The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-12
No BRANCH Numbered
Many Industries Show Great
Gains For the Week.
WAR CAN'T HURT TRADE
Active Western Distribution is
a Weeks Feature.

New York March 11.-R. G. Dun & Co. S
Weekly Review of Trade will say in its
issue Of tomorrow:
1t is most gratifying that no industry
or branch of business shows any restric-
ton or hindrance, but some have been
rapidly gaining for the past week and
month The railways are gaining, even
while spectators are selling their stock,
and the demand for products for all the
great industries is increasing. More gold
is coming from Europe than is needed,
SO SIS, 900 having been ordered during the
past week, and money markets are no.
where alarmed or stringent, though rea-
sonably more cautious. The country rests
assured that its industries, almost all of
its business, the foreign demand for its
products especially, and all its resources
are beyond the reach of any foreign pow
er, and that its honor and foreign inter-
ests are in safe hands.
The greatest of all industries is send
ing grain forward as IL there were no
limit to the supply. Wheat exports have
been 4,171,497 bushels, flour included,
against 1,26S,171 bushels last year from
Atlantic and Pacific ports, and for two
weeks 1852. 80 bushels, against 3,016, 74S
bushels last year. Exports Of corn in spite
of a smaller yield, have been 7,7o6, 494
bushels in two weeks against 1886, 500
bushels last year, when they far surpass-
cd all records Wheat declined IL cents
but corn did not change during the week.
Cotton declined an eighth, selling of fertil-
iers indicating less reduction of acreage
this year than was expected. Exports of
principal products in February were $751;
634, 091 in value, with increase over last
year of about so per cent in breadstuffs;
in cotton Is per cent, and Is per cent in
the aggregate.
The weekly output of pig iron was 22s,-
33S tons February 1, but 234, 430 tons March
l, and the increa Sc of unsold stock in Feb
ruary was only $500 tons weekly, leaving
225, 532 tons weekly for exports or con-
sumption, against 218 457 tons in January,
and 215,249 tons in November, 1895, the
month Of greatest consumption before
this year For four months production has
gained little, but consumption still more,
and if preparatio for war last only
few weeks they will add much to the de-
mand. Other consumption for railroad
cars, for vessels on the lakes, for elevat-
ors and oil pipe lines, for agricultural
implement works and for sheets, is beyond
precedent and structural and rail works
are crowded with orders, though now re-
ceiving few.
Ion bar works are depressing prices be-
cause some are not fully employed, while
the steel bar mills at Milwaukee have to
put on three eight-hour turns daily to
keep up with orders. Prices are very
strong, except for wire nails, which drop
ped because the great wire combination
fell through, though a smaller agreement
is expected, and in some western dis
patches is said to have been formed
The minor metals are generally strong
in demand, a sale of 100000 pounds of
copper being reported at II cents, though
the usual quotation is 11.s7 cents, and the
product last year was O5O21 tons, against
219,970 consumed in this country Tin is
strong at 14.25 cents, and spelter at AZ
cents. but lead is weaker at 377 1-2 cents.
and tin plates at 2.S5 cents for the best.
against $500 for foreign.
Sales of wool for this week have been
the smallest since the week of greatest
alarm, in August. 1896, but not because
any mills have stopped work. Cancella-
tions are frequent and jobbers have evil
IDENTIFY failed to sell as much as they ex-
pected at the advanced prices asked. but.
even those would not be possible had
wool cost the millers current market
prices. Little wool can be moved, with a
new clip near and heavy stocks still in
mills. without further reductions. Goods
in,
though unchanged on standard grades.
Cotton goods have large distribution.
and prices are generally steady. though in
outside deadlings print cloths are shade
lower Prints are in better demand.
Failures for the week have been 24s in
the United States, against 256 last year
and Sc in Canada against 81 last year.
BRADSTREETS
New York, March u.-Bradstreet's To-
morrow will say:
continued activity in nearly all lines Of
distributve trade, but more particularly
at the larger cities of the west, south and
the far northwest, continues to be the
most favorable feature coming under no.
tlce. That the demand for dry goods
groceries. hardware, iron and steel in its
various forms and building material is
relatively most active at the west. seems
evident from the slight tone Of disappoint-
ment in reports from leading eastern
markets, where business is reported NOV
Ing less rapidly than at the interior. Other
foreign deand for wheat and -four. as
Indicated by increased exports over last
week and last year, and bank clearings
heavily exceeding corresponding periods
o previous years. though smaller than in
recent weeks. Less favorable features
tone in prices of a few staple hitherto
marked by extreme firmness. but chiefly
PeroeptibIc in quotations for some makes
OF coarse cotton goods. print cloths. raw
wool. the demand for which is reported