The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-27

lively Dyspeptic View of Things-Busi-
ness Failures Decrease.
New York, March 26.-R. c. Dun &
| Co.'S weekly review of trade tomorrow
will say:
Rarely have markets sustained such
| surprises as they have received of late
| with so little loss. Foreign conditions
and London alarms, the collapse of the
iron ore combination, the destructive
floods in the Mississippi valley and the
| decision CT the supreme court against
| railway associations have been used to
the utmost, bat not even in railroads
! has the result been important. Were all
associations Of railroads to cease it
would YET be in the power OF capital
controlling important lines TO stop Sc
r.ous rate-cutting X il chose. With con-
fidence that better times and larger bus
mess are coming, men are less disposed
every day 20 throw away good invest
ments and the very fact that prices Of
products are low is regarded as a guar
antee against much further decline. In
ali industries, also, the number Of mills
and shops and hands az work gradu-
ally increases.
The grain markets have lost without
reoson the gains they made without rea-
son the previous week. Wheat supplies
are running out, but nobody believes
that there is coming a famine before
June, when the harvesting OF southern
wheat viii begin. Western receipts were
over third smaller than last year, and
for four weeks have been 1911, 440 bush
els. against 1854, POS last year. but the
better prospect for the crop Of winter
wheat has more weight. Atlantic eX-
ports, flour included. were nearly as
large for the week as last year, and for
four weeks have been 5.099, 72s bushels,
against 5,504,22o last year. But corn ex-
ports have been 12,763,579 bushels,
against 4,557,s09 last year. When Eu-
rope buys, in corn, the equivalent of g.
400, 900 bushels Of wheat, at less than
SO cents, the price of wehat is not costly
advanced above so cents.
Cotton was helped upward an eighth
by the flood, but lost half OF the gain,
although manufacturing is more plenti-
were in better demand and sales of
SEQ, 900 pieces print cloths resulted in
stronger tone.
Final dissolution of the lake iron ore
has been expected ever since the Carne-
ie-Rockefeller deal. and insures low
prices for ore the coming year, though
perhaps not lower than in 1895. Mesaba
facilities for production have vastly in
creased and all the great steel-mal1ing
concerns have secured mines Of their
own, while means of transportation have
greatly enlarged. With assurance of
cheap ere, hesitation about various pro-
ducts should diminish, and the demand
is steadily increasing. Bars are still de-
moralized and at the lowest point, but
for plates, sheets, wire rods, and wire
and all nails, the demand is growing
larger. although some free speculative
purchases are offered below the present
Prices OF mills. Tin IS a shade lower,
with larger arrivals, though the distri-
button has been considerable and lead
Is decidedly stronger at 347 cents, but
copper is weak at HIS cents. Increase
in coke productions appear and more IS
assured by the purchase of works by
the Cambria company, and, while quota
tons are unchanged, outsiders are offer
ing furnace at S1.70 per ton.
Speculation in wool has recorded larg-
e. sales for the four weeks than ever
before, 1865 800 pounds. against 21.9si,-
57S pounds in the same week of 1892.
Much more than half is for speculation.
as nothing like the full capacity of mills
IL = =
lily increasing. but cautiously. as ii is
too early to anticipate results from the
changes which may be made in duties.
Failures for the week have been 291
in the United Staes. against $50 last
year, and so in Canada, against SO last
Year.
BRADSTREETS REVIEW.
New York, March % -Bradstreet's TO-
morrow will say:
While the week is not without favor
able features. unfavorable influences
have been more numerous. Leading
mGnev markets show no improvement.
Mercantile collections continue slow, as
heretofore. and the volume of funds Of
fercd is in excess Of demands for dis
counts The tendency of investments 10
improve has temporarily disappeared IN
der the influence of the supreme courts
antitrust decision, which apparently
threatens arrangements for the main
tenance of railway rates, as well as rail
way trades union activity, so far as il
may effect interstate commerce.
The tendency OF prices IS downward.
quotations being lower for wheat. Indian
corn, oats. coffee. cotton. and for pig
iron and steel biilets on the outlook for
lower prices of ore. Staples for which
prices are higher include WOO. raw su-
gar, wheat -four, petroleum linseed oil
and turpentine. Open sales OF copper
al recently privately cut quotations are
due TO disappointment in the demand.
Stormy weather. high water, foods in
the Ohio. Mississippi and Missouri riv-
er valleys. and IN the country drained
by tributary streams. have interfered
with interior trade, and IN addition 20
loss Of life, have damaged country roads,
houses, farms, bridges, telegraph lines.
and railway tracks.
The gradual increase IN the number
of industrial strikes is the outcome OF a
movement, 10 secure higher wages. and
in many instances moderate advances
have been obtained
Recent activity in raw wool continues.
and the prospect for an increased tariff
on imported wool causes more concerns
TO purchase American goods more free
ly. The movement Of cottoHs i not up
TO expectations and in soma lines is dis
appointing. The most noticeable i'm
provement in trade IS confined - dry
goods. hardware. leather. agricultural
implements and shoes.