The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-21
THIS WEEK Is BEST
0UN'S CALLS IT THE BEST FOR
FIVE YEARS PAST.

Ripple in the still Swelling Wave OF
| Prosperity-AIl Lines OF Trade Join the
| Grand Volume OF Business-Signifcan,
Mention OF "Car Axles"-what the Bank
| CIearings Mean--Bradstreet's Rejoices
In the Farmers Prosperlty-Week's
Trade Statistics.
New Yor, Aug. OR. G. Dun & Co.,
in their weekly review of trade, will say:
Not for five years have the Geographic
| reports Of the various cities in all parts
| Of the country been so encouraging or
| shown as uniform improvement as this
| week. The markets are called crazy by
| some, but fairly represent the people,
! whose confidence in the future is strong
and increasing. Nothing appears TO
| check il. Rumors Of injury 70 crops are
| not sufficiently supported to have much
influence. The one temporary hinder
ance is the strike Of bituminous coal
industries, and seems likely TO terminate
within week. The demand for money
improves, taking from New York to the
interior ahou, half a million more than
was received during the week, and offer
ings OF commercial loans are much larg-
er. including considerable iron and Steel
paper, and the course of foreign ex-
change is generally interpreted as an in
dication that specie imports cannot be
delayed long.
The greatest gain has been for agri-
culture, and corn advanced a little in
price, but is moveing very slowly, so
that the last years surplus may soon be
marketed, uness the new crop turns out
better than many -nowexpect. Cotton
declined an eighth because Of an estimate
promising the largest crop ever grown,
but the dry goods market is decidedly
improving, and some OF the larger mills,
after a few weeks Of suspension, have
resumed work. Other farm products are
doing well also, but wheat has advanced
about II 3-Sc for the week on actual
transactions, with heavy purchases for
export The official estimate of yield is
entirely disregarded, except as an ad-
mission that the crop will be larger than
last year, and it is commonly assumed
that the yie.d viii be $50, 900, 900 bushels
or more, though recent reports OF injury,
indicating the possibility of comewhat
smaller outcome, have helped the advance
in prices.
Western receipts for the week were
3, S44, 54 bushels, against 3.974.7 rs bushels
last year, and for three weeks. II $40. 267
bushels, against 10,697,1 1877 bushels last
year, while Atlantic exports are about
double last years, 3,1O5,2S bushels, |
against 1,S08,347 bushels las. year, and |
for three weeks. s,Sl9,31 bushels, agains. |
3, 102 ,e61 bushes last year. -four included |
for both years. 1t is well to notice that |
corn exports continue more than double |
last years also. in three weeks s,516,544 |
bushels. against 4,119,241 bushels las. |
year.
The iron and steel industry is pushing |
forward in spite of the still unsettled
strike Of bituminouS coal miners, and the
enormous purchases of ore at Cleveland.
and also of billets at Pittsburg, show the
Utmost confidence in the future. Many
additional establishments have begun
work during the past week, and while no
change in price has occurred,
he reports indicate fewer concessions to
secure business and much steadier
one. The demand for finished products
las decidedly improved, especially in
plates. sheets and bars. and in railway
supplies particularly in car aXles. The
'ales OF ore at Cleveland have amounted
n two weeks 10 four or five hundred
thousand tons, and of billet sales report
a az Pittsburg have been in three weeks
bout three hundred thousand tons. Tin
s firmer, with full consumption, and
here is larger business in copper, several
Million pounds having been taken for ex-
'ort, raising the price Of lake 10 IL IA
ents.
The old difficulty remains in the boot
nd shoe industry. dealers being unwill-
ng TO buy largely at the prices which
now ask. though during
ne past week the only changehas been a
light advance on calf boots. The mar
ct for hides at Chicago is again much
tronger, prices having advanced with
cry narrow transactions. and buyers are
olding off in the belief that prices have
cached the top.
In the woo.en business, a constant in
resse appears in the number of es.ab-
shments az work, and the demand for ]
Gods has much increased.
Failures for the week have been 223 in
lie United tates. against $50 last year, {
nd so in Canada. against % last year. c