The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-23
WHAT THE LOAN DID
ENCOU LACED INVESTORS ON BOTH
SIDES OF THE WATER.
Gold Export Situation Altered and Pos
sible Advantage Secured for the Regu-
lation of Foreign Exchange From This
Side -Otlc-..s No Appreciable Change
Has Taken Pace Trade Remains Back
ward, Production Restricted and Farm
Products at the Same Low Level--Metals
Farm Products and Textiles Reviewed.

New York, Feb. pr. G. Dun &
Company's Weekly Review Of Trade,
isues tomorrow will say: The surpris-
ing success of the new loan and the
great confidence it has given to in
vestors on both sides Of the water and
to business men here, encourages many
to hope that it may be the beginning of
z real discovery. In twenty-five min
utes the subscriptions are supposed to
have ben at least five times the
amount of the bonds offered and in two
hours at London they were twenty
times the amount there offered.
Considering the power which control
cf these bonds gives to regulate for
o.sn exchanges and to prevent exports
of gold, the transaction has not great
ly changed the financial situation, in
spite of the fact that government rev.
enues are still deficient and that domes-
tic trade shows scarcely any gain as
Yet. The industries are not enlarging
production nor have prices of farm pro-
ducts improved But a very import
ant source of apprehension and him
drance has, for the time at least, been
removed.
Wheat fell to So cents Saturday last
and has recovered to 81 cents, only Il
cent below the price week ago, while
corn, cotton, and pork are unchanged
and hogs and lard are a shade lower.
Western receipts of wheat are nearly
as large as last year, though for. three
weeks about forty per cent smaller, ow-
ing to the storms. The exports are a
little larger than a year ago and yet
are not large. Cotton has refused to
advance though there has been much
talk about cuTtailment of acreage this
year and receipts have sharply de-
creased. The decrease was apparently
owing to the unprecedented weather
in the south and the market is more
influenced by the certain oversupply for
the next six months than by the posi-
BILE shrinkage in yield next fall. AS the
market for goods is dull here and
abroad, the fact that visible stocks Of
American are about 100000 bales larg
pr than in 1892 at date justifieS eXpec-
tation that the surplus carried over
will be large.
Dealings in iron and its products are
moderate in volume with some discour-
agement in most branches, though
structural iron workers at Pittsburg
are very busy and demand for wire
nails and barbed wire has never been
surpassed. But nothing is doing in rail
surpassed. But nothing is doing in rails
plates are quiet and bar is as slow as
ever though in rather better demand
for car works. Sales of pig have been
moderately large with one transaction
at Pittsburg of 10000 tons December
at SO, but prices do not improve. Tin
is weaker at 1873 cents for February:
tie Calumet and Hecla has reduced its
price for copper to 995 cents, the jan
jlary output being 694 tons and the
foreign 7,114, and lead has declined to
81 cents, while tin plates are lower
with large arrivals.
Textile products show few changes
bit hose downward. Cottons are meet
ing an Indifferent demand and New
York mills "A bleached have been re-
duced to 912 cents and lonsdale A
bieached to 81 cents and in cheaper
goods and brown sheetiugs prices are
irregular A better demand appears
for the finer prints, but fancy calicos
are quiet and there is only the average
recorder business for dress goods. In
light weight woolens the recorders con-
tinue later than usual and the prelimi-
nary purchases of medium and low hea-
w goods are larger than year ago.
In dress goods little is doing. Sales OF
wool at the chief markets in three week
of February We're 1929, 050 pounds
against 1900, 800 two years ago.
The failures for this week have been
300 in the United States against 2sS
last wear and in Canada SO against 81
last year.