Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-07-24
THE BUSINESS OUTLOOK REMARK
ABLY ENCOURAGING.
FALL TRADE ALREADY BEGUN.
UNITED STATES SEEMS TO BE "IN
IT, on THE WHEAT CROP.
Prospect Is for Unusually Good Prices
for Our Heavy Nield-GoId Re-
ceipts From KIondike May
Increase the General
Prosperity.

New York, July 2s.-Bradstreet's to-mor-
row will say:
''The widespread confidence that there
will he a marked revival in general trade
in the fall continues TO grow, and with IL
material evidence that it is well founded.
Chicago jobbers in clothing, dry goods and
shoes and manufacturers there and else
where of pianos. organs. wagons and farm
implements report that faIl business has
begun. which is much earlier than usual.
THE distribution OF general merchandise
from St. Louis is a little less active. al
though trade there Is favorable. Like re-
ports are received from Pittsbugg, nOtwith-
standing dullnCss in iron and steel; Sa-
vannah in spite Of this being the busy
season on plantations: Omaha, Milwaukee.
Duluth, Minneapolis and ST. Paul. where
merchants are feeling the influences of a
pTOSpectively large crop Of wheat. and from
Galveston and others points in Texas on the
favorable crop outlook and confidence in
an increased movement Of merchandise
next fall. Demand for supplies for ship
ment to the Klondike gold region has made
July the busiest instead of the duilest
month in the commercial year at Seattle
and has had an influence on sales of staples
at Tacoma, Portland and San Francisco.
''The worlds wheat crop outlook con-
tinues to favor the United States much as
ii did eighteen years ago. The outlook is
that Russia alone, of all other wheat eX-
porters. will be able to compete with the
United States. The advance of more than
20 cents a bushel compared with a year
ago, in the face OF a domestic wheat crop
probably 100OO0,0 600 bushels larger than last
year, and the prospect for continued higher
level for quotations. owing to increased de-
mand form importing countries explain why
the American farmer is to secure his pro-
portion OF the advance and the coming era
of prosperity. That he is alive to the situ-
alton is indicated by a tendency to hold
back wheat already harvested, notwith-
standing higher quotations.
'Unfavorable features include the con-
tinuance of the strike of bituminous coal
miners in the Western and Southern states,
which now begins TO threaten the con-
tinued activity of industries dependent upon
that variety of fuel, the practical stagna-
ton 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 unsat-
isfactory condition of the woolen goods
market, owing TO the relatively low prices
of products compared with quotations for
raw material
New York. July 23-R. G. Dun & Co.'S
Weekly Review Of Trade tomorrow will
say:
THE end of uncertainty regarding duties
on imports gives greater confidence alike
to those who have opposed and those who
have favored the change. The great
change in stocks, particularly those of the
granger list, reflects assurance of heavy
crops. The remarkable rise in wheat. not
that assurance, is based on
heavy buying for export. There must be
added another element OF confidence scarce
ly observed a week ago. The heavy in
cTeases in receipts of gold, whether from
one side of the Alaska border or the other.
swell deposits at the mints and in the
banks of this country. and If the yield
from new regions answers current eXpecta-
TONS il may have an influence akin to that
of gold discoveries in California
THE one retarding force. the strike OF
coal miners. has caused closing Of a few
works for want Of fuel. but
negotiations for settlement are still pushed
with hope