Daily press. [volume] (Newport News, Va.) 1896-current, 1898-07-16
WEEKLY TRADE REVIEW
Quiet Midsummer Condition Pend,na
.M Fail Business
(By Telegraph.s

Fall Business.
tBy Topographic
NEW YORK. July 15.-Bradstreet,s
tomorrow will say: $50 9. ?
Pending the initiati ton of nav. al,
business. preparations for which re-
! ,hetlNelS under way in all markers
.ii ~. EXISTS quiet midsummer con
ua.ioii' accompanied. however, in mos.
a pS price steadinessE and cont
uence to furnish MANY atisfac tor,, q
Illustrations of the favorable conditions
experienced during the first haiftof fhe
present year, some of which II seem
bound to be duplicated during the sec
nnu nan. While there seems little
.;ta', 10 expect anything like the ex-'
cited foreign buying Of ~ cereals this
year which occurred lasts season. the
worlds wheat crops all pointing to he
exceptionally large. if not recordSbreak
ing yields. still the situation of carried
over supplies. visible and3$inyisihle. &c
! such as to lead to confidence ina s s,f.
general demand for most 5f this coun
Try surplus. though theT:outlook@ ia
vors considerable shading Of prices
obtained from such products. Sf8 ,t5'
Ihere is little more hopeful feeling
IN the iron and steel trade.tthe result
partly OF reduced nutput.sand stocks Of.
pig and partly owing to Sttff7e LARGE bus
| mess reported. particularly at the west
Where some mills will forego their an
nual summer shut-downs and Others
rally. Except for some shading in GER
calls caused by the usual tendency TO
uiScount government crop reports and
look for larger than indicated crop
yields. the price situation is one Of
considerable steadiness. Contradictory
reports come as to the volume of eS-
port trade in wheat and corn at the
decline but good business for this
time of the year is undoubtedly doing
The movement of new wheat at the
c. h\1 a1c~rH
mers are rather INDEPENDENT at the
present prices.
Trade conditions Of a midsummer
dullness at the east but more inquiry
for raw wool is a feature, and prices
are We'll maintained on a fairly large
business for this time Of the year. Good
cotton, sugar and rice crop prospects
give an undertone OF strength to the
southern trade situation. which is. how
ever rather at present. except at New
Orleans. where fail orders are reported
of good volume. Features of the trade
movement at the west are the improved
demand for iron and steel at Chicago.
Louisville and st. Louis report the fall
trade outlook as good.
Our cereal exports stiu continue In
excess OF corresponding periods OF pre-
vious years. wheat and -four ship
ments aeerecating 29102S7 bushels. as
against 2,72S.G42 last week. and compar-
ing with 1.522,na2 bushels in this week
a wear ago 2.o64.94o bushels in 1896:
| 1.G5o 500 bushels in 1925 and 1,S73. 800
bushels in 1894. Corn exports show an
increase from last week aggregatine
800 o4S bushels. as AGAINST 2.411.272
bushels last week. 2.722 511 bushels in
.ns ccrresnnnairg , Geek -. year ago
in 1S05 ard 112 O0A bushels in 1894
Business failures in the limited States
>,",her 23s rs, against al lost week.
247 in this week n year ago. 255 in 1896,
ard o14 in 1895.
Business failures In the pominion IF
Canada number IS, AGAINST 1s last
week, sS year ago, 80 IN 1896 and 90 in
1895, 80 4