The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-21
NEST HOLDS THE KEY
To the Business Situation, in
Its Immense Crops.
WATCHING WAR CLOUDS
Is Very Foolish and UnproRt-
able PaStime.

New York, May 7c-R G. Dupn 4 Co.'S
Weekly Review OF Trade tomorrow will
say,
Growing accustomed to war possibilities
which are mostly far from probabilities
OF evil, and finding tho nation moving
along steadily in its industries. people
are grasping the idea that it is throwing
away some months OF active and profita-
BILE life to wait until the war clouds
greatly overbalanced timidity OF eastern
capital that actual business done in
creases: railroad earnings promise better
for May than a month ago for April. and
payments through clearing houses for
the week IN May show a gain of IS per
cent over last year and rs per cent over
1882, while a month ago the increase over
last year was $40 per cent and compar-
ed with 1892 there was decrease OF 10
per cent Several large contracts kept
back for some markets because OF hostil-
tiles. have been placed now, and instead
OF works closing or reducing force, re-
turns show the starting OF some works
long idle and increase OF force and of
hours at others. Government work oc-
cupies many establishments. but II
counts for little compared with other de-
mands.
The key OF the situation is the prosper
ity OF the west. with altogether unprece-
denied marketing Of breadstufs. caused
by the prospect OF good crops to come
The prospective and actual receipts Of
wheat amounting TO 5.s7s.716 bushels for
the week. against 9.43s, 1853 bushels last
year with advances also in other grains
and cattle. have produced a demand for
rails. cars. car materials, agricultural
implements, boots and shoes and all tex
tile goods which as not anticipated from
pre-existing indications. Exports OF
wheat do not diminish. but in three weeks
from Atlantic ports. -four included, have
been 7s55,5S6 bushels. against 477s.742
bushels last year, and northern Paciha
ports 1856, 1913 bushels. against 1857 bush
els last year. The price of May wheat
fell 4lzc on Saturday. rose &c on Tuesday
and closed size higher for the week.
=
output ever known. the demand has caus-
ed some advance in Bessemer pig. with
only a slight decline in the price OF grey
forge at Pittsburg, but full quotations
are obtained in Chicago and Philadelphia.
In bars and sheets the markets are dull
but at the west are strongly sustained
by demands for car building, tin plate
manufacture and other uses. In plates
and structural forms all the works are
fully employed and generally crowded for
months ahead. One contract for 5000 tons
armor plate for Great Britain has been
taken by works far inland. with another
smaller quantity showing the export de-
mand, in spite Of higher ocean freights.
is not yet arrested. Tin is sustained at
$3.50 by large consumption and lake cop
per at II cents in spite OF American
production amounting to 1909 tons for
the month. 10 per cent larger than last
year. with a slight decrease in the pro-
duction of foreign mines.
The textile works are doing rather bet1
ter. even than the cotton mills, in spite
their over-production. for some Of large
Importance have recently started again.
and print cloths are a sixteenth higher.
Numerous wooden mills have been push
ed to new activity by government orders
and prices for a few grades Of goods are
better with a stronger tone in the mar
ket generally. although some mills Of
Importance have stopped. as their orders
for the season have run out. While the
sales Of wool are small, e22s 60 pounds
. rr M
pounds last year. the manufacturers
have ample stocks. although some sre
Obliged by government orders 70 seek in
the market grades OF wool which they
had not expected TO require.
Failures for the eek have been 250 IN
the United States. against 2tS last year.
and ls in Canada, against rs last year.
BRADsTREETs
New York May 2o.-Bratstreet's tomor-
row viii say:
The excellent foreign demand az good
prices for most products Of American sE-
riculture constitutes. as for some time
past. the leading feature OF the country's
trade. Second only 70 this ard Of ne
cessity forming an important link in he
chain OF good trade. may be mentioned
the almost uniformly good crop situation.
furnishing the best evidence that foreign
demands TOW and IN the future will -
adequately met The immense balance q
trade already piled NJ in this country's
favor OF course constitutes an element u
strength which IN It's effect upon ne
money market can hardly ne exaegerat- (
ed Naturally dependent uDon the foreign
demand Is the ectiv,ty visible IN nearly eH
lines q transportation. showing that :his I
industry. IKE Others. ls sharing 20 he
fun IN the preparation % business having
II srise IN our heavy EXPORT rade. An r.
creased willingness 70 regard he existing
war as merely an iaci5eHi in this coun-
try's business seams evident IN Jhe trade
reports received thls week
The volume - bank cieariurz, reports
% railroad earnings. the movement q 5
prices and The reports resolved from me
iron ar5 steel trades AL seem - concur I
in indicating a maximum volume 70 hs1si- (
ness Tor the period ~ the year WIEN even /
greater bopefulness manifested than f1r
some tine past as continuance % fav- /
orahls conditions
There are. 81 ls trVse. some features irds- /
eating tha. the present trade conditions +
are not universally fzvora bic While ne F
reports as 20 the winter and spring wheat /
crop. both as regards acreage corditians I
and prospects seem 20 favor Euprece- I
5euted Yields adv.ces from ire corn crop i
are hardly as favorable. owing 20 cor !
tlnus3 vs; and cod weather. ten6inE 20 +
caeck Eerznlnatisn. There Seems H'fis T.
doubt. however. that tas acreage IN corn +
viii be very large tals year ard ~ is IN (