The Wichita daily eagle., 1897-12-18
GOOD TINE is HERE
NOTHING SAID ABOUT 105TLooKS"
AND sPRoSPEgeS" ANY MORE.

Sufficient Unto the Week ss ,he Prosperit.
Thereof-Bu.iness Surprisingly Larg'
for the Time of Year Payment
Through Banks In Excess of 1892, tn
Banner Year Exports Ahead of Any
thing Ever Knowu-Fsiiures Smallest
in.Five Years-Bradstreet's Analyses thu
Retail Situation.
New York, Dec 17-R. G. Dun & CO.:
weekly review of trade viii says in il!
| issue OF tomorrow:
| Close 10 it's annual holiday and halt
| the business Of the year is surprisingly
large. Payments through banks are
again 2.5 per cent larger than in 1892
heretofore the year Of greatest prosper
ity; the production OF cottons and wool
ems and boots ani shoes is larger than
ever before, exports eclipse all pas,
records, and failures for two weeks have
been the smallest for corresponding
weeks in five years.
The treasury receipts show steady
increase for the first half Of December
over previous months, both in customs
and internal revenue, and heavy pay
ments TO c1e government OF Union Pa
cific account caused but slight strin-
gency in money markets, with prepara-
tions for large cancellation Of bonds.
The most weighty news Of the week is
the rise Of merchandise exports in No
vembef to s116, $50, ,29o, the excess Of ex-
ports in four months being s220, PIP, 401
while in the half Of December, exports
are nearly as large and imports $500, 900
smaller than last year, when the excess
of exports was SIS, POS, ,3eS. Probably all
records are surpassed by exports for
this year, which have been 1914, ,6o0, 900 in
eleven months, and the excess over iul-
ports in five months has probably ex-
ceeded s2SS, ,o00, 900.
The output OF pig iron December 1,
was the greatest ever known, 226, ,024
tons, against 213,159 tons November 1,
1896, and 217,306 tons IN November, 1895,
the highest point heretofore. Unsold
stocks also decreased in November 49,
So tons, indicating consumption of
about 230, 900 tons weekly during the
month. Bessener declined on account
Of such production 10 cents and Grey
Forge 25 cents at Pittsburg. The de-
m9nd was on the whole greater and un-
usual structural contracts for the sea-
son were placed, with sales OF 10000
tons steel rails at New York, and the
largest orders ever booked by the Hi
nois Steel company, it is said, unexpect-
edly heavy business in plates. Much
buying also resulted from expecta ton of
the wire consolidation, including $4,000
tons Bessener and 80, 900 tons oillets at
Pittsburg. No reaction comes in cop
per, and exports for the month are es-
slightly stronger. Coke production was
154925 tons, with contracts making for
the coming year at $50 and anthracite
coal was weaker at 1915 here.
Wheat is just now the backbone OF
foreign relations, and Atlantic exports
in two weeks nave been, flour included,
Z 1856, ,942 bushels, against 5,413,677 BUSH
els last year. while receipts rose to 12,-
6GS,122 bushels, against $685. 1882 bushels
last year.
The price gained fraction in spite Of
the speculative decline in Chicago. Corn
exports continue to exceed last years,
in two weeks 6,326 .Ss4 bushels, against
5,074. .S2S bushels last year, which is a
significant feature. The
price rose but fraction and receipts in
two weeks were S,023.OO1 bushels,
a
The cotton manufa cture is in difficulty,
due to production last year fan in excess
of demand, and in partial transfer OF the
demand to southern mills. While do
nestle and export sales have been large,
they are behind a production exceeding
That OF the best previous year, northern
and southern included, and the effort to
straighten things by reduction Of
wages presumably involves strike and
reduction OF output. Goods are general
y weaker and tsla range of prices is now
the lowest ever known, the reduction in
oleached goods, prints and wide sheet
ngs having caused an increased de-
nand.
The demand for woolen goods is in
,reasing and some mills are in the mar
get providing for n greater production. !
-hougn most are still waiting. and the
WOOL market is remarkably dull, sales
X the three chief points being Is, 307, 100 |
pounds. against 1S,1o0,o00 pounds last |
resr. 17,179,11o pounds in 1895, and To-
'o4 leo pounds in 1892. While prices are /
aid to 5e held without change, manu-
sctureTs are hunting for bargains and 1
oreign wool in considerable quantity is 1
,oming this way.
Failures for the week have been S27 in 4
he United States, against 3s7 last year, |
md IS in Canada, against IL last year. |