The times. [volume] (Richmond, Va.) 1890-1903, 1898-08-06
BUSINESS FEELS
THE STIMULUS
Of Approaching Peace and the In
provement is Not Sentimental.
MANY ENCOURAGING FEATURtS'
Prices Generally Are Tending Upward
With Increased Demand for All
Products-Grain Exports Con-
tinue Unprccedcntedly Large.

NEW YORK. Aug. 5.-Bradstreets to-
morrow will say:
The stimulating influences OF the ap-
parently near approach Of peace coupled
with the generally expected benehcial
effects it IS hoped will flow from the
opening up Of new markets in the lands
added to the national domain, seem 10
increase as the summer wanes. That the
Improvement. while as yet admittedly one
largely Of sentiment. is not entirely so
confined. however, Is proven by tepois -
Of a still further increased Distribution
OF staple goods in the west norlh"esI
and southwest. where the excellent crop
situation has rendered harmless the sup
posed benumbng effects Of war.
THE CROP SITUATION.
ca far as the crop situation is con-
cerned. the past week furnishes not the
least notable contribution Of the year in
reports coming from the great surplus
corn producing states OF benehclal rams
checking "a deterioration which threatened
material damage to this most wldeIy
growing and intrinsically valuable OF the
cOuntry's cereals.
Another encouraging feature OF the
week has been the perceptible growth III
strength OF the iron and steel situation.
F-irmness IN prices IL feature Of par
,icular interest I'm view Of enormous pro-
duction OF pig iron early I'm the year, and
apparently reflects the going into con-
SUMPTION of most OF this immense pro-
duction. leaving stocks generally within
comfortable limits.
LARGE EXPORT DEMAND.
Encouraging export demand TOT on,
cereals. great steadiness In prices, larsess
recorded midsummer bank clearngs and
fairly encouraging railroad earnings, NOT
withstanding the unwilllngness of farm
ere 10 accent present cereal values are
additional encouraging features OF trade
at the present time.
Prices are generally firmer. tending. up
ward I'm spite OF the midsummer quiet
ness I'm many lines Of trade. AS result
~ operations in July. 81. or about one
third Of all staples advanced I'm value
97 declined. while "A remained steady or
unchanged. Advances In many cereals,
evcept wheat and -four, live beeves ana
hogs. a number OF provisions dairy pro
duets and groceries. most raw teXtlles'
except cotton, petroleum, rubber alcohol'
oplum and qunlne are features OF the
months operations.
Important decreases aside from that IN
wheat. are found I'm some few makes or
iron and steel some other metals and IN
building lumber. Compared with August
one wear ago. &C out of lO4 stapels are
higher % are lower, and are un-
changed. so that 10 may be said thar.
compared with a year ago. there nave
been more than two advances for every
decline reported.
WHEAT SHIPMENTS.
Wheat shipments for the week rour
Included as wheat aggregated 4nl5l-
bushels as against 22lS'2 last week
and compared with 3.30S4l7 in this week
"a year ago. 2.7i7.S5O I'm the correspond
ine week OF 1896. 1.550JG2 I'm 1880 ana D.
1920 In l>9I
Since July 1st. this year. the exports
Of wheat aggregate 14326,l22 bushels
against n .G55 O24 bushels last year.
Corn exports for the week aggregate
2S56.g23 bushels. as against 2,6els2 BUSH
els last week. 3223 SIS bushels In 1872, J.
PSI. 4S3 I'm 1896. 1.006,77O in 1895. and z-5lV
I'm 1894. Since July 1st, this year exports
OF corn aggregate 13,jl4,32 bushels
against Il. 46l. POS last year.
Bushes failures i'm the United states
are an a minimum, numbering l@-iden-
teal I'm number with those Of last week
but compared with PA in this week a
wear ago. 269 I'm 1896 209 I'm 1925 and l9l IN
1885, Canadian failures number . as
against "a last week and Al In this week
a year ago. 80 in 1896, 81 in 1898. and 40 IN
1894.