The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-16
EXPORTS PROVE THAT
This Country Has Nothing
Much the Matter With 1t.
JUST ABOUT TWO TO ONE
Is the Ratio of Sales to
Purchases.
JUST ABOUT TWO TO ONE


weekly review OF trade will say IN tonor-
rows issue:
The destruction Of the Spanish feet,
Europe's quick appreciation OF ere fact,
the wearying flags of truce al Santiago
and last the surrender, have all Influenced
some markets day by day. But American
exports have grown and traders see tina,
not many outside nau<ers greatly in
fuence the business which enables TIM
to markt sI2lo.2740l5 worth OF domstio
produces abroad il a year, against s615.-
0l2.s4 worth imported. The new loan
I has proved 3 stupendous succ ess, over 81,
800, 90 900 having been subscribed, and il
is now the question OF chief Interest
whether any bank viii get enough, after
personal subscriptions have been accepted
10 support further circulation. Indus
tries and business are az the naturally low
est point for the year. and therefore the
records are the more impressive.
The decrease in output OF pig iron from
,37S tons weekly. June l. to 216.5II July
l. mostly due 70 usual stoppages for re-
pairs q little before July !, carries with
il a decrease Of 4.216 tons weekly in IN
sold stock. If the first and last Of rhe
months repres sn-=d average production,
5he quantity consl med III manufacture
would be 3.s per cen-. less than the nigh
est ever alta. I n May a small de-
crease for midsummer. but in fact, the
average producuo7 w larger and de-
crease in consumption Nss smaller. Just
when stagnatou is customary, very many
mills are crowded with orders for mon tbs
tho Illinois rail mills are under orders
later with sales this week of 500 tons
and structural works with a few con
tracts for TO- coo tons or more, while larger
demand appears for cEs, and the demand
for bars at the east. Heavy sale OF bill
lets from Pittsburg 10 eastern Penusyl-
vania at a concession Of 30 cents is the
only real decline in quotations. though
eastern steel bars are shade lower.
Il IS still between seasons for wool, but
a few large purchases indicate some dis
position for business and the demand for
wooden goods is better. though prices for
some have been reduced and the compe-
tition as 10 trade seem to be excessive.
Sales Of wool were but 7.441 600 pounds.
5.521, 200 being domestic for two weeks OF
July. against 24.572, 500 pounds last year,
OF which 1855. 800 were domestic One
sale Of 10000 pounds territory at prices
lower than are being paid by Boston par
ties in Montana looks ike business in tne
future.
Cotton has been steady in spite Of good
crop prospects. owing to large foreign
buying. The mills in this country are
doing their share and the demand for
goods is growing better.
Wheat has been dropping in price under
estimates Of go 0oo. 900 TO 200 Oo0. 900 bushels
this year which seem TO be at least well
warranted. as over-conservative estima-
ties came from the same parties last year.
Western receipts ar moderate as yet, but
the Atlantic exports for the week were
1,71e.750 bushels, -four included, against
16l1.49O last year. and Pacific coast ex-
ports 81, 5l4 against 1S6, 763 last year. and
for two weeks the exports from both
coasts have been sos. 412 bushels, against
5.537, 909 last year. The foreign outlook
has much improved and the decline in
prices during the week was about cents
for spot and 81 cents for the nearest op-
ton. Corn exports are decreasing, as is
natural, PSI. 09S bushels in two weeks Of
July, against ASS. 315 last year. The price
is per cent. stronger.
Failures for the week ending July
were 1854, Ssh in amount, s9+6, Al manu-
featuring and $685., 763 trading.
Failures for the week have been 215 in
the United States, against 26S last year,
and in Canada %, against p last year.
BRADsTREET's
New York, July 15.-Bradstreet's tomor-
row viii says:
Pending the initiation OF new fail bust
ness, preparations for which are actively
under way in many markets there exists
a quiet midsummer condition, accom-
panied. however. in most cases by price
steadiness and confidence in a promising
outlook for fall trade. Retrospection and
review continue to furnish many salts
factory illustrations Of the favorable con
ditions existing during the first half OF
the present, year. some of which seem
bound 20 be duplicated during the second
half While there seems little reason 20
expect anything Ike the excited foreign
buying OF cereals this year which occur
red last season, the worlds wheat crops
all pointing % exceptionally large If not
ecord-breakinE yields. still 1.-The situation
OF carrie5-over supplies. visible and in
visible, Is such as 10 lead TO confidence
in a good general demand for most OF
this country's surplus, the outlook favor
ing a considerable shading OF prices OBJ
tanned from such products.
There IS a Lttle more hopeful feeling
in the iron and steel trade, the result
partly owing 20 the large business re-
ported offering. particularly at the wes,.
where some mills Vii forego their usual
summer shut-downs and Others VIII cur
tail the vacation period materially. More
5 doing in steel, and some western mills
are reported booke& WIKI orders until
next winter. Some large exporters are
reported from Chicago.
Except for some shading II cereals.
caused by the usual tendency 70 discount
government crop reports and look for
price situation Is one Of considerable
steadiness> Contradictory reports come
as 70 the volume OF export trade il whez,
and corn. bur a good business for this
time OF chS year IS undoubtedly doing.