Omaha daily bee., 1899-06-17
BnADsTREET's REVIEW OF TRADE,
Crop Conditions the Ruling Factor Oi
Weeks Business.

crop Conditions the Ruling Factor of
WcclS's Business.
NEW YORK, June 16.-Bradstreet's to-
morrow will say:
Weather and crop conditions figure to
greater extent than usual this week, not
only in the domain of actual distribution,
but in their effect on values of staples par
ticularly agricultural products, a majority
of which are higher. Noteworthy in this
respect is wheat, which has advanced on
government and other reports, pointing, ac
cOrding to some, to $50, 900, 900 bushels and
by others estimated as low as 500, 600, 900
bushels. The possibility is also presented
of spring wheat, for the first time on rec
ord equalng if not exceeding in yield the
winter sOwn grain, owing to the severe
weather last winter and insect damage to
the latter crop since then. Particularly
helpful however, in advancing prices have
been the reports of widespread damage to
the Russian crop, less glowing spring wheat
reports from the northwest and tentative
estimates of the worlds crops pointing 10
250, 100000 to 350,0O0,0O0 bushels less yield
than in 1898.
Oats and other small cereals have sympa-
thized with wheat, particularly as acreage
and condition figures point likewise 10 di
minished yields. Hog products have shared
the strength of cereals but cotton remains
unchanged, Notwithstanding reports Of de-
creased acreage and very firm conditions in
the manufactured goods trade, rather re-
fecting, in fact, reports of improved crop
conditions at the south as the result IF the
breaking OF the dry spell in the gulf states.
The crop is, however, still backward.
Advices as to distributve trade are in
the main very favorable. Hot weather has
stimulated retail business and orders Cor
fair delivery are reported In larger volume
and earlier than for years past. At some
ceners, in fact, less than the usual effect
Is looked for from seasonable midsummer
influences This is, however, best illus
trated in the iron and steel trade which
displays uneXampled activity as regards
summer production and consumption, lin
tied only by the obtaining of supplies Nd
vances air along the line are again a fea-
ture IN this trade. Predictions of further
advance in the price of rails are made,
based upon the fact that old contracts at
very low rates have now been nearly filled
Notwithstanding these advances, there is
still some export inquiry and a feature re-
ported has been one on continental ac-
count for American coke
Iron ore shipments although the season
is three weeks late, nearly equal those Of
a year ago Long abandoned eastern ore
mines are being reopened and shipments of
Alabama steel and Texas pig iron to Pitts
burg disprove the trouble of the old proyerb
that there Is little profit in carrying Goals
10 Newcastle
Wheat, including -four shipments for the
week aggregate 2,799,47l bushels against
3,l5S,047 bushels last week, ,7S7 bushels
in the corresponding week OF 1898, 2,547,3l9
bushels in 1897, 3,O2O317 bushels in 1896 and
2,S57, ,3O7 bushels in 1895. Since June /, this
season, the exports OF wheat aggregated
211 O1202i bushels, against 225 272, S33 bush
els last year Corn exports for the week
aggregate 3,285,3Ol bushels, against $3.50
$50 bushels last week, 4,1OG,7OG bushels in
this week a year ago, 1,924,3l3 bushels in
1897, 151O,761 bushels in 1896 and S5S,95l
bushels In 1895. Since July this season
corn exports aggregate 1863 425,72G bushels,
against 100. .SO4 ,026 bushels during the same
period year ago
business failures number $50, against 178
last week POI in this week year ago, 22j
in 1897 265 in 1886 and 23l in 1895 Cana
dian failures number 25, against 10 last week
and in this week a year ago, "a in 1897, 36
in 1896 and 80 in 1895,