913 last week, 27,405 a
year ago. For four weeks of the pres
ent cereal year they aggregate 5,357,-
Goo bushels against 423.S26 in 1902.
Wheat harvesting is now
bll6dDp general throughout the
] Northwest As to the Weld
ol the wheat crop IL Is Thought lildl NllH
all the recent improvement and with a
weld in South Dakota approximately
100000 bushels more as partial Offset
to losses elsewhere the total is likely to
fail under last year, but there will be a
good yield on the whole, and yield for
which the Northwest may be very thank
full in view of the fact that a month ago
the entire crop stood in imminent danger
of destruction from drought The coarse
grain crops that come to harvest earliest
of all are turning out well and there is a
big hay crop Flax is standing well, and
the temperatures of this week. although
the cause Of some nervousness, were not
low enough to hurt il. The smaller crops
are good. The fax farmers will have to
take less for their crops than for several
years past when prices were really abnor-
mally high, but coarse grains are bring
ing fairly remunerative prices and wheat
will sell above last year on the average
As the fall season approaches the
stream of merchandise flowing into the
West is becoming heavier. or all sur
prising things IN the general outlook the
most surprising is the continued heavy
tonnage Of the railroads. There is no
abatement of activity save in a few unim-
portant instances. Merchants in the
West, especially the central West, say
they are enjoying the best cash business
for years and are unable to accumulate
n surplus of goods in any line. Car
shortages in the Southwest are q feature.
this due in part, however, to the Gripping
Of many roads by recent floods The
railroads are in better shape this year
than ever, and this is very good thing,
for It is likely all the additional equip
ment will be needed this fall to prevent .
repetition of the car famines and freight
congestions that were so serious n handi-
nnr, ~. ht1sirnaa dnrinn tho lafn fnll of