The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-01-11
ghe aoliea 1au Eagle SATURDAYS gorme, gamnary 1see.
STARTS OFF SLOW
NEW YEAR BEGIES BUSINESS AMID
UNCERTAINTIES,

Bond Issue is One Factor of Doubtful Ma
ture, Right at the start-specuIation in
Products Not Active for the week-In-
creases in Western Receipts and in Ex-
ports of Wheat and Corn-Industrial
Situation not Materially Changed-Be-
tween-Seasons Character of Trade
Business Failures for the Week.
New York, Jan. 10.-R. G. Dun & Cos.
Weekly Review of Trade, which issues
tomorrow, will say: The new year be
gins with such uncertainty that bust
ness is somewhat retarded. The pro-
posed sale of bonds offers ground for
confidence in the future, but no one
is able TO determine what its earliest
effects may be in the money market,
and for the time it is a cause of hesita-
ton rather than hopefulness.
Speculation in products has not been
active. Cotton is unchanged. Wheat
is about 1 cent higher and corn the
same, without distinct reason in either
case, for the government report, tardily
conforming to commercial estimates of
some months ago, did not command
great confidence. Wheat receipts at
western points were almost double last
year, 2,S05,702 bushels, against 1905, 704
last year, but Atlantic exports were a
little larger than last year. -four fnclud-
ed, 1881, $40 bushels, against 2,010,75 a
year ago. Corn receipts are about one
fourth larger than last year, while At
lanttc exports are about four times as
large.
The Industrial situation has not ma
terially changed. There is much hest
tation in the iron business, at some ad-
vance in Bessemer pig because of the
expectation that Connellsville coke and
lake ore Will both he dearer, and yet
finished products of iron and steel are
on the whole quoted little lower. The
business in nails is extremely slow.
Nothing is doing in rails, and while
there is a rather better demand for
sheets and plates and several good ord
erS are reponted for structural works
ergles are quoted shade lower. Every
thing turns on the contracts for ore
which are still unsettled, but the great
excess in production of pig iron over
the present demand is no longer denied
and it is expected that quite a number
of the furnaces viii presently discon-
tfnu production. Lower prices for Ala
bama iron renew competition with east
ern furnaces.
Sales of wool are large, 6,69e, 800 pound
for the week, against 5,236715 last year
although a large part of the purchase
is of a speculative character, based
upon the belief that prices may be ad-
vanced if the new tariff bill goes into
effect. The opening of wooden goods
shows further tendency toward lower
prices, in spite Of the prevalent belief
that higher prices would be realized
before long if the revenue bill which
passed the house should become a low.
The cotton mills are generally running,
though not all with full force, and some
are piling goods without regard to the
immediate demand, which is COMPARE
lively slack, as they apparently believe
that the short supply of cotton this
year will ensure them profits in the end,
as it has during the past half-year.
goods have decidedly
weakened in prices, quite a number OF
changes having been recorded during
the past week.
Failures for the past week have been
431 in the United States against 421
last year, and SO in Canada against "a
last year.
TRADE REVIEW.
New York, Jan. 10.-Bradstreet' to-
will say: General trade has
not improved appreciably. Some whole
sale houses are sending out travellers,
while Others have not completed taking
account of stock. Mild weather at
western points has interfered with bust
ness in some instances, and the week
continued to present characteristics
of a between-seasons period. The i'm
preston is general that uncertainty as
to financial action by congress and dis
turbing political conditions have an
effect on the prospect Of
new enterprise. Mercantile collections
east, west and northwest are complain
ed of, but at the south the comparative
ease with which they are made forms
a conspicuous exception. The demand
for funds at various western centers
IS the most active for a year. Stocks
Of wholesalers at many Of the larger
interior distributing points are low.
First advices Of statesmen on the road
are Of moderate demand for goods, i'm
showing itself first in dry
goods, shoes and clothing.
Exports Of wheat flour included as
wfheaO from both coasts of the United
States this week amount 10 3.457. 900 as
compared with 3,965,000 last week. p
So, 600 in the week one year ago; 2. 400. 600
two years ago, and 3.30S, 600 in the cor
week in 1898.
There are 4i6 business failures in the
United States this week. the aggregate
was 4O3; in the week one year ago II
was 405 ard in the corresponding week
II 1894 just after the panic it was 49,;
while in the like week Of 1893. five month
prior 10 the financial disturbance, that
year Sol.
BANK CLEARINGS
New York, Jan. l0-TThe following table.