Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-15
TRADE CONDITIONS.
BRADsTREET's WEEKLY REPORT
is VERY ENCOURAGING.
A FEW DISTURBING FEATURES.
Exceptionally Good Railroad Earn
ings-An Enormous Export Trade
Favorable News About Crops
The Price situation strong.

NEW YORK. July ii.-Bradstreets to-
morrow will say: New features In the
general trade situation this week are OF
an almost uniformly favorable character.
So rare. indeed, are the disturbing and
unsettling features as to necessitate con-.
siderable search to locate them. Add
tlonal statistics OF past trade movements
received are certainly OF an encouraging
nature, foremost among these being ex-
ceptionally good railroad earnings, returns
for June and the first half Of the year
and ascertained totals Of an enormous
export trade practically equal TO the phe-
nomenal trade of the preceding fiscal
year. The record of railroad receiver
ships for the first half of the year bears
a striking resemblance to the list or
business mortalities. inasmuch as they
are the smallest In number reported since
receiverships first became prominent.
FAVORABLE CROP REPORT.
Among current news features might be
mentioned the quite favorable July crop
report of the Agricultural Department
which. while confirming earlier advances
Of a more moderate yield Of winter wheat,
ana, therefore, Il SDdlitI tEbttShNr o|'-
rage crop than that gathered last year,
admitted. however. to have been largely
underestimated. point 10 a large acreage
in corn and conditions which. II main
tanned. should easily result i'm crop In
excess of 900 coo bushels. Late unfa-
vorable reports from Russia point 10
still more pronounced diminution OF
crop yields I'm that country this year.
Official French crop estimates also have
been whitfield down, and the outlook
seems TO favor the probability that Eu-
rope will buy nearly as much wheat in
America as II did In the last fiscal year,
when 1t might be added. exports ex-
ceeded the totals Of the boom year 1897
90. In industrial lines the outlook Is
promising one.
THOUSANDS WILL RESUME WORK.
The settlement Of the coal-miners'
strike in Pennsylvania and Of the TIM
plate workers dispute bid fair to result
in nearly 600O0 men resuming work after
the summer shutdown.
\ number OF wage increases are also
among the weeks developments. IRON
blast furnace report for July LIST points
TO an unprecedented current weekly pro-
ductlon. but available stocks OF pig-iron
are down Of less than one weeks supply.
From several centres of Industrial ac-
tivity come reports OF scarcity OF labor
initiating against even more pronounced
activity Iron and steel, while rejecting
the summer quetness 10 some extent In
the East. are quite active in demand I'm
| the West. and some heavy sales are re-
ported from Chicago, with further price
advances in structural material. Besse-
mer pig is now slightly more than dou-
/ D. q
are current that final arrangements for
booking OF a large quantity Of foreign
| business has been closed.
PRICE SITUATION STRONG.
The price situation is naturally
strong one. wheat and coffee alone Of All
the prominent staples being lower on the
| week. and the former only fractionaly
So owing to large receipts at the west
| and to the check TO export demand
caused by reaction from the price reach
| ed some time ago.
Wheat. including -four shipments for
the week aggregate 3.263.a5 bushels
against 1885, 72 bushels last week. 2sl0'-
| 27 i'm the corresponding week Of 1898 J.
| j22 O92 bushels I'm 1897. 29.3.9iS In 1896. and
! So. SOP I'm 1895 Since July lst, this season,
| the exports Of wheat aggregate l,Ol3'oi
bushels against 5.G}9 100 bushels last year.
and 4O2l,693 bushels in 1918
CORN EXPORTS.
Corn exports for the week aggregate
| f553 739 bushels against 40GlH bushels
last week 2.S22 SIS bushels in this week a
year ago. 2.7235lO bushels in 1897, l'he.Sl
| bushels In 1896. and SS5,5l2 bushels IN $50.
| Since July 1st. this season, corn exports
aggregate $3.50 $50 bushels, against 5zaS'-
| 500 bushels during the same period year
| ago. and g. 1921 bushels IN lS5-0.
business failures number Ia, against 100
! last week. 23S I'm this week a year ago
] 2f7 I'm 1897. 255 I'm 1896, and PA In 1870
Business failures In the Dominion OF
! Canada number y. az compared WIN -
last week. 2S In this week year ago. %
in 1884, 80 in 1896, and y IN lS'o'