Wichita eagle., 1889-05-25
BETTER FEELING EXISTS.
All Branches Of Trade Looking Upon
Good Reports.

NEW YORK, May pr. G. Dun & Co.'S
weekly review of trade says:
The reports this week are more encour-
aging. There are decidedly better crop
prospects and a better feeling in the
Branches Of industry and trade which
have been more depressed. Iron, coal and
wool look better and a better trade in cot
ton is expected to follow the large auction
here on Thursday. Greater activity and
better prices in the stock market reflect a
feeling of increased confidence in the bust
ness outlook. Wool is shade stronger,
because prices asked by growers are much
above the markets. but there is little if
any change as yet in the attitude Of manu-
facture. The average price Of l04 grades
of wool on the 18th was tenth Of a cent
higher than May l, The auction of about
81, 100000 worth of cottons brought prices
~ per cent. below those of agents, and is
expected to form a basis for more conf
dent trading hereafter. Cotton is a six
tenth stronger, and reports as well as re-
ceipts now fall far behind last years. but
the crop reports from the south are gener-
ally favorable, especially from Texas.
There is better feeling, but as yet with
out improvement of prices. in the iron and
steel trade. While southern No. foundry
is still freely offered here at SIG the higher
grades of No. | western are taken more
freely at S18 at Philadelphia, and it is
hoped that the decline has been arrested.
Bar iron is in better demand
Plate and tank are wanted to the full
capacity Of works, structural iron is fairly
active and there is good business in
wrought pipe at the late advance, but in
rails no change appears and the run of
small orders Is about s26. IS at the mill. In
anthracite coal, an advance IN prices June
! is announced. Lead is weaker. Ac-
counts from interior cities are without i'm
portant charges anywhere. AT Milwaukee
trade is larger than last year and is con-
sldered disappointing because it falls
short of expectations and that is probably
the fact at many other points. Collec-
tons. however, are rather slow there and
not over good at Kansas City. Money IS
everywhere in sufficient supply.
The western distributing centers are all
managed by exceptionally favorable
crop prospects, which are also
felt in speculative markets. Wheat has
declined to 81 &c and was even lower dur
ing the week. Oats have declined 1Mcand
corn &c. with but moderate sales. Pork
products are a shade weaker and -four loo
30c per barrel lower. A little improve
ment appears in exports; about per
cent over last year for three weeks of
May, but the increase iii imports is about
II per cent. 1t is an evidence of reviVing
foreign purchases OF securities that gold
does not go out more largely The treasury
does not interfere and offerings of bonds are
light. In about a mouth only S5,000,G00
have been purchased at SL0S whereas
over S7000,0 900 were bought last year in the
same time at lower prices. The treasury
has taken in during the past week only
$500, coo more cash that it paid out. The
local money market is amply supplied and
steady ut per cent on call and foreign
exchange tluctuates scarcely at ali. In
short, no signs of monetary disturbance.
The failures number Dps as compared
with 252 last week and 227 the week pre-
ceding For the corresponding week Of
last year the figures were 90.