The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-04

Week Record BrenISer-Brnd-
streets Review OF the Situation.
NEW YORK. June 3.-Brads.: eet's
tomorrow VIII say: The general bust
ness situation might we'll b. expr, ss~ d
by the single word crops" c rtainly
the very flatter ng oUtloc k, reported III
rear.y all the grain rowing sections of
the country, and particularly as re-
cards the growing wheat has been CT
nsture to Dominate the entire trade
situation. From all of the surplus
wheat growing states comes but one
report, that of a large acreage,' eX-
tremely good weather and crop condi-
tons already fore-shadowing an I'M
!, ecedented production of the king Of
Cerea s. With the steady and favorable
IrC gr> IS making toward a large wheat
yield has come the final elimination
Of the May wheat deal, and consider
able quietirg down of speculative FEVER
and pli,eS.
The close of the week witnesses an
immense shrinkage in the price paid
for cash wheat as compared with a
short time ago, partly the result, of
course, of former higher prices, inspir-
ing a freer movement of reserve wheat
stocks into sight not only at home. but
decline has been beneficial rather than
otherwise. however, is evidenced by the
increased inquiry of exporters for
wheat and corn, and the total move
ment for the week is a record-breaking
che for this period of the year. Ac
companying the decline in wheat, have
been sympathetic decreases in oats and
flour, but corn is steady and even high
er. partly because of some complaint
as to the crop outlook, but largely ow-
ing to improved export demand. Re-
Forts as to distributive trade are en-
cCuraginS this week in spite of the adj
Varcsd state Of the season.
RETAIL TRADE.
A hopeful feature is the generally i'm
proved trade at retail, not only at
West. but at Southwest, where I'M
favorable weather conditions have
heretofore checked the demand greatly.
The volume Of orders already re-
ceived for fall delivery by wholesalers
is, however, of such satisfactory pro-
portions as to lead to the impression
that the fall demand when it actually
riaterialzeS will be the best seen for
years.
Reports from other industries con-
tinue. on the whole satisfactory. The
movement of iron and steel is of an
immense quantity and the demand by
agricultural .mpls ment manufacturers,
already referred to in these columns,
has never been exceeded.
The rather better tone reported in
some branches of the cotton and wooden
Industries of late remains unimpaired,
print cloths having advanced again,
while wool remains firm.
EXPORTS.
Wheat exports for the week reflect
better export inquiry and larger ship
merits, aggregating 5,24S,0S6 bushels
against 4,309, coo bushels last week, g.
100000 bushels in this week year ago;
100000 bushels in 1895, 1891, 900 bushels
III 1895 and 2,742, 900 bushels in 1894.
Corn exports are the larg5 st on record
aggregating 6,605,422 bushels against
6.l64,0 600 bushels last week, 1896, 900
bushels in this week a year ago. !, $685.
GOO bushels in 1896, LAG 900 bushels in
1885, and $4,000 bushels in 1894.
Business failures in the United States
this week show a sharp falling off,
numbering only IFS against 231 last
week 1872 in 1897, $50 in 1896 and 1895,
ard 207 in 1894 Business failures in the
Dominion of Canada number q against
Is last week, 81 in this week year ago,
SO in 1896; q in 1895, and 81 in 1894