The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-11-26

Wheat Circludiug four shipments 1or
| the week aggregate 5.s24.72S bushes
against 5.s7s.1i1 bushels last week; SIS
! I53 bushels in the corresponding week OF
1897; 5. 75s sss bushels IN IS: 2.4so. 800 bush
els in 20. and 2.ss7.sOa bushels in %
Since July l. this year, the exports O;
what aggregate s.. 71i.1so bushels. against
1S.43S.57s bushels last year. Corn exports
for the week aggregate 3I5s.es5 bushels.
against 3.5s357s last week; 2.sse. 7e5 bush
els this week a year ago; $50 Se bushels
in 's6; SCI. SOC in SO and is. go bushels in
81. Since July this year corn exports
aggregate 6.5To.Ss5 bushels against Sc. 54a.-
145 during the same period year ago.
Business failures in the United States
for the week number 17s. against 17s asst
week, % in the corresponding week last
year, 2s IN IS: e& in sc. and 3o7 in 81
Business failures in Canada number 3
against "a last week. 81 in this week a year
ago; IS in IS; 50 in IS and s. in 81
COMBINES OF METAL-wORKERS
Cleveland. Ohio. Nov. 25.-The Iron
Trade Review says:
The failure OF the steel rai manufac-
turers 70 agree on a selling arrangement
or 10 FIX prices for 1893 is me important
development OF the past week The next
step is still undetermined The possibility
OF some division OF central and western
business between P.ttsburg and Chicago
is rporRd 20 estiI under consldera-
ton and meeting viii be held in Chicago
today.
The TN plate consolidation & now an
assured fact. Most OF the details have
been arranged. and nothing nas been left
undone whic. could cause Miscarriage
Of the plan al the last moment Prob
ably ninety per cent of those who are
selling out 10 the promoters are taking
stock in exchange. The consolidated com
pany VIII be in actual working order by
the first OF The new year. Il is the frank
admission OF well posted men that no
similar deal has been consummated in the
United States which was so perfectly
manag q in all its details. The Tin plate
manufacturers were originally unit in
asking for cash for the plates; but in the
most admirable manner rhey have been
convinced that stock would be preferable.
and +; IS now certain that the bulk viii
accept stock. I: Is generally agreed that
D Ct. Reed. now treasurer OF the Ameri-
can Tin Plate company. Eiwood, Ind.
Will bs president His only formidable
opponent is ". r. Graham, president OF
the Aetna Standard Iron and Steel COM
pany Of Bridgeport. Ohio
WHAT A STEEL TRUST MAN SAYS.
New York, Nov. &.-E. H Gary Of
Chicago. president OF the Federal Steel
company said tonight that the Iron Trade
Review story % a meeting OF steel rail
manufacturers IN Chicago today was IN
founded.
There has been no meeting in Chicago
or elsewhere" said he, and none conten-
plated The recent newspaper reports of
a prospective division Of territory and
pooling OF product between the Federal
Steel company and the Carnegie Interests |
doubtless arose from recent consultations |
of manufacturers for the purpose OF es- !
tablishing on agreed minimum scale OF /
prices. We were unable 20 agree upon a I
base and the matter was dropped. but I
with an informal understanding that a 1
high rate should be maintained. The 4
demand Ia enormous and next year will I
be abnormal and as the railroads are will I
ing to pay a good price. there IS no ne
cessity for cutting"
Mr.. Gary said he knew Of two large /
closed in New York today. one /
for 1000 and the other for 20. 900 tons
He anticipated an unusual good demand 4
for export next year.
FINANCIAL REVIEW. /
New York. Nov. 25.-Bradstreets finan-
rial review tomorrow will say:
In spite OF It's irregularity the market
this week mas been strong in tone. the
average quotations for the more active
class Of stocks having touched a level
slightly above that OF last August. Pub
ic and foreign participation continue on
1 fairly large scale and from the sus-
aimed activity and strength OF the bond
market IL IS evident that an investment
demand for securities underlies the pres
mt speculative situation. AS far as stocks
are concerned there has been an increase
n the purely professional and manipula-
i've activity. some Of the most import
INT movements OF the week plainly ex-
libiting the presence OF such influences.
Dhe market. however. shows every incs-
iation 10 follow bullish leadership. and
While incidents like the reported breaking
II of the peace negotiations a. Paris.
Y the alleged possibility OF rupture in
ne harmonious relations OF the Pacific
Dads caused temporary recessions. the
ear element appears 70 be timid. the
allies are easily effected and TIE buying
over whicn drops OF in one -Prf OF the
market is quickly turned 20 >-aps ,
Z securities. The ease of money Is %
curse a point IN favor OF he bulls and .
igher rates OF interest abroad create 10
pprehension in speculative circles. IN
lew OF mis- cOuntry's favorable trade bal
noes and OF ne renewed declining tend
ncy in exchange L was noted that I
nile there had been some foreign selling
was confined mainly 10 stocks IN which /
.eriin = Interested. Americans being
.rong in London. where the announce 2
vent that the United States contemplated
maintaining an open Go5r policy IN regard {
, the Philippines seems IL some way
; improve the standing q American !
-ocks. TIE market eere Is not apparent
r Impressed hy t7s r1rTnors % severe and
rate-cutfing among the western
I'd trunk line roads and gives most %
: attention % TIE Improvement IN gross :
abroad earnings where n several cases ;
ivarces IN values have been based upon
ports o. increased dividends o. re- !
Inptiou o. such payments.
TIE industrlais. e may be remarked
ere not as conspicuous as usual ard :
abroad stocks ard bonds nav. been ne :
ain objects % speculative attention
New York Nov. The Evening Posts s