The Wichita daily eagle., 1895-06-15


Movements in Grain stocks--Decrease in
Cotton Aereage--Cotton and Iron In
dustries--Coal and Coke--Bradstreet's.
New York, June 14-R c. Dun &
Cos Weekly Review OF Trade which is
sues tomorroy will say: 1t is no longer
a question whether business improves.
Not for long time have our reports
from all parts of the country been so
uniformity favorable. The daily aver
age of bank 'clearings in June is ei.S
per cent larger than last year, though
lila per cent less than in 1892. The most
important influence has been receipts
Of more favorable advices regarding
growing crops. Labor troubles are get
ting out of the way, wages in many es-
tablishments are rising and with the
iron industry just now leading, there is
general Improvement in manufactures.
The monetary condition also helps. The
time draws near when operations in
stocks and bonds have been insight
ficant this week, the effect of the pre-
vious transaction has not been exhaust
ed Much. diminished receipts of money
from the interior indicates better en-
ployment in business. and especially at
the west and the volume of commercial
lbanS steadily rises and is now fair for
This season, even in a good year.
Western receipts for two weeks or
June We're 3,l16,6S0 bushels of wheat.
against 1901 ,202 last year. while Allan
tic exports flour included. were only
1854, ,S47 bushels against 1880 .227 BUSH
els last year. Effects Of the rise in
prices Were seen in the official report
II .1<
1000, 900 bushels from the Atlantic, but
an increase of 1000, 900 from the Pacific
in exports. The price was reduced 21e
cents in trading. Corn also declined
about l cent, with better reports of
growth.
The official statement of 14.S per cent
decrease in cotton acreage was quickly
found, in view of revised government
estimates for that year. 10 mean more
than 10000, 900 acres now growing cotton
which much exceeds the best unofficial
estimates. Over 9,O06,U00 bales We're
produced in 1891 so that the report gave
no aid to prophet of evil. That some re-
duction would be wei for the south is
clear. but the heavy present surplus
will cover a larger loss than seems prob
able.
Cotton mills are doing we'll for the
season and numerous advances OF II
ed muslins, denims and licKs are still re-
ported. Two of the manufacturers look
for a speedy settlement of labor troub-
les and find moderate demand for low
and medium and heavy weight goods,
while some of the cheaper lines of
spring goods have been opened with
encouraging results. but as TO better
grades there is still great uncertainty
about prices.
The output of pig iron June 1, was but
a trifle larger than on May /. 157.224
tons against 1864 a month ago, but
ia ,022a year ago. Stocks unSold were
reduced in May 96.597 tons by stoppage
of many Mahoning, Shenango, Illinois
and Virginia furnaces which afterward
resumed. The advance in prices con-
tinues. Bessemer pig reaching s12.40 and
grey forge, Sl0.65 at Pittsburg and
change in all iron products show an adj
vance of 81 per cent this month and
1873 per cent from the lowest point in
February. For this conservative indus
try the rise of 26 per cent in bessemer
iron seems large. but 1t compares with
26 per cent in cotton, SO per cent in
wheat, so to 10 per cent in leather. so
per cent inrefined oil and over 100 per
cent in hides. All those products We're
at the lowest prices ever known and re-
markable gains We're to be expected
when any came. but with each. con-
sumption has yet to justify advances.
The anthracite coal trade does not
maintain the Improvement recently re-
ported and with palpable over-produc-
ton, had faith being charged. the
price has declined. The coke producers
about Connellsville have not yet made
open declaration of their new compact
but contracts are being made at sl.35
for the last half-year with provisions
for an advance IL wages are put up.
Failures for the past week have been
PAL in the United States against 232 last
year, and "A in Canada against 40 last
year.