The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-08


streets.
New York, June r. G. Dun &
Co.'S Weekly Review of Trade, which
issues tomorrow will say: The tide of
business is rising, even as it was fall
ing just two years ago with surprising
rapidity. The gain has gone SO far and
SO fast in some branches that the more
conservative fear it may not be main
tanned. But the period of dullness
which comes in each market after an
unusual rise brings as yet nothing
like corresponding decline. Indus
tries gain much, hault or fall back a
little and then gain once more. The
demand for consumption is steadily
increasing as the employment and
wages of the people increase. Demand
for money expands, one bank reporting
y per cent larger in the discounts for
the country and another % per cent
more commercial loans than a year
ago and all but two reporting some
gain.
The serious question remains wheth-
er the crop will be full enough to sus-
tain large business. But the worst
reports today are better by far than the
estimates recently current. Wheat
rose cents. fell back cents with
realizing, and has again risen cents.
with western estimate of a crop OF
SO.0O0,OO0 bushels smaller than last
year. 1t is pertinent TO remember that
official, and most unofficial. reports.
down to late period last fall put the
yield about SO, 0O0, 900 busels lower than
1t is now known to have been. West
ern receipts were 264, 900 bushels more
than last year and in five weeks have
been 1851 31 bushels against 6.9s1, $50
bushels last year, while Atlantic ex-
ports. flour included, $4,000 bushels
smaller for the week, have been in five
weeks 7,73S,72S bushels against IL ,9i5,-
AS bushels last year. There is neither
holding back by farmers nor anxious
haste in purchasing by foreigners. to
support belief in scarcity.
Cotton declined an eighth OF a cent
with better weather at the south but
excitement and prices rose again with
the report Of only 11.6 per cent decrease
in acreage. A much greater decrease
had been called certain, but the condi-
ton is reported less favorable last year
With tenth smaller yield per acre and
an acreage 11.6 per cent less than last
year, the yield would still exceed 7.7O0-
900 bales, which, with heavy stocks
carried over. would forbid the idea of
famine. But late crop is the more ex-
posed to injury. June began with g.
$3.50 bales already in sight and 81
$50 American remaining in COM
mercial stocks while European spin
ners Leld, May 1. over a million bales
according to Ellison.
Iron pushed upward like. the great
buildings into which so much of it goes.
and the advance in finished products
has become general OF structural
steel 1850 tons overturned out in May
by the Homestead works. breaking the
record, and prices rose to 1.3 cents for
beams and IL for angles. The Eastern
Bar association has raised the price Of
refined iron to IL cents and the Anal
gamated association demands Of Pitts
burg and Western makers a change OF
wages with IL cents as the base. Coke
producers are said to have substan-
TALLY agreed upon sales by an agency
and an advance in prices to $3.50 or
higher. Chicago workers are in full op-
Grafton, though the demand from agri-
cultural implement makers lags be-
cause the coming harvest is in doubt.
Tin is weaker with rise in the worlds
supply to 25.671 tons. about five months
consumption, but copper is stronger
at 10A cents for lake and lead higher at
3.3 cents.
Failures for the week have been 1875
for the United States against PIG last
year and rs in Canada against % last
year.
Prices Baking Powder by its purity,
and worth has gained a worldwide