Evening journal., 1897-06-26
A BRIGHT OUTLOOK.
improvement Continuing In Nearly An
Branches of Business.


Branches of Business.
New York. June 26.-Dun's Review
says:
There is no step backward in buai-
ness. although the season OF midsummer
quiet Is near. Improvement continues,
gradual and. prudently cautious as be-
gore, although in many branches evi-
dent where no signs of II appeared a
few weeks ago. Business men OF the
highest standing In all parts Of the
country having gradually perceived
that the tide has begun TO rise, are
regulating their contracts and invest
ments and their plans for the future
with a confidence quite unknown TO
them a short time ago. Great changes
before the adjournment Of congress are
hardly to be expected, but removal OF
uncertainty is with reason expected TO
bring into operation buying forces
which have been restricted for months
Meanwhile II is encouraging that crop
prospects stlll grow brighter, that the
industries meet a gradually Increasing
demand for products, that labor ques-
tlons which had a threatening aspect
have been adjusted. and that the treas
ury maintains its ample strength not
withstandlng some exports of gold
brought about by premiums paid on pe-
half Of foreign governments.
The stock market has not been the
barometer Of anything for some years
unless Wall street apprehension. But
its sustained advance appears to mean
something, because It Is now supported
for the first time In several years, by q
genuine public demand.
The main factor at this time Is the
steadily Frightening prospect for crops
Harvesting OF wheat has already be-
gun I'm some winter wheat states with
surprisingly good results IN the central
region and California. 80 that SOO'oVu
tons is now called the minimum from
/ the latter state and statistlcians OF re-
pute calculate on go 900, 600 bushels WIN
/ ter wheat beyond the government esu-
mate Spring wheat Is doing remark
ably well with a practically unknown
increase Of acreage.
Iron and steel products average
small fraction lower in published quo
tations, but only because private con-
cessions which are now refused were
by various authorities complacenuS
concealed two weeks ago.
There Is encouraging Increase In th'
demand for all textile goods, even fol
| cOttOns, which have 80 long peen hloN
and though II Is but moderate there u
nothing Of speculative character II
transactions. and prices are firmly held
A most encouraging feature is tn
large demand for commercial loans o
nine large banks one having Loaned
only on such paper. five others from D
to so per cent Of their loans and tn
rest at least half. Some report the bes
demand OF that character for man
years, much OF It from eastern textil
mills. Exchange Is strengthened 70
the time by interest payments NOR
concerns being able to pay than In re
cent years. The southern demand 70
small notes to move crops has now be
gun. Failures IN three weeks. endln
June II. showed liabilities Of $Tns.21
against IS, 65s 6i4 last year, $i6,509,022 !
1895. including the Cordage company
and s9,6sS.465 IN 1894. Manufacturin
were SO, 6g5,s6i against sSs4s.4s5 las
year and trading s8,567743, against So
p 732. 3s7 last year. Failures for the wee
I have been PIG in the United State
/ against 217 last year, and "a in Canadi
II against "a last year