The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-24
BUSINESS is QUIET
THERE is NOTHING BORDERING
UPON DULLNESs, AND THE
FUTURE Is BRIGHT
M1DsuMMER DECREASE SMALL
Summing Up of the
Trade Situation for the Week Is
FayOrabIe-Active Demand De-
velOped I'm Wooden GOOds-HIGh
Grade" Domestic Woods In De-
mand-COttOn Crop Improved.

mand-COttOn Crop Improved.
NEW YORK, June 23.-Bradstreets to-
morrow will say:
Less than the average effect of ap-
preaching midsummer influences Is dis
cernlbie In current trade reports. Prices
too, show strength unusual at this pc
Rod, and particularly in view Of recent
steady advances This is noticeably man
ifest, of course, in the iron and steel in
dustry, where the tendency of values Is
sui upward, though the advances re-
ported are not uniform at all markets,
pointing to individual instances of bust
ness done at best possible prices Where
prompt delivery can be guaranteed, fancy
quotations are in many cases obtainabIe,
and testimony to the scarcity of sup
plies is universal An unprecedented week
~ output of coke Is cOincident with state
ments that the usual summer shutdown
In iron and its allied industries will be
ignored, and claims from Pittsburg Of the
placing Of record-breaking contracts for
steel rails for export to Russia, not how
ever, for immediate delivery. Predictions
of s2o for Bessemer are within sight of
realization and warnings of OVERRIDING
the situation are more numerous
Hopes of improvement in the wooden
goods industry have materialized in an
active demand at leading markets for
the manufactured product, and stimuli
taneously from several markets come
reports of abnormally small stocks of
lightweight. goods in dealers hands.
Wool is more active and firm, in sympa-
thy Herewith. and sales are lagrer,
though mostly on speculative account
A feature is heavy sales of high grade
domestic woods to foreign buyers, but
whether this wool goes abroad depends
upon next weeks London sales.
improved crop reports are responsible
chiefly for lower quotations of products
declining in price this week. Wheat has
been affected by glowing reports from
spring wheat sections. but more espe-
clally by continued enormous deliveries
of other crop supplies. pointing to the
1898 spring wheat yield. and yet the ag-
gregate yield Of this year having been
heavily underestimated. At the decline,
however, good buying on export account
has developed.
Railroad reports point to an excep-
tionally large traffic doing and earnings
reports continue favorable. particularly
in the Northwest, but passenger and
freight rate cuts are increasing. Lumber
retains all of its early activity and
strength alike as regard movement and
prices.
Wheat, including flour shipments for
the week, aggregates 3,746,718 bushels,
against 1880, All bushels last week, $780,
40 bushels in the corresponding week Of
1898, 2,156,246 bushels in 1897, 1881, 631 bush
els in 1896 and 1,946. 1902 bushels in 1895.
Since July l. this season, the exports of
wheat aggregate 226,769,672 bushels,
against 22s, 072, 1903 bushels last year. Corn
exports for the week aggregate 2,S72, 1872
bushels, against 3285, s01 bushels last
week; 3,902321 bushels in this week a
year ago, 2,231,s61 bushels in 1897, 1,7O6, :
SGT bushels in 1886 and SS4,261 bushels in
1895 Since July /, this season, corn ex-
ports aggregate 166, 998158 bushels,
against 194,706,347 bushels during the
same period a year ago =.
Business failures probably reflects an
annual settlement numbering for the
week 1879, against $50 last week; go in
this week year ago. 215 in 1897, 21S in
1896 and 215 in 1895. Business failures in
the Dominion of Canada for the week
number 10, against rs last week; 10 in this
week year ago, II in 1897, 10 in 1896 and
% in 1885,