The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-06-21
TRADE IS VERY HEAVY
AND THE GENERAL OUTLOOK GOOD
Notwithstanding, the >Unfavorable
Labor Situation at
Present. .-> -.
New York, June 21.-Bradstreet's to-day

New York, June 21.-Bradstreet's today
Conditions governing present and future
trade show very sharp contrasts While the
Immediately present situation is clouded Dy
the rather less favorable industrial OUTLOOK
and the prospect Of an extension Of the coal
strike in the bitumnous fields, the continued
favorable progress made by all the leading
crops lends assurance that once the present
strained condition of industrial AFFAIRS is re-
lieved a large and prosperous fall and winter
business is assured. .r -a .'-,--.~ 49,, g
That in spite Of disturbances past and pres
ent, heavy business is going forward IS
proved by the continued fine reports OF rail-
road earnings for this season OF the year,
very heavy bank clearings and the compara-
lively small number of business embarrass-
| 1t, of course, must be borne in mind that
the coal trade troubles, though making thell
still comparatively localized, and outside OF
sections Immediately affected in such places
as the central west, the southwest and>>the
northwest business; both present and for fu.
ture delivery, is of good volume and in most
| instances in excess Of a year ago.
With the exception of too much molsture IN
the. southwest, interfering with the harvesting
and condition of wheat and continued dryness
in Texas spelling corn and impairiing cot
ton to-, conditions, the agricultural outlook is
practically without flaws. ,.,..
crop situation In the south Atlantic, the cas-.
| tern gulf states, Tennessee, Arkansas and the
Indian Territory. Louisiana ana Iexas nOte
rain. Rains on the eastern coast have helped
vegetables and fruitss which were, suffering
| from dry weather. n. ~ :,
ebbing and the use of soft coal Is growing
| despite city ordinancesl The strike Is caus
ing some additional furnaces to shut doWr
| and thus accentuating the scarcity IN TN
| eastern part of the country. T..
| Prices of farm products show the 1nhuenct
of improving crop conditions. Wheat is one
exception to the general weakness, put I'M:
| Is as much due to bad weather reports from
| Europe ... -..,... ...... - .
Corn closes lower on the fattering out1ool
for the growing crop. oats are nKeWise, al
on the arrival of needed rains IN furtnel
declines in spot and futures, III which the
strength of the statistical situation has beer
lost sight Of.
BEEF PRICES SHOW STRENGTH. F."
| Hog products have also weakened on larger
receipts, but beef prices show Notable
| strength stEtz =. :,
ing of the past month. Country produce II
lower, potatoes particularly so, on larger re-
ceipts The strength in manufacturing mate
rails is marked, though print cloths are salS
| raw cotton. #~-
The scarcity of pig iron is causing a no
ticea5le stiffening in prices. Structural ma.
| terial and bar iron are strong, but wire ant
| sheets are dragging, and some tin plate m1l!a
will shut down shortly. An order for 2S,00
! livery this year has been refused because o
orders ahead preventing delivery: r,
Wheat, including -four, exports for the weel
aggregate 8, ,434 bu, against 3, 400, 314 las
week, and 6,52O,S31 bu in this week last year
Wheat exports, July !, 1901, to date, (afty
one 5weeks), aggregate 24o,2S5, 1873 bu. agains
30 1877 3O3 last season. Corn exports<aggre
gate l1097e blu, against 94,9s1 last week. ant
3 435, 4s7 last year. July l. 1901. to date, corr
exports are rs, 193, CTS bu, against III, 4A, %
last season. - ~: IL. .....-.
| Business failures An the United States TO
the week number TT, !: as against 165 las
week. 13S in this week last year, 1877 In 1900