The Wichita daily eagle., 1897-12-11
ALL ARE STRONGER
THIS Is DUE's WORD ON THE
SPECULATIVE MARKErs.

Even BradstFeeys PuIis us race ou
the Broad Way As IL Surveys . General
Advance In Prices With Few Decreases
Big Decrease In Faiiures-
New York, Dec. 1o-R. 6. Dun & Co..
weekly review Of trade viii say tomor-
row:
The opening Of congress. with the an
| nlai message and reports, has not dis
! couraged business, as scre predicted
but all speculative markets are stronger
than a week ago TIE productive indus
tries, even in the season usually about
the duHest OF the year q. to new orders
met definite improvement IN demand
for important products, presumably the
fruit OF a prevailing conviction that new
business will begin 10 crowd the work.
after the new year starts. The outward
movement OF wheat and otsle, products
continues 50 heavy that foreign ex-
change has fallen q cent, and. instead
of the exports Of gold which have mark
ed December in recent years. imports
would come Il gold were wanted. Sc
curities are advancing With reason In
the increased earnings Of railways, ST.
0s5.s01 for November on reporting roads
in the United States, 1s.S per cent larger
than last year and 50 per cent larger
tnan in 1892. A striking comparison OF
five years shows that in each Of the hast
three months earnings have been grea: =
er than in any previous year. with q
larger increase in November than IN Oc-
tober or September.
TIE sudden rice in December wheat at
Chicago, TO sl.09 would do harm, were il
not based on avowed contracts to ship
some miilion. Of bushels TO Europe.
That fact and the continued foreign de-
mand, in spite Of such contracts, has
helped rise OF 1-2 cents here. West
ern receipts for the week were 5.79s.77I
bushels, against 3,se1,374 Bushels last
year, and Atlantic exports. including
-four. 4,612.137 bushels, against 2.975,651
bushels last year, and SO great IS the
foreign shortage that tie outgo OF corn
last year, far greater than ever before,
is again exceeded, 3,3l3.OsS bushels for
the week. against 3.055, 7sO bushels a year
ago. with the price nearly cent higher
for the week. The report that the vest
eTn supplies are running low i. discred-
tied by receipts from farms.
Cotton is sixteenth of a cent strong
er, in spite of estimates running from
100000 to 100000 bales by we'll
known authorities. A strike in English
mills is no longer tGheartened. and the
possibility Of one at Fall River ma. 1t
tie weight.
The demand for WOODEN goods has
clearly improved, and more wool has tust
been purchased abroad and is being i'm
ported, the sales in domestic markets
having been for the past week only q
$4,000 pounds at Boston and in two
weeks, u,05o. 400 pounds at the three
markets. While some grades have been
sold largely at prices lower than q
month ago, quotations are generally sus-
tanned. There is more demand for iron
and steel products in preparation 10.
railway work. bridges and buildings
next year, and on contracts for export.
including one for a government bridge
in Holland and others for bridges in
Japan, with large shipments of various
products to England and other CONN.,
tries. Foreign contracts for 40, 900 tons
OF rails are pending. In and abou, New
York, bridge and building contracts call
for $4,000 tons, and Chicago works are
figuring on numerous contracts for 5000
railway cars. The formation OF the
American Steel and Wire company is
expected to strengthen prices and cause
some buying. While Bessemer at SO
and Grey Forge at s9.15 are slightly low
er at Pittsburg. prices are stronger at
Chicago, and in all quarter. heavy busi-
ness is expected after The new year. A
sale OF lake copper, said to be 10000. 600
pounds, at II cents. SO strengthens the
demand that s10.s7 is bid, but tin and
lead are very dull and speiter a shade
lower, while future contracts for hin
plates have been made at $3.50 per 100
pounds.
ConneHsvile coke production Is 15i.10o
tons weekly. against IA, 900 ton. in Ne
vember. and no advance Is now expect
ed above S150 for furnace coke early
next year Anthracite coal IS weaker
and sells here at 1915 10 s3S5 tor stove.
Failures in ne first week Of December
were but s2.s17. 40; manufacturing sz3e,-
420. and trading S1.7s1.57o.
Failures for the week have been sl2 in
the United. against $50 last year, and g
in Canada, against 43 last year.
BRADsTREETS
New York. Dec. 10-Bradstreet's TO-
MORROW viii say:
Mid weather throughout most os the
country has inter erred 20 some extent
with the distrib.;ion o: winter weight
clothing and other sessonable goods and
trade from frs: hands Is ouie;er even
than last week. Johbers and retailers
however. report a steadily increasing
and in some regions very active business
in holiday goods. groceries and kindred
products E,e2c-ts from TIE south con-
time a. q whole very god, with es2e-
ciaily fsv0raeie accounts from New Or
leans. Atlanta, Nashville and me central
south.
Collections are as rule generally very
satisfactory, in spite % me low price for
cotton. Favorable reports come from
Kansas CIsy. s. Louis and St
Pa1l. N the GENITAL sest a15 northwest.
while Ire Pacific coas: notes a heavy In
crease IN The ;rade. present and con-sn-
gent. tSsEt upon eBlsrg-d Alaskan de-
nant- san Francisco reports the wheat
crop improved by recent rains. with con-
Se-vatiFs esei-ns tes pointing - yieid Os
So coo tons. General export trade on re
coast IS very reaYy. The p-ice situa.ioa
= ore OF sustained and even aggressive