The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-25

ness Factor Bradstreet's Intiinates
That Reports are Not Reliable From
Other Sources of Information Than
Their Own--The Business Outlook.
New York, May PAR. G. Dun &
Co.'S Weekly Review OF Trade, which
issues tomorrow. will say: If wheat
has been so greatly injured by the
SHOWS and frosts in May that the sud
den rise of y cents in two weeks is
justified, the calamity viii affect all
business prospects. The markets do
not belive it, for stocks do not collapse,
iron, leather and hides still rise. and
no holder of wheat would sell at 50
cents, a lower price than had been
known at this season for thirty years
prior to 1899, If current reports were
credited. Some injury has undoubt-
edly been sustained but our own dis
patches do not show that it is really
serious. The temper is to buy, re-
CARELESS Of visible requirements, in the
faith that prices are sure to rise
Western receipts of wheat for three
weeks have been larger than last year
IN spite OF storms and frosts. But the
rise has practically stopped buying for
export, as the similar rise did in April
1884, which was followed by about the
lowest price then ever known. Whether
grain has been greatly injured or not,
foreign markets will take early occa-
sion to fortify themselves from other
sources. The weeks sales here have
amounted to 155, 600, 900 bushels, and ac-
counts of damage by frost and by in
SectS are SOmiXed up that some traders
think the bugs must wear oyercoats
Corn rose 34 cents during the week.
though much of the corn killed may be
replanted; pork rose so cents per bar
rel, lard 5 cents per 100 pounds and
oats cents. Cotton also advanced
Is cents during the week with sales Of
l,556,2OO bales, current estimates put
ting the decrease in acreage AT 1875 Der
cent and the crop at 1850, 900 bales.
Even this, with known commercial and
spinners' stocks, would give the world
for the year and quarter to come
more American cotton than it has ever
consumed in a year and a half.
The iron industry distinctly gains
ana the Improvement is no longer con-
lined to prices of materials Better
wages at and west of Pittsburg con-
vince buyers that prices must rise, and
there nave been larger sales of finished
products with about one dollar per ton
better prices for structural forms and
steel bars, while Bessemer pig has risen
to sl1.50 at Pittsburg. The Thomas
compay has advanced its anthracite
pig so cents and higher freights made
southern cost more at the east. Sales
of rails to May 1 were 420 900 tons and
deliveries 100000 tons. both larger than
last year. Nail works are combining
and coke pool is expected to raise
prices soon. Pittsburg banks note
withdrawals for pay rolls in the past
month of S2,3S3,397 against $1S65,S 1S
last year by the same works. Orders
this year number 22,029 freight and 70
passenger cars, 5000 more than in the
whole year 1894, but in 1892 and pre-
ViouS years the output was aver 90. 900
freight cars. Anthracite coal is de-
cidedly stronger and copper very firm
at 1O1a cents for lake. though the April |
output was about $500 tons larger than
that of January.
The textile mills have been kept fairly |
busy. but the demand for cottons seems |
Stacker on the whole and print cloths !
are sixteenth weaker
Failures this week have been 2O7 in !
the United States against 1S3 last year.
and 70 in Canada against 2S last year |
Costliest ingredients and perfect |
blending of all its elements, make |
Prices Cream the ideal baking pawder +,
OF the century