The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-14
THIS VAR WITH SPAIN
Has Killed More Predictions
Than Americans.
NOTHING TO DISHEARIEN
So Far Transpires in the In
dustrial Situation.

bad half hour; the theorist notion tina
everybody knows a great panic muSt fol
lew the outbreak Of war; the commercial
buyers notion that everybody would b.
ready 10 cell everything cheap II wal
came; the notion that II would pay Il
hoard money until the emergency hac
passed, have all been made laughabie al
ready. The only panic was when money
lenders were wondering what deadly i'm
possibilities the unknown might have II
store for them The only hinderance t
Industry has been due to the waiting OF
buyers who looked for lower priceA
Nothing disheartening can be seen In the
industrial situation. except the closing OF
some cotton mills. owink to over-produc'
zion. and the fall Of print cloths to Isl
cents. Cotton has not risen above s.31
cents and many stories OF reduced
| acreage are current, as a year ago, but
they do not weigh much in view Of the ac-
tuaI receipts Of 1880. 600 pales, The sales
| of wool have been only 4, Dos, 900 pounds at
the three chief markets for two weeks.
against 14,63o.4OO pounds last year and
u,216,7 $50 pounds in 1892. but prices are
somewhat ulOTS LLLis 6n0 tAAOkC - 6OOA
demand for goods, apart from the large
government orders. The demand for boots
and shoes. having passed all records In
recent months. has abated. and yet orders
are coming forward, and Just at the point
| where there IS general change from one
season to another. Leather is rising, with
no active demand, and hides at Chicago
have advanced about per cent, IN spite
of the fact that cattle slaughtered ~ the
four chief western markets this year are
considerably more than in any other year
except 1893 and 1894.
The output of pig iron. t34.1s3 tons week
ly. May l. against 23S.3S9 April. shows
practically no change, excepting the In
crease of S55 tons weekly IN charcoal iron.
Deducting the unsold stocks. which in
creased in April 1855 tons, the apparent
consumption in that month was sos tons
daily. against 81, 900 tons daily during the
previous four months. This general ex-
pectation Of expanding demand holds
prices steady for all finished products Of
iron and steel and with considerable sales
of bessemer pig. It is 9loc higher at Pits
burg, with other quotations there, at Chi
cago and at Philadelphia. practically I'M
changed Government orders are heavy,
and yet cover but little OF the consump-
ton, though they go far to cause the over
crowding Of shpyards and plate mills, but
higher prices for wheat have brought en-
ormous demand for agricultural impl-
iments and also for locomotive and cars,
while very many buildings in western
towns, and orders for many railroad and
other bridges, for canal improvements at
Chicago and for steel rails at the east,
make up a heavy volume.
Money is easier since the policy Of con-
,Iaet4on has ceased. and only 100000
went to the Interior during the week.
lille the new loans OF tho chief banks
averaged As per cent of the total to COM
mereal interests, against % per cent one
week ago and 15 per cent Two weeks ago.
with rates much lower than were quite
recently refused. The government is pay
ing gold over the counter. largely because
Il needs notes more than coin and 81, 900, 900
gold have been ordered during the week.
81 SOC, 600 from Australia, making SIS. 1865. $50
ordered, of which about 81, 900 900 has yet
to come.
Failures for the first week OF May have
been 81, 97S,9S9. against IS. 996, 1874 last year,
and 81. 13S, III in 1896; manufs curing s1,41l.-
275. against Sl945.5Ss last year. Failures
for the week have been in the United
States. against 264 last year, and "a in
Canada, against 81 last year.
BRADsTREBT's.
New York May I3.-Bradstreet's tomor-
row will say:
The business situation gains rather
loses in activeness as the spring season
advances. While Of course. the very IA
vorable situation In cereals Is still the
handspring of the Improvement manifest
Ing Itself in many sections of the country
there are other causes combining there
with to make the outlook for business in
the current year a fattering one. Fol-
lowing the rapid advances in the price OF
wheat. which apparently eliminated for
the time being early in the current week
IN a quotation for cash wheat unequalled,
with one single exception, and that only
for very short period Of time. for TWEEN
ty-ave years past, there has come a lull
and reaction from the abnormally high
prices. caused by the squeeze in the May
delivery. which. however. has left prices
far above quotations for az least years
back. Telegraphic and cable adyices to
Bradstreet's only accentuate the already
known bullish nature OF the immediate
wheat situation, while. on the other hand
owing to the generally admitted good
crop situation. particularly in this and
other countries. tie outlook appears 10
favor somewhat lower prices than those
now ruling, for the next seasons yield |
although above the average % those rul- /
ing for the past six years. With the qui-
citing down Of interest in wheat there has
come e partial shifting Of speculation to
other grains. particularly corn and oats.
and many classes OF provisions. with ad-
vances in nearly all these lines.
4 rather more confident fleeing seems
TO peryade the iron trade which is re-
hected IN fractional advances for lead
ing makes OF iron and steel eatures OF
the week are very heavy sales OF pig
iron az many markets. but x Is again
claimed that stocks have begun 20 accu- /
mula,e az some points as a result OF this /
continued enormous production. which is
placed at I.o00. ooo tons Per monea.
Perhaps one OF the most encouraging !
features Of the week. and one especially
acceptable because CT the hitherto very
depressed conditions prevailing. IS the re-
ported slight Improvement in inquiry and
IN tone IN The wool market At several I
cente-s.
The price situation Is stiu one o. great !
strength, bat particularly 50 IN food pro I
ducts. which sre, w!th few exceptions. /
notably coffee ard sugar. higher on the (
week
wheat exports are slightly lArE than /