The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-11
Up D EXPECTATIONS
BradStreet'S Declares the
Spring Trade of '98.
EFFECT OF WAR NEWS
As an Uplifting Influence is
Considered By Duu's.

New York, June 10.-Bradstreets tomor-
row will say:
Accompanying reports OF seasonable
quieting down Of the spring demand for
and movement of merchandise. come
proofs that the spring business of the
year of 1898, with a few notable exceptions
has largely met expectations. Particular
" confirming this latter view Of the case
are the heavy totals of bank clearings,
large railway earnings, heavy exports,
total Of failures vel ldown to the normal
and exceptional steadiness in prices, fol-
lowing the notable advances registered
some time ago. Weak or lower prices
for a number OF cereals during the past
week. in the face of a heavy export bust
ness, point to the very good crop pros
poets for wheat and other grains, in
fuencing holders toward parting with
their stocks. Statistics Of pig iron pro-
duction point TO a slight reduction in the
output Turing the month just closed, due
largely to silut-downs for repairs, but the
failure of stocks to accumulate gives proof
that the immense recent production has
been met by an equally large consumptive
demand. The leading feature Of the week
in the IRON trade has been the collapse
of the so-called "gentemen's agreement
in the southern iron industry, and prices
are lower as a consequence; but an adj
bance in Bessemer pig is taken to indicate
that the makers are getting in better
shape to control the output than for some
time past The features of the iron and
steel trade are the numerous small orders
amounting 10 a fairly large aggregate for
immediate delivery, and the booking of
a number Of orders for finished products
for export, but new business on next sea-
sons account does not come forward very
quickly.
Following the little squirt in the demand
for raw wool, largely on army orders, has
come a perceptibly less active demand
for this staple at the east, and the IN
satisfactory conditions in the manufac-
turing trades reflected in talk Of curtaiI-
ment Of production.
The tone Of cOttons remain fairly firm.
and most makers of ginghan1s have been
advanced, but cuts in some makes Of
prints are announced to clear up stocks
Features Of the price situation this week
are the steadiness Of nearly all classes
of groceries, Of raw cotton and prices
of print cloths and OF hides, leather and
lumber. while decreases are reported in
the cereals, lard, copper AM steel rails.
Cereal exports are slightly smaller than
last week but are still far above the to-
tails in the corresponding weeks of pre-
vious years. Wheat exports this week
aggregate 4.3O,sS2 bushels. against $685.
600 bushels last week; 19SO.OOO bushels in
the week a year ago; 90 900 bushels in
1896 and 1.7s1. 900 bushels in lo5y.
Corn exports for the week are 4,774, 3O4
bushels, against 6605, OO7 bushels last weeA,
2.S9S,oOO bushels in this week year ago.
100000 bushels in 1896 aSnd 655, 900 bush
els in 1885
Business failures in the Dominion of
Canada this week number 26. against q /
last week, IS in this week a year ago, 50 /
in 1896 and p in 1895.
Business failures this week number. 221.
an Increase over last week of 43. but COM |
pairing with a total in this week last year
OF 256, in 1896 of 234, in 1895 of 232 and in !
1894 of 227.
DUNS REVIEW.
New York June 10-R. G. Dun & Co.'S
weekly review of trade will say tomor- |
row:
The certointy that the Spanish Atlantic |
fleet is imprisoned and powerIess to do |
harm has helped 10 make the tone of
markets more confident. Every step Of
progress during the week has looked to-
ward an early termination of the strug
gle has been reflected in the market and /
In lower rates for money. All industrie.
have felt the uplifting influence. In
finances the growing anxiety to lend on
even long exchange at low rates. in place
OF shipments OF gold to this country. be-
gins TO accumulate a standing credit In
favor Of the United States. A stronger
it would be difficult to describe.
Hen have been buying and selling stock
with some blindness though the course
Of events has all the time warranted
higher market. Other countries have
Yet to poy in some way an enormous bal