Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-05
CONDITION OF TRADE
WESTERN CROPS AND INDUS
TRIES SHOW MUCH PROMISE.
Quarantine in Southern Sections At
fects Business in Mississippi VAL
ley-Factories and Mills Busy.

Trade and industry improve as crops
mature FAN business. while not yet in full
swing. shows signs OF expansion. and west
ern trade opens week earlier than last
year Weather conditions have favored
crop growth and harvesting fear of rus,
damage to spring wheat has disappeared
corn promises n record yield. and both de-
mand and collections have improved as the
result Of early wheat crop movement IN the
southwest
Midsummer quiet. so-calied is less than
ordinarily manifest this year in trade in
dustry and financial operations. Bank clear
ings for July break all records for that
month. failures are strikingly few for a
normally dull period, and railway earnings
show progressive gains on the best sum-
mers OF previous years. with an increase of
q per cent over July. 1904. the fiscal year
showing per cent advance in gross and 4
per cent gain in net over the previous year.
1.-The textile markets all display notable
strength.
Crops Beyond Rust Damage.
Demand and collections In the south
west sections. embracing Oklahoma Kan
sas. Missouri and Nebraska. have all i'm
proved In the northwest trade sentiment
is stronger, now that rust damage Is no
longer feared. Trade In the south is ir-
regular Mississippi valley shotgun quar-
antines affect demand and shipment but
In the south Atlantic states and in the in
dustrial centers the feeling is quite cheer
full and fall business Is looking up
New buying of pig iron is quieter than
of late. but small Individual sales make up
a good total. Finished lines show tncreas-
ing demands from the country reflected In
continued active operations in most depart
ments. Rail sales have been numerous, and
AN that can be delivered this year are al
ready booked. The lake ore traffic in July
was In advance of any preceding month in
the countrys history.
Eastern shoe factories are busy on fall
orders and shipments weekly exceed last
years at the same time. Leather is strong
and active and hides have again advanced.
Mexico Crops Good.
THE City of Mexico correspondent wires
that excellent crops of all kinds are an
ticipated in the republic. Everything points
to continued prosperity in that country.
Wheat. including flour exports, for the
week ended August are 1O41 ,691 BUSH
els against 1873 314 last week. 1879, 1873 this
week last year, 1910. $40 In 1868. and 4244.
1853 In 1902. From July 1 to date the ex-
ports are 4,3I3, 643 bushels. against 6,565, 31a
last year, 15.Oi7 .253 in 1903 and 20, 793. 203
in 1902. Corn exports for the week are
1913. 6T5 bushels, against 173. 621 last week.
From July to date the exports of corn
are 4.7E.7S bushels, against 2,5s3.9o9 in
1904, 6, 242, O93 IN 1903 and 497 ,339 in 1902
Business failures in the United States
for the week ended August number 17S,
against 107 last week. 179 in the like week
Of 1904. 161 in 1903. 100 in 1902 and 1S0 in
19O4.
I'm Canada failures for the week num-
Der 25. as compared with % last week and
% in this week a year ago."
Dun's Trade Report.
.
Trade says: Business continues to expand
in a wholesome manner that promises we'll
for the future Reports from the leading
branches of manufacture are unanimous in
telling OF an increasing volume of orders,
and the percentage of idle machinery stead
lily diminishes. Textile plants make the
factories, and some divisions of the steel
industry are engaged so far ahead that ca
pacity is extended. Better prospects for
the crops removes the only handicap that
impedes the revival Of trade and favorable
weather for a few weeks will assure UMPIRE
cedented production in the aggregate al
though the yield of cotton will fall consid-
erably behind last years. The month of
July made most encouraging exhibit in so
far statistics are available, liabilities of
failures being smaller than in any month
since April 1901. and railway earnings sur
passing last years by 81 per cent. For
eign trade at this port for the last week
shows gains of $1,776 1874 in exports and
81 COS. 5G4 in imports. as compared with the
same period Of 1904.
Mills Active
"Quiet conditions in the leading iron and
steel markets do not prevent activity at the
mills, which operate freely on old contracts
and are preparing for vigorous fall cam
paign. Prices of minor metals have risen
still further, tin selling cents higher than
1t did year ago. Output of coke Is mod
crate, but the market Is quiet and prices
are steady.
Recent advances in hides are fully main
tanned. and In some varieties further
strength has appeared and importers are
actively bringing supplies from Europe 1t
is estimated that this foreign business has
already aggregated over 100000 hides
Leather Is more active. especially hemock
sole and<Eak backs. with prices sustained
Prospect Of still higher prices for materials
necessitates conservative action by manu-
facturers of boots and shoes. New England
dealers in footwear are fully occupied on
current deliveries.
Failures this week In the United States
are 232 against PA last week. 1913 the pre-
ceding week and go the corresponding
week last year. and in Canada 81 against
q last week, % the preceding week and IS
last year.