The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-25
BANK CLEARING GAINS
All Over the Country, Feature
of Trade Conditions.
TERMS TO EMPLOYEES
Indicate Strong Confidence in
Iron Business.
TERMS TO EMPLOYEES

Reflections Of the advanced stage OF the
season is found in q perceptible quieting
down OF distributive trade in many parts
OF the country and accompanying this
have been announcements Of the fixing
OF the period OF annual shut-downs In
many inductriaI lines. but significant of
the changed conditions which now ami
mate and control business as compared
with corresponding periods in previous
years. are the continued large gains in
the volume of bank clearings over pre-
cedlng years. quite favorable reports
from most of the countries leading indus
tries, notably iron and steel. IN which next
years wage scales are being adjusted in
with unexampled ease comparatively
heavy exports of cereals and other prod
ucts from most OF the leading ports, and
rather less than the usual shading of
prices common at this period OF the year
as the result OF advances into the mid
summer period. Following the demorali-
cation in wheat prices have come a more
steady tone and the growth of a feeling
that perhaps the bear movement in prices
may be overdone. as was the bull move
ment which eliminated month ago.
With the exception of a rather spotted
condition OF the whole crop in different
states, chiefly as the result Of too much
moisture, the crop situation in the coun-
try, as a whole, has rather improved.
Less is heard OF extravagant wheat crops.
but the production OF crop Of wheat in
excess OF all previous totals is expected
The iron situation. while encourag ing
as far as present business is concerned.
has not developed sufficiently 10 allow Of
any very pronounced forecasts of next
seasons business. Concessions made by
employers however, in this line would
seem to indicate confidence in a continu-
ance of large business at least a; pre-
vailing prices, which. it should not be
forgotten, are in numerous instances
higher than they were a year ago.
The tone of cotton manufacturing has
quite perceptibly improved. this being due
perhaps on one half TO the placing of
large amounts of bleached goods al price
concessions and to the development in
some degree of the delayed eastern de-
mand for summer fabrics. Less satisfac-
ton is expressed In the wooden manufac-
turing trade and business here is classed
as slow and Improbable. with raw wool
rejecting dullness in manufacturing and
IN unchanged eastern quotations
Cereal exports are naturally enough
smaller than in recent weeks but are
still in excess OF preceding years. Wheat
shipments for the week aggregate .799
40 bushels. against 1896. 900 bushels last
week. but compared with Piss 900 BUSH
els in this week year ago. 2 2S3 900 bug
els in 1896 $4,000 bushels in 1895, and
1,975,0O0 bushels in 1894.
Corn exports show a very slight falling
off, aggregaung for the week 292. 2sI bush
els, against 41O6,0O0 bushels last week.
2.2S1, 900 bushels a year ago. l 1876. 900 bush
els in 1895 and $50 900 bushels in 1895.
Business failures for the week in the
United States are about normal. number
ing 200, as compared with 2O7 last week
2l5 this week year ago, 2l8 in 1896. and
2l5 in 1895.
Business failures in the Dominion Of
Canada this week number a. as compared
with 10 last week. Il this week a year ago.
1s in 1896 and % in 1895.
New York, June 24-R. G. Dun & Co.'S
weekly review Of trade will say in tomor-
rows Issue:
cry little Of the new business seer, IN
proportion to the aggregate, has been
caused by the war. Not any. discoverable
by ordinary tests. has been presented by
war. Neither ha& the collapse Of the
wheat speculation caused the excessive
relative decrease Of shipments. for ex-
ports continue remarkably large. Gold
comes or does not come. as We want Il.
the worlds markets being evidently at
our command. An offering Of bopds by
the government brings GU. at the start
bids for more than three times the amount
offered, while the popular subscription
already for three quarters Of the amount
exhibits In strong light the confidence Of
the people.
Wheat ceased 70 fall and begins 20 rise
IN price because foreigners needs are not
yet satisfied Atlantic exports FOR the
week were:
Flour included. 3e4se 20 bushels. against
+ 445. 81 last year. and Pacific exports BIZ
153. against s7Gse last year. and the de-
mand IS not q a speculative character.
The worlds need OF grain f. greater than
ever. and Zl5 s21.Js7 bushels Of wnea,
and - bushels Of corn have gone
a broad already, with a week to spare.
more than was expected in one year
After falling 20 soc for cash and nc f1-
July. wheat rose % &c for cash and PC
for July. with foreign demand
Corn was steady. wi;Hou: much fUe-
l,atlon. exports being 2574 . bushels for
the week. against l. ssl - last gear Or
other grain exports have been unusually
heavy.
TIE industries. a. the season WIEN
st7ppagss are 70 be expected. maintain
production surprisingly. There are ven,
few interruptions Or acc5un. o. IaH5- s-f
wage scales for the coming year have
learly al been an cao.y settled. TIE ron
Industry = very du-l ~ rs east. win
complaint that prices % not Use. but =:
and The wes, the works are
getting more business constantly. and
are even competing 50 that prices are
sagagiy lower f1r bars. cgt nuts. sts@!
rails and grey forge zhle Sou bern irsn
S also offered lower tasrs tnau a. .se
=as.- Tns enormous demand from zzr.-
cultural regions for implements. fencing
-ars, railway ecu! prs-: ard ali s5-ts y
building = The noteworthy feature = thss
remarkable year. Nsa5s ze-a-s are fairy
.eadT. wfth I'm a; JJ1c- LAKE copper =.
81 VIII 2Z7G .o1s yressce5 q, ere
-z.sed State and ess zbraa3 sn Nay ard
cad ! stronger a. 2ssc ~l.a Only NOD
80 irzaszc-lous. Woo. is stFsnEsr.
ihzte. % quoted av Cz-.s Br1faers aver
aglug - zEzlss- = = Jaa@ T. ~, s@eau.s
= Ees.erz 6@z4-z valch are relatively 1
'9gr cents above prices Walcb -azzgfa-- I
.Erer Ell pAy. creeping 90 aH lzz.s- I
s-ats o-ters As t1s sgtars . .ne .rs1s
.hougn SKA more noPefz1 prospects safes
>; ~9si have aesa n rHree Eeexa or-r
Z * % VoEr3s q ras taree caies MAJ