The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-06

Advance in Iron and Steel Goods
Wool Stronger at Home and Abroad
with Sales Enormous Though Largely
speculative-Good Hopes for Fail Trade
in Some Parts-Speculation Advances
Cotton and Depresses Wheat.
New York, July 5.-R. G. Dun & Co.'S.
Weekly Review of Trade tomorrow
will say: The midsummer reports from
all commercial centers are of especial
interest, covering the questions on
which the future of business depends.
They indicate distinctly better crop
prospects than other official or COM
mercial accounts, marked increase
IN retail distribution of products, an
active demand for goods and a general
enlargement of the working force with
some advance in the wages of more
than half a million hands. At the
same time they show that the rapid
advance in prices has somewhat check
ed the buying Of a few classes of pro-
duts. In some parts of the country the
outlook for fall trade is considered
bright.
Comparison of prices for various iron
products show an advance ranging
from 1872 per cent since February for
wire nails, TO II per cent for anthracite
pig, in all kinds averaging % per cent.
The demand and rise have come so
suddenly that even while the first or
der for shipment of steel billets to Eu-
rope given some time ago when prices
We're low, as before announced, the
price here has advanced from $40 in
April to s22.25, or about 81 per cent.
Wool is stronger both here and
abroad, the London sales opening July
at higher prices and the average for
104 qualities OF domestic wool quoted
by Coats Bros, has risen half cent
since June 10. Sales have been enor-
nous though largely speculative. but
exceeding those of May and June in
any previous year, being 26,S97,61S do
nestle and 27.4S7, 100 foreign against
"a. 232, 400 domestic and 1865, l50 foreign
for 1892.
There is a growing recorder demand
for heavy weight woolenS and many
new kinds of light weights have been
opened with notable irregularities in
prices, some lower and others higher
than last year. But the manufacture
is better sustined thus far than expect
ed and he feeling is very hopefur, es-
peciall as labor troubles have substan-
TALLY ended. Prices of cotton goods
also continue to advance and the mills
are generally well employed.
Speculation has advanced cotton
S-16 cent, though crop news is favor
able, but has depressed wheat cents
in spite of estimates that the yield has
been materially reduced since June i.
Every year the crop reports are hav-
ing less influence and the time is ripe
for the radical change in government
estimates, which the department pro-
poses. The year closes with more than
$500, 900 bales of American cotton avail
able here and abroad, and with at
least 65, 900, 900 bushels of surplus wheat
although some make the quantity 3d.
600, 600 bushels large. The crop is GER
tain to be large and the prospects for
corn has greatly improved whiting the
last few weeks.
There were $3.50 commercial failures
in the first half of 1895 against 1893 in
the first half of 1894 and 6,i01 in the first
half of 1898. These commercial fail
ures involved liabilities of ssS,SS9,9i4.
this year against SOL, 739 306 last year
and s16S. 1884, in 1893. Manufacturing
failures for the half year were 1,254
against 1,501 last year and liabilities
$40 30l ,9i9 against SAL ,376,1 02 last year
and about $50 1000, 900 in the first half of
1892. Trading failures for the half year
wer 5,555 against 5,402 last year and IL
abilities S45,669,S30 against S02,345,91S
last year and about SCI. 900 900 in 1892,
Manufacturing failures were in number
SO of l per cent of all manufacturing
concers against AZ last year, with la
bilities averaging S113 for every such
concern against $117 last year. Trading
failures We're "a of l per cent of all
firms in business against ga last year.
with liabilities averaging $54 for every
such concern in business against So
last year. Banking failures, not inclu-
ded in above statements We're 63, with
liabilities of s16.e53,2 against 63 last
year with liabilities of s13.1S4.461
The details show a decrease in every
class of failures in the second, compar-
ed with the first quarter OF 1895, both
in number and magnitude, and default
ting liabilities averaging S34 against $40
for evry firm in business and s3.0i aga
inst S4.03 for every $1,000 solvent pay
ment.
State of the Wool Trade.