The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-15
NEW FEATURES
ARE FAVORABLE
Little That is Unsatisfactory in the
Weeks Trade Situation.
)SEvERAL FACTORS CONTRIBUTE
To this Condition, Among Them Being
the July Crop REPORT and the Set
Element OF Miners Strikes.
Price situation Strong.

NEW YORK. July 1l.-Bradstreets to-
morrow viii say New features I'm the
general trade situation This week are of
am almost uniformly favorable character.
So rare. indeed. are the disturbing and un-
settling features as to neccssitate con-
siderable search to locate them. Add
t.onal statistics Of past trade movements
received are certainly of an encouraging
nature foremost among these being eA-
ceptonaly good railroad earnings re-
turns for june and tho first half Of the
wear and asccrtamed totals Of an enor-
nous export trade practically equal 10
the phenomenal trade Of the preceding
fiscal year The record of railroad re-
conversions for the first half of The year
bears a striking resemblance TO the hst oil
business mo.tauues. inasmuch as they
are the smallest in number reported since
receiverships FIRST became prominent
SOME FACTORS
Among current news features msh' DE
mentioned the quite favorable July crop
report of the Agricultural Department
which while confirming earlier advances
~ a more moderate yield OF Wiht'l
wheat and therefore "a smaller assfe-"-e
average crop thau that gathered la-l
wear admitted however 10 nave oeth
largely underestimate. point 90 "a laI-e
acreage iu corn and conditions WINCH
maintained should easily result in crop
io excess of 100000 600 bushels. Late
,t,ravorsb bile reports from Russia point %
"a On more pronounced diminuu0n obi
cron Yields in that country thls year.
Official French crops estimates also nave
been Whitfield down. ana /the outio'N
seems TO favor the pIooaoilty thal
Europe Will buy nearly as much Wnedl
i'm America as 10 did DOB the last hscal
year when 81 might DE added, exports
exceeded The totals of the boom year
lsa7-H in Industrial lines. the outlook is
promising one.
The settlement OF the coal miners strike
m Pennsylvania and of the un pia.e
workers dispute. bid fair 90 result ln
nearly 0O0O men resuming work after
The summer shut down.
WAGES INCREASED.
A number of wage increases are also
among the weeks developments. Irol
blast furnace report for July lst, points
to am unprecedented current weekly pro-
duction. but available stocks of pig iron
are down TO less than one weeks sup-
ply From several centres of Industrial
activity come reports of scarcity of la-
Dor. mitigating against even more pro-
nounced activity iron ard steel. while
rejecting the summer quIetness 90 some
extent in the east are quite active in de-
mand I'm the west and some heavy
sales are reported from Chicago. with
further price advances I'm structural ma
terial Bessemer pig is now slightly
more than double what SO was one year
ago. Reports are current that final ar
rangements for booking Of a large guam
THY of foreign business has been closed.
PRICES STRONG.
The price situation is naturally
strong one. wheat and coffee alone OF an
the prominent staples being lower on the
week and the former only fractionally so,
owing 90 large receipts at the west and TO
the check to export demand caused by
reaction from the price reached some time
ago.
GRAIN EXPORTS.
Wheat; including flour shipments for
the week aggregate 3.263.Nl5 bushels
against 3.152g12 bushels last week. $50
N-l l0 lllt NNil Ii|''..'NIi- N'N 700
I 500 092 bushels in 1897. 2e639i9 in 1896.
and 1852 SEP I'm 1875.
Since July lst this season the exports
Of wheat aggregate 1m97N bushels
against $500 i6q bushels last year. and
4o2iG93 bushels in 1s91-'9S.
Corn exports for the week aggregate
q 5-9. 73q bushels against to911H bushels
last week 2S22SiS bushels i'm this week
"A year ago. 2.I23.5l0 bushels in 1884, 1llo-
3l bushels In 1896. and @5.I2 bushels in
1895.
Since July 1st this season corn ex-
ports aggregate SG-0sS3 bushels against
s 239. SEQ bushels during the same period
a year ago, and 5456227 bushels in
1925
Business failures number 10 against
1aG last week: o., in this week a year
ago: 2i7 I'm 1897; 255 I'm 1896. and Zli I'm ESQ
business failures in the Dominion of
Canada number q, as compared with .
last week q in this week year ago;