The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-12
BUSINESS STILL.
ON THE UPGRADE
Crop Reports an Important COntrIbu-
ton for the Week.
IRON AND STEEL INTERESTING.
Heavy Western Demand-The Annual
Railroad Car Famine at Hand,
Business Failures Show Ia
yorably with Last Year.
IRON AND STEEL INTERESTING.

NEW YORK. Aug 11-Bradstreets Will
tomorrow say:
Crop reports and probabilities have con-
sttuted an important contribution 70 gem
eral trade and business advices this week.
Among the unquestionably favorable fea-
ture have been the reports regarding the
corn crop: government estimates pointing
to a yield of probably 100000 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 I'm showing
decrease I'm condition during July. The
reduction of g. oo0 bushels in the prob
able outcome estimates, however stu
allows of a total wheat crop OF 5a|.e0w
bushels. considerably smaller, it is true
than last years but with the exception
of lSqS and 1921. the heaviest recorded.
Cotton crop deterioration is indicated by
the government report. and prices are il
cent HIGHER on the week on decline OF
nearly n points as compared with q year
ago Visible supplies of cotton are nearly
10000 bales larger than az this tme
wear ago. and are nearly double what
they were I'm 1897. but against this Us TO
be cited the generally profitable business
I'm manufacturing lines the world over
and the belief that good spinning grades
may be scarce.
IRON AND STEEL.
The iron and steel situation is particular
~ interesting a. present Though not SIC
cialfv active at Eastern markets. western
adviccs are Of heavy demand scarce SUP
plies OF material. high prices ana IN
crossing volume GO business booked i9r
next year The July production OF pig
iron was tho largest ever known out. I'D
solte of mis- stocks showed decrease
and current production Is easily nj the
ratio of lipo00 tons year Tho am
uual railr1ad car famine is apparently
al mud reports Of insufficient transpor-
fafion facilities being particularly promi-
nen. IN the coke ana coal industries.
}ildes leather. boots and shoes arc
.,n1u.thoficallv strong and ~ conNe0-
ton Of shoe manufacturers M philadel-
uhia this week a practical agreement To
advance r-ires Of the finished product
was reached.
Wool is firm on steady manufacturing
demand. particularly for the finer grades
of the domestic and advances from The
manufacturing industry are generally Ia
vorahie.
Lumber IS firm as is also sugar. for
which am 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 for the week in the
United States number 1856 as compared
with 156 last week. 1-7 year ago and 2lt
I'm 1891 I'm Canada. failures for the week
number 81 against % last week, 53 year
ago and 81 I'm 1897.
GRAIN EXPORTS.
Wheat. including -four shipments FOR
the week aggregate 36l6.jd bushels
against 41Il6ll bushels last week, 1923 900
bushels in the corresponding week of lSs.
44G05i9 bushels I'm 1891 1885 2lf bushels in
1896 and l.S2462S bushels I'm 1875.
Since July lst, this season. the exports
Of wheat aggregate % i250co bushels
AGAINST 1S.3lL12S bushels last year and
1G1lj.5i3 ln 1876.
Corn exports for the week 5eN2G
bushels against soy 7o6 bushels last week
3.5l7s52 bushels IN this week year ago,
3.2-5. $50 bushels in 1897. 23G115 bushels
I'm 1896 and 1856 bushels I'm 1895.
Since July lst. this season. corn cV-
ports aggregate 26,s9556i bushels against
l7n2.3H bushels during the same period
a year ago. and 5.136 SS bushels i'm 1875.