The Wichita daily eagle., 1897-03-06

Contipuance OF Speculative Buying of
Wool Against the Expected Rise In
Duties on That staple-Neus Abroad has
Print Cloths Shade Lower and Cotton
an Eighth Cent or Business Failures
and Some Things They Indicate.
| New York. March s.. C. Dun Cos
Weekly eI,view of Trade tomorrow viii
say:
The slow and gradual improvement OBJ
! served for some time has continued during
the pas week, and without material check.
There is a tstter demand for most products
on the whcle with continuance OF specuis-
| tive buying IL some. Notably in WOOL be-
cause OF expected duties.
Reports Of the probable need abroad have
helped speculation IN wheat somewhat. ana
| il has r:sen about cents, though the price
IS still lower than two weeks ago. Corn
is cent stronger. about the price OF two
weeks ago Western receipts OF wheat are
still small. l,5Ss.s2l bushels. against 2SaI.-
coo last year, and the Atlantic exports.
flour included. were for the week. 1,2s2. fis
bushels against l.Sil. .lS5 last year. but the
corn exports continue so heavy as 10 com
pensate largely. if not wholly. for any de,
crease IN wheat. amounting for the week
10 2.77s.s74 bushels. Gul ports not included.
against l.0i4.SS0 bushels last year reckon
ing half a bushel OF corn for one bushelt
OF wheat The grain supply OF other coun-
! tries continues much larger than z year
ago.
Cotton has declined an eighth snd with
good reason, for although receipts from,
plantations fall of. the decrease is not any
greater than the decrease in consumption,
owing 10 stoppsge OF mills. As there 10
comparatively little cotton available in thu
country. the market IS a very convenient
one for spectators to manipulate.
While many of the mills have stopped
production OF cotton goods FOR a time. the
recent outlook Is. on the whole, unchanged
and the demand for goods des Mt imprve.
while print clths are shade lower. The
mills accumulated stocks Far IN excess OF
| the actual demand during most Of the dull
ness and their enforced restriction az this
| time is merely paying a debt. The demand
for wool has diminished. though only 1t
tie. and sales are quite a third more than
the full consumption OF all mills. II all were
at work, but the speculative buying CON
weeks have covered 46.2ls.7oo pounds against
IS, or. 400 in the same weeks OF 1892 Western
holders are too stiff for eastern purchasers,
and the buying of domestic wool has slack
ened. Although some more mills have gone
into operation. the course of the market
has not favored great activity, but IL may
be said that for goods of the higher class
there is better demand than heretofore.
While the demand for BeSsemer pig iron
has sustained the recent advance 10 sl075
per ton at Pittsburg. and Grey Forge Is
still quoted al 50 10 there. and there is also
cutting OF prices 10 get business in finished
products, the general range of prices stiu
continues very low. There is less evidence
Of eastern mills selling rails below $20 ex-
cept for export. sales OF that character
having been made at SIS. Western makers
are said 10 be firm al 81 per ton. but tho
demands of most important railways have
been supplied for the present. The con-
sumers of billets are not In the market Just
now, but with somewhat larger product OF
pig iron II may be doubted whether. out
side Of rails. the demand for finished pro-
ducts equals the capacity of works.
Failures show but slight increase over
those Of 1896 or 1895, and but little decrease
compared with 1894. The feature OF special
dicated by the liabilities OF trading failures
in nearly every branch OF business. con-
trasted with the slight Increase OF liab!li
ties of manufacturing failures Failures
for the week have been 24s IN the United
States. against 2s5 last year. and 30 In jhe
Dominion. against IS last year.
BRADsTREETs TRADE REVIEW.
New York. March 5.-Bradstreet's tomor-
row will say:
The new administration. the certainty of
an extra session OF congress within fort.
night, and the promise Of new tariff al
an early day which shall provide adequate
revenue and protection. have done much
&c stimulate better feeling In trade cir,
cles and increase confidence In the near ap-
proach OF an improvement in business.
Favorable features are found in higher
prices for wheat. corn. pork. lard and spirit
OF turpcntine "a well as for steel bIlets.
Steel rails are fairly well filed with orders.
and IN some lines are inclined 10 advance
prices. Recent low quotations for various
forms OF .ron and steel have been with
drawn. notably for wire and structural ma
terisl. Confidence is expressed In al early
advance OF prices for tin and for shoes ant
leather. based or the activity IN hides. Quo
the week for lumber. .sshort rtRETOANSNI
;ations are firm and unchanged during the
week for lumber. wool print cloths. rosin.
petroleum, coffee steel rails snd BessemeT
pig iron. but there have been decreases fot
what, -four oats. sugar and cotton. General
trade has been intereferred with by high
water in the Ohio valley and snow Ia he
northwestern spring wheat states.
Experts of wheat. -four inciuded. from
both coasts OF the United States this week
amounted 10 2C75.fS5 bushels, compared
with 1.572o 90 bushels las; week Z4g7.9 bU.
in the week year ago. BIZ 90 bu. IN thq
week two years ago. 2EiOo bu- three
years aso. and as compared with 2.Es4 90
bu. IN the Ike week or 1890. Exports OF
Indian corn continue heavy, amounting &C
80 bushels this week. compared wi.h
4.74c,0 bu. last week. 2715.Dco bu. 81 ne
week year ago 80 90 bu n The Ike week
OF 1875. and 1870 bu. 81 fse9 and as con
pared with s7scl0 bu- n the corresDondlut
week OF It3
There are - business failures Throughout
the United States tNis week reported. CON
pared with rs last week. 20 N the week =
year ago. S2 In The week two years ago
and smaller totals = Ike weeks q TIE two
preceding yes-s. Th.s marks return 4
ratio % business failures 20 ths total Hu1-
oer in business more nsari % ths normal
There were s. b1siness failures IN Csnssa !
tais week. against - last week. - Ia ths
week = year age. aad = tao yssr8 ago
TIE WEATHER..
Wichita. Kan. March :. iz77.
Loczl forecast FOR wich.:a ard virin.iy- !