The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-07-06
WITH AUsPICI0USNESS
The Second Half of the Year Opens Well
Commercially.

NEW YORK. July 5.-R. G. Dun & Cos
Weekly Review of Trade says: With the
beginning of new fiscal year we have
heavy disbursements and easier money,
better crop prospects, and a continuance of
larger trade for the season than has been
seen in any previous year. At the same
time it Is TO be admitted that there seems
10 be within the past week or two little
more than the ordinary hesitation or
Stacking of trade at the arrival of mid
summer and confidence in the future as
affected by legislation Is rather less strong
than it was a fortnight ago. None
tary apprehension, excited by exports
of gold has been allayed by the heavy
disbursements in dividends and interest.
said to be the largest ever made at this
season and exclusive of government pay
mentS estimated at S14,OOO.OO0 against SOL
100000 last wear. Foreign adviceS and rates
nf exchange do not AZ present Indicate dan
ger of any serious drain from abroad and
The interior money markets are all hrmIy
supplied at usual rates.
The volume of trade shown by the clear
ing house returns at all cities outside of
New York is a I per cent larger than last
wear for the month of June and l3 per cent
larger for the half year. The last week or
TWO have witnessed 4 smaller Increase, the
extreme hot weat her having depressed trade
ut many western points, while at the east
the hesitation on account OF pending leg
iSlation Is now noticeable Failures have
been fewer on the whole and liabilities of
firms failing slightly smaller than IN the
first half of last wear, but in some lmpor-
tant branches of trade the situation Is
plainly rather less healthy than 1t seemed
sN months or a year ago.
Railroad earnings thus far reported for
June show gain of about 10 per cent over
last YEAR but these also show less gain for
the latter than for the first half OF the
This may he Ilp IN part 10 Iurt her
cutting of rates, attempts to ADJUST
eastbound freight wars having thus tar
failed and the strife between Canadian
lines and those nearest the border having
grown more bitter.
Nothing has occurred TO make the pros
poets regarding legislation more definite
The mileage OF railroads built this wear l.
estimated at 800 against l.4So for the first
half of last year. and a total of 6,oO miles
for the year Is expected, but this does not
so far toward providing use for the greatly
increased supply of pig iron.
Wheat has u cent higher rate, the
visible supply having rapidly diminished.
but those who claim that much
less than &c. 0O0 bushels of sur
plus has been brought over TO the
new crop and are compelled 10 dispute the
correctness Of the official and only in
formation Of last years yield Corn has
been a shade stronger. but oats unchanged.
Pork products are steady ana raw sugar a
shade lower, reported stocks IN all cOun-
tries being .02O, OUJ tons, against Coz ,UOO Il
wear ago In general the speculative mar
lets have been rather inactive and the
level of prices for all commodities July l,
though Il shade lower than week ago, or
January l, i fully per cent higher than
at the same date last year The future of
speculation and OF the money market now
depends largely upon the measure oI &C