The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-22


New York, Feb. Pr. G. Dun & Co.'S.
Weekly Review of Trade, which issues
tomorrow, will say.
The restoration Of the treasury re-
serve has been effected with remarkable
little monetary disturbance, though
stringency in many markets, greater
elsewhere than here and greater in
| commercial than In other loans, has
somewhat retarded business. The rapid
rise in the price of bonds strengthened
public confidence.
In no important branch Of business
is there yet apparent much disposition
10 expand. Distribution TO consumers
has been slow, and reductions in prices
have not brought a Renewal Of such buy
ing. Prices of commodities as a whole
are now at the lowest average ever
known.
Receipts of wheat continue heavy, O.
415,55S bushels for the week, against
1,542,517 last year, and have depressed
the prices, February delivery, to Tx
| cents, although what is nominally call
| ed acash price is ~ cents higher. Re-
ceipts since August have been so large
as TO indicate a much greater yield
| than has been estimated, but Atlantic
| exports are stimulated by lower prices,
for the past week, 1,S10,S04 bushels,
flour included, as against 1,3S3, 607 last
year.
Corn is cent lower for cash, western
receipts having been very large. Cotton
| again declined 4 cent. with large reali-
| cations reported, the sales aggregating
a million bales for the week
In almost all manufactured products
| declines continue though in some classes
| quotations are so irregular that the
| change cannot be accurately measured.
| Bessemer pig iron and Greyforge are a
| shade lower at Pittsburg and structural
beams and angles have been reduced
| to secure business, but new orders for
| products are comparatively small, and
| some furnaces in that region have been
| banked. The cast pipe business is ac-
tive here, but little is doing in rails.
Prices are steady at Philadelphia; plate
doing little better, but other branches
are dull.
Textile manufacturers fail as yet to
meet the demand expected, and prices
are generally weak, open reductions
averaging = per cent for cotton goods
and, since Jan. l, about per cent
Prices are now 10.2 per 1t above the
lowest point In 1898, but at the highest
point had risen % per cent. Not much
increase Of buying anwers TO these re-
ductions, and of some accumulated
| stocks are quite large. Dress goods
and blankets are in fair demand, but
mems woolens are both inactive and
much demoralized by competition among
makers, so that actual transactions in
many cases are 500 points below open
quotations. Sales Of wool for the week
were 80 per cent smaller than last year.
though for the month only 10 per cent,
| but 20 per cent smaller than in 1893
Prices do not decline, as the foreign
market remains strong.
Failures for the week have been $50
in the United States, against 800 last
year, and &c in Canada, against Sc last
year.
BRADSTREETS TRADE REVIEW.
New York, Feb. 21.-Bradstreet's to-
morrow will say:
While no radical improvement has
appeared in the general trade situa-
ton, more favorable influences are re-
ported than for some week. The drop
in the Temperature has affected the
movement Of dry goods, hats and gro
ceries most. No improv is shown
In demand for cotton and wooden goods.
The record Of declining quotatio be-
gan last week is continued for some va
rieties of cottons, and the tendency Of
quotations of wool is TO decline, and
prices of wheat, -four, corn, oats, pork,
lard and petroleum are lower. The
conspicuous advances are on coffee and
sugar, although leather is firm, after
the advance for hides a week ago.
Exports of wheat (f1our included as
wheat from both coasts of the United
States this week amount to 3,l49. 600
bushels, against 2,71S,000 last week: l.
S0S,000 in the week a year ago, and l.
100000 bushels two years ago. 2,596, 600
in the corresponding week of 1898, and
as compared with $780,, 900 in the like
week of 1892
Hardly less favorable than the i'm
provement in bank clearings is the sud
den drop in the total number of bust
ness failuers throughout the country,
that for the week being 276. against PSI
last week, 327 in the corresponding week
one year ago, 235 in the week two years
ago and 202 in the third week of Feb
ruary, 1898. There are fewer failures
also reported from the Dominion, IS
against 20 week ago, 50 in the CORES
ponding week a year ago, SO two years
ago and SO in the like week of 1898.
RANK CIEaRINGS.