The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-04-15
No SUCH EXPANSION
In Business as the Present
Has Ever Been Known.
MONEY MARKET S0UNDER
Wool Market Wakes Up
Crop Conditions and Prices
MONEY MARKET SOUNDER

weekly review of trade viii say tomorrow
There is still increase in all legitimate
business, and the productive power OF
great industries increases, even though
some of their stocks decline. The sharp
reaction in speculation a week ago in no
way affected the producing capacity OF
furnaces or mills, and has been in part re-
GOV cred. while the disturbance of business
caused by the formulation of great COM
binations has in a measure ceased. The
money market is in a safer and more
wholesome condition, and, in spite Of four
heavy payments by large syndicates,
amounting to about s5,C00.0O0, has grown
easier The only stringency has been IN
call loans.
1t is not owing to speculation alone that
payments through the chief clearing
houses have been so per cent larger than
in the same week of 1892, and 1893 per cent
larger than last year. New York transac-
tons far exceed those of any previous
week, 81, ass, 502, 709 in amount, but outside
New York the clearings were 41.5 per cent
larger than in 1889, and 44.6 per cent larger
than in 1892 The truth is no such expan-
sion in the general business Of the country
has ever been seen before, and If such rec
ords only were considered there would be
ground for fear that a wild passion Of
trading had again lifted the whole business
community off it's feet. But instead, there
is found surprising increase in the chief
industries. Naming first some of which
only returns of raw materials imported
give definite indications, raw silk imports
increased So per cent for eight months of
the fiscal year, over last; hides, 40 per
cent, India rubber &c; tin, q, and fbres 10
per cent.
Theoutputofpig iron April l was 245,746
tons weekly, against 22S,19S tons March l,
with 115,11S tons decrease in stocks I'M
sold and 16 800 tons in warrant stocks, in
dicating a consumption in manufacture of
LOSS DAB tons in March. The haste of forty
other furnaces to get into operation, with
their possible output of 1000 tons weekly,
has helped to keep prices of pig quite
steady, although strong, but the demand
for finished products is far from satisfied.
The Maryland Steel company has orders
for u. 200 tons steel rails for the Chinese
Eastern railroad Plates have sold at
s210O for sheared at Pittsburg, but the
leading mills there and mills elsewhere
are crowded for months, and many will
not quote at all. Large contracts were
closed in structural works, one for 5000
tons, just before the advance in prices,
but Chisago orders this week cover 5000
tons bridge work and everywhere there is
much business in sight. Bar and sheet
mills are hindered by prospects of consoli-
dation but though few orders for bars are
taken just now at the west, the Philadel-
phia market is more steady. Steel bars
rose 81 per ton at Pittsburg and the heavy
demand for sheets makes prices very ir-
regular, with many orders refused The
Connellsville coke product, 1888 tons for
the week, surpaSses all records, and prices
are steady, as before quoted. Lake cop
per is strong at $3.50 and scarce, and tin
went up with London, declining only TO
% per cent.
In spite of some strikes because wages
were not raised as much as hands expect
ed. the cotton industry has a very good
demand, and most of the mills are work
ing satisfactorily A southern combination
of fine goods is proposed, like that of Fall
River mills, which has kept prices quite
steady Of late. Wooden mills have begun
much of their own making, but there is
improving demand for goods, with light
weight purchases continuing surprisingly
for the season. Sales Of wool at the three
markets have been 16, 1872, 900 pounds in two
weeks, against 3,3S5, 600 pounds last year.
Wheat advanced about a half cent, &C
counts OF injury discovered since April I
experimenting the government report
Were the worst of the stories true, there
IS yet spring wheat seeding to make up
for deficiencies, though the season is get /
ting rather late. Exports have been re-
duced. Atlantic flour included amounting
to 1890 $50 bushels. for two weeks. against
5.2S5,19S bushels last year, and Pacific 10
564.562 bushels. against 2,093. 9i2 bushels last
year, with other exports sos 81 bushels
Corn is a shade stronger, and in two weeks
exports have been 6.1S4.693 bushels, against
S,146,6S1 bushels last year.
Failures for the week have been 1ss in
the United States. against 254 last year,
and % in Canada, against IS last year.
BRADsTREETs
New York, April H.-Bradstreet's tomor-
row will cay: Real spring weather has
improved the tone of trade particularly
retail, and CORRESPONDENCE helped jObbing
distribution but a the same time, brought
last winters injury 10 the winter crop more
in evidence. The regular monthly govern
ment crop report proved rather more
favorable than expected. foreshadow!ng.
on the basis of last fans largely increased
acreage, a yield little below that of last
season. The unanimity OF later damage
reports would seem to point 10 fun infor-
nation regarding the crop not being OBJ
tainabe at the date when the government
advicas were gathered. The indifference
with watch the government crop report
was received has apparently been shamed
into the belief that damage has been done
ana wheat prices for the first time this
season may be said 10 have actually r.
fected crop damage reports Other cereals
are buI little changed. white the move
meut Of breadstuffs abroad AZ present
seems 10 be on a lessening scale. Among