The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-01
HOPE NOT REALIZED
TRADE SITUATION Is THE VICTIM
OF CIRCUMSTANCES.

tion-Moderats Reaction In Prices Of
Staples.
New York, April 30.-R. G. DUN & Cos
weekly review Of trade tomorrow will
say:
In spite Of the moderate improvement
in most Of the great industries, business
is disappointing. Expectations OF a
speedy end of the war in Europe through
Turkish victory have helped TO depress
grain. Demands of Austria and China
have caused exports Of $500, coo gold.
merchandise imports are greatly increas-
ed and final action OF congress on the
revenue question seems more remote.
Wheat rose last Saturday nearly two
cents, but has fallen since that day
about five cents. This is largely because
Europeanmarket did not sustain the ex-
pectations OF a great foreign demand
after the outbreak of war, and because
events appeared 70 foresnadow speedy
peace, but the tidings from wheat-grow-
ing states, the receipts from farms and
the enormous exports of corn, all had
influence.
Corn exports have been 1905, 600
bushels in four weeks, against 4,44S,609
last year while Atlantic exports of wheat
in the same week, -four include, have
been only 4,231,34s bushels, against A.
597, 215 bushels last year. Nor is this sur
prising, fir, if in use two bushels of corn
only equal one bushel OF wheat, two
busnel OF corn would cost about go cents.
and the one one bushel of wehat nearly
so cents. Western receipts have been re-
duced, perhaps in part by floods and in
terruption Of traffic.
The cotton market has advanced q
quarter Of cent, owing mainly TO a
specula tive impulse from England.
The exports OF gold would not have
much Influence if there were not an ex
traordnary increase in merchandise in
ports, and some decrease in the exports
from New York, large for the last week
and per cent for April. Imports have
increased about so per cent over last
year for the week and for four weeks
have been 80 per cent greater. At Bos-
ton, imports OF wool have been extraor-
binary, and at Philadelphia they have
amounted for the month 10 SIPS, 600.
The thought that this abnormal increase
may continue as long as action on the
tariff bill is deferred tends to affect ex-
change, butst the main influence at pres
en. is the exceptional demand for recon-
structlon of the Austrian monetary sys-
tenn. and for Japan.
o. the great industries, the iron and
st@sl manufacture is slow in advancing
now, as il was much the quicker in the
winter, partly because the increase in
production of pig iron was then too rapid
parity because enormous contracts taken
when the different pools broke down
went mainly to the larger concerns, and
perhaps even more because there is
greater hesitation now in placing orders.
Reports Of pending negotiations between
the illinois Steel and Minnesota Iron
companies point 10 an important change
as possible. Prices of Mesaba ore have
rot yet been established, though ore bet
ter than Fayai has been sold at 1928 10
s2.43. and pig is better. Bessemer is at
50. 80. with one sale of 1000 tons for 1885
a, Pittsburg, and Grey Forge at $3.50.
Nails are about 5 cents per key lower,
and in cents per box, and eastern quo
taI.ons are frequently shaded to secure
business. A heavy sale OF lake copper
is reported at IL cents and lead is a tri-
fle weaker.
There is more business in cotton and
wooden goods and a little better tone of
prices, some cotton and some wooden
goods having slightly advanced without
general change. The mills are rather
better employed. and the demand is ap-
parentiy increasing, though not enough
In wool to induce manufacturers to pur-
chase. But Imports have been enormous;
If current reports are not in error, more
than 0.0Co, 900 pounds in April alone,
Philadelphia having received over s..
600, 900 pounds in four weeks, New York
over "a ,000, 900, and Boston apparently
over 5000, 600 pounds. Sales for the
past four months have been $50. 302. $50
pounds, including 81 $4,000 pounds do
mestic, and for the whole year 451,s92.-
sS1, including 213.352.s31 pounds domes-
tic, but in 1925 sales were sos. 646S55
pounds.
Failures for the week have been 237 in
,he United States. against 23s last year,
and 30 in Canada. against 81 last year.
BRADSTREET'S REVIEW.
New York, April 3o.-Bradstreet's TO-
morrow Will say:
The more conspicuous features Of trade
are 'ess satisfactory. including moderate
reactions in prices of staples, falling off
in the volume Of transactions in various
lines, continued slow collections and less
favorable conditions in the iron, steel.
cotton and some other industries.
There is less demand FOR staple varieties
OF iron and steel. makers reporting trou-
bic in securing specifications for con-
tracts or hand. Southern pig iron has
secured lower rail rates 10 points west o.
Pittsburg and Buffao, al OF which saw
ing has been given the purchaser. The
outlook is for the shutting down OF some
furnaces in the Pitts5urg district. Sales
Of wool have declined sharply. but ~
ceipts OF foreign have brought up the
weeks movement; 10 fair total. Nearly
a years supply has been imported during
the first four months OF this year. The
movement OF cotton goods IS slow, and
prices are low. purchasers buying in la.>
lots emily where Inducements are offer d
WOODEN manufacturers are fairly supplied
with orders and inclined 10 ask al IN
crease in advance on new business. The
t,,rse months restrictions % output in
Cotton goods has ended. and mills are nov
ruI. OF full force The price movement
furnished little bass :ir special engage
,re.L the only advance 81 general recCs-
nizs6 conditions berg those OF pork AMI
cotton and higher priSes for woo.sn as an
efoIl 10 anticipate ne tariff
Exeo-.s OF wheat u- included as