The Indianapolis journal., 1899-07-15
Nearly 10000 Men Resuming work IN
the Mines Of Pennsylvania and the
Trusts Tin-PIate Plants.
VOLUME OF TRADE GROWING
RANK CLEARINGs 1875 PER CENT.
MORE THAN IN PROSPEROUS 1so2.
Failures and Railway Receiverships
at Lowest Ebb-Prices strong, Exc
cept for wheat and Coffee.

NEW YORK, July N-Bradstreet's to-
morrow will say: New features in the gem
eral trade situation this week are OF an al-
most uniformly favorable character. So
rare. indeed. are the disturbing features that
they necessitate considerable search TO To-
cate them. Additional statistics of past
trade movements received are certainly OK
an encouraging nature. foremost among
these being exceptionally coed railroad
earning returns for June and the first half
of the year and ascertained totals OF an
enormous export trade. practically equal 10
the phenomenal business of the preceding
fiscal year. The record Of railroad receiver
ships for the first half of the year bears .
striking resemblance TO the list of business
mortalities inasmuch as they are the
smallest in number reported since receiver
ships first became prominent.
Among the current news features might
be mentioned the quite favorable July crop
report of the Agricultural Department
which. while confirming earlier advices OF
a more moderate yield Of winter wheat, and,
therefore. of a smaller aggregate crop than
that gathered last year. admitted. how
ever, to have been largely underestimated.
point to large acreage in corn and con-
ditions which, If maintained. would result
In a crop in excess of 1000 COO 900 bushels.
Late unfavorable reports from Russia point
to a still more pronounced diminution OF
crop yields in that country this year. The
official French crop estimates have also
been whitfield down and the outlook seems
to favor the probability that Europe viii
buy nearly as much wheat in America as Il
did in the last fiscal year, wher. IL might be
added, exports exceeded the totals OF the
boom year 1S97-9S.
IN industrial lines the outlook Is a prom
Using one. The settlement of the coal min
ers' strike in Pennsylvania and Of the tin
plate workers dispute bid fair to result IN
nearly sixty thousand men resuming work
after the summer shutdown. A number OF
wage increases are also among the weeks
developments. The iron blast furnace report
for July 1 points to an unprecedented cur
rent weekly production. but available stocks
OF pig iron are down TO less than one weeks
supply. From several centers OF industrial
activity come reports of scarcity Of labor.
initiating against even more pronounced
activity. Iron and steel, while rejecting the
summer quietness to some extent in the
East, are quite active in demand at tho
West. and some heavy sales are reported
| from Chicago. with further price advances
In structural material. Bessemer pig Is now
slightly more than double what II was one
year ago. Reports are current that final ar
rangements for booking a large quantity
of foreign business have been closed.
The price situation is naturally strong
| one. wheat and coffee alone of all the rom
inent staples being lower on the week and
the former only frsctionally so. owing to
large receipts at the West and the check to
EXPORT demand caused by reaction from the
| price reached some time ago.
Wheat including -four. shipments for the
week aggregate SIS bushels. against g.
1892 last week. 2.sl0,s27 In the corresponds
ing week of 1895. i.522.9s2 In 1897. 2sss.sls In
1896 and 1.652s ss2 in 1896. Since July /. this
season, the exports of wheat aggregate a.
0l9,IS bushels. against 5.63s.f6s last year
| and 4.o24. .69s bushels in lss7-9s. Corn exports
for the week aggregate 4.55s.7ss bushels.
against 4.0s7,iH last week. 2,s22 s4s in fhis
week year ago. 2,7235l0 in 1887, 1,110.571 in
1896 and sS5,5l2 in 1895. Since July 1. this sea-
son. corn exports aggregated s.65o.SS3 BUSH
els. against 5,23s.520 during the same period
| year ago and 1852, In 1s97-s8
Business failures numbered 17f against 13s
last week. 23s in this week year ago, 247 in
1897. 25s i'm 1896 and 21i in 1885. Business fall
ures in the Dominion of Canada number q.
| as compared with 25 last week. q I'm this
week year ago. IS In 1897, g In 1886 and -
| In 1896