The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-24
BUSINESS PROSPECTS BRIGHT,
WIDESPREAD CONFIDENCE IN A
REVIVAL GROWING.

Fall Business Already Begun at Chi
caGO In the JObbinE Line The
Trade situation at st. Louis, Pitts
burg and Many other Points Also
Favorable - The Demand for Sup
plies for the Alaska Gold Fields
Helping Business at Pacific Coast
Points.
New York, July 23.-Bradstreet's to-mor-
row will say: THE widespread confidence
that there will be a marked revival in
general trade in the fall continues to
grow, and with it material evidence that
it is well founded. Chicago jobbers in
clothing, dry goods and shoes, and manu-
features there, and elsewhere of pianos,
organs, wagons and farm implements, re-
port 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, although trade
there is favorable.
Like reports are received from Pitts
burg, Notwithstanding dullness in iron and
steel; Savannah, in spite of this being the
busy season on plantations; Omaha, Mil
waukee, Duluth, 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 increased movement of
merchandise next fall
The demand for supplies for shipment
to the Klondike gold region has made
July the busiest instead of the dullest
month in the commercial year at Seat
tie, and has had an influence on sales OF
staples at Tacoma, Portland and San
Francisco.
1.-The worlds wheat crop outlook con-
tinues to favor the United States much
as it did eighteen years ago. The out
look Is that Russia alone, of all othe,
wheat exporters, will be able to compete
with the United States. The advance CT
more than 20 cents a bushel compared
with year ago, is in the face of a do
nestle wheat crop probably 1000 900 BUSH
els larger than last year, and the pros.
pect for a continued higher level for quo
tations, owing to increased demand from
importing countries, explains why the
American farmec is to secure his propor-
ton of the advance and the coming era
OF prosperity. That he is alive to the sit
uation is indicated by a tendency to hold
back wheat already harvested, notwith-
standing higher quotations.
1.-The weeks unfavorable features in
clude the continuance Of the strike of the
bitumlnous coal miners in the western
and southern states, which now begins TO
threaten the continued activity of indus
tries dependent upon that variety of fuel;
the practical stagnation of the Bessemer
pig iron and steel billet market. with
prices as low as ever known; the shutting
down of New England cotton mill ma
chinery to reduce output and get rid of
stocks on hand, and the unsatisfactory
condition of the wooden goods market,
owing 10 the relatively low prices Of pro-
ducts compared with quotations for raw
material
Exports OF wheat Cfiour included as
wheaD from both coasts OF the United
States and from Montreal this week
amount to i,97SS2S bushels, an increase of
about $4,000 bushels compared with last
week. for which shipments from the ports
OF New York and Baltimore are largely
responsible. The corresponding total in
the like week last year was 8.O7S,OOO BUSH
els.
Exports Of Indian corn amount to 22ss.-
3l9 bushels this week, contrasted with
AFsa
bushels ia the week a year ago
There are 20 business failures reported
throughout the United States this week
as compared with 27 last week, and go
last year. There were a business failures
reported from the Dominion Of Canada
this week, against IS last week and 81 In
the week year ago"
New York, July 23.-R. G. Dun & Co. In
their weekly review Of trade tomorrow.
will soy. The end OF the uncertainty re-
gardng duties on imports gives greater
confidence alike 20 those who have opposed
and those who have favored the change.
The great strength In stocks, particularly |
In those OF the granger list reflects AS |
surance OF heavy crops. The remarka- |
bic rise In wheat, Notwithstanding these |
assurances, Is based on buying for export |
and belief that the foreign demand win |
be large. To this must be added another
element OF confidence scarcely observed A |
week ago. The heavy Increase la re- |
ccipis Of gold, whether from one side OF |
the Alaska border or the other. swe1s de- |
posts ~ the minis and IN the banks IN