The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-04
CROPS Is THE WORD
Expressing the Whole Bust
ness Situation at Once.
FIRST FULL WAR MONTH
Is Made the Basis of FIatter-
ing Conclusions.

well be expressed by the single word
crops" Certainly the very fat,ering OUT
look reported in nearly ell the grain grow
ing sections OF The country, and parti-
cularly as records the growing wheat, has
been OF a nature 20 dominate the entire
trade situation. From all of The surplus
wheat growing states there comes but one
report, THAI OF large acreage, extremely
good weather and crop prospects, condi-
tons already foreshadowing an unprece-
dented production OF the king Of cereals.
With the steady and favorable progress
making toward a large wheat yield has
! come the final elimination Of the May deal
ana considerable Quie,ing down OF spe-
! culatIYe fever and prices. The close Of the
/ week witnesses an immense shrinkage IN
the price paid for cash wheat, as com
/ pared with a short time ago. partly the re-
/ suit, Of course, of former higher prices.
! inducing freer movement of reserve
| wheat stocks into sight not only at home.
! but abroad. That the ultimate effect Of
the decline has been beneficial rather than
| otherwise, however, is evidenced by the
/ Increased inquiry OF exporters for wheat
and corn. and the total movement for the
week Is record breaking one for this
period OF the year. Accompanying the fall
| in wheat have been sympathetic decreases
in oats and -four but corn is steady and
even higher, partly because OF some COM
plant as TO the crop outlook but largely
owing to import demand
Reports as 10 distributiye demand are
encouraging this week, in spite OF the ad-
vanced state of the season. A hopeful
feature is the generally reported good
trade st retail, not only at the west but
also east, where wheat conditions have
heretofore checked the demand greatly.
The volume of orders already received for
fall delivery by wholesale is. however. of
such satisfactory proportions as to lead to
the impression that the fall demand. when
it actually materialzes, will be the best
seen for years.
Reports from other industries continue.
nthe whole. quite good. The movement
Of iron and steel is still of an immense
volume, and the demand of agricultural
implement makers. already referred 10
in these columns, has never been exceed
ed before.
The rather better tone reported in
some branches OF the cotton and wool
goods industries Of late remains unimpair-
ed, print cloths having advanced again,
while wool remains firm.
Wheat exports for the week reflect a
better export inquiry and larger shipments
aggregating 5.24s,OS6 bushels, against A.
30 600 bushels last week., $3.50 900 bushels
in this week a year ago. 3.20. 900 bushels in
1S5, % 900 bushels in 1895 and 2.7i2. 600 bu-
shells IN 1894.
Corn exports are the largest on record,
aggregatiug $3.50. 242 bushels, against s.
1874 900 bushels last week. 2.3ss.o0O bushels
in this week yeear ago. 1,623. 900 bushels
in 1895, LAG. 900 bushels in 1896 and s74 900
bushels in 1894 Business failures in the
United States this week show a sharp fall
ing off, numbering only IT'S. against 23l
last week, 1872 in 1897. 236 in 1896 and 1895.
and 207 in 1894.
DUN'S REVIEW.
New York, June ar. G. Dun & Cos
weekly review of trade will say towor-
row:
May having been the first full month
Of actual war the fact that failures IN that
month were smaller, even though but IL;
tie. :hen in the corresponding month last
year and nearly 10 per cent. smaller than
in May. 1895, is somewhat encouraging. the
more because a year ago Tne remarkable
decrease in May gave proof OF the heavy
Improvement in business which made the
year so gratifying in general results.
Large failures were light, manufacturing,
for s. So. 600 this May, against thirteen,
for s2ss. 90 last. year. and in trading FIVE,
o.
1891 Hesitation In extending usual CREDITS
soon after war began naturally affected
weak more than strong concerns, but Il
soon gave place TO steady and i1crea sIng
confidence.
Wheat dropped "a cents from highest
point after the May deal eliminated and
has since been weaker for July because q
accounts promising an enormous yfein-
Those who were nearest the truth lsst
year now predict about 20, ooo 90 bushels
for 1895. and all accounts make acreage
much larger and conditions much better
than a year ago. Bat with SIS stiI paid
for No ? red IN elevator. and foreign
demand taking 4 "a. As bushels. -four In
Guided. from Atlantic ports, 70 rthe week.
arairst2. 165. 81 last year. and 5s5 - from
Pacific ports. against 7fae9 last year. ire
decline evidently hastens the marketing
OF surplus. and gives the new crop oe--
re- chance. i is not less surprising that
western receipts f7r the week were 49,
go bushels. against 2.css. 70 last year a.
though The crop hsz been ~ some sup
posed almost exhsgsted and corn re-
ceipts were also T575. 81 bushels. against
s.ifssZ3 last year Exports ~ corn for fae
week. have been 4ss1szi bushels. agsi7s.
sgs SIS last yea-. ard for the FRS; time n
history. exports II each gram nave sbo1t
reavhs6 -, 91o 20 bushels in the same
year
or al he Ersa. Industries tho cotton
manufacture Only gives soHns sign r sh-sa
kaye. cotton having dropped = sixteenth
during tne week sf.er 4 Use IL E0rfs
averaging for ere month about pr cont
thus rendering the MARKETING q ac-a-
rrulatsd stocks somewhat more DIR
cul:- But prInt cloths have advanced aa1
fl most staple goods TIE demand Sc tn
rrerfng. weolen mills are encouraged ~
= somewhat lsrrsr dsnsn8 for goods. n
osrr fro- government orders. ard s-s
averaging scout per csrt- better prices
sor rooSs thaz -no1ts sra. There e n't
r.n~h dezau5 t1r wool wr.ra ls f-l
ssls r. ths man above re views ~ man
,issetu-s-s. and prices have declined -
average q crs-saIf fo- 80 -7uts.
TIRE t-ns az s,sel manufacture lead al
hers - Eziz ever previous years its -
sumption = ~ Beng apparently Enors
.hzu a million tozs - urGf5. - ~
90 fs-s each zsek. aEss-st - - tous 2e-
week q .fay. -. - i7crssHs - = -e-
en-, Works hevez5 .ae A,sezser - are
- $4,000 ------