The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-07-16
lGIIDSUMAhER MARKETS.
Quiet Prevails Pending Initiation
sOf T8U BUSINESS

Quiet Prevails Pending Initiation
sOf TaII BUSINESS.
NEW YORK. July 15.-Bradstreet's tomor-
row will say:
Pending the Initiation of new fall business,
preparations for which are actively under
way in all markets, there exists quiet mid
summer condition. accompanied, however in
most cases, by price steaIliness and conf
dence in promising outlook for fall trade.
tRetrOSpectfon and review continue to furnish
many satisfactory illustrations of the favor
able conditions experienced during the nrst
han Of the present year. some Of which
seem bound to he duplicated during the sec
ond half. While there seems little reason to
expect an excited foreign buying, which oc-
CURED last season. the worlds wheat crops
irecord-breaking yields, still the situation of
carried-over supplies. visible and invisible,
lis such as to lead to confidence in q good
general demand for most of this countrys
surplus, though the outlook favors a con-
siderable, shading Of prices obtained from
such products.
the iron and steel trade. the result partly
of reduced output and stocks of pig and
partly owing to large business reported offer
ingi particularly , at the West where some
downs and others will curtail the vacation
period materially. More is doing in steel, and
some Western mills are reported booked with
orders until next winter Some large ex-
port orders are reported from Chicago.
Except for some drop In cereals, caused by
the usual tendency to discount government
crop reports and look for larger than indi-
Gated Yields, the price situation is one Of
considerable steadiness. Contradictory re-
ports come as to the volume of 'exoprt 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 Southwest is also freer though
farmers at rather Independent at present
prices.
Trade continues of midsummer dullness
at the East, but more inquiry for raw wool
is a feature. and prices are well maintained
on a fairly large business for this time Of
year. The reduced output at Fall River has
steadfed prices of print cloths. Wooden goods
are still dull. Good cotton, sugar and rice
to the Southern price situation which is
however. rather dull at present except at
New Orleans. where fall orders are reported
of good volume.
West are the Improved demand Tor iron and
steel at Chicago. Louisville and St Louis
report the fall trade outlook as good
Our cereal exports still continue in ex-
years ar sa wheat and -four shipments aggregating
week. and compared with 1872, oss bashels IN
this week year ago; 2963.949 bushes In
1896; 1,6s2, S27 bushels in 1895. and 1,s7S, 300
bushels in 1884. Corn exports show an in
crease from last week aggregatfng 2.S22. 2fs
bushels, as against "a PIP bushels last
week, 2, S,5H bushes in the corresponding
week. year ago; 1110,3H BUSHES in 1895:
ss5512 bushels in 1895, and 172 900 bushels i,
1894 ON'Ae4S III
Business failures in the United States mum.
Der 1885, as against 2A last week PAT in thiu
week year ago, 255 In 1896, and PA In
1895. III
Business failures in Canada number %
against 16 last week, 3S year ago "a in 1909
and 20 in 1895. WV