The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-17
ROADS ARE BETTER
rs THE FIEST BUSINESS FEATURE
PRADsTRBEl'S NOTICES.


No Sign OF Trade Revival In the Flooded
Resions-Dry Goods Demand S,ow-Iron
/ TerIs Weaker-Week's Advances and
| Declines Grain Movement Failures
Decrease Bradstree:s Financial Review
| New York. April 16.-Bradssreet's to-
morrow viii say:
The mos, conspicuous improvement. in
trade conditions this week is in the wes-
| Their throughout the central western and
f, northwestern states, where country
| roadways are more passable. There IS a
better demand for building materials,
particularly lumber. II staple lines there
s more active request. a. Portland.
Or; Minneapolis, s.. Paul, Kansas City.
and Atlanta, pointing 20 irregularity OF
the tendency 20 recover. Jobbers at
Chicago, ST. Louis. Omaha. Cincinnati
and Chattanooga report trade slow, but
That demand is decreased. There is no
s.gn OF trade revival in the flooded re-
gons. where thed anger point has mov-
ed southwark. II the water recedes by
Nay Is, ons-half Of the cotton crop may
De raised in Arkansas and Mississippi
this year, but the outlook is not promis-
ing.
Demand for dry goods Is slow, and
some manufacturers remain at work
without profit, as the lesser OF the two
evils. Demand for wool Is checked. as
t.r- L
wooiens are as astive as before. Shoe
manufacturers are working full time.
Iron and steel continue disappointing.
with lower prices for Bessemer pig and
and for billsts, few. If any new orders,
and a tendency 10 weakness rather than
the reverse.
A reverse movement is noted in prices
for staples. those for wheat, -four. Indian
corn, pork, lard, coffee, cotton and wool
ems having advanced. Lower quotations
are reported for sugar. petroleum and
naval stores, in addition to iron and
steel.
Exports OF wheat (four included as
wheao included one day less this week
than usual The total from both coasts
and from st, John y. b, is 1.SH,OoO
bushels for five days. compared with p
036.000 bushels in six days OF the pre-
ceding week, 2.O17,0Oo bushels in the
week a year ago. 3.165.000 bushels two
years ago. 3.O1e.0O0 bushels three years
ago, and as compared with 3,s6i.0OO
bushels in the like week OF 1898.
Total shipments of corn, amounting 10
2.32S,4S5 bushels this week, from the
smallest weekly aggregate in the current
calendar year. The corresponding total
last week was 4,645. 900 bushels; IN the
second week Of April. 1896, is was 1915
900 bushels; in 1895, 1880 bushels; 2,04o.-
600 bushels in 1894. and 6e4 900 bushels in
the corresponding week of 1898.
There is a marked decrease in the to-
tai number of business failures through
out the United States. the total. l95 this
week, being compared with go last week.
pa in the week year ago. 30 two years
ago, 212 in the corresponding week or
1894, and as compared With 217 in the
second week OF April, 1898, just before
the panic.
The total number OF business failures
throughout the Canadian Dominion is 80
this week, against 80 last week, "a in the
week a year ago and % two years ago.
Bank clearings at Winnipeg, Hamilton,
Toronto. Montreal and Halifax amount
TO s19744.000 this week. compared with
So, S43. 600 last week, and Sl9155,oo0 in
the week a year ago.
BRADSTREETS FINANCIAL REVIEW.
New York. April 1s.-Bradstreet's tomor-
row will say OF the weeks business on the
Stock Exchange:
Interest in the market for the past week
has depended entirely on professional ma
nipulation in a few stocks. principally in
American Sugar and Chicago Gas Two
important conference.-the announcement
of the New York Central refunding plan
and the closing of the deal by which the
Morgan interests assume control of the Le-
high Valley-stImulate the market tenn
porar.ly, but had no permanent effect. Pub
lie interest is at a standstill. and one DIS
advantageous circumstance which the spec
ulation had to contend with was the re-
newed bearishness Of London. resulting in
heavy selling from that quarter at the end
Of the week. This was partly due ito the
nervousness OF operators in the foreign
markets. in view OF the extended Easter
holiday recess which IS taken here, and 10
the Eastern situation. The weakness OF
Ksfir mining stocks, and reports that
prominent operators in that field have be-
come involved also influenced London. and
indirectly had had effect here Commits
sion brokers are idle, ard transactions for
the most part represent the activity OF
board room traders or OF a few leading
nanipuia tors. The market closed weak
on Thursday evening preparatory 20 the
customary Good Friday recess OF the stock
exchangel. with London. as already de-
scribed. a considerable seller.
Ne York Central was strong early IN
the week on the expectation OF the refund
ing plan The other Vanderbilt stocks
we're comparatively quiet. but firm. One
Of the features OF the week was the heavy
sailing OF the new Reading common. TIE
price OF which dropped from u TO "a Per
cent. Il vas understood that long stocks
came out and that holders who acquired
these shares in exchange for the Old pre-
ference income rnoods are generally Dis
posed 70 Iiquidate. II was noticeable that
TIE rev Rssdinng preferred stocks were
comparatively firm. Supper, appeared n
ali the coal stocks concurrentiy with fhs
armour cement that the papers Transferring
control OF the Lehigh Valley 70 thee Asssrs
Drexel & Co. had been executed All tAst
NJ. Morgan is expected 70 place new L.
high VALLEY loan IN London
Chicago Gas was extremely actiys- y
was supported by The inside party. sut
advanced to 81. per cent on iniimations
nat the isw permitting the companies %
consolidate IS certain 10 pass the Il,inois
legislature. THIS was followed by a de-
citsd bear raid basel OF the Introduction
OF q measure 20 REFUGE the price o, gas con
sgu1sd By the municipality OF Chicago 70 9
cents Per 100 feet. The general iapess-