The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-30


neutrality-suspicious. Cuts Less Figure
for the Week Than Railroad Earnings.
Bank Clearings and Other Matters Indi-
cative of a Greater Bona Eide Business
Coke and Bessemer Pig Higher--Cot-
ton and Wooden Trade Bradstreet's.
New York. March OR. G. Dun &
Cos. Weekly Review of Trade will say
tomorrow: Signs Of improvement are
the more satisfactory because neither
accompanied nor apparently produced
by speculative craze. Dealings in
stocks, cotton and wheat are not divert
ing all the interest and capital from
productive industries and legitimate
trade, though these products are all
shade stronger. But railroad earnings
bank ciearings and industrial indica-
tons are more encouraging this week.
II is remarkable feature that the lift
ing this year begins at the bottom. so
TO speak; raw materials are sraised be-
fore there is any larger demands for
their finished products. a thing not Of
ten done with success. Hides rose.
then leather and then shoes; cotton
rose and afterwards some cotton goods
coke has advanced and afterwards bes-
semer pig. In all these cases il is
reasoned that the larger demand for
consumption. though yet wanting
must come when it sees that prices are
going I'D.
Higher wages for coke workers have
been followed by a formal advance OF
Az cents in the price of coke, and now
bessemer pib has risen IS cents at
Pittsburg and % cents at Philadelphia.
So far there is no answering increase
in demand or in prices for nsanufactur-
ed products and on the whole the range
is slightly lower than a week ago.
angles and common bar having yielded
a little. The general belief is that dear
materials will kindle more buying OF
products II is a signe OF strength
that an eastern mill has secured in
competition with British makers who
had an advantage of $3.50 in freights.
the contract for IL, 600 tons of rails for
California road, and other contracts
for about the same quantity have been
placed.
Raw cotton has been hoisted until a
stronger market for goods resulted in
some advances In prices. The tone OF
the dry goods market has been decided
ly irregular, though il does not vet APP
pear that real distribution has CORE
spondingiy increased. But stocks of
retail dealers are light. and when they
feel that prices are bound 10 rise, the
demand may grow rapidly.
In the wooden business cancellations
in some lines have been startling in
magnitude, many mills which supposed
theid whole product sold, finding them
selves in great need of customers
This seems to be mainly in low grade
goods, inferior quality being the COM
mon complaint, but delays through
strikes also play part, while offers Of
cheap foreign goods are not TO be over
looked. Quite large orders have been
taken by foreign agents for finer wool
ems and worstedsfi and all the way
from the poorest shoddy to the best
goods the competition will doubtless
be sharp for more than one reason.
Sales of wool for the week have been
quite large, 5,S29,s00 pounds against
4,OIS,2O0 las year, partly because a
quantity held for loan was forced TO
sale. But sales in four weeks have
been 1856, 200 pounds against 1873
900 last year and u. 133. 400 in 1892.
Cotton speculation reached a halt
with the enormous realizing OF last
week and sales have been a third small
err with no advance. The sason is late
and there are solid reasons for re-
ducing acreage, factors and traders
being able to exert "A powerful in
fiuence by their shoose. But the sup
ply Of cotton ow in sight or in spin
ners' hands. is over 10000 bales more
than the worlds requirements for this
year, with receipts for five months yet
To ocme.
Guesses about the condition of wheat
have varied widely this week and
prices are not much higher, the net ad-
vance bein IA cents. Atlantic exports,
-four included, have been ! .39l ,09l bush
els against 1.4f6.6i3 last year, and for
the month. 6,611 ,70s bushels against
S.sOs.734 last year, and meanwhile west
ern receipts for the month have been
1.I4I,36l bushels against 7,0S4,5 last
year. on-yaB0g.f
year. Corn ia a cent lower while pork
is 20 cents per barrel and lard and hogs
10 cents per hundred pounds higher
The failures this week have been PA
In the United States against 233 last
year, and AZ In Canada against 30 last
year. but the recent increase indicates
past rather that recent conditions Of
unsoundness.