The times. [volume] (Richmond, Va.) 1890-1903, 1898-07-16
GOOD OUTLOOK
FOR FALL TRADE.
Trade Conditions for Last Half Year
Seem Assured for the Next.
IRON AND STEEL LOOKING UP.
The Price Situation is One of Steadi"
iness-Grain Exports Continue In
Excess of Corresponding Periods
of Preceding Years.

NEW YORK, July 15.-Bradstreet
tomorrow will say:
Pending the initiation OF new fall pusI-
ness, preparations tor which are ac-
lively under way in all markets, there
exists a quiet midsummer condition, ac-
companied, however, in most cases Dy
price steadlness and confidence IN pro-
missing outlook for fall trade.
Retrospectlon and review continue 70
furnish many satisfactory illustrations
Of the favorable conditions experienced
during the first half Of the present year
some OF which seem bound TO be duph-
Gated during tht second half.
FOREIGN DEMAND.
while there seems little reason 10 eX-
pect anything like the excited foreign
buying OF cereals this year which oc-
cured last season, the worlds wheat
crops ali pointing to exceptionally large
II not record breakng-yields. stlll me
situation OF carried over supplies vlsi-
bile ana invisible, is such as TO iead 20
confidence in a good general deihahu
for most OF this country's surplus
though the outlook favors n conslderaoie
shading OF prices obtained from such
products. .,,.o
There Is a little more hopeful feelne
In the iron and steel trade. the result
partly OF reduced output and stocks ana
pig and partly owing 10 the large busl-
ness reported. particularly at the west.
where some mills will forego their usual
summer shut-downs and others VIII cur
tail the vacation period materially.
PRICES STEADY.
Except for some shading in cereals
caused by the usual tendency 20 dis
count government crop reports and look
for larger than indicated crop yields, the
price situation IS one Of considerable
steadness
Contradictory reports come as 10 the
volume Of export trade in wheat and
corn at the decline, but a good business
for this time OF the year Is undoubtedly
doing.
The movement OF new wheat at the
Southwest is also freer. though farmers
are rather independent at present prices.
GOOD FOR THE SEASON.
Trade continues OF a midsummer dull
ness at the East. but more inquiry for
raw wool Is a feature, and prices are
well maintained on a fairly large bust
ness for this time Of year.
Good cotton, sugar and rice crop pros
poets give an undertone Of strength 20
the southern trade situation, which IS,
however, rather duh at present, except
az New Orleans. where fall orders are
reported Of good volume.
Features Of the trade movement at the
West are the improved demand for iron
and steel at Chicago. Louisville and ST.
Louis report the fall trade outlook as
good.
Our cereal exports still continue n OK
dess Of corresponding periods Of pre-
vious years, wheat and -four shipments
aggregating 2.91O PSI bushels as against
2.72s. $40 last eek, and comparing with
!. 522. O92 bushels in this week year ago,
1858. $40 bushels I'm 1896, 1,6J2Ss2 bushels
in 1895. and ISIS. 300 bushels in 1894
Corn exports show an increase from
last week aggregating 2S22,2B bushels
as against 2Al272 bushels last week p
723.5ll bushels in the corresponding week
a year ago, 11lO31l bushels In 1896, sS59l2
bushels in 1895 and $4,000 bushels IN
1894.
business failures IN the United states
number 29S. as against 2n last week 2il
in this week a year ago. 255 in 1896, and
PA i'm 1895 Business failures in the Do
minion. number o. against 100 last week
% a year ago, 80 in 1896. and p In 1880.