The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-06-04
GREAT CROPS.
Outlook for Big Yields Dominates the
Business Situation.

New York, June 4.-Bradstreet's says
today: The general business might be
Wei expressed by the single word
crops" Certainly the very f1attering
outlook reported jim nearly all the grain
growing sections of the country and
particularly as regards the growing
wheat, has been of nature to domf-
nate the entire trade situation. From
all of the surplus wheat growing states
there comes but one report, that of
large acreage, extremely good weather
and crop conditions already fOreShad-
owing an unprecedented 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 wheat deal and
a considerable quieting- down of specu-
lat1Ve fever and prices. The close of the
week witnesses an immense shrinkage
in the price paid for cash wheat as
compared with a short time ago, partly
the result, of course, of former higher
prices, inducing a 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 other
wise, however, is evidenced by the in
creased inquiry of exporters for wheat
and corn and the total movement for
the week is a record breaking one for
this period of the year. Accompanying
the wheat, have been sympathetic de-
creases in oats and flour, but corn is
steady and even higher partly because
of some complaint as to the crop out
look but largely owing to improved eX-
port demand. Reports as to distrib-
uttVe trade are encouraging this week
in spite of the advanced stage of the
season. A hopeful feature is the gen
orally reported good trade at retail, not
only at the west, but also east, where
unfaVorable weather conditions have
heretofore checked the demand greatly.
The volume of orders already received
for fall delivery by wholesalers is, how
ever, of such satisfactory proportions
as to lead to the impression that the
fall demand will be the best seen for
years.
Reports from other industries con-
tinue, on the whole, quite good. The
movement of iron and steel is still of an
immense volume, and the demand of
agricultural implement makers has
never been exceeded.
The rather better tone reported in
some branches of the cotton and wool
goods industries of late remains unim-
paired, print cloths having advanced
again, while wool remains firm.
Wheat exports for the week reflects a
better export inquiry and larger ship
ments, aggregating 5,248,0S6 bushels,
against 4,309,0 900 bushels last week, g.
$40, 600 bushels in this week a year ago,
5000 600 bushels in 1896, 2 991 900 bushels
in 1895, and 2,742, 900 bushels in 1894.
Corn exports are the largest on rec
ord, aggregating 6.605,442 bushels,
against 6164, 600 bushels last week, g.
1896 900 bushels in this week a year ago,
1925. 900 bushels in 1896. 1, 149, 900 bushels
in 1885, and 900 bushels in 1894.
Business failures in the United States
this week show sharp falling off.
numbering only 17S. against 231 last
week, 1872 in 1897; 2S6 in 1896 and 1895,
and 207 in 1894.
Business failures in the Dominion of
Canada number 81, against Is last week,
81 in this week a year ago; 29 In 1886;
81 in 1895, and 81 in 1894