Show PURELY STOCK PANIC General Industries and Business Not Involved in Wall Street New York May JBradstrccts tomorrow tomor-row will say One looks in vain at this writing for any evidence that the general business of the country has been In i any way Interfered with by liefor tho time Involved soverest full In prices In I the history of the Ncvv York stock exchange A very general conclusion reached is that indeed the conclusion is purely stock panic not Involving or connected with the general Industries of the country in any way There will not In i fact be a bushel of wheat or a ton of coal less In the country ns a result of tills convulsion Speculation In grain and t other staples has however been checked by the concentration of Interest upon 1 tho stack market General trade advices this week arc In lie main rather more favorable than those of last week mainly because of tIm improvement in crop prospects due to seasonable ruins following planting The lull in the active buying demand for Iron and steel noted last week Is oven more pronounced today but this Is maIn ly because mills and furnaces are already heavily sold ahead and large consumers having placed orders arc now awaiting delivery Bank clearings swelled by enormous stock operations break all records Gross railway earnings continue to show satisfactory increase and fail tires are down to a normal minimum The textiles are still the soft spot In the gen oral situation nnd are still dull The feature of tim week In the crop situation is the arrival of rains through out the Northwest which has placed the spring wheat crop now nearly all plant ed In excellent condition In the South west and central WePt crop reports are generally good Weather conditions on the Pacific coast are more favorable for crops and a good field of grain is Indi catedWool Wool Is slow on sale but there IB some more movement In new wools at the Interior Large manufacturers are pricllcally out of the market New business Is notable In iron and nteel than for some time past but prices are steady and llrm at last weeks quo tations With mills and furnaces run ning to their full capacity the pigiron output on the first ot the month Is said to bo the largest In the countrys history exceeding the boom of February JSKW New business Is small In rails but In qnlrlPB are numerous Largo consumers of pig iron In the Chicago district havo covered their wants for six months to come Reports from the boot and shoo trade 4 are In n high degree encouraging Orders for full delivery of boots und shoes arc increasing anti manufacturers are active Wheat including Hour shipments for tho week aggregate I17SS72 bushels agnlnnt 510071ft last week 3 ISOS71 bush els in the corresponding week of 1000 a CllR Itiirihnlc I In I IKIft nr > r1 rtireio ols in 1SOS From July 1st to date this season wheat exports are isi035110 bush els ngiiiiist II9sIc1r i bushels last sea son and 0h2tO bushels In IS99 > failures for the week number 193 compared with 1G3 last week 181 In this week a year ago KM In ISM and 250 In ISMCanadian Canadian failures for the week num ber 2C agilnst 17 last week 10 In thin week u year ago 21 In 1539 2c Ir 1S9S and 31 in 1E07 |