The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-07-15
BRADSTREET"S
REVIEW OF TRADE
New and Favorable Features In
the General Situation.
GOOD RAILROAD EARNINGS
Outlook a Promising One in the Indus
trial Lines-Number of Increases
in Wages Are Among the
New Developments

New York, July 14.-Bradstreets tomor-
row will say:
New features In the general trade situa-
ton this week are of an almost uniformly
favorable character. So rare, indeed, are
the disturbing features as to necessitate
considerable search to locate them. Add
tional statistics of past trade movements
received are certainly of an encouraging
nature foremost among these being eXcep-
tional good railroad earnings returns tor
June and the first half of the year and as
certained totals of an enormous export
trade, practically equal to the phenomenal
business of the preceding fiscal year. The
record of railroad receiverships for the first
half of the year bears a striking resem-
blance to the list of business mortalities,
inasmuch as they are the smallest in num-
Der reported since receiverships FIRST pc
came prominent Among current news
features might be mentioned the quite
favorable July crop report of the agricnl-
tural department which, while confirming
earlier advices of more moderate yield OF
winter wheat. and therefore of a smailer
aggregate crop than that gathered last
year is admitted however, to be largely I'M
derestimated in point of a large acreage in
corn cOnu1IlOnS WHICH IL IidlAiloAhSN "O-N
probably result In a crop in excess of q
00O. 900 900 bushels. Late unfavorable re-
ports from Russia point to a still more pro-
nounced diminution of crop yields In that
country this year The official French crop
estimates have also been whitfield down ana
the outlook seems to favor the probability
that Europe will buy nearly as much In
America as 1t did in the last fiscal year,
when, it might be added, exports exceeded
the totals of the boom year 1S97-9S
In industrial lines the outlook is prom
Using one.
The settlement of the coal miners strike
in Pennsylvania and of the tin workers
dispute bid fair to result in nearly 6o,09o
men resuming work after the summer shut
down. number of wage increases are
also among the weeks development. The
iron blast furnace report for July points
to an unprecedented current weekly pro-
duetion. but available stocks of pig iron
are down to less than one weeks output.
Several centers of Industrial activity re-
port labor agitation, causing some uneasi-
ness. Bessemer pig is now slightly double
what it was one year ago. Reports are
current that final arrangements for book
ing a large quantity of foreign business
have been closed 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
fractionally so, owing to large receipts at
the west and the check to export demand
caused by reaction from the price reported
some time ago. Wheat shipments for the
week, including flour, aggregate 3,263,8l5
bushels against 3,75S, 972 bushels last week,
291O, S27 bushels in the corresponding week
of 1898, So 092 bushels in 1897, $685. $40 BUSH
els in 1896 and 1,652, 1872 bushels in 1895.
Since July !, this season, the exports OF
wheat aggregate 7,0l9,1S7 bushels against
$3.50, 1859 bushels last year and 4,o6i,69S BUSH
els in 1S97-9S
Corn exports for the week aggregate A.
553, 739 bushels against 4,O97,144 bushels last
week, 2,S22 S4S bushels in this week a year
ago. 2,723 $40 bushels in 1897, 1,110351 bushels
in 1896 and SS5,512 bushels in 1895. Since
July l, this season, corn exports aggregate
$3.50, 1888 bushels against 5,3l6,520 bushels
during the same period a year ago and
5,456, 227 bushels in 1S97-9S
Business failures number TIA against 1876
last week, 23S in this week a year ago, 21
in 1897, 255 in 1896 and pa in 1895.
Business failures in the Dominion of
Canada number 81 as compared with %
last week. 2S in the week a year ago, So
in 1897, SO in 1896 and 30 in 1895.