The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-26


Gradual, Though Mono tho Less Con-
tisaous, says Dsn's-New Branchss
Failing Into Line-Basiness Men Of the
Highest Standing Perceive the Rising
Tide aud Govern Themselves Accord
ineiy-But Bradstreet's Definitely
Takes tho Other Side.
New York, June 25.-R. G. Dun &
Co.'S weekly review Of trade tomorrow
will say:
There is no step backward in bust
ness, although the season OF midsummer
quie. is here. Improvement continues,
gradual and prudently cautious. as be-
fore, although in many branches EVIL
dent where no signs appeared few
weeks ago. Business men OF the highest
standing In all parts Of the country, hav-
ing gradually perceived that the tide
has begun 10 rise. are regulating their
contracts and investments and their
plans for the future with commence
quite unknown 10 them short time ago.
Great changes before the adjournment
of congress are hardly TO be expected,
but removal of uncertainty is with rea-
son expected to bring into operation buy
ing forces which have been restricted
for months.
The main factor at this time Is the
steadily Frightening prospect FOR crops.
Harvesting Of wheat has already be-
gun in some winter wheat states. with
surprisingly good results in the central
region of California, 80 that 100000 tons
is now called the minimum from the lat
ter state, and statisticians Of repute cal
culate on sc, 000, 900 bushels winter wheat
beyond the government estimate. Spring
wheat is doing remarkably we'll, with
practically unknown increase of acre
age The price has advanced / 1-2 cents
during tine week, with decrease Of l.
200, 900 bushels in western receipts, and
Atlantic exports of 1,445,047 bushels,
flour included, against Lis, 061 bushels
last year. but II is just the season when
figures have no value except as proving
how erroneous were estimates OF the
crop Of 1896.
Cotton was lifted an eighth without
because everything points TO larger
crop than has been commonly expected.
Iron and steel products average
small fraction lower in published quota
tons, but only because private conces-
sions, which are now refused, were 10y
various authorities co.nplacently con-
ceaied Two weeks ago. Pig iron is firm
er, with a better demand at the east and
at Chicago, but the Impotence Of Valley
furnaces to resume work keeps Besse-
mer and Grey Forge at last weeks quo
tations at Pittsburg. The best Of the
news Is material increase in orders for
plates, in part Tor ship building. IN bars
for agricultural implement works. in
structural shapes for buildings and
bridges, and In galvanized sheets. One
heavy contract for 300 miles Of thirty
inch and 100 miles Of ten-inch pipe,
sought by the Australian government
for gold regions. excites many hopes in
the trade. The great ore-producing COM
panies are cutting prices. Mesaba Besse-
mer, Fayal TO $40, apparently In order
to score the biggest possible business OF
the year as q basis for future conbina-
ton. TIN has slowly advanced to II
cents, In spite of heavy arrivals; 1000
tons lead have been sold, moderate guam
titles now bringing AZ H. and purchases
advanced lake copper to ! 1-8 cents.
There is encouraging increase in the
demand for all textile goods, even for
cottons, which have so long been slow.
and though it is but moderate there Is
nothing of a speculative character in
the transactions, and prices are firmly
held. Recorders for woolens have been
rather better than were expected from
clothiers and fairly good for dress
goods Operations in spring goods are
still deferred. While mills are some
what better employed and are buying
% some extent. most OF the purchases
of wool are for speculation, nearly three
quarters being at Boston alone, and the
aggregate was s,733, 500 pounds at the
three chief markets. 5.slo.3oo on foreign
wool. Domestic wool il still held at
rela tive high prices at the west.
Failures for the week have been 216
In the United States, against 81 last
year, end "a in Canada. against "A last
year.
BRADSTREETS REVIEW.
New York, June 25-Bradstreet's to- |
will say:
The persistent Misrepresentation OF |
the actual state OF trade throughout the |
country during the past month. In an |
apparent endeavor to make the prospec- |
tive Improvement in business appear TO I
he its present condition. demand an ex-
animation as TO the facts. and Brad
streets presents condensed results OF in
.erviexs with representative manufact-l
urers and merchants al more than fifty
important commercial and industrial /
centers east of the Rocky mountains.
The demand. except In few lines, is
ess pronounced than I; was two months
ago. There is no material increase in
The volume distributed. compared with a
year ago. and prices for many staples
ire lower. But there has been an I'M
,rovement compared with the situation
prior 10 the presidential election OF 1896.
md as contras,ed with last January.
Many Of the larger merchants snd man
he he 4