The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-24
CONFIDENCE GROWING.
sIOyDrRE GOLD FEVER sTIMU-
1.rEs TRADE on PAoIFIo ooAsI
The Great Wheat Crop Likely to be Sold mt
sull Further Advanced Prices and
Farmers Holding FOR tho Rise.

NEW YORK, July S-Bradstreets 10
nsorrow will say:
The widespread confidence that there
would be marked revival In genera
trade in the fall continues 20 grow ana
with it material evidence that II Is wei
founded.
Chicago iobbers In clothing, dry goods
and shoes and mapufactures there ana
elsewhere OF pianos. organs, wagons, ana
farm implements, report that fsh busi-
ness has begun, which Is much earlier than
usual The distribution OF general mer-
chandise from 81. Louis $ a Letie less
active, although trade Is favorable. Ike
reports are received from Di,-sOufg, not
withstanding dullness in ron ana stell;
Savannah, in spite Of this bang the Dusl-
ness season on plantations; Omaha, NIL
waukee, Duluth, Minneapolis, and ST.
Paul where merchants arc feeling the
influence OF a prospectively large crop Oh
wheat. and nom Galveston and other
points in Texas on the favoraDie cioP
outlook and confidence in an hcte@91u
movement OF merchandise next iaA-
THE GOLD FEVER.
Demand FOR supplies for shipment to
Klondike gold region has made July the
busiest. instead OF the dullest month, III
the commercial year at Seattle, ana hos
had an influence on sales OF staples d.
Tacoma. Portland and san Francisco
The worlds wheat crop OUTLOOK con-
tinues to favor the United states much
as it did eighteen years ago. Inc Oue-
look is that Russia. alone OF all other
wheat exporters, Will be able 10 CoHp099
with the United States. .
The advance Of more than y cents q
bushel. compared with a year ago. - ~
the face OF a domestic wheat crop ploD-
ably 100000 bushels larger than last
year And the prospect for a cohuh ueu
higher level for quotations, owing 10 IN
creased demand for importing countries
explain why the American farmer Is 10
secure his proportion Of the advance, ana
the coming era Of prosperity mat ne ID
alive TO the situation is indi,ased by
tendency 10 hold back wheat already mar
vested notwithstanding higher quota
tons. .,-r,r,e,
THIN rJNFAVORABLE FEATURES.
Unfavorable features include the con-
tinuance Of the strike Of bitiminous ooal
miners IN the Western ana Southeil
States. which now begins 70 threalehel
the continued activity Of industries DC
pendent upon that variety OF Iuel lne
practical stagnatlon 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 condluon OF
tho wool goods market owing 20 the rela-
lively low prices Of products compared
with quotations for raw material
Exports Of wheat 0aour included as
wheaD from both coasts OF the united
states and from Montreal this week
amount TO 1,97s.S2s bushels, an increase
Of about 10000 bushels compared with
last week, for which ships from the ports
Of New York and Baltimore are largely
responsible.
The corresponding total in the like week
last year was 100000 bushels, IN tho week
two years ago. l255000 bushels, three
years ago 3,4S800O bushels and in the cor
responding period I'm 1893 It was 4.363.0Ol
bushels. Exports OF Indian corn amount
10 2,29S .37e bushels this week contrasted
with 2.723O00 bushels last week. l,2ss 00o
bushels IN the week q year ago. 10000
bushels two years ago, 25600 bushels
three years ago. and as compared with
l.5s7,000 bushels I'm the Ike week Of 1893
BUSINESS FAILURES.
There are 22) business failures reported
throughout the United States this week
as compared with 2il last Wee X. $50 IN the
week a year ago. 239 IN the week two
years ago. 237 three years ago. and 4ss
in tho corresponding period I'm 1899.
There We're Il business failures reported
from the Dominion OF Canada this week
against IS last week. 81 IN the week a
year ago and % two years ago.