The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-02-08
ALTERS THE FACE
WHAT THE TRADE REVIEWS FIND
IN THE BOND ISSUE

Enthusiastically anu tEo TfeolcJlon Is
Made of a Revival of Investments by
Foreigners-Readings OF the Business
ble-Bradstreet's Figures Some on Both
sides of the Bond characterization In the
Metals, Textiles and Cereals-FaiIures.
New York, Feb. Z-R. C. Dun & Co.'S
weekly review of trade, which issues
tomorrow, will say:
The wonderful success Of the popular
loan alters the face Of events. Ihe IN
aaAace of this event upon all manufac-
turing and al trade cannot be lightly es-
itimated. 1t strips the silver agitation
Of all its power to hurt IL puts the
treasury on a safe basis for a time,
whether congress does anything useful
or not. 1t notifies foreign nations that
the United States has power as well as
purposes. 1t unlocks millions Of gold
which have been gathered in prepare
ton. brings directly several millions in
gold from Europe and stimulates the
anxiety Of foreign investors 10 obtain
American securities.
With such a revolution in business
suddenly affected the customary rec
ords of the past week and month are
of less value than usual. But there
have been signs Of improvement in the
iron manufacture, although the average
Of prices is nearly l per cent lower this
week, for orders have been booked for
nearly 900, 900 tons forails this year,
against total deliveries in 1895 of 1000
600 tons. and orders for wire nails are
tod hxya 1aa To n "a
price again on March 1. There is also
a more active demand for plates and
sheets. Southern competition lower
coke iron at Chicago and prevents adj
vance at the east, while sales Of last
years spectators in the Pittsburg re-
giOns still depress bessemer. The ore
is expected to fix the price for the year
= $500, or possibly $3.50, and the coke
pool still reduces the output. Specula-
ton has raised copper TO 10Jz cents,
with sales Of 100000 pounds. and tin
TO 1872 cents, and lead to $310, with
large exports Of Mexican.
Sales Of wool have been 4,566, 200
pounds. against 1872, $50 last year and
6,656.-I5 in 1893, and with reported re-
duction in clay wOrsted and mixtures.
The orders for other wooden goods are
still unusually delayed. 1t is also re-
ported that cancellations in carpets
have been unusually numerous since
January l. The cotton mills continue
generally active, though talk of de-
creasing production still continues.
Print cloths do not rise above pa cents,
and some goods tend lower.
SpeCula ton in wheat has again lifted
prices, although western receipts have
been 2S0O. 1907 bushels for the week, as
against 792, 81 last year, and for the
year thus far 15,067 $50 bushels against
S,039, 1913 last year. Atlantic exports
have been increasing, though not in the
same proportion, amounting for the
week, flour included, to ], 965, $50 bushels,
against ASS 255 last year. The spec
ulative market has been largely in
huenoed by Tumors of injury to the
coming crop and by foreign dGvices, and
prices advanced 314 cents for cash and
2a cents for Ma. Corn has been COM
para lively steady.
Cotton IS particularly unchanged, re-
ceipts continuing to accord with yield
of about 100000 bales for 1895.
Failures for the week have been 323
in the United States, against PSI last
Se5T, and sixty-three in Canada against
nfty-eight last year.
BRADSTREET'S TRADE REVIEW.
New York, Feb. 7.-Bradstreets to-
morrow viii say General trade waited
the result Of subscriptions to the bond
issue, and the sentimental effects of the
unexpected favorable outcome have
been for easier money and improve
ment. Additional firmness of prices,
sustained demand for iron and steel,
ard the announcement from St. Paul,
milwaukee, Omaha. and Des AIoines OF
q revival in business with j0bbers in
staple lines. AT the east. Baltimore
snd Pittsburg report favorable trade
conditions. At the south, gains in the
wholesale lines are announced from
Nashville, Memphis, Atlanta and Biz
mingham.
The reverse includes the depressing
Influences Of stormy and wet weather,
indifference Of consumers Of domst.c
wooden dress goods; renewed sales OF
print cloths and other makes of cotton
goods only after a reaction in prices,
continuance of extreme conservatism in
all lines and the fact that the relief 10
the treasury by the heavy over-sub-
scriptiOn 10 the bond issue, in the alb
sence Of sound currency legislation by
congress, viii probably prove only a
temporary device to maintain the gold
reserve. General trade at Chicago,
St Louis, Buffalo and Philadelphia
shows no real gains from the preceding
week, when the situation was quiet,
even 10 dullneSs. and the outlook un-
satisfactory.
EXpC-+S OF wheat flour included as
wheaO from both coasts of the United
States, this week. amount TO 2,097 900
bushels, against 2.55O000 last week. p
02o.oO0 in the week a year ago, 2.61S. 900
in the week two years ago and 23 .931 900
in the first week of February. 1895. Ex-
ports Of Indian corn this week amount
to 2,222 900 bushels, a trifie more than
last week, three times the quantity in
the like week last year; more than
twice the quantity exported in the cor
responding Week Of 1894 and more than
six times the amount shipped out Of the
country in the first week Of February.
1888.
throughout the United States. as re-
ported 20 Bradstreet's. is considerably
smaller this week, 53S, as contrasted
with 392 last week. 2SS in the week one
year ago, $50 in the first week Of Feb-
ruary, 1894, 22S in 1898, and PA in 1892
The long list OF business failures re-
ported from the Canadian dominion last
week is practically repeated, with a to-
Ia of 90 compared with 6S week ago,
d IN the week = year ago. SO Two years
ago.
RANK CLEAEINGS
New York, Feb. The following table.
com Ilttl by Bra fls--aa.-s s,---,,-- =, -o-,T