The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-01
BALF.IEAR'S FAILURES
Are a Strong Chapter in Pros
perity's Serial Story.
IRON AND STEEL RISING
Enormous Footwear Business
Grain Statistics.

row: Failures for the second quarter OF
1899 have been 1850 in number. against
sO55 last year, with liabilities of so, 200
against sSs.eO2.252 last year. and for the
first half OF 1899 failures were 4OS5, against
s,7es last year, with liabilities Of SIN 900.
against s71.246.7SS last year. Nearly half
the June liabilities are due to one fail
ure, not strictly commercial, covering
some banking concerns, a promoter and a
railway equipment company for $5.136,0Oo,
in essential features a loan and trust
concern. With It banking failures amount
to $685. 900 for the half year, leaving for
commercial failures 42,275.05S, against
$64. ~. 639 last year. Manufacturing were
SIC, 900 for the half year, against $780,
ass, 144 last year. and trading were $23,O0o,-
900, against s32.95s62s last year.
The demand for iron and steel seems to
have no limit. Scarcity OF pig has raised
the price dollar a ton for local coke at
Chicago; $L1O, to s1s.75. for Bessemer at
Pittsburg, and sl.T5, to t17.75. for grey
forge, and 70 cents, to $19.25. for anthra-
cite No. at Philadelphia, with some iron
selling aboev these quotations at all
points for early delivery. Efforts to get
foreign contracts out of the way are met
by fresh orders at last weeks prices.
Some furnaces have started, with con-
tracts for their whole years product, but
others are yet delayed. Prices of pig av-
erage higher than at any other time since
February, 1890 and prices of finished pro-
ducts higher than since March. 1891. Bill
lets are hardly obtainable, bar and plate
are refused quite largely because works
are overcrowded. sheet mills have much
stronger demand al the west. but less at
the east, and structural works report
5000 tons required in two new eastern
contracts. The continuing demand, In
| spite OF rising prices, astonishes every
body. Coke ovens, 17.453 at work. put out
| for the week 1S1,S72 tons. the heaviest
weeks work ever known at Connellsville.
| Tin Is stronger at s26 and copper at 1sc
for lake, but lead Is dull with hope Of an
| end to the Colorado strike.
| Another industry passes all records,
boot and shoe shipments from the east.
| 4OO,s13 cases, exceeding those in any other
| month OF any year for four, weeks. and
| the demands for speedy delivery show
| enormous distribution in all directions.
| Wool sales, S6.1799 800 pounds, OF which
1856. 900 were domestic. reveal specula-
ton scarcely less obstrusive than in 1897
when Il. 600 bales were sold in the same
weeks, against %. 1884, 200 in 1892. when the
mills were we'll employed. Cotton mills
are doing well in spite of the fan in cot
ton. as the demand gives them enough to
do at current prices, and weak spots In
the trade are defended by the agreement
| between Fall River mills.
| Wheat receipts at the west in foul
weeks have been q, So. 53S bushels, against
41l1,s25 last year, and western receipts In
June have ranged BET Veen 5.7iy.Sfs bushels
in 1894, and 9,j51,27S in 1sse. Beyond ques
ton the farmers and the spectators anC
| elevator owners in farming regions be
lieye that about SOC here Is as much 81
the old wheat will fetch. although exports
have been for four weeks S.9i9.s3s bushels
from Atlantic ports, against 15.ol2,ss7 las
wear. and 2.4457 40 from Pacific ports
against 1.S29,709 last year. 1t Is not sur
prising that with such receipts the price
has dropped 1lkc and that corn has ais
fallen PC. with exports in four week
II. 4S5.5es bushels. against 12,076,79 las
year.
The cotton market Is also weak. Wit
heavy receipts and good crop prospect
and declined a sixteenth
Failures for the week haev been Isl u
the United States. against 25i last wear
and q in Canada, against Is last year.
BRADsTREETs.
|
row will say: Though seasonably quie
in many lines. the strength of the generS
business situation remains apparently ur
abated and the haif-year closes with ID
commercial and financial community cor
tempIa1ing very satisfactory returns
the recent past and Tanifesting ton
Of cheerful confidence regarding the out
1rs,k for the last half of 1893. In the vo
ume Of business done the first half
1893 will certainly rank higher than N
best hitherto experienced, and the n0tao
> rice in prices which was such featur
Of the past spring has done much to rec0r
Gle traders 10 the admittedly small MAJ
!, nent. Touching this matter. Il might
added that stap.e prices today are. IN
majority Of Instances. weH above quota
tons ruling for some years past, the ger
eral level. in fact. being the highest sine
early IN 1893. In SINE Instances, OF coair:
notably in iron and steel. recent sdvanci
have brought the level OF prices ne
above anything reTirted ssnce iSe thouE
n IL n be remarked that much 81 Il
: business dCoe IN that industry this spF1n
was at old ieycls the most sanguine q
servers IN this line having failed 20 acc
: | rateFy gauge the real proportions Of u
late advances
That the transportation interests hs'
=, | shared to a large degree n the busins'
, | resulting from several yesrS OF large eToi
and active demand. IS proTed b. the CT
rent good returns. the best. PROBABLY. ?
ported 80 far this year. and Indicating
progressive gain over all pssEtozas recor'
|, fog the SIX rsonths. not withstandTg .
q steadily lowering raSes Of trsnsporta' on
. There IL little n the immediate Quito,
= that can Be construed a. unssvo-a5ie. 4
a 4-on trade. having fasshed tire most even
/. fuI half year in IL history and most
is contracts secured .; the old low gTsee
b.e 4 very god outlook fJF the 5slzn
OF the year az prices which g1sE11l
n large p-odts. p-ovA3iEg aiequate suppl
!. | Of raw and party manufactures nat
r.Aas can b. secured
i, Il = not unrea.so1a5le 20 box fc- s'E
=, | check. r. fact, 30 b1ssnezs IN tie net
: c0zS uualng industries. oEsnS 70 I
sea-rtiy % these materials. one q {
latest instances og Sha cred IS che serio
delay reported 20 tie shi5hzfisins iner
: try. ewing 20 the scarcity % stsS pat
- The sabor sEt1a-ioa has bsea o1s Of
q -asst satsstGct0Ty feafuEss II The "a
e ya4r's 5asioss@. voluntary advances hs