The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-21
HITS TWO MARKETS
PRESIDENTS MESSAGE AFFECTS
STOCKS AND COTTON.

Otherwise Business Pursues the Even Teno,
of Its Way, Which Same Way is q Con-
tinuation of the Decline IN Values OF
Manufactures, which Remains Cnaf-
fected by Outside Causes-Iron and Steel
Fall Further-Cotton and Wooden
Goods Little Changed-Bradstreet's on
Grain Movements.
New York, Dec. 2o-R. G. Dun & Cos
weekly review of trade, which issues to
morrow, will say: The strong Ameri-
eanism of the presidents message has
given its character TO the week. Popu-
lar feeling was profoundly moved, but
executing in stock and cotton markets
business was remarkably dull and
scarcely affected. Selling Of securities
held abroad was natural result of this
impulse. although the sellers are not
unlikely in time to discover that no
other securities are safer from interna-
tional complications than the American
Coming at time when nearly all pro-
duce markets are inactiVe-an lndus-
has affected values much less than
might have been expected.
Not because of any foreign question,
but solely because of the influences
which have been in continuous opera
ton for months, prices Of manufactur-
ed goods continue to decline. There is
no great change in boots and shoes and
in some branches the demand appears
little better, though gradually lower
prices are offered and lead jobbers to
look for prices still lower. Shipments
from the east are an eighth smaller
than last week, but per cent larger
for the month 10 date. Leather still
declines, averaging per cent, for the
week, though hides of Chicago are
scarce and about 2 per cent higher.
Prices Of iron and steel have fallen
about per cent for the week and are
now 3 per cent below their maximum,
bessemer pig and greyforge and most
kinds of finished products having yield
ed more or less. Purchases by the
great steel companies, it is now evident,
were much in excess of their actual
consumption, and it is believed that
some furnaces will have to suspend pro
duction, as the demand for manufact-
ured products is too small to support
the output. Minor metals are weaker
copper being offered at 10 cents net;
the American production IN November
was 1880 tons and the foreign 1928
tons. Lead is weak at 800 cents, and
tin, after rise in price, is selling at
1875.
There IS no change of Importance in
the market for cotton goods, which is
not active enough to prevent some &C
emulation. Print cloths are a shade
weaker.
The market for wooden goods has not
improved, scarcely any except clay
mixtures and a few fancy cassimereS
selling at better than last years prices
and clothiers are not in haste to con-
tract largely, owing to uncertainty as
to foreign prices. New orders for the
heavy weight goods are more delayed
than usual and remarkably small
Sales of wool are mainly confined TO
needs Of manufacturer who
are buying little ahead and for three
weeks Of December have been 17,1792 200
pounds. Of which 500, 100 were foreign
a gainst 16, sos, 100 in the same week of 4
1892 Of which 4104, 500 were foreign.
The imports of woolen goods continue
month ago.
1t sounds strange to hear the many
of slow collections and scar
city Of money at the west on account
of the tardy movement of products
from the farms, when western wheat
receipts in three weeks have been 49,
655. 499 bushels. against 9.436,324 last
year while Atlantic exports, flour in
cluded, are only $751; 1887 against $685.
100 last year.
The movement Of cotton continues
small. There was a shade of advance
in the price until foreign questions dis
turbed the market, but it closed with
a Il cent decline.
Failures for the week have been ST. |
In the United States, against $40 last
year, and 30 in Canada against Sc last |
year.
TRADE REVIEW. !
New York, Dec. 2o.-Bradstreet's |
will say: The general business situa- |
ton has been affected by the precipita- |
ton of possible complications with |
Great Britain. The first TO feel this |
VIII he the prices of cotton and wheat |
The serious nature of the presidents |
statement of the case had the effect |
here and in London of causing free |
selling Of securities, even in spite of |
the fact that expectation of war is
slight. The most unfavora bic feature |
Is continued negotiations. and the IN
certainty which must exist
Total exports of wheat, flour inclu- /
aed as wheaO from both coasts of the
United States this week amount to |
!. 056O 600 bushels. compared with 2.45S.-
BOO last week. 1854 900 in the week one
year ago, zoos. 900 in the week two years
ago, and as contrasted with 4.247 900
N the third week of December, 1892
Exports Of wheat from the Pacific coast
show sharp decline as compared with
preceding weeks.
The total number OF business failures
the United States as repor-
ed 10 Bradstreet's for the week aggre-
gate 575. compared with S5S last week
,os in the like week one year ago. $50
-wo years ago (more than at the close
" the panic year, and 29S and so in
similar periods in 1892 and 1891.
New York. Dec. tives
II Rradstreet's at tweuty-three cities
Interviewed many leading manufact-
lrers and merchants Thursday as to
he effect. present or prospective, on |
rade. OF the international situation pre-
,ipitated by the presidents MESA &c.
he message itself. and as to the proba-
oility OF actual hOStilities. In no in
stance, so far as the interviews extend.
: war considered the probable outcome.
- far as the effect on business Is con-
erned. eastern and western manufac-
uring centers and many OF the larger |
Western and northwestern distributing
points report that none is felt whatever
BANH CLEARINGS-