The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-28
IN THE BUSINESS WORLD
NO IMPORTANT FIUCTUA1qoNS
WE'RE RECORDED BY BRAD
STREETS LAST WEEK
GOOD CORN CROP ASSURED
Iron Trade, However, More Depres-
sed Than for Several Years
Past-WOOI and Cotton
Looking Up.

NEW YORK. July N.-Bradstreets to-
morrow will sayI
Important changes in trade and spec
ulation are notably lacking this week,
but counter currents of demand in vari-
Gus industries and sections lend rather
moro than an irregular appearance to the
general situation. Among the notable
features calling for notice are the prac-
teal assurance of an immense corn crop
in the West; the cheerful reports from
the sections which have gathered and
are now marketing large winter wheat
crop, advtces OF continued Improvement
In the tone in the Northwest, with re-
ports Of renewal of earlier Cancelled or
ders for fall goods. fairly satisfactory
gains in gross railway earnings, less
weakness in prices Of the country's lead
ing cereal products, based apparently on
renewed buying for export, and rather
more inquiry for raw wool by manufac-
turers.
Cnfavorable elements In trade find
their chief and greatest exposition In the
iron and steel business. That industry
Is II possible, moro depressed than at
any time for three years past, and ex-
pectations that price declines will be
checked by the arrival of finished ma
terial at the cost basis have been dis
appointed, because this weeks steel bars
have been sold in some instances at lie
per pound, which is unquestionably be-
low the basis Of cost of raw materials
and manufacture. It is still a BUYERS
market. with everything that Is import
ant. Business would undoubtedly ok
pand If ship room was available Among
other metals tin is the only one of the
free arrivals, after touching the highest
point in twenty-seyen years.
Trade in dry goods, at the East par
ticuarly. seems backward pending a.
clearer realization of the cotton goods
situation. Bleached goods have been re-
duced, but brown goods and cottons are
steady. Some selling of their raw cot
ton by Eastern mills for exports Is re-
ported. Satisfaction is expressed as to
exports Rather more inquiry for wool
at Eastern markets Is a sign of manu-
facturers getting ready for the light
weight season.
Wheat including flour shipments, for
the week aggregate 2,613,670 bushels.
against 900 bushels last week, 1856. =
432 bushels in the corresponding week of
1899, 2,197,O0O bushels in 1898, 1920, 900 BUSH
els in 1897, and 2,648,74S bushels In 1896.
From July 1 to date the season wheat
exports are L, IA, $50 bushels, against 49,
1918 bushels last season, and 1881, 80
bushels In 1889. Corn exports for the
week aggregated 3.24S,745 bushels, against
4,1S2,159 bushels last week, 3,7O032O bush
els year ago, 1861, 100 bushels In 1888,
S1S2.75 bushels in 1887, and 1885, 82O bush
els In 1885, From July 1 to date, this
season, corn exports aggregated 1903, 2G6
son, and 900 bushels in 1861
Business failures are smaller. num-
bertng 1873 in the United States, as COM
pared with 202 last week, 40 In this week
a year ago. 1S9 in 1898. 259 in 1897, and POI
in 1895.
Canadian failures number 49, against
26 last week. 16 in this week last year