The San Francisco call., 1898-06-27
OUR DOLLARS AND GUNS.

HE United States is to-day themost conspicuous
 nation in the world. Europe is regarding us
 with astonshed and askant eye The Orient Coes not know what to make of us Within twelve month the Yankee nation, which had hitherto been Iega1 ded a rich and progressive republic engrossed in raising hogs and wheat away off in of the planet has suddenly loomed up on the horizon as the coming dominant power of the world just as Rome rose, several thousand years ago. Its fields feeding Europe its fleets sinking and batterng down everything that stands against them, its armies are sailing across invade foreign countries and its bankers getting rid of of their plus gold by loaning 1t to Europe This same Yankee nation has suddenly become factor to be considered in all future calculations of diplomacy, and the question IS now being freely asked, Where will America stop?
 The foregoing is suggested by significant para graph in the weekly commercial report of R. G. Dun & Co.,. follows: "Very little of the business seen in proportion the aggregate, has been caused by the war. Not any, dscoverable by ordinary tests has been prevented by the war Neither has the col lapse of the wheat speculation caused the excessive relative decrease of shipments, for exports continue remarkably large. Gold comes or does not come, want it, the worlds markets being evidently at our command An offering of bonds by the Govern ment brings the bids for than three times the amount offered while the popular subscrip ton already for threequarters of the exhibits in strong light the confidence of the people"
 This paragraph tells the story of our marvellous commercial rise There is probably no other nation in the world which could carry on foreign war with so little internal disturbance In fact there is no dis turbance. As far the humdrum stability of trade is concerned, there IS war. The industries are main- taning their production with surprising continuity. Af.- factories for enormous quantities of implements fencing, cars, building material and railway equip ment The seaports are exporting quantities of wheat, and provisions. The railways are re- porting earnings considerably in excess of any pre- vious year Gold is being sent into the country from Europe faster than we want it. and we are glad to loan it back to keep down the surplus And so it goes, all along the line
 The great staples show no particular change from last week Wool continues quiet with steady under tone, however, which presages a possible revival later Cotton manufacturing has considerably improved but the iron trade is quieter The countrys bank cearngs show gain of I7.4 per cent over the week last year. The failures exhibit an increase being 285 for the week against 2I6 for r1e same week in 1897, this being the only unfavorabe feature in sight The exports of wheat from Atlantic ports for the week were 3,246ooo bushels against 1446ooo last
 
 The world still needs our grain, and the exports thus far this year amount to 2I382oooo bushels of wheat and 2o7, GOO bushels of corn far more than was ever before exported in year Against this flat terng exhibit however is noted the increase in fail ures before remarked and a quieting down of the dstributive trade in parts of the country But then it must be remembered that this distrbutive trade has lately been abnormally large. The crop prospects continue ne but previous exravagant es- inmates of the size of the grain crop are not main tained
 The local situation is bright San Francisco mer- chants generally look forward to a fine fall trade passing their expectations upon the relative condition of crops and prices. The fruit growers as already remarked doing we'll fresh fruit bringing better returns than for years and the dried fruit out look being brilliant Even at this early day Europe is cabling for views as to possible prices for aprcots and prunes, but the growers confident of good year, decline name any quotations The can securing the interior for peaches and apri cots and paying good prices with refreshing cheerulness Prices for hay and grain are above the normal for some years back, and though wheat has been very depressed of lae reaction is confidently expected by the shrewd in the trade Cattle sheep and hogs are bringing good prices and hogs have risen to figure where local dealers are mpeled to import dressed hogs from the West. Provisions in steady demand profitable quotations and the inquiry for hides is brisk In short, almost every thing produced by the farmer is selling well prices which enable him to make good living off his land and long this condition of affairs continues the State will be prosperous