The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-14
IMPROVEMENT IS SHOWN
BRADSTREET'S WEEKLY SUMMING
UP OF THE TRADE OUTLOOK
FAVORABLE
TONE RATHER THAN DEMAND
Western Crop Situation Contains
Many Encouraging Features-3et-
ter Feeling as to Railroad
Earnings Shown.

NEW YORK, July 13.-Bradstreets to-
morrow will say:
while trade is still of only midsummer
volume the beginnings of Improvement
in demand are apparently becoming Vlsl-
BILE The Improvement is still one OF
tone rather than of actual demand, but
with as seems probable a yield OF 54O,-
900 coo bushels of wheat, next to record
breaking yield of corn, and very large
production of oats, the Western crop sit
uation contains many encouraging Tea
lures. The Southern cotton crop mas
undoubtedly suffered and the condition is
unprecedentedly low for this season OF
the year, but the acreage planted is a
large one, and prices are so much higher
that a satisfactory financial return is
confidently looked for. In addition, rail-
road earnings point to a maintenance OF
the business of the country at a volume
IN excess of last year.
1.-The effort of the big iron and steel
concerns to control prices, if really made,
has proven abortive, and another Whole-
sale slashing of quotations is to be re-
ported this week. Production, however,
is falling off and increases of furnace
stocks, though considerable, would seem
small if renewed activity occurred. 1t
is hard to see how lower prices can be ex-
pected and it is said present quotations
are attracting some business, particular
~ at Chicago.
1.-The situation in cotton goods is an
embarrassing one for the manufacturers
Raw cotton, old crop, this week reached
the highest price in ten years, but moth
ing like proportionate advance is being
secured in many finished products. Ex-
port trade with China has been checked,
several mills have shut down and short
time during the summer has been practi-
cally agreed upon by the Fall River print
cloth mills.
"a rather better tone is noted in the
dry goods market at New York with
symptoms of expanding demand, chief
~, however, for seasonable goods. Con-
cessions in prices have induced rather
freer buying Of wool a some centers, and
the tone of the London sales is firmer,
but the goods markets show little ami
nation.
1.-THE industrial situation is rather bet
Yer, as a result of agreements upon
wages by a number Of iron and steel
manufacturing concerns and their en-
ployes. Lower prices for lumber are
apparently inducing more activity in
building, though how much Is due to this
or how much to the settlement of labor
disturbances is hard to measure.
Wheat, including flour, shipments for
the week aggregate 2,829,910 bushels,
against 8,01S,S32 bushels last week, $685.
1899, 2,910,S27 bushels in 1898, 1922, 092 bush
els in 1897 and 1858, 949 bushels in 1885,
From July to date, this season, wheat
exports are 5,S48,742 bushels, against
7,022,77 bushels last season and 5,639, 1859
bushels in 1S9S-99. Corn exports for the
week aggregate 4,022,06S bushels, against
S,6l4,294 bushels last week, 4,553, 7S9 bush
els in this week q year ago, 2,S22, 248 bush
els in 1898, 2.729,51O bushels in 1897, and
1,110,3u bushels in 1885, From July to
date, this season, corn exports are 1885,
and 5,233, $50 bushels in 1889.
Business failures in the United States
Tor the week number 221, as compared
with 146 last week, 174 in this week a
year ago, 23S in 1898, 241 in 1897 and 255 in
1895. Business failures in the Dominion
Of Canada for the week were %, as COM
pared with rs last week, q in this week
q year ago, % in 1898, 80 in 1887 and 80 in
$780,