Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-07-21
CONFIDENCE In BUSINESS.
ALTHOUGH MIDSUMMER CONDl-
TlONS NOW PREVAIL.
Good Prospects For Exports of Agricul-
turaI Producty-Bctter Feeling in tho
Iron and steel Trade-Effects of
War Loan-Prices Steady.
New York, July l5.-Bradstrects to-mor-

New York, July 15-Bradstrects to-mor-
row will say:
Pending the initiation of new fall bust
ness, preparations for which arc actively
under way in all markets, there exists
nuiCt midsummer condition accompanied,
however, in most cases by price stcadncss
and confidence in a promising outlook FOR
fall trade. RctrospoCtion and review con-
time to furnish many satisfactory iliu'-
trations of the favorable conditions cX-
pcrlonccd during the first half of the
present year, some of which seem bound
TO be duplicated during the second half.
SwCllcd by large exports of corn and
oats the brcadstuff exports for the fiscal
year just closed were 100000 in excess
| of all previous records, and tho average
Nauc of wheat exports runs very close
/ to 81 per bushel. While there seems fit.
lie reason to expect anything like the cx-
cited foreign buying of cereals
/ this year which occurred last
season, the worlds wheat crops
al pointing to exceptionally large,
( II not record breaking yields. still the St
uation of carried over supplies IS such as
TO lead to confidence in good general de-
maud for most of this countrys surplus
though the outlook favors Il considerable
shading OF prices obtained from such pro-
ducts.
! There Is little more hopeful feeling In
the iron and steel trade, the result partly
of reduced output and stocks Of pig and
partly owing to the large business report
ed offering particularly at the West, where
some mills Will forcgo the usual summer
shut downs and others Will curtail the va
cation period materially. More is doing in
Stccl. and some Western mills are report
ed hooked with orders until next winter.
Some large export orders are reported foin
Chicago. Except for some shading in CO.
tendency
count government crop reports and lool;
for larger than indicated crop yields, the
price situation is one of considerable
81 adincss Contradictory reports come
as TO the volume OF export trade i'm wheat
and corn at the decline but good bust
ncSs for this time of the year Is undoubt-
cdiy doing. The movement of new wheat
mt the Southwest is also frocr. though far
m'rs are rather Independent al present
prices.
business failures in the United states
number 23S as against al last week, 2i7
~ this week year aso, 2jj in 1876 and
p in 1895.
WOODEN goods arc stll dun but sales
mon are already preparing next spring $
styles. Good cotton, sugar and rice crop
prospects give an uudertonc of strength
to the Southern trade situation which is,
however, rather dun at present except lt
Now Orleans, where fall orders are re-
ported of good volume Features of tho
trade movement at the west are the i'm
proved demand for iron and steel at Dhi-
c9go.
crop and trade prospects continue good
at the Northwest. Our cereal exports
still continue in excess of corresponding
ncrlods of previous years. wheat and floui
shipments agcrcgating 29l0.S27 bushels rs
against 2.1eSGl2 last week and comparing
with ,522C92 In this week "A year ago. 3.
Hf99!s IN iSaG. l,6j2, SOP bushels in 1885, anc
l,SIH3o0 in 1894
Corn exports show an increase from
, last week agere sating 2.S22, PAS bushels a;
, against 2,4ll272 bushels last week. 2.7e3 ~
bushels in the corresponding week a yea
ago. l1l0,S1l bushels in 1896. SSj, 5l2 bushel.
in 1925, and l72,OOO bushels in 1924.