10 Conservative *
THE AUDIT COMPANY
OF NEW YORK.
Queen Building , AT. Y. Lire Building- ,
York City. Chicago.
OFFICERS :
Acting President , Vice-President ,
AUGUST BELMONT. WILLIAM A. NASH.
Manager , Secretary and Treasurer ,
THOMAS L. GREENE. EDWARD T. FERINE.
The Audit Company begs to announce the opening of Western
Offices as above.
Hereafter , at both the New York and Chicago Offices contracts
may be made for audits of accounts , and financial and physical exam
inations of properties , with certificates , reports and appraisals.
The Western Board of Control of the Company and the Manager
of the Western Office will be as follows :
WESTERN BOARD OF CONTROL :
i
JOHN J. MITCHELL , Chairman , President Illinois Trust & Savings Bank ,
Chicago.
JOHN 0. BLACK , President Continental National Bank , Chicago.
JAMES B. FORGAN , President First National Bank , Chicago.
JAMES H. ECKELS , President Commercial National Bank , Chicago.
EDWIN A. POTTER , President American Trust and Savings Bank , Chicago.
Counsel to Western Office : L. MAYER , Moran , Mayer & Meyer , Chicago.
Western Manager : A. W. DUNNING.
THE MORTON PRINTING CO. , Fine Stationery.
"The OVCRUAND ROUTE/ '
. fr The ONL/Y DIRECT ROUTE to
and from the Pacific Coast. . . .
UNION PAGIPIG.
Two trains daily to and from Missouri River and Denver and Colorado points.
Two trains daily to and from Missouri River and San Francisco and California
points.
Three trains daily to and from Missouri River and Salt Lake City and Utah points.
Two trains daily to and from Missouri River and Portland and North Pacific
Coast points , with direct connections for Tacoma and Seattle.
Buffet Smoking and Library Cars with Barber Shops and Pleasant
Reading Rooms , Double Drawing Room Palace Sleepers , Dining
Cars , Meals a la Carte , Pintsch Light.
SUMMER EXCURSION RATES via THE UNION PACIFIC ,
June 21 , July 7 to 10 inc. , July 18 and August 2. One fare , plus $2.00 , for the
round trip from Kansas and Nebraska points to Denver , Colorado Springs , Pueblo
Ogden and Salt Lake City. Return limit October 81st , 1900.
For Time Tables , Folders , Illustrated Books , Pamphlets , descriptive of the territory tnv
versed , call on , your nearest agent or addrest
E , L , LOMAX , 6. P , & T , A. , Omaha , Neb ,
ENTER THE FARMER.
It seems to be almost the rule in the
United States that when the manu
facturer flourishes the farmer lan
guishes , and vice versa. Or , to be more
specific , when the great fnrm staples are
low , manufactured goods are bringing
good prices with an active demand , and
the reverse. Whenever the two di
visions of industry flourish together bus
iness booms indeed , but the combination
is not frequent.
Lost year wheat was quiet and low
and manufacturers enjoyed more prosperity - :
perity than for years ; now when the
factories are quiet throughout the country - ,
try , wheat suddenly wakes up and sur
prises everybody by rising at a great
rate.
These are the two leading features of
business at the moment. The manu
facturer is taking a back seat and the
farmer is having his innings. The rise
in wheat is 25 cents per bushel since last
November and 20 cents during the past
fortnight. The disaster to the crop in
the great spring wheat belt , through
which the crop in the two Dakotas and
Minnesota will probably be cut down
from 200,000,000 bushels in 1899 to a
scant 75,000,000 in 1900 , is the direct
cause of the advance , though within the
past few days conditions in Russia are
becoming less favorable , and the show
ing in the Argentine is not as good as
it has been. Predictions of $1 wheat by
midsummer are coming in from Chicago
and already the quotation is making a
shadowy appearance in the horizon of
the California farmer. In any event ,
the advance is coming early enough to
enable the farmer to get the benefit of
it , whereas the last rise did not occur
until along in the fall and early in the
winter , when the grain had generally
passed out' of the farmer's hands into
those of the middleman.
Already produce is showing the effects
of the improvement in wheat , flour , and
millstuffs and the minor cereals are ad
vancing in sympathy. An adverse ef
fect is the probable falling off in rail
road earnings , owing to the reduction of
the crop.
General trade continues dull. Cotton
has shown more strength of late , owing
to crop damage , and trade in summer
dry goods has been helped by warm
weather , but wool and woolen goods are
dull , and hides , leather , boots and shoes
are reported in an unsatisfactory condi
tion almost everywhere. Lumber is ac
cumulating at some points and the gen
eral feeling is weaker. Iron and steel
continue to decline , mills are shutting
down and furnaces going out of blast
and it is evident that this great industry
has seen its best days for some little
time to come.
The financial condition of the country
continues sound. During the past few
weeks New York has accommodated