New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-02
TRADE CONDITIONS.
pRADsTREET's WEEKLY REPORT
is VERY ENCOURAGING.
A FEW DISTURBING FEATURES.
Exceptionally Good Railroad Earn
ings-An Enormous Export Trade
Favorable News About Crops
The Price situation strong.

NEW YORK. July H-Bradstreets to-
morrow will say: New features 10 inc
general trade situation this week are OF
an almost uniformly favorable character
So rare. indeed. are the disturbing ana
unsettlng features as TO necessitate con.
siderable search to locate them. Adui-
tional statistics OF past trade movements .
received are certainly OF an encouraging
nature, foremost among these being ex-
ceptionally good railroad earnings, returns
for June and the first half of the year
and ascertained totals Of an enormous
export trade practically equal to the phe-
nomenal trade of the preceding fiscal
year The record of railroad receiver
ships for the first half of the year bears
a striking resemblance to the list or
business mortalities, inasmuch as they
are the smallest I'm number reported since
receiverships first became prominent.
FAVORABLE CROP REPORT.
Among current news features might be
mentioned the quite favorable July crop
report of the Agricultural Department.
which. while confirming earlier advances
of a more moderate yield OF winter wheat
and therefore. a smaller aggregate ave-
rage crop than that gathered last year.
admitted. however. to have been largely
underestimated point 10 a large acreage
in corn and conditions which. II main
tanned. should easily result i'm crop In
excess of $500, 900 coo bushels Late unfa-
vorable reports from Russia point 10
still more pronounced diminution OF
crop yields In that country this year.
Official French crop estimates also have
been Whitfield down, and the outlook
seems TO favor the probability that Eu-
rope will buy nearly as much wheat in
America as it did In the last fiscal year,
when it might be added, exports ex-
ceeded the totals Of the boom year 1897
90. In industrial lines the outlook Is
promising one.
THOUSANDS WILL RESUME WORK.
The settlement of the coal-miners'
strike In Pennsylvania and OF the TN
plate workers dispute bid fair to result
in nearly 600O0 men resuming work after
the summer shutdown.
\ number OF wage increases are also
among the weeks developments. IRON
blast furnace report for July LIST points
| TO an unprecedented current weekly pro-
duction. but available stocks OF pig-iron
are down Of less than one weeks supply.
From several centres of Industrial ac-
| tivty come reports Of scarcity OF labor
| initiating against even more pronounced
activity. Iron and steel, while rejecting
| the summer Quletness 20 some extent in
the East are quite active In demand I'm
| the West and some heavy sales are re-
ported from Chicago, with further price
| advances in structural material Besse-
| mer pig is now slightly more than dou-
bic what it was one year ago. Reports
are current that final arrangements for
| booking OF a large quantity Of foreign
business has been closed.
PRICE SITUATION STRONG.
The price situation is naturally
strong one. wheat and coffee alone Of All
the prominent staples being lower on the
week. and the former only fracuonaly
so owing TO large receipts al the West
and TO the check TO export demand
caused by reaction from the price reach
ed some time ago.
Wheat. including -four. shipments for
| the week aggregate 3.263sl5 bushelS
| against 3.75S972 bushels last week ZsiV'-
| Sg7 In the corresponding week OF 1898, l.
| 522O92 bushels in 1884, 2,9d39@ In 1870 ana
cj2 S92 I'm 1895. Since July LIST. this season,
| the exports Of wheat aggregate 1913. Iol
bushels against $500 100 bushels last year,
and 4,O2l693 bushels in lSJ-~.
CORN EXPORTS
Corn exports for the week aggregate
| i553 1870 bushels against 40G.lA bushels
last week. ESP .SS bushels in this week a
year ago. 2723.5 bushels in 1897. l,heSl
| bushels in 1896. and S>55l2 bushels In $50.
| Since July 1st. this season, corn exports
aggregate $50, $50 bushels, against 5'z'S'-
| 500 bushels during the same period year
ago. and ;. 1921 bushels in lSS-yS.
business failures number IA against 10
last week 28S I'm this week a year ago
2f7 I'm 1897, 255 I'm 1896, and "a In 1870,
business failures In the Dominion OF
Canada number y, az compared WIN - -
,ast ,.eel, d I'm this week year ago, 50
g. 1907 g2 in 1896. and % in 1896