The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-31
BUSINESS CONDITIONS

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break In the Industrial deadlock in Penn
sylvania. This coal miners strike re-
mains the one bad feature of the gem
eral situation. Naturally this strike has
affected earnings Of the coal roads ad
versely and in the latest returns con-
this, the forty five. principal railroads of
the country showed net earnings for the
third week Of May of S.37 per cent larger
than for the same week last year. Com
plete reports covering earnings of all
principal lines, for the first quarter~of the
current wear are now in, and the figures
show the grand total Of $780, 900, or an
increase of about per cent over the
same period of last year With ruling
conditions that make the volume of traffic
necessary for showing like this it is i'm
possible for any one unfavorable feature
to have more than passing effect.
The London financial world continues
>sanguine Of an early peace declaration In
South Africa and this sentiment reflected
in New York is sustaining influence
against such bearjsh pressure as comes
from the labor complications.
New York banks sent out $1,oo0,o0o in
gold this week, rot to Europe, however,
but to Canada. ~. .-.-
The continued favorable weather and
reports of crop conditions promising
heavy grain tonnages for the fall have
been stimulating to western railroads,
o~1I - -, st. I,
on the New York Stock Exchange.
Travelling statesmen report demands for
staples in the south and parts of the
southwest a little lighter and orders are
moderate. In the northwest there is no
decline, country merchants reporting "a
continued active demand and jobbers find
ing business good in all lines. An i'm
proving demand Is reported for refined
sugar. Hides leather and textiles. have
ruled fairly steady with strength In some
grades z" -
A favorable feature is the ease with
bers and manufacturers, the country
over say they have rarely seen money
more plentiful in the country and little
difficulty is experienced in getting it in
when due. 81, .. Il .-- + :
For the week 1914 failures are reported
most of them very small ones. There were
148 last year. ...a. 49,.
Kansas has 1886 900 acres of wheat ac7
cording to the report of the state agri-,
cultural bureau" This is material re-
ductfon from the 1851 900 acres originally
seeded The wheat acreage abandoned OF
plowed up has been put to corn. What
ever encouragement might have been
drawn from this, or from the continued
strength in the northwestern cash wheat
situation, was more than offset by the ia
vorable growing weather and good out
look for the new crop. The northwest
has had week that taken all around
could scarcely have been better for all
agricultural growth. 1t is not in wheat
alone that the promise Is good but in all
grains, and on the dips In prices of corn
and oats futures, wheat has been quick
to follow. There are a number of
things in the statistical and supply fig
ures that are certain to prove strength
ening ultimately, but they are of no effect
now. While the European crop outlook
remains good, foreign buyers hold off,
and weather conditions at home are so
very favorable there will be little chance
for any material advance in wheat.