The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-27
BUSINESS IS LARGER
By a Fourth Than in '92, as
Bank CIearings Show.
FAILURES IN BUSINESS
Show a CORRESPONDENCE
Beautiful Lessening.

/ New York. Aug. 26.-R- G. Dun & Co.'S
Weekly Review OF Trade viii say.
The volume OF business reflected in ex~
changes az me principal clearings houses
is 2O.4 per cent larger than last year and
26.4 per cent larger than in 1882 hereto
fore the year of largest business and
highest prosperity ever known Part of
tins Increase was due 10 speculation at
New York, but there are most healthy in
creases over the best of previous years.
and though In some branches business is
not satisfactory in character, in nearly
all IL is in volume larger IMAM ever De
fore. No unfavorabie- change appears an
the prospect of crops upon which The
eFfare Of the country largely depends.
nor is there, present or threatening, imam
cial disturbances. Europe has not yet
wearied Of buying American securities, al
though some spectators have been sell
ing, slor is there shown any want OF con-
fidence among American investors Com
parsons as 10 foreign trade are apt 70
misIead because imports asst year were
extraordinarily small after the big rush
10 anticipate new duties. while exports
were beginning TO show the phenomenal
demand which made the year quite the
most remarkable in our history. Hence
the decrease OF 10 per cent from New
York in August thus far is not alarming,
but sales of products yet TO be followed
are large and have stopped any advance
in the current rates of foreign exchange.
Nor is it at all disheartening that IN
ports at New York for the month thus
far exceed last years 10y nearly $500,
90. since last year they fell below those
Of 14yO by more than 81, QUO, 900.
Wheat goes down cents for the tweek,
as if there were no foreign demand COM
ing, the obvious cOncert Of farmers to
keep back wheat the crop being certainly
very large, tending to encourage d con-
spiracy of traders against them, which
thus far has entire control Of the market.
Atlantic exports for the week have been
2,1jl $50 bushels, against 1855, S69 last year,
and for four weeks of August Is 107, 079
bushels, against IS, 3S7, 63S last year. while
Pacific exports were 254, 239 bushels for the
week against 77O.Sl9 last year, have been
for the month 1868, 794, against !. 4O5.S 33 last
year.
1t is wise to remember that the foreign
OStileDl4O Oll dCNOuilA VI 4tSL cal SI4Ol
is still tapping over. while reports show
that foreign crops are about an average.
The output of iron and steel no longer
measures the demand, and the stipulated
stoppageS of furnaces in the Shenango
and Mahoning valleys has raised the price
of BesSemer pig at PittSburg TO 5000 and
OF Grey Forge to 1924. without any GER
tainty whatever that such prices can be
maintained when the valley furnaces re-
sumo operations, as some of them are
now doing. The natural result is that the
Pittsburg region is so much the less able
to compete with the great Illinois COM
bine just formed, which is getting all the
business it can do and promises to turn
out iron at less cost than any other works
in the country. At all points bars promise
a larger output than ever before, and
structural forms and plates are in heavy
demand while the tin-plate producers
have found themselves obliged to advance
prices about 10 cents per box, and ahe
sales are said to be very heavy.
Shipments of boots and shoes have been
larger than in any previous year, amount
ing to 49,, 293 cases in four weeks OF Aug
ust this year against 343.2 last year and
356376 in 1885, much the largest for this
month heretofore, and 323S94 in 1892.
While leather is quite stiff, notwithstand-
ing extremely light purchases by manu-
facturers. hides yield a little a Chicago.
The reduction in manufacture by the print
cloth works, expected to reach 100000
spindles shortly, does not disturb the mar
ket for staple and bleached goods, which
Is unchanged.
Failures for the week have been 179 in
the United States. against 223 last year,
and % In Canada, against "a last year.
FIGURES FROM BRADSTREETS
New York. Aug. 26.-According to Brad
streets Trade Review, TO issue tomorrow
business failures in the United States this
week number 172, against 195 last week,
and compared with III in this week year
ago, $40 in 1896. 100 in 1895 and 1892 in 1894
The feature of demand at western mar
kets this week has been the inquiry from
jobers of dry goods, clothing and boots
and shoes. special activity being noted at
Chicago, ST Louis, St Paul, Louisville and
Omaha.
Wheat shipments for the week. ir.clud-
ing -four, aggregate 1853, AS bushes, as
against 2sSS. S4S last week, $3.50 in the
Isl. 9,2S in 1895 and 3. 40 900 in 1884
Since July /, this year. the exports OF
wheat aggregate >, -06.09 bushels, against
26.5S1. 995 during the same period last year.
Corn exports for the week aggregate
2.64S 933 bushels. against 3.l95Q2l last week,
26S3. $50 in this week OF last year 2sl9,-
80 bushels in d2eamsainhrdlucTnfyw
500 in 1896. l,l2i536 in 1885 and 1860 in
1s94 Since July l. this year exports OF
corn aggregate PSI. 501 bushels. against
2-.36S.345 last year.
Hot weather has checked distribution IN
Canada this week. but oMntreaI reports an
improved distribution N groceries and
cheese. exports heavy. and prices moving
upward. while Toronton looks for q large
trade the COM ng week as a result Of the
exposition a. that city.
Business failures 81 the Dominion this
week number .. against . last week. -
in this week a year ago. g n 1881 and -
in 1885.
BRADSTR EET- SFINANCIAL REVIEW.
New York. Aug. es.-Bradstreet's Finan-
c!al Review tozaorrow VIII says:
ReacConary tendencies marked the early
par tot the week. the market also showing
a decrease OF activity and falling OF
Of the recent puohc interest Il Speculation
4 frnsr tone ard renewal % che s1-
vancing tendency has. however appeared
n TIE last two days There 1o2s been no
positive news q ST unfsvor-ao.e character,
apart from runners thai warm YEA her
vas 2jD-ing the cora crop a the Esst
ard hardening ot ne money market.
which latter Circumstance Is partially Of
set by The easier tendency n rates q *
change. The depression may accorcf-E3y