The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-09-10
BUSINESS IS LARGER
Than 1t Has Ever Been, as
Figures AbundantIy Prove,
GENERAL PRICE LEVEL
For Staples Is the Highest in
Five Years Past

~N-W " - N-PN- - ~-- -
Weekly Review OF Trade VIII say ton0F-
row:
The volume c: business s larger thar
Il ever has been. Investors across the
water have caught the cue and the-r pur-
chases Of American bonds and stocks nave
been heavy for several weeks.
Wheat las been about cent higher n
price Tor spot, with western receipts on4y
abou. as large as those of last year for
the week. No doubt some farmers nave
learned that II Is poor business 70 hold
back Tor higher prices, Jet very many are
doing it. and 50 are making iney.lao-y a
more disastrous decline n prices after a
time. Atlantic exports foE the cen nave
been 2,2SS, LOO bushels, against 4.Z4S,Sa5 oGsa-
els last year. dour Included, aao Pac-hc
exports l63. GS2 bushels, against IlS, "a BUSH
els last year. Corn is a shade aigner, one
estimate promising only l. 5V,0VoyOO BUSHES
Nobody can guess now great the demand
for iron and steel products may be month
hence, but the manufacturer has the rare
good sense 20 Halt Tor ,ae actual orders
befre hosting prices So far he advance
has been remarkably Moderate, in the
average Of al finished products. only 80
per cent from the lowest price this year,
while pig k0u mas risen less than per
cent. Orders this week include 1000 tons
rails at Chicago, 5000 IONS pipe ata Boston,
with 1900 10 p. o0V tons coming al Phil
adelplia. 10, 600 tons plate for a Baltimore
shipyard and heavy orders for bars, rods
and especially sheets al ali markets.
The sales Of wool have been only 2289,5o0
pounds at the three chief markets, against
Is, 90, 400 pounds for the same week last
year, and $4,000 pounds for the same
week in 1892. The feeling shows that the
prices demanded at the west cannot be
maintained and until wool sells al mate
rally lower prices, the manufacturer can
not meet the existing orders for goods.
Prices for goods do not change and con-
siderable number Of the mills Will shortly
shut down unless the situation improves.
In the cotton manufacture there is still
a fairly strong demand, with print cloths
and staple goods unchanged IN price, but
the stoppage of some eastern mills con-
tinues.
Failures for the first week Of September
have been in amount Of Liabilities s1,1I1-
500, manufacturing 1924, SOP, and trading
S703. s91. Failures for the week have been
l64 in the United States, against rs last
year, and Is in Canada, against 35 last
year.
BRADSTREETS
New York. Sept s-Bradstreet's tomor-
row Will say:
Heat and holidays have impaired an r.
regular appearance to speculative and gen.
eral distributive trade this week, and
therefore TO the bank clearing returns,
moreparticularly at the east. but with the
arrival OF cooler temperatures, some i'm
provement is reported at these markets
Generally speaking. favorable basic feat
ures already noted still continue most in
evidence and the attitude Of quiet conf
dence in future good trade IS undated.
Conditions In many leading industries, but
particularly in iron and steel and its var
ious products, are Of continued and IN some
cases growing strength. The general level
Of prices Of staples is the highest reached
for five years past; railway earnings. ia
vored by the enlarged movement of wheat
TO market, are showing larger gains than
have been recently reported. A good ex-
port demand for agricultural and manu-
featured products is reported Failures re-
main at a minimum. and reports OF poor
trade are conspicuous by their infre-
quency. Less favorable crop reports from
abroad and good export inquiry are re-
/ fected in arather steadier tone in wheat
and in advanced quotations for ocean
freights. Corn continues 70 experience q
weather market, but prospects Of yield are
stn regarded as favorable.
Following the intense activity IN the
placing Of orders for iron and STEEL in the
past few weeks has come a quoting in the
demand. but experiences OF buyers and the
very firm. and in some cases the upward,
tendency Of prices, point 70 the conclusion
that the luu IS due almost entirely 10 the
mills being already heavily oversold. Ex-
port business has certainly been checked
by the inability OF American mills 20 de-
liver within time limits set, but orders
have been placed al the west this week for
a large lot Of steel bars for shipment to
England Pig iron remains strong II tone.
and the frmness OF prices is afeature
Southern iron Is in particularly god export
demand and holders readily refuse orders
where anything less than the fun market
price IS offered Talk Of further - per
cent advance cnes firm Birmingham.
Uuabated activity is reported at Chicago
and dry goods shipments cannot be made
/ fast enough. Small but numerous advances
/ In prices Of different classes OF steel are
reported from that city and s. Louis.
Railroads are reported buying Two 70 three
months ahead % time.
Business IS active az Kansas, Omaha
/ Cleveland. Louisville and throughout the
entire northwest On The Pacific coast
san Francisco reports merchants interest
ed II developing trade VIII Hawai-
Healthy activity exits in Distribution a.
/ Portland. Tacoma and Seattle Some check
70 trade Is reported n The lower Nliss!=-
s.po! valley. czlse5 By re7o-ts az yellow
fever and heavy rains or ne So1th Allan
tic coast Eot weather ard holidays check
ed business n dry goods a. New York. but
+ cooler weather has brought al improved
spot demand.
WOO sales have again fallen II a. E7s-
ten Cotton goods are quiet but steady.