The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-15
THE CONDITION Of TRADE.
Features Are of Uniformly
Favorable Character.
GOOD RAILROAD EARNINGS
An Enormous Export Trade-Favorable
Agricultural Report - Two Billion
Bushels of Corn-A Promising
Industrial Outlook.

New YORK, July 4.-Bradstreet'S to-
| morrow will say: New features in the
general trade situation this week are of
an almost uniformly favorable charac-
ter. So rare indeed are the disturbing
features as to necessitate search to To-
cate them. Additional statistics of past
trade movements received are certainly
of an encouraging nature, foremost
among these being exceptionally good
railroad earnings returns for June and
the first half of the year and ascer-
tanned totals of an enormous export
trade, nearly equal to the phenomenal
business of the preceding fiscal year.
The reports of railroad receiverships for
the first half of the year bear a striking
resemblance to the list of the business
mortalities. inasmuch as they are the
smallest in number reported since re-
ceiverships first became prominent.
Along current news might be men,
toned the quite favorable report of the
agricultural department, which, while
confirming earlier advices of more
moderate yield of winter wheat and
therefore of a smaller aggregate crop
than that gathered last year, admitted,
however, to have been largely under
estimated point to large acreage in
corn, and conditions which, if main
tanned, would easily result in a crop in
excess of 1000, 900 900 bushels Late I'M
favorable reports from Russia point to
still more pronounced diminution of
crop yields in that country this year.
The official fresh crops estimated also
have been whitfield down and the out
look 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, exports
exceeded the totals of the boom year,
1878. In industrial lines the outlook Is
a promising one The settlement Of the
coal miners strike in Pennsylvania and
of the tin plate workers dispute bid fair
to result in nearly 10000 men resuming
work after the summer shutdown. A
number of wage increases are also
among the weeks developments. The
iron blast furnace report for July
points to an unprecedented current
weekly production, but available stocks
of pig iron are down to less than nne
weeks supply. From several centers of
industrial activity come reports of
scarcity of labor, initiating against
even more pronounced activity. Iron
and steel, while rejecting the summer
quietness to some extent in the East,
are quite active in demand at the West
and some heavy sales are reported from
Chicago. with further price advances
in structural material.
Bessemer pig is now slightly more
than double what it was one year ago
Reports are current that final arrange
ments for booking large quantity Of
foreign business have been closed,
The price situation Is not a strong
one, wheat and coffee being lower on
the week, and the former only frac-
tionally so, owing to large receipts at
the West and the check to export de-
mand caused by reaction from the price
reached some time ago.
Wheat Gncluding -FOUR shipments for
the week aggregate '3,263,S15 bushels
against 3,75S,972 bushels last week,
2,910,827 bushels in the corresponding
week of 1898, 1,522,022 bushels in 1897.
2,963,949 bushels in 1896 and 1852, S92
bushels in 1895. Since July /, this sea-
son, the exports of wheat aggregate
7,019,7S7 bushels against $3.50 469 bush
els last year and 4,024,69S bushels in
1875
Business failures numbered 174
against 1856 last week, 23S In this week
a year ago, 247 in 1897, 255 in 1896 and
pa in 1895.
Business failures in the Dominion of
Canada number 2 as compared with &c
last week, % in this week a year ago,
So in 1897 SO in 1896 and 90 in 1895.