The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-15
CROP REPORT FAVOR ABLE
WILL BUY MUCH
GRAIN HERE THIS YEAR.
INDUSTRIAL OUTLOOK IS PROMISING
Settlement Of Coal Miners Strike in Pennsyl
vania and Of tie Tlrplate Workers
Dispute Will Put 5000
Men 10 Work.

New York, July 14.-Bradstreets to-
morrow will say: New features Ill the
general trade situation this week are of
an almost uniformly favorable charac-
ter. SO rare indeed are the disturbing
and unsettling features as to necessitate
considerable search to locate them. Ad-
ditonal statistics of past trade move
ments received are certainly of an en-
couraging nature, foremost among these
being exceptionally good railroad earn
imgs returns for June and the first half
of the year, and aScertained totals of an
enormous export trade, practically
equal the phenomenal business of the
preceding fiscal year. The record of rail
road receiverships for the first half of
the year bears a striking resemblance to
the list of business mortalities. mas
much as they are the smallest i'll number
reported since receiverships first became
prominent. Among current news features
might be mentioned the quite favorable
July crop report of the agricultural de-
partment, which, while confirming earlier
advances of a more moderate yield OF
winter wheat, and therefore of Il smaller
average crop tnan that gathered last
year. admitted, however, to have been
largely underestimate, point to Il large
acreage in corn and conditions, which,
il maintained, should easily result in Il
crop in excess of 1900, 000, 900 bushels.
Late unfavorable reports from Russia
point to stnl more pronounced diminu-
ton of crop yields in that country this
oil
also have been whitfield down, and the
outlook seems to favor the probability
that Europe will buy nearly as much
wheat in America as it did in the last
fiscal year, when. it might be added, ex-
ports exceeded the totals of the boom
year 1S97'9S. In industrial lines the
OUTLOOK is Il promising one. The settle
ment of the coal miners strike in Penn
sylvana and of the tin-plate workers dis
pute bids fair to result in nearly 10000
men resumng work after the summer
shut down. n number of wage increases
are also among the weeks developments
Iron blast furnace report for July /,
points to an unprecedented current week
ly production but available stocks of pig
iron are down to less than one week 5
supply. From several centers of INDUS
trial activity come reports of scarcity Of
labor initiating against ever more pro-
nounced activity. Iron and steel, while
rejecting the summer quietness. to some
extent in the East, are quite active iii
demand nthe West and some heavy
sales are reported from Chicago, with
further price advances in structural MAJ
terial. Bessemer pig is now slightly NOR,
than double what it was one year ago.
Reports are current THAT final arrange.
ments for booking of a large quantity
of foreign business have been closed.
The price situation is naturally a
strong one, wheat and coffee alone of all
the prominent staples being lower on the
week and the former only fractiOnally so,
owing to large receipts at the west and
to the check to export demand caused by
reaction from the price reached some
time ago. Wheat, including flour ship
ments for the week aggregates 3.2G3. 81
bushels, against 3,1JS.972 bushels last
week, 2910,S27 in the corresponding
week of 1898: 1.522 O93 bushels in 1897,
2,963,940 in 1896 and ! ,652, S92 in 1898.
Since July LIST, This season. the exports
of wheat aggregate. T,010,7S7 bushels,
against $3.50, 400 bushels last year and
4,024, 693 in 1S97-'9S.
Corn exports for the week aggregate
4,3o3, 739 bushels. against 1907, 14i
bushels last week. 2,S22. S4S bushels in
this week year ago, .. 723.510 bushels
i'll 1897; 1,i1O371 bushels in 1896 and
SSo.312 bushels in 1895. Since July 1
this season corn exports aggregate s.
600, 1888 bushels, against 5.2233, $40 bush
els dnring the same period Il year age
and 5,456.227 bushels in 1S97-'9S.
Business failures number IA, against
1876 last week. 23S in this week Il year
ago. PAT in 1897, 225 in 1896, and pa il
1895.
| Business failures in the Dominion oil
| Canada number u as compared with >.
| last week. % in this week year ago
IS in 1897. 33 in 1896 and 20 in 1885