The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-04-18

an Improvement IN the weather winch
would materially increase the output, es-
pecially as the acreage is estimated to
exceed that of last year by about u per
cent. Besides, there is every liability
that, in the event Of probable decrease
in the winter-sown crop the area Of
spring wheat would be increased. We
are, however, making comparison with q
year of unprecedentedly large wheat crop;
so that, even should the output show a
decrease compared with 1885, IT would
probably still exceed that of any year
previous TO 1898. AS conditions now stand,
therefore, there is a fair prospect of an
other agriculture! year of great album
dance with continued large earnings for
the railroads. large exports Of food pro-
ducts and the continuance Of an impor-
tant excess Of exports, except so far as It
may seem possibly be limited by an in
crease Of imports consequent upon the
growing prosperity of the country.
Under these great conditions, 1t is not
easy to find any bear elements in the
Wal lstreet situation as it now stands.
Rather, the position favors thSSrospect
of strong market and bullish ten
Beyond that period. however, there are
monetary possibilities which will need to
be watched. There are very evident symp-
toms that the supply Of circulation is fall
ing short Of the requirements of our
largely increased business. It is true.
there has been an increase of the money
in actual circulation; the amount having
risen from 81. 80, 900 900 on April J. 1898,
to 81, 1927, 100000 on the first Of this month
"a gain of s171. 800, 900; but of this increase
S112, 900 has consisted of gold, which is
almost entirely. unavailable for active use
in trade; so that we may say the increase
in the forms Of money available for re-
tail transactions is only about $4,000 600
within the last twelve months. This in
crease in the active circulation. outside
of gold, is at the rate of "a per cent.
while the increase in the transactions of
tire clearing houses of the country was
46.8 per cent within the same period;
which shows an amazing disparity be-
tween the expansion of the active circuIa-
ton and that of the general trade of the
country as expressed in our banking
operations. There seems to be no hope
of the demand for more currency being
met through an increase of note issues
by the national banks for during the first
quarter of the year. the banks withdrew
over S6,C00000 of bonds deposited for cir
culation. The only existing way through
which this want can be met is by the
treasury returning to the issue of gold
certificates, which would have the effect
Of giving circulation to a considerable |
sum of now idle gold. These facts demon
strate the necessity for congress taking |
up the currency situation as one of the /
first measures after its assembling.
The money situation will be materially |
improved next week by the payment of |
the $50, 900 600 peace treaty money TO the
Spanish government, as it will come di- |
rect frCpl the New York sub-treasurv
into the New York city banks. and It is /
now quite certain that bills of exchange |
will be RENTED in place of forwarding }
the gold, it being cheaper to do so. 1t |
is reported from Washington that the sec |
rotary will recoup the treasury gradually |
from the government funds in the nation !
al depository banks at the rate Of 81 0O0. |
600 week. The banks will therefore !
gain S9,00O000 by the operation, as thov /
will receive 5000 1000 and only nav ont /
$1V0,00O next week
Pneumonia is one OF the most dangerous /
and fatal diseases. Tt always results from
a cold. Chamberlain's Cough Remedy will |
quickly cure a cold and perhaps prevent an |
attack Of pneumonia. 1t is in fact made |
especially for that ailment and has become |
famous for its cures over large part Of |
the civilized world. It counteracts anv |
of a cold toward pneumonia. Can
you afford TO neglect your cold when so |
reliable a remedy can be had for a trife? /