The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-08-13
TRADE TAKES 4 SP|jRI
Coincident With the Certainty
of Peace.
ALONG THE WHOLE LINE
Activity increases, Even Iron
Joining the Advance.

New York. Aug. 2-R- G. Dun & CO. $
weekly Review OF Trade viii say tomor-
row:
PROSPECTS, Of peace have had curious
influence on business contracts, not quite
explainable on common-sense grounds,
NOBODY really feared disaster. or exhaus-
ton or national resources. and nobody
feared that anybody else was afraid OF
either. Yet orders unusual in number and
size have been placed since Spain asked
for peace. IN some industries the gains
have been large for about TWO weeks,
while in some textile manufactures Il has
only begun 70 appear this week. but in
wolves a considerable Increase IN the
working force. Crop prospects are on the
whole more encouraging, for the gov
ernment'S latest report as 10 corn IS much
larger than the commercial estimates,
and its cotton return promises q heavy
yield, while allowance is made for its
habltual error in its wheat return. Money
markets show 10 signs Of possible dis
turbance securities are stronger, and
there IS 10 harmful speculation in stocks
or products. Rarely has the financial
outlook been mora nearly unclouded-
While wheat is cents higher for the
week, there is less doubt than week ago
that II will rule lower during the coming
year. The general holding back Of grain
by farmers and consequent heavy shrink
age in western receipts have reduced the
visible supply below all past records. but
everybody understands that at this date
many times that quantity is almost with
in days run Of Chicago. The more ef-
fecttve change is the decreases in ex-
ports which have only been 3.237, S19
bushes -four included. from both coasts,
against 3, So s74 last year, showing but a
slight increase OF half a million bushels
for two weeks, compared with last year.
The price OF corn has declined shade
for cash. and the government report,
promising almost 1000. 10000 bushels,
against 1,s25. 900, coo bushels promised by
commercial accounts, has more weight
because the official returns as TO corn
have not been Systematically misleading
and everywhere discred1ted
a slight furry in cotton lifted the price
4 sixteenth on Tuesday. but It dropped
again the next day with the official fore
shadowing Of a large yield
10 IL SA4 eLAN StECA II due L4AE supports
differences drawn from recent events. The
demand for steel is so heavy that some
Of the biggest concerns have been buying.
one taking 10000 tons advancing the
prices at P1ttsburg from $3.50 to s15.25,
which was at last refused. Bessemer
pig is steady and other pig there and at
western markets generally. but rails have
been advanced by eastern makers 10 SIS
per ton. The makers OF structural beams
have advanced the price 81 per ton and
makers of merchant pipe have advanced
the price per cent, while psate-makers
are crowded 10 the point OF refusing or
ders. both east and west. and bars are
stronger, with many mills engaged for
weeks ahead. Illustrating the demand are
reports of orders for 1900 car axIes at
Chicago. 10000 tons of structural work
there and big orders at Philadelphia for
cast pipe and 5000 tons elsewhere.
Eastern works now appear 70 be crowd
ed 70 their utmost capacity. as the west
m have been for some weeks In the
minor metals there IS heavy buying Tex
tile works have been sleeping. but are
awakening.
The demand for wooden goods IS not
much better, although not vet extensive
enough to warrant paying the prices asked
for new wool, and nearly al Of the buy
ing has been of old stock. The aggregate
sales at the three chief markets have
been only 5.4S2, 100 pounds for The week.
about a third Of the sales in the same
week OF 1897, while in 1892 for the CORES
ponding week sales were 1854 600 pounds.
The demand for cotton goods is a little
better as 70 staples and fairly good for
print cloths. prints and ginghams, and
yet probably II does not suffice 10 cover
the current output.
For The week failures have beera los ~
the United States, against go last year.
and Is n Canada against g last year.
BRADsTREET'S
New York, Aug. 12.-Bradstreet's will
say tomorrow:
Changes il general trade and business
ohis week have been very generally
toward improvement Notable in ,ets r.
spect has been the iron and steel trade.
which mas passed from the stage OF prom
ise 10 that OF fulfllment OF increased
demand and marked advances in values.
From all the leading iron centers east and
west come reports OF more or less i'm
provement in tone, demand CT prices. es-
pecialy prominent IN rle latter particular
beng steel buIets with an advance %
s. per ton. Steel rails have had advances
ranging from &c 20 81, and sympathetic
advances are likewise noted IN eastern
pig iron. wrought iron pipe. steel bars
and other structural material and steel
plates. Further encouraging features have
been the acceltuatsd demand o. foreign
account for wheat and corn. which IS r.
Elected in advance for those cereals n
spite ~ = rather more favorable than
expected goverruen. report % possible
yield Popular estimates tend % allow
OF 81 under estimate BY the Eove-1us-.
Il wheat fully equal - that OF .aSt year.
and point % a total crop % 15t less than
20 - goo bushels. Effects CT the bo.a1nr
81 waeac by farmers fo- better prices ara
found Il the reduced volume OF grain
carried BY railroads during July. w.-h
some complaints % interference WITH CO..
icaonS
The price strength 5 also = feature
Cas-. lard. beef. co9ee. lead. Rubber. cop
per and Cotton. Il addition 20 those mz7-
toned, are advancing ehls week