Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-07-15
THE TRADE SITUATION.
NOW FEATURES ARE OF UNI
FORMLY FAVORABLE
CHARACTER
~ INV
(By TclecraDh to Virpinion-PiIot

(By Telegraph to Virginian-Pilot.>
New York. July 14.-Bradstreets to-
morrow will say:
| New features in the general trade sit
| uation this week are of an almost un-
formly favorable character. So rare
indeed. are the disturbing and unset
Ting features as to necessitate consid-
cradle search to locate them. Addition
al statistics of past trade movements
received are certainly of an encourage
ing nature. foremost among these being
exceptionally good railroad earnings
returns for June and the first half of
the year and ascertained totals OF an
enormous export trade, practically
equal TO the prenomenal business of the
preceding fiscal year. The record of
| railroad receiverships for the first half
OF the year bears Il striking rcSem-
balnce 10 the list of business mortali-
ties. inasmuch rs they are the smallest
in number reported since reeeiverships
hrst became prominent Among cur
rent news features might be mentioned
the quite favorable July crop report of
the AGRICULTURAL Department, which.
while confirming earlier advices OF a
more moderate yield of winter wheat,
ana therefore OF Il smaller average of
crop than thar gathered last year, adj
mitted. however, To have been largely
under estimated, point to a large acre
age in corn and conditions, which, if
| maintained, should easily resul; i'm n
crop in excess of $500 900. 600 bushels.
Late unfavorabie reports from Russia
point TO etill more pronounced dimi-
mutton of crop yields in that country
TINS year. Official French crop esti-
mates also have been Whitfield down
ana the outlook seems to favor the
probability that Europe will buy nearly
as much wheat in America as it did in
the last ilscal year. when, it might be
ADDED. exports exceeded the totals of
the boom year 1S97-'9S. In Industrial
lines, the outlook is a promising one.
me settlement of the coal miners
strike in Pennsylvania and of the tin
Plate workers dispute bid fair To re-
SUIT III nearly 10000 men rcsumlng
work after the summer shut down. 4
number Of wage Increases are also
among tho weeks devclOpmants:. Iron
olast furnace report for July list points
10 an unprecedented current weekly
production. but available stocks OF pi,
IRON are Down 10 less than one week S
supply. From several ccnters of indus
trial activity come reports Of scarcity Of
labor. initiating against even moro
pronounced activity. Iron and steel
While rejecting the summer ouietness
To some extent I'm The Sast. are quite
&C. IN Demand N The West. and some
heAVN sHl's are reported from Chic 20.
win further price advances in structu
re- ra i'r ). F.ss i0cr re is now
slightly move thnn double what +, Voc
ore year %. RcNHr.s ore CURRENT that
'nal airy emer's for bo ',frr Of n
iiar2e ouai lily of fore gn business has
been closed.
The Price situation IS naturally =
strong ore. wheat ana coffee alone OF
an the prominent STABLES beins, lower
on the week and the former only frnc-
ti"naiiy so, owing 10 ! rge receiuts at
me West ard 10 the check to export de-
mana caused by reaction from the
price reached some tine ago.
Wheat, including -four. shipments for
the week aggregates 3253.Sl5 bushels
asains; S,7iS.s72 bushels last Nj,