The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-04

New York. May 3.-R G. Dun & CO..:
Review Of Trade, which issues tomor-
| row, says: Business begins May In
better condition than at any other
time since the breakdown in May. 1888
Smaller in volume than then, it is not
shrinking but enlarging. The chief OBJ
stacle TO a more complete recovery is
| the anxiety of many 10 pluck fruit be-
fore il is ripe. Holders Of staples have
lifted them so far as TO prevent their
marketing; consumption OF materials
in some branches is checked by ad-
! Vances which cannot be realized for
finished products, workers in some in
dustries are demanding wages that can
not be paid out Of any business in
sight. In spite Of labor troubles, the
outlook brightens; money markets con-
| t1nue healthy and with heavy sales OF
railway bonds abroad, the deficiency
In public revenue, ss,7i2, $40 in April,
causes no apprehension.
Demands for full restoration OF
wages TO the level of 1892 have closed
many wooden mills and threatens to
close others. The strike which closed
iron furnaces at Newcastle, Pa, has
just ended without success, but other
strikes have stopped numerous works
about PittSburg. PocahontaS coke
workers are on a strike, and one is
| threatened by Alabama coal miners.
The speculative fever grows more
serious, as is natural when business
starts up with prices at extreme low
points, but by lifting wheat from 63
| cents to GO cents, Atlantic exports
have been checked and, -four included.
have been only 1,67e,197 bushels,
against 3,O17,4S5 last year. The close
was at 6S1a cents. Western receipts
are now larger than a year ago and
except in parts of some states. the
promise for the next yield is excellent
A sale of 200. 900 tons by the Fair estate
at San Francisco. loading thirty ships
for Europe, will lessen other demands
on Atlantic supplies. Enormous trans
actions in cotton have been followed
Wy decline from to 6.S1 cents. though
peace in China was represented as in
surfing a greatly increased demand.
The strike at Newcastle. Pa, now
over. stiffened bessemer pig so that
Sl0.75 was quoted at Pittsburg and the
closing of the Wheeling mill stiffened
| billets, while southern makers have
nonninally advanced their prices so that
they have been made here under SO
for No. 2. Additional contracts for
structural work here and at Chicago
sales Of 1000 rails at least. a better de-
plates and sheets, are encouraging fea-
lures this week. Wire nails are shade
higher at So cents and cut nails at 30
cents by car load, are less demoraliZed.
Consumption does not yet equal capa-
city of works or output of pig, but i'm
proves Late in the week important
strikes in iron works about PuttSburg
threatened serious disturbance. An
other heavy decrease of IL ,667 tons in
the output Of coke makes the shrinkage
nearly 20 per cent In two weeks and
furnaces offered at $1.10. Anthracite
coal agents agreed TO mine only three
days of the week in May but prices are
unchanged. Window glass makers
adopted a new scale for the two low
brackets. 80 cents higher than before.
The rise in prices of cotton goods
continue. The wooden year ends wotn
the lowest prices yet known 104 quota
tfons by Coates Bros, averaging 13.47
cents against 1892 cents last year and
22.1O two years ago. Large sales at
such prices are natural. and in April
11,99O,900 pounds domestic and 1.SS6, 700
foreign were sold at the three chief
markets, against 1i.065.55S domestic
and 7,715.i00 foreign last year. Sales
since January have been 92961915
pounds against IS. S56, $50 in 1892, and
less in 1893 and 1854. The demand for
wooden goods does not improve. and
many cancellations are reported.
though sales of wool indicate large con-
sumption.
The weeks failures are 231 IN the
United States against 233 last year and
81 in Canada against So last year.