The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-13

prove
Bradstreets Notes an Expanding Con-
sumptive Demand.
New York, March 12.-R. G. Dun &
Co.'S weekly review OF trade tomorrow
will say:
II Is curious illustration OF human
nature, This continued Encouragement,
even while the increase OF productive in
dustries and Of legitimate business stead
lily grows. No lasting or genuine improve
ment could come otherwise than slowly
and step by step. after such depression
as the past four years have witnessed,
uation is that the gain is now nearly de-
void OF elements which involve unsound-
ness and probable reaction. The first
toward prosperity is to get the wheels
started and the hands employed, and the
number OF works which have resumed
or increased force during the past week
seems greater than in any other week
since November. While the start has
been secured in many places by contract
at extreme low prices. involving some re-
duction Of wages, the hands are earning
more. even so, and aid more The general
recovery than if not working al al, and
thus far important strikes have been
avoided in many cases, though some are
still threatened.
The money markets continued especial
~ favorable TO industrial recovery. and
there is no such speculative epidemic as
to lock up an excessive share OF availa-
bic capital.
The annual statements Of wheat in
farmers hands, since March l, have not
in the least stimulated speculation. Those
commonly worthy Of attention indicate
that formers and commercial supplies,
together aggregating 196. 900 TO 206.-
000, 900 bushels, exceed the output esti
mate Of home demand, 10000. 900 bushels
to July l. by much more than the guam
tity likely to be wanted for export, in
view of the continued outgo Of corn,
amounting for the past two weeks 10
1894, sSS bushels, against 1851, AS bushels
las. year.
Wheat exports from Atlantic ports in
two weeks have been 2.f31,71 bushels.
against 2.921.097 bushels last year, and
although western receipts are but 3,45l,-
1863 bushels for the two weeks, against
4,567.S92 last year. they are still so large
for the season as to discredit alarms
about speedy exhaustion of the supply.
The price has declined 3ia cents for the
week, and corn is also a fraction lower.
Cotton is not active. though sixteenth
of cent higher, for the curtailmeat OF
consumption by many mills does not yet
help prices in the least, and dealers so
generally hold back orders for other
goods that the tone is weak.
The speculate in WOO, continues and
sales for the two weeks have been H.,
903. 900 pounds, of which 9.s12,700 pounds
were domestic, whereas the largest pre-
vious sales for the same period were r.
017,616 pounds in 1892, OF which $3.50, 426
were domestic.
While there is much trade between deal
ers, manufacturers show by purchasing
far beyond their present wants +he be-
lief that large business is coming.
Iron furnaces March l were producing
169, $50 tons weekly. 1927 tons. or 4 per
cent, more than February l. and al
though visible stocks have increased 3d.
024 tons in four weeks, still more furnaces
have started this month. The demand
for finished products still lage behind the
supply Of pig iron except in the great
steel works, where stocks are not report
ed. but their orders without doubt cover
full production for several months. Bes-
semer pig is a shade lower, but no othsr
change in quotations appear. and there
is a gradual increase in the demand for
plates sheets and all the wire family OF
products. With the advent OF spring
weather and outdoor work much more
business is expected.
The starting OF the Maryland rail
works under contract with the Carnegie
company, IN order to make shipments by
water more cheaply, Is significant
Failures in the United States have been
25S against 300 last year. and 81 in Can
ada, against 81 last year.
BRADSTREET'S TRADE REVIEW.
New York. March 12-Bradstreet's to-
morrow will say:
Continued activity in various industrial
lines. based on an expanding consum2-
tive demand. fairly steady prices for sta
pies. further Improvement in railway
earnings and widespread confidence that
the volume OF business Will expand ma
teriaIIy in the near future constitute the
trade features OF the week. Spring de-
mand has begun TO show Itself with re-
taileTs. There is a better demand for
shoes, hats and clothing and <Or light
hardware and agricultural implements
west and southwest
Industrial revival has been offset In
some instances by the c.osing o: mills and
factories. and in others By the continued
operation dependent upon paying reduced
wages.
Offerings OF cotton goods have been in
excess OF demand, Notwithstanding the
curtailment o. output Wool continues
active ard firm in price. but nauufac-
turers are buying sparingly. The central
west and northwest report that the dis
tribut.oa OF general MERCHANDISE was IN
terruptei by foods and wasaouts.
Prices have been fairly steady. note
worthy decreases being those FOR tea
sugar, oofTee. lard. and wheat The drop
IN the price OF wheat, IN rne face OF tae
remarkably bullish report
on stocks % wheat in farmers hands. |
indicates continued lack o. faith IN ayr
cultural department ou;zivings a. 10 the
s.zs OF crops and stocks Of the same
Exports OF wnea; from both coasts C |
the United States this week (hour inciui- |
I'd as Ehsao amount % only 1-5ss,ss2 !
bushels, against 2.V75.1oo buz3els last |
week, 2.4eI.o0o bushes in the week a |
year ago. 2.27i 60 bushes n ne week |
two years ago. :. 90. 90 bushels three /
years ago. and as compared Win assoc |
bushels IN the Ike period ot 1889. and /