The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-06

NEW YORK, Aug. 5.-Bradstreets
tomorrow will say:
'"The stimulating influence Of the ap-
rarently near approach of peace, COUP
led with the generally expected be:!e-
fetal effects it Is hoped will flow from
the opening up of new markets in lands
added TO the national domain, seems to
increase as the summer wanes. That
the Improvement, while as yet admit
tedly one largely Of sentiment, Is not
entirely so confined, however, is prov
ed by reports Of still further increas-
ed distribution of staple goods in the
West, Northwest and Southwest, where
the excellent crop situation has rem
dered harmless the effects Of war.
so Tar as the crop situation is con-
cerDed the past week furnishes not the
least remarkable notable contribution
or the year In reports coming from the
great surplus corn producing states, of
beneficial rains checking a decoration
which threatened material damage to
this most jdely-grown and intrinsical-
~ valuable of the country's cereals.
Wh1le the tendency generally is to con-
cede some diminution in the corn yield
as result of the recent drought, the
steadiness Of the price of that cereal
bears witness to the willingness of the
trade to believe that some falling off
In this years yield can be safely per-
mltted, in view Of the bumper crops of
recent years.
Another encouraging feature of the
week has been the perceptible growth
In strength of the iron and steel situa-
ton, partly as the result, it is claimed,
Of the hoped for approaching close OF
h0stilities, but partly also as the result
~ i
foreign account for nearly all forms Of
these metals. Particularly notable Is
the demand, more especially in the
central West for iron for agricultural
implement manufacturers and for steel
rails and plates for export or for
domestic ship building. Firmness in
prices is feature of particular inter-
est in view of the enormous production
Of pig iron early in the year, and ap-
parently reflects the going into con-
sumption of most of this immense pro-
ductlon, leaving stocks generally with
in comfortable limits
Encouraging export demand for our
cereals, great steadiness Of prices, larg-
est record Of midsummer bank clear
ances and fairly encouraging railway
earnings, Notwithstanding the willing
ness of farmers to accept present cereal
values are additional encouraging fea-
Prices are quite generally firm or
tending upward in spite Of midsummer
quietness in many lines of trade. AS
result Of operations in July thirty
two, or about one-third Of all staples
advanced in value. twenty-seven de-
clined, while forty-four remained
steady or unchanged. Advances in
many cereals, except wheat and flour,
live beeves and hogs, a number of pro-
visions, dairy products and groceries,
most raw textiles, except cotton, pc
trOleum, rubber, alcohol, opium and
quinine. are features of the months
operations. Important decreases,
aside from that in wheat, are found
in some few makes Of iron and steel,
some other metals and in building lum-
Der. Compared with August one year
higher, twenty nine are lower and nine
are unchanged, so that compared with
a year ago there have been more than
two advances for every decline report
ed.
Wheat shipments for the week (hour
included as wheaO aggregate Alb, 1872
bushels as against 2,271, $40 bushels last
week, and compared with 3,3O8, ATT bush
els in this week a year ago, 2,747, $50
bushels in the corresponding week Of
1896, 1850, 562 bushels in 1895 and 3,547,-
zoo bushels in 1894. Since July / this
year, the exports of wheat aggregate
Il, 1926, 122 bushels against Il, $500, O74 BUSH
els last year.
Corn exports for the week aggregate
2,S56,92S bushels. as against 2,6O1, S21
bushels last week, 1928, 1856 bushels in
1897; 1,157,4S3 bushels in 1896; 1,1O6, ITO
bushels in 1895, and 226,10O bushels in
1894. Since July 1, this year, exports
of corn aggregate 13,514,392 bushels, as
against 2,461 ,206 bushels last year.
Business failures in the United
States are at minimum, numbering
189, identical in number with those of
last week, but compared with PA this
week a year ago, 269 in 1896, 2O9 in 1895.
and 1877 in 1894. Canadian failures num-
Der %, as against "a last week; Al in
this week a year ago, 35 in 1896, 81 in
1895, and 40 in 1894"