Show OUTlOOK FOR BUSINESS I I Important Changes in Trade and Speculation Lacking BIG CORN CROP ASSURED Cheerful Reports are Received from the Sections Which Have Gathered and are Now Marketing a Large Winter Wheat CropThere are Fairly Satisfactory Gains in Gross Railway EarningsLess Weakness in Prices of Countrys Leading Cereal Product I New York July Bradstrccts tomorrow to-morrow will say Important changes in trade and speculation are notably lacking this week but counter currents cur-rents of demand In various sections and industries lend a rather more than usually Irregular appearance io the I general situation Among the notable features calling for notice are the practical assurance of an immense corn crop by the recent copious rains In the further West tho continued cheerful reports from the sections which have gathered and arc now marketing a largo winter wheat crop advices of continued improvement in tone in the Northwest with reports I of renewals of earlier canceled orders I for fall goods fairly satisfactory gains In gross railway earnings less weakness I weak-ness In prices of the countrys leading cereal products based apparently on renewed buying for export and rather 1 moro inquiry for raw wool by manu fucturers Unfavorable elements In trade probably prob-ably find their chief and greatest exposition i ex-position In tho iron and steel business busi-ness That industry is if possible l more depressed than at any time for three years past and expectations that price declines will be checked by tho arrival of finished matter at a cost basis have been disappointed because this week steel bars have been sold In somo Instances at 1 cent per pound which Is unquestionably below tho basis of the cost of raw materials and manufacture That a large tonnago 1 of this material and Southern pig Iron has been worked off seems certain but It Is still a buyers market with everything that this Implies Export business would undoubtedly expand If l shlproom were available Among other metals tin Is locally lower on freer arrivals after touching the highest I price In twenty years Rather more Inquiry for wool at Eastern markets Is a sign of manufacturers manufac-turers getting ready for the lightweight lIght-weight season Wheat Including flour shipments for the week I aggregate 2303713 bushels I bush-els against 3C2D3S1 bushels last week I 33GG132 bushels In the Corresponding week of 1899 2371872 bushels In 1S9S 24S021 bushels In 1S97 and 2648718 bushels in 1896 From July 1st to date this season wheat exports are 11211810 bushels against 13707292 bushels last season and 10381810 bushels in 1S9S 1899 Business failures are smaller numbering num-bering 183 In the United States as compared com-pared with 202 last week 170 In this week a year ago 189 In 17898 259 in 197 and 221 in 1896 1 Canadian failures number 13 as against 26 last week 16 In this week 1 last year 34 in 1898 32 in 1897 and 21 I In 1S9G |