Omaha daily bee., 1898-06-04
BRADsTREET's REVIEW o F TRADE
Good Crop Prospects Are the Domi-
mating influence.

NEW YORK, June 3.-Bradstreet's tomor-
row will say:
The general business situation might
be well expressed by the single word
crops" Certainly the fiattering outlook
reported in nearly all the grain growing
sections of the country. and particularly as
regards the growing wheat; has been OF n
nature to dominate the entire trade situa-
ticn. From all OF the surplus wheat grow
ing states there comes but one report-that
of a large acreage, extremely good weather
and crop conditions already foreshadowing
an unprecedented production of the king OF
cereals. With the steady and favorable
progress making toward a large wheat yield
has come the final elimination of the May
wheat deal and a considerable closing down
of speculative fever and prices. The close
OF the week witnesses an immense shrinkage
in the price paid for cash wheat as COM
pared with a short time ago, partly the re-
suit, of course, of former high prices. in
ducing a freer movement of reserve wheat
stocks into sight, not only at home, but
abroad. That the ultimate effect of the de-
cline has been beneficial. rather than other
wise, however, is evidenced by the increased
inquiry of exporters for wheat and corn. and
the total movement for the week is a record
breaking one for the period of the year,
Accompanying the decline in wheat have
been sympathetic decreases in oats and
flour, but corn is steady and even higher,
partly because of some complaint as to the
crop OUTLOOK, out largely OWlnB 10 improved
export demand.
Reports as to distributive trade are en-
couraging this week in spite of the ad-
vanced stage of the season. A hopeful fea-
ture is the generally reported good trade az
retail, not only at the west, but also east
where unfavorable weather conditions have
heretofore checked the demand greatly. The
volume OF orders already received for fall
delivery by the wholesalers is OF such sat
isfactory proportions as to lead to the i'm
preston that the fall demand, when 1t ac-
tuaily materiallZes, will be the best seen
for years.
Reports from other industries continue OF
the whole quite good. The movement OF
iron and steel is still OF an immense volume
and the demand by agricultural implement
makers, already referred TO IN these col
umns, has never been exceeded.
The rather better tone reported in some
branches OF the cotton ADD wooden goods in
dustries of late remains unimpaired, print
cloths having advanced again, while WOO
remains firm. T7A
Wheat exports for the week reflect a bet.
ter export inquiry and larger shipments
aggregating 5.24S, 0S6i bushels, against 4 1909.
900 bushels last week, 2~,62O,OOO bushels IL
this week a year ago. 3~,2Os,O0O bushels il
1896, 1921 900 bushels in 1895 and 2.7i2.OO
bushels in 1894. ''i-
Corn exports are the largest on record
aggregating 6,605, 1922 bushels, against 6.16l.
900 bushels last week. z, $4,000 bushels il
this week a year ago, l, 623,OOO bushels ii
1896, l,l49.O0O bushels in 1895 and 974,O
bushels In 1891,
Business failures in The United States thiI
1 week show a sharp falling OF. numberini
only IT'S, against 23l last week, 1872 in 1897
236 in 1896 and 1895. ana POI in 1894.
business failures in the Dominion o
Canada number twenty-one, against eigh'
teen last week. twenty-eight in this week
year ago. twenty nine in 1896, twenty-seyeI
in 1895 and thirty-seyen in 1894.