The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-07-15
FEW DISTURBING FEATURES.
TRADE S!TU ALTON FoR THE wEI,h
IN GOOD SHAPE.

railroad ReceiVcrShi..s for the Firs.
Hall OF the Year Were Hemnrl,-
ably Few-OutIOols in the Indus
trini Field Is Promising one.
unfnVornbIc Reports From RuasIs.
With the CercalS-Thc Price Situ-
alton Is n strong one.
New York. July Il. -Br3dtueeI to-mor-
row win say:
New features in the general trade situa-
ton tins week are of an almost unifarra,-
favorable character. 50 rare. indeed. are
the disturbing and unsetung features a.
10 neeessilate considerable search to 80
cate them.
Additional statistics of past trade move
ments received are chiefly Of an encolrae-
ns nature, foremost among these being
exceptionally good railroad earnings. re-
turns for June and the first half Of the
year and ascerlained totals of an ,nor-
nous export trade, practically equal to
the phenomenal business of the preceding
fiscal year.
The record of railroad receivcrships for
the first half of the year bears a striking
resemblance to the list of business NOR
taiities inasmuch as they are the small
est in number reported since receivcr5hips
first became prominent
Among current news features mlsht be
mentioned the quite favorable July crop
report of the agricultural department.
which win. confirming earlier adyices of
more moderate yield of winter wheat.
and therefore, of a smaller average crop
than that gathered last year, admitted.
however, 60 have been largely under-esti-
mated, point to a large acreage in corn
aud conditions. which. if maintained
should easily result in a crop In excess
of 250o,oG0.oo0 bushels
Late unfavorable reports from Russia
point TO a sill more pronounced diminution
of crop yields in that country this year
Official French crop estimates also have
been Whitfield down and the outlook seems
TO favor the probability that Europe VIII
buy nearly as much wheat in America as
it did in the last fiscal year when, il
might be added, exports exceeded the %
tails of the boom year 1S97-9S
with the Industries.
In industrial lines, the outlook is a prom
Using one. The settlement of the coal
miners strike in Pennsylvania and of the
tin-plate workers dispute bid fair 10 re-
suit in nearly 5000 men resuming work
after the summer shut down. A number of
wage increases are also among the week S
developments. The iron blast furnace re-
port for july points 10 an unprecedented
current weekly production. but available
stocks of pig iron are down to less than
one weeks supply.
From several centers of industrial ac-
ttvity 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 in the
West, and some heavy sales are reported
from Chicago with further price advances
in structural material. Bessemer pig is
slightly more than double what ii was one
year ago. Reports are current that final
arrangements for the booking of a large
quantity of foreign business have been
closed.
The price situation is naturally a strong
one wheat and coffee alone of all the
prominent staples being lower on the week,
and the former only fraciionally so. owing
to large receipts al the West and to the
check to export demand caused by reac-
ton from the price reached some time
ago.
Shipments of Cereals.
Wheat, including -four, shipments for the
week aggregate 1868, 815 bushels. against
375S,972 bushels last week, 2910,S27 in the
corresponding week of 1898; ,522 092 bush
els in 1897; 2963,949 in 1896, and 652. 1872 In
1905. Since July ! this season the ex-
ports of wheat aggregate 1919 ISL bushels,
against 5,639 1853 bushels last year and A.
GA 693 bushels in 1s97-9S.
Corn exports for the week aggregate A. -
553 739 bushels, against 4097, IA bushels
last week, 1892, S48 bushels in this week
year ago, $40 bushels In 1897: ! no
81 bushels in 1896 and SS5,512 bushels in
1895. Since July ! this season corn ex-
ports aggregate S,650883 bushels, against
). 233, $40 bushels during the same period a
year ago, and 5456, 227 bushels in 1878
Business failures number ia, against 1885
last week. 238 in this week a year ago,
247 in 1897, 255 in 1886 and PA in 1895.
business failures in the Dominion of
Canada number q, as compared with %
last week, % in this week year ago, 3S
in 1891 90 in 1896 and % In 1895.