The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-18


Yields of most other cereals. with corn
promising least fayorably.
Cotton acreage and condition aflke fore
shadow a yield which may be slightly
smaller than last year, but this might
easily be compensated for by an advance
in values. which are higher on the week
A rather quiet tone is shown in the iron
situation this week, relatively most activ-
ity being exhibited at the west.
New buying is restricted but mills and
furnaces are turning out heavy output
and the banking OF furnaces is looked FOR
to give tone 10 quotations OF the raw
product. Cotton goods, If anything. are
slightly improved. but raw wool is still
under restricted demand. because manu-
facturers find new business slow. The
price situation for the week reflects stead
mess. the only important decreases being
in southern pig iron. wheat. -four. while
hides are higher at the west A number
OF metals have been advanced. and oats.
corn, lard and cotton note fractional ad-
vances.
The west and northwest continue the
scene of relatively most activity. alike
IN demand and movement Of merchandise
The excellent crop prospects in the north
west are reflected in a satisfactory trade
in seasonable goods and relatively larger
volume Of orders for fall trade. with the
aggregate sales at most cities heavily in
excess Of rhe corresponding week in re-
cent years.
Wheat exports for the week aggregate
4,280. 7SS bushels, against 4.7S09S2 bushels
last week, o,547.31s bushels IN this week
year ago, 3.20,317 bushels in 1896, 2.sS7.S07
bushels in 1895 and / 927. 600 bushels in 1894.
Corn exports are also slightly smaller
than last week, amounting 10 4'1O6.No
bushels as compared with 4,774.303 in the
preceding week. 4.313 bushels in this
week a year ago. 10000 bushels in 1896.
and SIS. 900 bushels in 1895.
Business mortality is at a low point,
| the failures for the week numbering only
| POT, fourteen smaller than week ago
! 10 fewer than in the corresponding week
Of 1897, So smaller than in this week IN
| 1896 a smaller than in 1895, and only u
| larger than in this week of 1894. when re-
striction Of credits and dull business was
most marked.
Failures In the Domin on Of Canada num-
| Der 10, a decrease OF from last week,
| % from the total in this week a year ago,
of IS from 1890 and of II from 1894.
BRADsTREET' FINANCIAL REVIEW
New York, June 17.-Bradstreet's finan-
cial review tomorrow will SAT:
A reaction in values occurred early in
! the week, resulting in more or less liqui-
/ dation and bear selling and a somewhat
| lower price throughout the share list. The
! declines, except in a few instances, were
not severe, considering the extent of the
previous bull movement, and the market
soon became steady and later in the week
gave symptoms Of a renewed advance.
This was, however, mainly on short COW
ering, and one of the effects of the checks
to the markets rising tendency was the
decrease OF public participation, profess
sional manipulation being once more very
/ apparent. London was a purchaser OF
stocks to a limited extent on the decline
but the active interest in Americans there
is small and the London market generally
is sluggish and narrow. At the end of
the week industrials and specialties were
the principal objects of the trading. The
bond issue and the war news have, OF
course, been factors, but the principal in
| uueNCc III the UldIhCt THIS WIEN " ID N1AN
collapse of Letters grain operations al
Chicago. 1t is now recognized that this
was hanging over the market for little
time, and was the probable cause fol
the change of leading operators from the
bull side of stocks. The actual news OF
the developments at Chicago last Tues
day was, however, a surprise, and dis
agreeable one, to the street at large The
western contingent were heavy sellers o.
stocks, and there was a general fear tina
banks or other large interests might b'
involved. which were promptly reflected
! IN the course of prices for railroad s2cur
tiles. Indeed, the feeling Of apprehension
/ on this score was not thoroughly relieved
until the close of the week. when 1t wa
apparently established that the losse
would fall mainly, if not entirely, on tn
chief actor in the episode and his immedi
ate backing In this connection II ma.
be also noted that the report of the con
. tinued rains in the west and damage I
crops have been used 70 some extent b,
the bears. while the continuance OF rat
cutting both east and west, has also bee
, held up as an unfavorable element IN IN
situation.
SPANISH FOURS RELAPSE.
, Madrid. June 17.-Spanish fours close
today at 6O.65. Gold was quoted at $50
Paris. June 17.-BusineSs on the bours
, today was hesitating. due 10 the suspens
prevailing as 20 the position OF the ne'
cabinet. The tendency. however, was 70
wards hrmer prices, especially near IN
close Of the day. Italian securities wer
easier and Spanish tours relaPsed. RI
Tincos were harder on favorable cope
: statistics.
Berlin. June 17.-IntFnational and Amer
: lean securities opened firm on the beers
: today. Al the close Of the market spar
ISL fours and Italian securities were easie
d. on Paris advices.
. LOANS. EXCHANGE AND BONDS
New York. June I7.-Money on call non
. inany al 1EG1i4 per cent Prime mercar
: tile paper 3a4 per cent. Sterling exchane
firm. with actual business n bankers bill
at 81. s5Ia4S5z. for demand, and at $is41
= for Sky DAYS. Posted rates &-SG4s3
: and 81. SsLd4s7 Commercial bills S4s2lz
:. 4ss. Silver certificates 500 ounces sold
!, IS. Bar silver ~. Mexican dollars 81
!, Government bonds heavy. New fours rei
: istered and coupon 1924: fours l1sas; COZ
!, non III: seconds g; hves registered az
, coupon Ill.,; Pacific SKIES % 9, Ill
: TREASURY STATEMENT.
a Washington, June I7--Today's statemsl
: OF the condition Of the treasury show
: available cash balance. Sl6s.5is. sos; 60
reserve, Sls3 oS7. So.
GRAIN AND PRODUCE MARKET
IL. t-rt.-.rs-..- o.ascfat rarrs n rrires Q