Show TRAUE IS MPRQIW Improvement is One of Tone Rather Than Demand OUTLOOK IS ENCOURAGING Crop Indications are for a Yield of 540000000 Bushels of Wheat and a Next to HccordBrcaking Corn Yield Satisfactory Financial Returns Re-turns are Confidently Looked for in the Southern Cotton Crop Railroad Earnings Point to Volume 1 of Business in Excess of Last Year l Now York July Bradstrocts tomorrow to-morrow will snyi While tnide Is still only of midsummer volume the begin nlng of improvement In demand is apparently becoming visible The Improvement Im-provement is still one of tone rather than of demand but with a yield of 510000000 bushels vof Avlicat a next to recordbreaking yield of corn and avery a-very large production of oats the Western West-ern crop situation contains many encouraging en-couraging features The Southein cotton crop has undoubtedly un-doubtedly suffered and conditions arc unprcccdentcdly low for this season of the year but the acrqagc planted was a leading one andprices so much higher that asatisfactory financial return re-turn Is confidently looked for In addition ad-dition railroad earnings point to the maintenance of the business of the country at a volume In excess of last year The effort of the big iron and steel concerns to control prices if really made has proven abortive and another an-other wholesale slashing of quotations is to be reported this week Production Produc-tion however Is falling off and increases in-creases of furnace stocks though considerable con-siderable would seem small if renewed activity occurred It is hard to see how loner prices can be expected and It is said that present quotations are attracting some business especially at Chicago The Industrial situation Is rather better ns a result of agreements upon wages by a number of iron and steel manufacturing concerns and their employees em-ployees 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 he week aggregate 2520910 bushels bush-els against 301SJ532 bushels last week 326381 bushels In the corresponding week of 1SD9 2910827 bushels In 1S9 1C2209J2 bushels in ISO and 29G3919 bushels In 189G From July 1st lo date this season wheat exports were 5S 15712 bushels against 70227SS bushels lust season and 5G394G9 bushels in 189S99 Business failures In the United States for the week number 221 as compared com-pared with 146 last week 171 in thin week a year ago 235 In 1898 211 In 1897 and 255 In 189G Business failures In the Dominion of Canada for the week number 22 as compared with 25 last week 27 In the week a year ago 28 In 189S 33 In 1597 and 33 in 189G |