The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-13
CATTLE GO ALOFT
DRESSED BEEF FOLLOWS AS A NAT
URAL CONSEQUENCE.
Petroleum Also Excites Feverish Activity
i'm Oil Circles, Attaining. as il Has, the
Highest Price in Seventeen 1ears--it Is
Concluded That the supply of High
Grade Cattle is Short-Aiso That OIL
Consumption Has Overtaken Produc-
tion-Raiiroad Earnings More Favor
able-Higher Clearing House Totals.

New York, April 12.-Bradstreet' to-
morrow will say: The features in
trade circles is found in the price move
ments, more particularly those for
cattle. dressed beef and petroleum.
Drouth. low prices and hard times"
within two weeks have resulted in
shorter supply of cattle, prospecuveiy
80 cents less than last year. Live stock
are 81 60 higher per 100 pounds than last
year. and 81 higher than the lowest
point this year the highest since 1888.
The comparative scarcity of high grade
cattle is emphasized by the fact That
present quotations when made in pre-
vious periods of scarcity, have never
failed TO bring a supply when one eX-
listed.
Petroleum sold at s1.5715 on Thursday.
So cents higher than on January l, anu
10 cents higher than a year ago, when
is more than three times the lowest
price in 1892, and the highest quotations
since 1873. Reduced production and in
creased consumption indicate that the
former has been overtaken which, re-
duced stocks, produces excitement IN
the market. Other advances are OF
leather, hides and footwear. Shippers
of anthracite coal to New England
points ask more f. o. D., and at the west
bar and manufactured iron have record
ed advances in actual transactions:
Lard is higher and cotton Is up o-ie
Recent gains in prices for besse1ner
pig and steel billetS are maintained, pul
! the request at Pittsburg and Chicago IS
! checked. Coffee and sugar are firm at
previous prices, while the list OF re-
auctions includes fraternal declines only
/ in wheat. corn, oats and pork, the ldl-
/ ter on lower prices on hogs.
Compared with February, March re-
| turns of gross earnings of 40 railroads
/ may be construed as favorable, the IN
! crease over March 1894 being 10 l
Der cent This is cOntraSted with tep-
| ruary falling off this year from last OF
| one-half of one per cent. When IL Is
! recalled that gross railway earnings IN
March 1894 fell off Is per cent from the
total for that month of 1893, an increse
last month from March 1894 of one-httn
Of one per cent, acquires significance.
Experots of wheat from both coasts
! Of the United States this week, flour IN
cluded as wheat, hald up TO hlgh pro-
cluded as wheat, hold up TO hSh aver
age, 2.934,179 bushels against 2l,So3' 9Ss
bushels in the previous week, 1,95o. DIV
busels in the second week of April 1884
2.94S.O52 in the week in 1893, 2,SlO,35e
! bushels in 1892 and =, 456,0S0 bushels III
the second week of April 1881.
The maintenance of a general hghe!
range of clearing house totals, an I'M
proved outlook for manufactures III
the taple lines, the spread of feellne
of confidence that the volume OF busi,
ness viii increase in the near future ano
an improved crop outlook in western
and northern grain states, are among
the more Significantly favorable lea
lures.
The weather has been unfavoraolS
throughout portions of the CANADIAN
dominion, with the natural effects OF
trade, although the outlook at Mon
treal and Toronto is encouraging.