The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-18
SIGNS Of SHR|NAGE
In Demand for Iron and Steel
as Orders are Filled.
HEAVY WOOL SPECULATION
Wheat'S Decline Recovered
and That in Cotton Partly
HEAVY WOOL SPECULATION

are maintained without change, and bill
lets are quoted lower only because pre-
miums for early deliveries are no longer
paid, plates are quoted lower at the east
with some mills selling at 25c alta Pitts
burg, and sheets are sold by fome works
there at So less than the regular price.
Strength of bars at the west is largely
due 10 the great demand for cars, of
which it. is said that LOCO per day are
ordered, but at the east prices are a
shade lower. New demand does not
make up for the rapid completion of old
orders in some lines, so that competition
Of works weakens prices. In minor met
ais the collapse of London speculation
depressed tin to IS cents on Wednesday
here, but subsequently an advance of 81
per ton in the foreign market brought
the New York price up to % cents. A
sale of copper by the Calumet and Hecla
said to be of 100000 pounds, lowered
the price to cents. Spelter is weak at
S465, with lead and tin plates unchanged.
Shipments of boots and shoes fall off,
and yet are larger than in any previous
year, for the first two weeks of Nov
ember 1892 cases against 163, 759 in 1897
and 1882 in 1894 and less in all other
years. Advances asked, especially since
the recent rise in leather, have prevent
ed much buying, though many works still
have business ahead for some time
Textile manufacturers are doing well,
although in woolens the speculation in
material threatens to cause some embar-
rassment. Sales of wool were again
heavy, 2I642.311 pounds at the three chief
markets, making in two weeks a 1923, S11
pounds, against 17,437, 100 pounds last year
when the mills were well employed
Clearly a large share of the transactions
has been for speculation but the mills
have been buying also, especially those
recently started after long ildeness.
Prices are a shade stronger for fine
washed eastern fleece, and for fine and
medium delaine, so that the entire list
averages about an eighth Of a cent high
er. Worsted goods are in good demand
and have been advanced in price with
some fannels. Carpets also have been
active with prices advanced per cent
for the season. Cotton goods continue to
advance with a strong demand and with
the belief in q short crop. so that some
have been for the time entirely with
drawn from the market by the mills,
while bleached were advanced to the
highest quotation for four years. Con-
fiicting estimates still make the cotton
market excited, but after falling 1-Sc the
price has recovered a sixteenth. The In
creased sales by planters and shipments
from plantations appear to have had
rather more influence than short-crop
frrJ,
Wheat declined a fraction but fully re-
covered, although Atlantic exports were
only 2976,551 bushels, flour included
against 1888, 76S bushels for the same
week last year and Pacific exports 720,-
1913 bushels, against 1858, O93 bushels last
year. The course of the market is the
more noteworthy because western re-
ceipts are much reduced, being only s.
S97. S67 bushels, against 1O,337,311 bushels
last year. Corn declined a fraction, with
heavier exports than last year and small
er receipts.
Failures for the week were PIG in the
United States against 22S last year and
20 in Canada against 26 last year.
BRADSTREETS r'tt,
New York Nov. T.-Bradstreets to-
morrow will say: General trade and in
dustry continue at a maximum volume
for this season Of the year while prices.
as a whole, manifest a strength unap-
preached in recent years. Strength OF
values is still most notable among manu-
featured textiles, but cereals, hides,
| leather and manufactures thereof have
all strengthened slightly. On the other
/ ~,
| are slightly lower. The great majority Of
! prices. however, remain firm at unchang-
! ed quotations. The strength of cotton
! goods this week, partly the result of act
| i've demand, and also of heavily reduced
available stocks, has been in striking
contrast with the irregularity and at
| times weakness manifested by the raw
product A flock of low-crop estimates
have made their appearance and have
been accompanied by heavy realizing and
some increase in movement An active
| consumptive demand for wool is reported
at leadink markets, accompanied by a
| fair export demand and a further reduc-
ton in stocks Cereals do not manifest
any striking change this week, but the
| resisting power OF the market is appar-
emily greater more moderate receipts of
wheat at the west including some cover
Ing, and corn is sympatheticaHy strong
er. Another feature naturally attracting
attention at this time Of the year is the
active demand for but generally reported
small stocks Of coal available both east
and west. Lumber displays continued
strength and advances are of an expect
ed very heavy cut this winter. both in
the northwest and at the south Some
shading in provision prices is noted, large
" as a result Of heavy receipts of hogs
Sugar IS in rather slow demand, notwith-
standing reiterated reports OF the settle
ment of the war among refiners.
The market for iron and steel IS rather
Quieter at the east but a heavy demand
both for pig :ron and steel IS reported al
Chicago. While export business has beer
reported checked, it is interesting TO re
cord a very heavy order for steel rods 70
export placed this week. Reports are ais,
that large foreign contract for RAJ.
has been secured. Some shading in price.
Of plates and steel billets Is reported. bu
! Bessemer pig iron is higher In othe
metals a feature has been a decline il
tin both at home and abroad partly re
covered later. however,. while copper re
mains unchanged. In hardware a fur
ther decline in builders grades is report
ed. but already some orders for mex
springs delivery are being placed.
I Wheat Including -FOUR shipments 10
] the week aggregated 45BO07 bushels
against 4.s50.Sie bushels last week : go a