The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-07
IO ONE Days WORK
At Manila Many Another
Days Work is Due.
ON A STRONGER FOOTING
Than Before That Event All
Industries Are Placed.
IN A STRONGER FOOTING

state Of war was so greatly dreaded
by those who have seen nothing like it for
more than thirty years that its coming
has hurt less than It's apprehension Espe-
ciall.y since the victory at Manila, which
indicated the superiority of the American
navy, gun for gun. expectations that the
war will not last long has Influenced all
markets, and stocks have advanced, the
average OF prices for railroads being 90 20
per share. The general condition of bus
mess has been materially improved. One
days work by the officers and men at
Manila has given many days work to
thousands Of people Of whom they knew
nothing, and has placed all American in
dustries and interests on a stronger foot
ing for any conceivable future.
The fact that gold is now used almost
exclusively between the treasury and the
clearing house indicates the entire free
dom from apprehension about the cur
rency or public credit
The most sensational of all changes and
the most practically important has been
days session 2112 cents from Tuesday to
Thursday night, and PSF cents for the
week-throwing into the shade all past
advances and all expectations, though
reaction. of IL cents, naturally followed
on Friday. Western receipts, after aver
aging less than 2,5O0O 900 bushels per week
for four months, have suddenly risen to
more than $500, 900 bushels. Exports have
not been checked by higher prices as yet.
but have caused them, amounting for the
week to 204.3SO bushels. -four included.
against 1,498,167 bushels from A tlantic
ports last year, and $50, 848 bushels, against
SO, sos bushels, from Pacific ports. The re-
markable rise on Thursday was largely
due TO the removal OF duties by France
and to the prohibition of exports by
Russia, both showing the extraordinary
needs abroad, so that the rise of 251k
cents for the week is not without excuse.
Corn failed to advance correspondingly,
though the exports were 5000, 900 bushels,
against 2,275.043 bushels last year, the
aggregate since July having been u.s.
600 900 bushels larger than ever before to
date, although wheat exports have also
been larger than last year, far greater
than in ordinary years, and nearly the
largest on record.
Industries have received a wonderful
stimulus from the conviction that HOSTILE
ties will not last long and from heavy
government orders. Besides great demand
for steel plates and other iron products
and ammunition, the government has or
dered 2,500, 900 yards of wooden cloths, 125-
900 blankets, 5000 600 yards cotton goods
and great quantities of provisions and
other supplies, and meanwhile reviving
confidence has multiplied other demands.
It IS not due TO domestic conditions that
orders from the Russian government for
two big warships have been taken by the
Cramps and orders for rails from Mexico
have given good start to the rebuilt
Colorado works. Four large merchant
ships have been ordered from the Della
ware works. plate mills are crowded and
at the same time an establishment far
in the interior is filing a foreign order
for s. 900 tons, while car and railroad works
continue to receive large orders and de-
mand for agricultural implements and
fencing goes beyond the ability of works
in some cases Textile adjustments
have been receiving larger orders within
the past few days, outside those from
the government, so that the stoppage or
reduction of time in four wooden mills
early in the week may have been pre-
mature. No decline whatever appears in
the prices of staple cloths or dress goods
and the heavy auction sale OF carpets was
eminently successful in clearing of at
fair prices an accumulation resulting from
an advance in prices last January which
was not supported by demand. Wool has
declined about Z cent in April. taking
the average of 100 quotations. and the bet
ter demand for goods has caused more
inquiry, but thus far no Improvement in
prices. Print cloths have again made
new low record. 1.s4 cents. but better
market is seen for other cotton products.
Failures for the week have been 2SS in
the United tSates. against c21 last year,
and . in Canada. against sc last year
BRADsTREETs.
New York. May 6.-Bradstreet's tomor-
row Will say:
Evidences accumulate that the corner
has finally been turned in the trade sit
uation. and that circumstances which
have hitherto been regarded as disQuiet-
ing have begun 20 give way 10 perfect
conditions or are beginning 10 be recog-
nized in a truer and more reasonable
light. While It is claimed. and perhaps
With justice in many cases. that the
changes yet noted are largely seutimen-
tai. and little that is tangible IS to be
sighted in the direction Of Improvement
y IS not 10 be forgotten that the duh
ness and even depression ruling Tor some
tine past was likewise largely se1times-
tai. and. It is now beginning 70 be ad-
r1itted by many. had even less % bass
TO rest upon than the present unmistak-
able signs OF Improvement. new sense
Of national strength and energy seems
unquesIonably 20 have developed since
the news OF the American victory AZ
Manila and the business community
generally, with few exceptions, would
appear 10 have come 20 the conclusion
that the possible effects az the present
var has already been discounted. Among
the favorable features Of. the week have
been the slightly easier tone IN the Money
market and a little more disposition on
the part q the financial Institutions 70
accommodate legitimate demands for
trade. Another has been the VERY gen
eraI foreign recoE1Itson CT the criifce
position q wheat supplies II the lower
ing, or the suspension entirely q import
wheat duties. n0<s5ly IL italy. France
and Spain and redected in advances pro
porton4te 70 the import daty re-5uotion
IN those countries Prices. boea AZ iae
seaboard and the interior. have broken
ali records .5- many years past vhue