The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-27
MUST CONE SLOWLY
THIS rs ONE OF TIE CONDITIONS
OF GENUINE IMPROVEMENT.
Dun's Says SO, and Points Out That, Though
Effects OF the Steel Rail- Movements of
the Past Few Weeks Upon Distribution
Improvement In Cotton and Toolen In
dustries, both in Prices and Operations
-Bradstreet's on Dist Weeks
List OF Business Failures.

dustries, 10th in Prices and Operations
-Bradstreets on Distribution-week' 3
List OF Business Failures.
New York. Feb. es.-R. G. Dun & Co.'S
Weekly Review OF Trade tomorrow VII
says:
Genuine improvement in business does
not come with rush. ike the breaking OF
dam. The growth for some weeks past
has been more encouraging, because In
pearly all ines it has been gradual and mod
erate. The rupture of the steel rail and
ether combinations IN the iron business
has brought out a vast quantity of trade
which has been held back, and has set
many thousand men a. work, while the
slow but steady gain in other great indus
tries has given employment 10 many thous-
ends more, but the full effects viii not ap-
pear until increased purchases BY all these
swell the distribution OF goods Meanwhile
II was substantial ground for confidence
that months wb.ch were regarded by many
in the money market with serious appre-
tensions have passed without disturbance
and with steady gain in the position of the
country. and OF the treasury
The breaking OF bonds which have restric
ted many branches of the iron industry has
been followed by an enormous increase in
demand, and in orders cooked, and by the
starting of many works Nothing is set
tied yet about the price of Lake Erie for
the coming season, but some expect for
Mesaba the price of 1895, while others ex-
pect lower price. The rapid increase in
coke output in the Connellsville region,
which is now over 10000 tons, gives pros
poets OF moderate cost for fuel, and the
addition of important furnaces to the pro-
ducinS capacity prevents a large rise in
Bessemer pig, which has nevertheless ad-
vanced 10 cents at Pittsburg with increas>
ing demand Purchases CT rails. estima ted
a one million tons within two weeks, where
as the production last year was 1.102 Sc
tons and the sales said to be only 500. 900.
insure employment for the works far ahead
and eastern works are taking desirable con
tracts a, SIS per ton. Bars are unchanged,
but orders for 800 cars by one railway, with
numerous others. increase the demand, and
plates are required for two great elevators
az Chicago. Important contracts for ex-
port continue and American makers under
sell foreigners in tin plate be 20 cents, and
are selling cotton ties below 20 cents. for
which $40 was charged by importers a
year ago.
With less rap:dity. but yet steadily. other
Industries are gaining. Although brown i
yard sheetings are lsc lower and print cloth
1-16c lower, it is found that several cotton
mills have started. not covered by the re-
str;ct:on as TO print cloths works which is
carried out. Increasing demand has also
started quite number of wooden mills. in
GLIDING many making dress goods and no.
siery. The demand for mems woolens IS
also somewhat better. and especially for
heavy weights. and there are improving
sales of better quantities. Sales OF wool
Rave been 3s.s17,20o pounds in four weeks.
against .. 366, 500 pounds in the largest pre-
vIous year, 1892. and the great establish
ments are believed 10 have supplied their
possible wants for some months ahead, a
single purchase og 100000 pounds South
American cross-bred being the most I'm
portant noted this week
Wheat enjoyed a brief rise, then dropped
over cents and closed 2s.c lower for the
week. While western receipts ar 40 per
cent smaller than last year for the past
four weeks. Atlantic exports flour includ-
ed) IN the same weeks have been $40. As
exports OF corn have been ss35. So bushels.
against z195. 2S2 last year. The increase IN
corn more than makes up in foreign con-
sumption forthe decrease in wheat.
Cotton rose 3-16c. though without material
change IN movement. Better reports OF
manufacturing in England and starting Of
some mills have give hope Of better demand
Failures for the week have been 26 IN
81 ne Ia
and so In Canada. against IS last year.
BRADSTREET's FINANCIAL REVIEW.
New ork, Feb. 2s-Bradstreet's tomorrow
Will say:
The placing Of orders for nearly 1,501. 90
tons of steel within the past three weeks Is
the most important influence for improve
ment in general trade since the November
election. The contracts for steel rails,
taken since the break in the price, together
with expenditures necessary TO lay the rails
means the placing in circulation of no less
than s35.0ooO00. The meaning OF sales OF
rails for export has ben exaggerated. a.
some orders placed abroad were due 10
English mills being temporarily engaged on
other forms OF steel.
The rush for nails appears to be about
over. and the outlook is for higher prices.
Consumption OF Bessemer pig iron Is in
excess of production, and wire and wire
nail mills are running full time Many
wooden mills in New England have started
up. Manufacturers are buying in expec-
tation OF duty being placed on raw woo,.
Recent Improvement in cotton goods Is
maintained.
Al most cities there has been no change
IN tie volume or temper OF trade. Demand
has been quiet. and while expectations IA
vor- an early improvement. progress thus
far has been somewhat Disappointing. The
most marked gains are at Chicago and S..
Louis. where visiting merchants have made
relatively heavy purchases Of dry goods.
clothing and groceries Jobbers at Cleve-
land. Cincinnati Milwaukee and Louisville
in some instances. regard the outlook as
more favorable.
CnfavorabIe weather on the South At
lantic coast and a. the northwest has inter
ruptei business. and reports from Calves
ton and Nashville are that the movement
OF merchandise has been disappointing
Exports OF wheat CAour included as wheat
from both coasts OF the United States this
week lore holiday and from s.. Johns. -.
z. have fallen OF sharply. the total amount
ing TO I5721ls bushels. the smallest Ike
total since ire last week IN April. 1875. com
pared with e.13a.coo bushels last week. >
% 90 bushels II the last week OF February
1885: $50 90 bushels II the corresponding
week OF 1855. zs72.o,o bushels in Ire Ike
week OF isa4. and as contFzste1 with al.
% bushels n a similar period OF ISe.
Exports or com amount 20 i.7siooo bush
els this week. compared with s-t4I.loo bush
els last week, 2I5sOo bushels Il the Ike
week last ysa-. $500 bushels n The week
two years ago; I.ZZ7.ooo bushes thTse yeas
azo. and as coatrzsrei With l.a7s.510 bush
els in he like week % issG
There are - husi-ess failures reported
Throughout the United States tbs week.
compared With - as Eeek. - IN TIE week
one year ago, - in ths last week - Feo
r-z-y. -ss5: - II tie corresponding week