The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-04
SUMNER TRADE IS LIGHT
SUMMARY BY BRADSTREETS OF
WEEK IN TRADE, IRON AND
GRAIN CIRCLES
CROP SITUATION IS BETTER
Gradual Improvement I'm Iron Trade
i.a and Volume of Business Is
Great-FaiIures in e
States and Canada.

NEW YORK, Aug. S.-Bradstreet's to-
morrow will say: Trade conditions still
favor the buyer; general fall demand
though fair, in view of the midsummer
conditions, is still below expectations
and below year ago; bank clearings
are at the lowest for two years past,
and failures are slightly more numerous,
though no marked tendencies are per-
ceptible. On the other hand, gross rail-
way earnings hold the percentage of
gain previously shown, and where prices
are made low enough to satisfy buyers
a heavy business is uncovered and read
fly booked, pointing to demand being
still present and awaiting disposal
The crop situation, as a whole, is bet
ter the outlook as to corn is for
2, 600 bushel crop. Spring wheat is
turning out better in quality and guam
uty than expected, and there has been
an unquestionable improvement in cotton
crop conditions
The yield Of apples will be the largest
for many years. and fruits generally are
yielding literally and commanding good
prices.
The iron and steel industry furnishes
the most notable example of reduced
prices. inducing a heavy business, and
while the outlook Is still confused one,
the volume Of trade in finished material
notably bars and plates, is very large.
Foundry pig iron has been In better de-
mand, but at concessions, and the drift
of crude prices generally is toward a
lower level.
More export inquiry IS reported for
rails at the West and for iron in the
South, but ship room scarcity obstructs
business.
Textile demand Is still uncertain, the
future of prices not being clearly out
lined.
In cotton goods some irregularity is
noted The raw material is lower there
on fuller realizing that the crop out
look has improved and that the high
prices are a check to demand Wide
sheetings have been marked down in
prices this week. and while the Fall River
p prices Of print cloths are insistent upon
shading in these goods is reported at
other Eastern centers.
The cereals are all lower this week.
partly on better crop reports and partly
on cables, but largely on the growth of
bearish feeling after the late reaction
Beer products are generally higher On
army demand. Alone of the metals, lead
is actually higher on improved demand,
while tin is seeking a lower level in sym
pdIhy with foreign markets and inCreaS-
ed supplies.
Wheat, including flour shipments, for
the week aggregate 1927, OOS bushels,
against 74S last week, All, GA in the
CORRESPONDING week Of 1889, ALI, 312 in
1898, S,aOS Al in 1892. and 2,747, $50 in 1896.
From July to date, this season, wheat
exports are 14,56S.6 500 bushels, against
lS,SoS'Og6 bushels last season. and 1926
122 in 1S9S~1S99.
Corn exports for the week aggregate
!, Se9PQ5 bushels, against 3,264,745 last
week 5O27,7O6 in this week a year ago
2S56.92S bushels in 1898. 1928, 1856 bushels
in 1897, and 1.257, 1873 bushels In 1896. From
July to date. this season, corn exports
are lS,9lS,21 bushels. against 21,045, 2OS
bushels last season, and 1854, 1872 bushels
d in IS9S-1S99.
Business failures for the week number
40, as against 1S3 last week, 153 in this
week year ago, 1S9 in 1898, 214 in 1897
and 269 in 1896. Canadian failures for the
week number %, as against 13 last week,
&c in this week year ago, and % in 1898.