The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-24
AND NOW WITH SOMETHING
SOLID BEHINDpIT.
NOT A NOTE y OF DlscoRD.
FOR THE FIRST TIMEI IN WEEKS
THE TWO TRADE REVIEWS .
AGREE.
NEW ELEMENT OFF STRENGTH seen
Gold From the KlOndyke Country O.
Factor of Importance In the
Trade Situation.

NEW YORK, July 23.-Bradstreet's
tomorrow will say: The widespread
confidence that there will be a marked
revival in general trade in the fall,
continues to grow, and with 1t ma
terial evidence that it is we'll founded.
Chicago jobbers in clothing, dry goods
and shoes, and manufacturers, there
and elsewhere, of pianos, organs,
wagons and farm implements, report
that fall business has begun, which is
much earlier than usual. The distri-
button of general merchandise from
ST. Louis is a little less active, al
though trade there is favorable. Like
reports are received from Pittsburg,
Notwithstanding dullness in iron and
steel; Savannah, in spite of this being
the busy season on plantations: Oma-
ha, Milwaukee, Minneapolis and ST.
Paul, where merchants are feeling the
influence Of prospectively large crop
of wheat, and from Galveston and
other points IN Texas on the favorable
crop outlook and confidence in an in
creased movement of merchandise next
fall. Demand for supplies for shin
ment to the Clondyke region has made
July the busiest instead Of the duIIest
month in the commercial year at Sc
attic. and has had an influence on
sales Of staples at Tacoma, Portland
and San Francisco.
The worlds wheat crop ioutlook con-
dnues to favor the United States much
as it did eighteen years ago. The out
look is that Russia, alone, of all other
wheat exporters, will be able to COM
pete with the United States. The adj
vance or more than twenty cents a
bushel compared with year ago, is
in the face Of a domestic wheat crop
probably 100,000,000 bushels larger than
last year. The prospect for a con-
tinued higher level for quotations, ow-
ing to increased demand from import
ing countries, explains how the Amer
lean farmer is to secure his proportion
of the advance and the coming era of
prosperity. That he is alive to the Sit
uation is indicated by tendency to
hold back wheat already harvested
Notwithstanding higher quotations.
Unfavorable trade features include
the continuance of the strike of btu
minous coal miners in the Western
and Southern states, which now begins
to threaten the continued activity of
industries dependent upon that va
riety of fuel, the practical stagnation
OF the Bessemer pig iron and steel
billet markets with prices as low as
ever known the shutting down of
New England cotton mill machinery
to reduce output and get rid of stocks
on hand and the unsatisfactory condi-
ton of the wooden goods market.
owing to the relatively low prices of
produce compared with quotations for
raw material, -"
Exports of wheat. flour included.
from both coasts of the United States
and from Montreal this week amount
to 1976.S 1913 bushels, an increase of
about 456,000 bushels compared with
last week, for which shipments from
the ports of New York and Baltimore
are largely responsible. The cores
pondlng total in the like week last wear
was 3,O73,000 bushels, in the week two
years ago, 1,265,O00 bushels, three wears
ago 3,SSS,OO0 bushels, and in the cor
responding period in 1898 4,365,OOO
bushels. Exports of Indian corn
amount to 2,29S,379 bushels this week,
contrasted with 2,723. 900 bushels last
week, 128S,000 bushels in the week a
year ago, 10000 bushels two years
ago, 256,OOO bushels three years ago,
ana as compared with 1857, 900 bushels
in the like week of 1893
There are 220 business feilures re.
ported throughout the United States
this week, as compared with 247 last
week 2SO In the week a year ago. 239
IN the week two years. ago. 237 three
years ago and 489 in the corresponding
PERIOD IN 1893. There were q business
Iallures reported from the Dominion
oL canada this week, against SO last
week, 81 in the week a year ago. and
70 two years ago.