The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-11-05
NOT EVEN ELECTION
Can Disturb the Even Tenor
of the Way of Trade.
FAILURE FIGURES PUZZLE
Volume of Business and VAL
ues of Manufactures Held.

New York. Nov. 4-R. @. Dun & Co.'S
Weekly Review Of Trade win say ;omor-
row:
Not even the election has disturbed bust
ness or industries on the financial side this
week. Although many are doubtless wait
ing the votes before borrowing. the volume
of business through clearing houses Is SO
per cent larger than last year and 154 per
cent larger than in 1892. While political
doubts may count for much. they can only
have prevented q growth Of business
which might have been much more than
has been realized. Failure returns for
! October are curiously puzzling, because.
while the small failures compare remark
ably well with those Of previous years and
also the failures of 1.200 or more in about
two-thirds OF the business classes. there
were large failures in a few branches not
generally due to present business condI-
tons. which made the aggregate $4,000 goo.
but neither the Sawyer wool failures nor
others. excepting. perhaps, from machin-
cry, boots and shoes and leather, indi-
] cate difficulties beyond those of the par
| ticu1Sr concerns failing.
| Neither the volume Of business nor the
value of manufactured products dimin-
/ ishes. While Bessenler pig is sold against
the combination at Pittsburg 10 cents low
e. than other iron there and elsewhere.
| the general demand crowds closely upon
the heels OF production. BIl,ets and steel
bars owing to prospects regarding COM
bipations, are a shade lower and prices of
eta tie =
reports promise a single corporation to
handle all the rail production, 1900 600 to
, 900 tons yearly; but plates are sup
ported by heavy railroad demands at Chi
cago and at Philadelphia for shipyards,
/ the bar mills are crowded at all western
works, with stee, preferred to iron. struc-
turl orders are very satisfactory and pipe
works at Chicago are far behind on de-
| liveries. while sheets there are strong.
London has hoisted the speculative price
of tin and of copper, but they closed at
| S1S.15 and 12Ik cents here, with lead weaker
at 9.65 cents and tin plates practically I'M
changed.
Wool holders 1T Boston have discovered
/ the falsity of reports which they have long
believed about the available stocks in this
country and have begun selling largely at
concessions, said TO be several cents" per
pound. The weeks sales at the three
chief markets were 10.S97,400 pounds,
against 9e57,902 pounds last year and 49,
561, 600 pounds in 1895. but only S,2l5O00 in
1892. The cheering fact IS that the large
manufacturers are now buying, with con-
fidence that, at some reduction IN the cost
of material, the business will pay. De-
mands for goods have been somewhat bet
| ter without any decline in prices during
the past week, nor any disposition to ad-
vance prices. The cotton mills are helped
little by intimaions of restricted produc-
ton about Fall River.
Cotton Is again al the lowest point ever
known. So cents for spot, while Mr.. Neil
estimates crop of 1850, 900 bales, besides
large stocks brought over here and abroad.
Wheat exports continue very large,
amounting TO 1899 5s6 bushels from At
lantic ports, flour included. against S2S7, 536
last year. and 1.029 S3S from Pacific ports.
against 1592, 252 last year, but the heavy
exports have been much more than
matched by western receipts of 943O,O92
bushels. against 1900 9e3 last year, and
prices have not changed materially.
Corn goes abroad largely. 3,011.0S5 bush
els during the week, against 1Sl2.9H BUSH
els last year, and prices are well held.
Failures for the week have been 1914 in
the Unitd Stats. against 27s last var, and
2s in Canada. against 20 last var.
BRADSTREETS FINANCIAL REVIEW
New York, Nov. 4.-Bradstreet's fnan-
! cial review tomorrow Will say:
Tl.,Tr, -,
prevailed in the market this week. In its
early part the tone of speculation was
depressed in sympathy with the disturbed
state Of the foreign markets and the
| fears of the European market. Later on
a more pacific aspect of affairs and an
improvement in the London market had
Its effect here and the apparent cause OF
the rallying tendency in prices which
made its appearance on Thursday. Some
attention has been paid to our own cleo
lions next Thursday. though the prin-
cipal influence which they appear to ex-
ert is 10 keep the public out of the street
for the time being. So far as events on
this SIDE are concerned. the developments
of the week have been favorable railroad
earnings continue TO make good impress
sion and the declaration Of dividends on
American Cotton OF common and on
Glucose Sugar common are taken as evil
dence Of the progress being made by large
industrial corporations
The bond market has been comparative
" active. Throughout the week stocks
have apparently found purchasers at con-
cessions. while sellers have been mostly
traders and their offerings short stock.
The undertone ot the market has been
good and the ease Of money has contrib
Uted largely 10 the indisposi-ion Of hold
ers TO part with their securities. On
Thursday the market developed strength
on preferential purchasing, and this was
more pronounced in the early trading on
Friday. though IN the late part OF the day
prices reacted from the highest.
A few specialtses furnished a large share
OF the markets dealings Sugar. To5ac-
CO and the newly introduced Federal
Steel stocks were, in fact the most prom
inent objects OF attention Sugar has been
manipulated between IFS. and 1854. and
the extent % the short interest IN il made
il apparently easy 20 cause rallies on the
story Of a possible trade war settlement
In Tobacco the manipulation by a new
, pool was apparent and the formation q
the new auxiliary. the Continental To-