The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-07-07
NOTHING D CRY OVER
Trade Situation Shows Well
for the Half-Year.
FAILURES AND EARNINGS
Are Two Items tof Especial
encouragement.

New York, July 6.-Bradstreet's tomor-
row will say: Business is usually dull at
this season and this year no exception to
the general rule is marked. A review Of
the past six months. however, gives little
comfort to pessimists. Bank clearings.
it is true, are smaller by about IL per
cent than they were in the first half of
1893, but railway earnings are 10 per
cent larger and business failures. as re-
| ported to Bradstreet's are the fewest re-
ported for eighteen years back with la
/ bllitdes of failing traders the smallest
with one exception, and that last year,
Stree 1892
Winter wheat has about all been har-
vested in the southwest and the yield
there has been very large. Copious rains
in the northwest, too, have apparently
worked some improvement, Judging from
the more cheerful tone Of advices re-
ceived thence this week.
Raw cotton has been rather irregular
this week. Some improvements in crop
advices is to be noted. but the main in
terest centers upon the efforts of the
overgrown shortage to cover on the early
crop deliveries.
Wool is dull and manufacturers are
supplying only actual wants Prices are
at the lowest point reached this season,
in sympathy with the lower opening of
the July wool sale at London, where fine
grades are relatively weakest.
In manufacturing lines dullness and
weakness are most marked in products
of iron and steel. Talk of an effort by
the great combination to control prices in
the latter industry is heard, but in the
almost total lack of new business the
basic material, pig iron, weakens stead
lily, with some authorities predicting a %
per cent reduction from present prices,
which are not attracting buyers.
The situation in boots and shoes and
its allied Industries is one of quiet, pend
mfg new developments. The settlement
of labor troubles is reflected in the bet
ter demand for building materials at af-
fected centers, while rains in the north
west have allowed white pine manufac-
turers to open their works and give en-
ployment to many thousands of men.
Southern pine prices are weak and the
market for that material is very dull
Anthracite coal has advanced . cents
a ton and while the demand has not in
creased heavily, the feeling in that trade
is rather more cheerful Sugar has been
marked up again this week coffee is
higher. while tea holds the full advance
scored on Nthe outbreak of the Chinese
troubles.
Wheat, including flour, shipments for
the week aggregate 3,01S932 against 3,1S4.-
IA bushels last week, S,758,972 bushels in
the corresponding week of 1899; 2,72S.642
bushels in 1898; 1902 sos bushels in 1897,
and 2,l67 076 bushels in 1896. Corn exports
for the week aggregate 3,614,294 bushels,
against 1900, 654 bushels last week, 3.75S-
792 bushels in this week a year ago; g.
72S,642 bushels in 1898; 25O2, COG bushels in
1897 and 2,167,076 bushels in 1896.
Business failures in the United tSates
for the week number 1856, as compared
with 1S5 last week. 1856 in this week a
year ago. al in $685. 213 in 1897 and 219
in 1896. Business failures in Canada
number . as compared with IS last week
% in this week a year aSo, 16 in 1888, 81
in 1897, and 50 in 1896.
DUN'S REVIEW OF TRADE
New York, July 6.-R. c. Dun & Co.'S
weekly review of trade tomorrow will
say: Failures in the first half Of 1890
were 1892, with liabilities Of S10o,57O ,13t
There were thirty failures of banks and
financial corporations. for S25,S22. $50. leav-
ing 5,S32 commercial failures, with liabiii-
ties of $74,747,457.