The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-07-08
FEWER FAILURES
This Year Than Last, so Say the
Commercial Agencies

New York, July 7-Bradsreets tomor-
row viii say.
Holiday observauces ana semi-aunual
stock takings have worked toward quiet
ln general trade and Industry, but it Is
significant Of the favorable conditions rul-
ing in this as comared with previous
years that trade advices point to rather
more than the average business being
done Notwithstanding the checks to de-
mand shipments above mentioned. Addi-
tonal results of the seasons work brought
10 light are fully as favorable as those
in Bradstreets report last week and fur
nlsh an adequate basis for the general
air of confidence with which the business
world faces the latter half OF the year.
Bank clearngs returns fully bear out
estimates given last week pointing TO un-
precedented totals and enormous gains
for the six months period over proceeding
prices points 10 a steady Strengthening
quotations OF staple and exceptionally few
decreases in prices registered In June. All
indications favor a total export trade ht-
tie below that OF last years phenomenal
total what little falling off there has
been shown being due to reduced Europ-
can takings Of American food products
Preliminary reports as TO railroads gross
earnings indicate exceptionally good show
ings for the month. and the half yearly
period, the gains in fact being the heavi
est reported this year
Dlstrlbutive business on seas0nable ac
count is naturally on O small scale, bu
orders for fan delivery are reported par
ticulary liberal ana making fayoraul,
comparisons with last year In the iror
trade the strength Of prices and demand
is stiu the most notable feature, further
advances IN pig iron being notable thi.
week and delays growing out OF nadeqg
ate supplies are becoming increasingly
numerous
Another strong situation is found IN th'
wooden trade. Prices Of the better grade.
have been advanced this week on active
demand from daiers and manufacturer
and in sympathy with the advance AT
London Cotton has strengthened quite
considerably, owing 10 very heavy rains
eliminating in disasterous foods Tex
AK The wheat market has moved within
a narrow range this week. weather condi-
ti0ns furnished the basis for most ot the
changes shown. the closing days of ths
week witnessing cCnlderab.e hrmness ON
short covering due 90 less satisfactory
crop reports from the northwest which
are. however. not confirmed by continues
heavy reLepts AT primary markets. ny
the rather better than expected out turn
Of winter wheat. and by the confident re-
ports as 90 trade received from the north
west Among the industries which report
a more cheerful outlook than for sornt
time past IS that Of anthacite coal which
was advanced 25c ton on July l.
Rather more strength ls noted in lumber
ana the same is true of leather, parucu'
larly calf skins, for which IL Is understood
the government Is in the market for con'
siderable quantities. Sugar has sympatni
zed with tendencies OF foreign markets
In which speculative activity has hsuree
conspicuousiy. The extension OF the guar
antee period on refined grades gives coloi
70 earlier reports that competition WI
not be especially bitter during the cannini
season.
Wheat including -four, shipments fo
the week aggregated 375s.S72 bushels
against s26s s.6 bushels last week, 272s 81
bushels in the corresponding week Of lss
2. 502, Cos bushels In 1857. 2l6I-07s. bushels j
| 1885. and 2. si7 .2S7 bushels IN 1896.
Corn exports for the week aggresat
| lsT7 l.l bushels, against 3, is2 ZIG 0ushel
last week; 24ii,2 ~ bushels IN this week
year ago 2,TS2Tl7 bushels Ia 1897, 1881.