The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-08-12
YIELD OF CORN is ENORMOUS.
CROp WILL BE ALMOST AS LARGE
As THAT or 1896.

There VIII BE Considerable Rcduc-
ton in the Weld of Spring Wheat.
Deterioration of Cotton Caused an
Advance in Market Price-The Iron
and steel situation Is Most Inter
csting-WoOI, Lumber and Sugar
Are Firm.
New York. Aug n.-Bradstreet's to-
morrow viii say:
Crop reports and probabilities have con-
stituted an important contribution to gen.
eral trade and business advices this week.
Among the unquestionabIy favorable fea-
lures have been the reports regarding the
corn crop; government estimates point to
a yield Of probably 2,20O,OOO,0O0 bushels, a
heavy increase over last year, and almost
within touch of the record total Of 1896.
Spring wheat indications apparently bear
out earlier trade advices in showing a de-
crease in condition during July. The re-
duction of 100000 bushels in the probable
outcome estimates, however. still allows
of a total wheat crop of 535, 900 600 bushels,
considerably smaller, it is true, than last
years, but with the exception of 1898 and
1891, the heaviest recorded.
Cotton crop deterioration is indicated by
the government report, and prices are Nc
higher on the week. on decline of nearly
points over July and of nearly II points
as compared with a year ago. Visible sup
plies of cotton are nearly 100000 bales
larger than at this time a year ago, and
are nearly double what they were in 1897
41,sr
ly profitable business in manufacturing
lines the world over, and the belief that
good spinning grades may be scarce.
with Iron and steel.
The iron and steel situation is partic-
u,arly interesting at present Though not
| especially active at Easteru markets,
Western advices are of heavy demand,
scarce supplies of material. high prices
and increasing volume of business booked
for next year. The July production of
pig iron was the largest ever known, but,
in spite of this. stocks showed decrease
and current production is easily at the rate
of 100000 tons a year.
The annual railroad car famine is APP
parently at hand reports of insufficient
| transportation facilities being particularly
prominent in the coke and coal industries.
Hides, leather boots and shoes are SYM
pathetically strong. and at a convention
of shoe manufacturers at Philadelphia
this week a practical agreement to ad-
vance prices of the finished product was
reached.
Wool is firm on steady manufacturing
demand, particularly for the finer grades
of the domestic, and advices from the
manufacturing industry are generally IA
vorabe.
Lumber is firm, as is also sugar, for
which an Unprecedented demand is look
ed for during the current canning season.
The outlook in the canned goods trade
generally is reported as a very good one.
Business Failures.
Business failures for the week in the
United States number 156, as compared
with 1856 last week, 157 year ago and 2li
in 1897.
In Canada failures for the week num-
Der o. against % last week, 80 year
ago and 81 in 1897.
Wheat, including flour. shipments for the
week aggregate 3,616.154 bushels. against
47lI.614 bushels last week. 8, 92S sos bushels
in the corresponding week OF 1898; 1850, 5l9
bushels in 1897; 2635,2l6 bushels in 1896
and 1S24,62S bushels in 1895. Since July /
this season, the exports of the wheat ag-
gregate % ,125 060 bushels. against is 354-
TBS bushels last week and 16. 155 54S bushels
in 1898.
Corn exports for the week aggregate s.
9l5 961 bushels, against 5,O27 ,70S bushels last
week, 3,5l7 952 bushels in this week a year
ago. 3275,652 bushels in 1897; 2.S67, $50 bush
els in 1896 and 944546 bushels in 1895.
Since July /, this season, corn exports
aggregate 26, 564 bushels, against II O22.-
344 bushels during the same period a year
ago, and S5s bushes in 1878