Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1897-07-29

The Busiress Outlook.
A dispatch from New York, review
ing the business conditions of last
week, is full of encouragement, mainly
the result of the fine crop reports.
The railroads, it says, already report
ing increased earnings, are expecting
new prosperity as result of the rich
harvests, and there is talk of in
creased DIVIDENDS. The stock market
continues to discount with greater
vigor than has been witnessed in
long while the Improved business con-
ditions. 1t is true that speculation is
more active than general trade and that
the conditions Of business are better
than the actual volume of business
but there ia an unquestionable i'm.
provement in trade. SLOW now, but
gradually quickeDing it's pace.
BradHtreet's notes that the wide
spread confidence that there will be
marked revival in general trade in the
fall continues to grow, and with it
material evidence that it is we'll
founded. Chicago iobbers in clothing,
dry goods and shoes, and manufac-
turers, there and elsewhere, of pianos,
organs, wagons and farm implements,
report that fall business has begun,
which is much earlier than usual. The
distribution of general merchandise
from st. Louis is a little less active.
although trade there is favorable.
Like reports are received from Pitts
burg, Notwithstanding dulness in iron
and steel; Savannah. in spite of this
being the busy season on plantations
Omaha, Milwaukee, Duluth, Min
neapolis and st. Paul, where mer.
chants are feeling the influence OF a
prospectively large crop of wheat, and
from Galveston and other points in
Texas on the favorable crop outlook
and confidence in an increased move
ment of merchandise next fall. De,
mand for supplies for shipment to the
Klondyke gold region has made July
the busiest instead of the dulles
month in the commercial year Al
Seattle, and has had an influence OF
sales of staples at Tacoma, Portland
and San Francisco.
The worlds wheat crop outlook con.
tinues to favor the United States muct
as it did eighteen years ago. This out
look ia that Russia, alone of all othe
wheat exporters, will be able to com
pete with the United States. Tho ad
! vance of more than 20 cents bushel
compared with year ago, in the fac
of domestic wheat crop probabl
100, 900, 900 bushels larger than las
year. and the prospect for a continuel
) higher level for quotations, owing +
, increased demand from inlportiu
: countries, explain why the America
, farmer is to secure this proportion Z
!, the advance and the coming sra
prosperity. That he is alive to th
n situation is indicated by tendency /
4 hold back wheat already harvested
n notwithstanding higher quotations
; Bank cloarings throughout the Unite
= States continue to indicate cou
! paratively large volume of transactions
!, the total amounting to S1,09s, 900, 0(
this week-6.4 per cent more than la,
/. week and 10 per cent more than in til
third week of July, 1896. When con
!, pared with tho corresponding week
n 1895, in the midst of the modera
n boom which characterized the SUNNI,
i months that year, this weeks aggr
= gats shows an increase Of Is per cen
and when contrasted with the lii
:, week in 1894, when general trade vi
Il greatly depressed. the weeks gain
IL ~ per cent. A like comparison vii
n 1893, during the panic, shows a ga
\. of II per cent this week. and, cor
\ pared with 1882, OF more than p
/, cent. Price movements show no radio
IL changes aside from those in cereal
/, wheat having advanced about 6 cont
~ pulling flour up after it aud lndi
- corn as we'll. Higher quotations a
10 also reported for lard, refined aug
a. and coffee. while silver, petroleum
cotton and oats show decreases. The
n arc practically no changes in quntatio
ID for iron, steel, pork, sugar and pri
- cloths.