The Wichita daily eagle., 1895-03-23
SIGNS ARE BETTER
TRADE IMPROVES WHERE 1T WILL
DO TIE MOST GOOD.
As. for Instance. Domestic Business Gains
in Volume, Money is in Better Legiti-
mate Demand and Labor is Better Em-
ployed-Advances in Cotton and Stocks
More Spectacular. but Less Valuable
Railroad Earnings Little. il Any, Better
Wheat suffers a Reaction. but Corn
Holds its Own-Bradstreet's.

Holds its Observation-Disclosures.
New York, March OR. C. Dun &
Co.'S Weekly Review Of Trade which
issues tomorrow Will say: Indications
Of Improvement in business grow more
distinct The most obtrusive Of them.
the speculative advance in cotton and
in stocks. is the least reliable nor can
either Of these be said to reflect actual
Improvement in business conditions
Railroad earnings are scarcely better
and the speculation is largely based
on expectation Of a more effective
monopoly in coal and some other pro-
ducts London was buying largely but
likely to sell on any rise. Cotton does
not raise becouse there is more de-
mand for goods but because cotton is
dearer.
More valuable indications are that
the volume of domestic business gains
a little, money is in much better legi-
innate demand and the force OF hands
at work gradually increases in some in
duStrieS and in others iS resisted only
by strikes, which are presumably tenn
pOrary.
The rise in cotton to 6.31 cents still
seems 10 have scarcely any contact
with the facts of demand and supply.
but had a very substantial basis, never
thelesS, II, as some maintain. more
cotton has been sold in this country
for future delivery than could be pro-
duced here until another crop comes
American stocks were last Friday
l.3i5,O2S bales against l, ,l54. 700 last year
with the general expectation that some
thing over 200, 600 bales will yet come
forward, while foreign stocks OF Amer
Too L
any date after the great crop of 1891.
Receipts continue large and the move
ment has really no other basis than the
belief that the next crop viii be small.
The rise in wheat. which started with
the report of wheat in farmers hands
has been followed by a reaction. so
that prices are lower than they We're
prior To that report, having fallen 21.
cents for the week. Western receipts
We're 1.9sS.214 bushels against I.633. 3SI
bushels last year. and for three weeks
were practically equal TO last years.
While Atlantic exports are small. Corn
has not followed, but after a raise 10
51l2 cents, holds the price of a week
ago, receipts being about a third of
last years, coast insignificant. Pork
has declined - cents per barrel and
lard 10 cents per 100 pounds.
The advance in wages of coke work
-
proportion To the iron manufacturers.
but as yet does not affect prices of iron
or its products, as no increase in de-
mand appears. Possibly il is hoped
that larger buying will soon be promp-
ted by the Idea that pig and all pro-
ducts Will be rendered more costly
though the large excess of production
and producing capacity stands in the
way. One sale of 10000 tons OF steel
halls, one east pipe contract for 5000
tons. bridge and five building con-
tracts aggregating nearly 5000 tons
are reported this week. but pig iron Is
weak without change both AT the east
and at Pittsburg. and no change OF
consequence is noted in the demand for
finished products. Copper continues
weak at 9.25 cents for lake, American
products in February being 12,72O tons
and foreign 6.139. while tin has risen
sharply TO 1873 cents. Lead is weaker
with heavy sales of $500 tons domestic
and 1,5O0 to foreign takers at 3.0j 10
81 cents. but large sales Of tin plate
are reported with prices a shade strong
er.
The rise in cotton has stimulated buy
ing OF goods and given confidence To
agents. Heavy transactions and some
advances in prices appear in southern
coarse goods, but not as yet in the
finest. While many orders are detain-
ed by labor difficulties there is also
much complaint Of cancellations which
appear TO be justified in some cases by
inferior qualiy, but in others not justI-
fled at all. Orders for fall are at pres
ent small and new business has been
quiet. Sales OF wool gradually de-
crease and for the week are smaller
than last year. Ala 900 pounds against
4.33s, 500. For three weeks Of March
sales indicate about 20 per cent of fun
consumption.
Failures during the past week have
Eeen 21s in the United States against
PA last year and 80 in Canada against
80 last year.
As heritage of woe, dyspepsia is un-
equalled. DIR. Prices baking powder
by creating wholesome food, renders
life endura BILE To many tOrmented by
this ailmenL
Bradstreef'- Trade Review.