The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-03-07

| Industries report Lower Range OF
Prices, Except Iron and Steel Products
Wool Declines on Failure of Tariff Ac-
tfon-Chanses In Prices of Breadstuffs
| Cnimportant-Busines Failures.
New York, March 6.-R- G. Dun & Co
weekly review of trade which issues
| tomorrow, will say:
The Cuban resolutions and the ap-
/ pointment OF receivers for the Balti-
more and Ohio were events of sufficient
| Importance to affect almost any genu-
| inc market. especially for securities.
1t, therefore. argued either remarka-
bic strength of conditions, or an entire
Yant of life and genuineness in the
market, that the price of the sixty
most important railroad stocks, which
/ averaged s49.74 per share February l,
! have never fallen since that late lower
than s49.3s, nor risen above $5O.S5 per
! share.
The industries all report a slightly
| lower range Of prices, except of iron
and steel products, and it is noteworthy
| that while the combinations in struct-
ural beams and wire cut nails are adj
yancing prices the quotation for Bes-
| semer pig has fallen to s1240 at Pitts
| burg and southern No. . is offered at
| s7.75 deliverable at Birmingham and
billets have sold at 81 at P&ttsburg.
The bar combination, which raised
| prices not long ago, finds an increas s.
ing part of the business absorbed by
/ outside works. The demand for no
| class of iron products is at this time
/ brisk but large structural business is
expected in the spring and there Is still
much hopefulness about railroad or
! ders, as earnings continue to improve.
Prices Of wool have declined, accord
ing to the quotations printed by Coates
| Bros, of Philadelphia, an average of
"a per cent within the month of Feb
ruary, presumably because of the fail
ure of the proposed tariff bill, which
! included duties on wool. At present
the sales are the smallest recorded for
many years, at the three chief markets
only 100000 pounds the past week,
| against ASS, 800 a year ago, and $780,
600 in 1892. The domestic holders are
still somewhat obstinate because pri-
ces abroad have been raised by the
London sales and il is believed that the
stocks Of domestic wool held here await
ing transactions are unusually large
There is no Improvement whatever in
the demand for wooden goods, and A
number of establishments have closed,
or reduced working force There Is
also a retarding effect from the further
reductions that have been made in
prices of cotton goods, although II does
not appear that the concessions have
thus far been successful In calling out
new business. Reports are frequent
that many of the largest mills are
about to stop production for time, in
order to give the market an opportuni-
ty TO clear itself.
Speculation in brea dstuffs has not
been particularly active, nor have the
changes in prices been important. West
ern receipts of wheat were all .333 bush
els. against 1,S2g 1923 for the same week
last year, having been in February
1,069, IA bushels, against 4,419,44S last
year. There is still an excess over
the movement of a year ago, though
not so great as appeared in February.
On the other hand, Atlantic exports
again fail behind those of last year,
amounting for the week to 1.491, 435 bush
els, flour included, against !, SS0,222 last
year. With continuing large receipts
corn remains ubstantially unchanged
in price.
The cotton market has continued SITS
downward movement, spots have fallen
three-sixteenths again and the May
option 20 pionts. The receipts continue,
as before. SO large as to render quite
inadmissabie the low estimates of the
crop of 1895 and at the same time the
preparations for planting this year go
on at such a scale that It is believed
by many conservative observers, that
the crop with favoring weather may
prove one Of the largest on record.
Failures for the week have been 2S5
in the United States. against 234 last
year, and 6S in Canada, against So last
year.
BRAJOST3 EET'S TRADE REVIEW.
New York. March 6.-Bradstreet's
viii say tomo-rov: The week began
relatively less favorable. but with the
change from high winds and extreme
cold which checked trading, TO milder
weather, increased purchases and
brighter prospects for business ap-
peared.
Unfavoraible conditions previously re-
ported are continued. but they are less
numerous than those pointing to i'm
provement. Conspicuous among them
is continued depression in the wool
en- and cotton goods manufacturing
industries. TRADE with manufacturers
in these lines is very dull, some cotton
mills running half time. Iron and
steel have had an unsatisfactory de-
mand and prices of billets and southern
pig are shaded. There are also re-
ductions in quotations for cotton,prin
cloths, petroleum, hides and for wheat
Indian corn and oats. Mercantile col
lections are generally unsatisfactory,
notably at Chicago, where there are
more complaints than for a year past
Exports of wheat. -four included as
wheat, from both coasts Of the United
States this week. amount 10 2,407 900
bushels. against 2,206. 900 last week, g.
272.0l0 in the first week Of March 1895
2.Sl5.000 bushels in the corresponding
week in 1894. 1884 900 in 1898, and as
compared with 3. 754. 600 in the like week
OF 1892. Exports of Indian corn are
2.775. 600 this week against 5. 1855. 900 bush
els last week, 49S, 900 bushels in the
corresponding week A year ago. 1947.-
COO bushels two years ago. and $4,000
bushels in the like week OF 1898.
Business failures throughout the
country number go this week, against
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