The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-07
DEMAND THAT COUNTS
New Year Begins With the
Kind That Raises Prices.
COLLECTIONS ARE GOOD
Unparalleled Figures on Iron
and Steel, and Grain.

| New York. Jan. s.-R. G. Dun & Co. IS
| Weekly Review Of Trade wiz say tomor-
rev:
! The year begins with the kind OF bust
ness demand that counts. For months
there has been a rising demand for mate
rials, but now the crowding demand for
/ finished products begins to advance prices
( in the iron and steel industry about l per
cent. without quotable changes in pig ex-
! cept at the east. Beams have advanced
81 per ton. angles 81. bars 81 and plates
are strong. with an Australian order for
AZ, 600 tons refused at Chicago because the
/ works are already overcrowded. Many
! thousand cars are covered by orders at
I Pittsburg; 10000 tons bars are taken for
/ agricultural works at Chicago; 1000 rats
are taken by the Pennsylvania company;
the Midland Railway company of England
! has ordered twenty locomotives from the
/ Baldwin works, and many other home and
foreign orders are reported. The demand
has never been greater al the beginning Of
/ the year than it is now.
/ The wooden manufacturer has a similar
embarrassment. While all quotations of
wool by Coates Brothers Of Philadelphia
Z average 1s,B cents, against 2O.71 year
/ ago. the market Is gradually yielding, be
cause people appreciate the magnitude Of
| stocks on hands. which the Boston Com
meroiai Bulletin reports az 291, 900 go
pounds, an increase in its account of 114,-
! 100000 pounds for the year. Obviously this
means a great movement from the farms
( to millers' stocks and eastern markets. but
/ prices are not yet low enough to encour-
age large buying or consumption by the
/ manufacturers. The only heavyweight
goods yet opened are at reduced prices, as
/ had been expected, and it is still uncertain
! how far the trade for the coming essaon
/ may prove satisfactory.
| Cotton goods are in fair demand with
cotton at 5.S7 cents land while nobody can
! guarantee that the price VIE not go lower,
/ it is believed by competent observers that
! the market for goods is so far relieved of
/ accumulated surplus that prices are not
: likely to decline materially, even il cotton
/ falls
/ The movement Of cotton thus far indi-
! Gates crop over $4,000 bales larger than
( that OF last year. in spite Of all natural
/ disposition and concerted efforts to hold Il
back. AS producers are not this year in
unusual need. a movement so heavy. him
/ Gers any advance in price although TAX
! ings of spinners have been as large in 1898
as in any other year, and exports larger
than before.
The wheat movement has TO sustain II
the largest foreign demand movement ever
known for wheat and corn together, and
Atlantic exports of 5,214.42 bushels (four
Included. against 2,S4O,31 last year. with
Pacific exports of 614 1913, against S72 AS last
year, without Cling some reason TO an
/ ticipate higher prices, were not the west
ern receipts H.1Ol,592 bushels, against p
S7S,072 for the same week last year. The
wonder is that the foreign demand for
corn continues so heavy. 3,572,412 bushels
having been exported in this week, against
1884 $50 in the same week last year.
The country is on the up grade and the
men who expect it 10 take a downward
road have yet some time to wait There
are no indications of a reaction which al
ways follows a large and rapid business
| recovery, and existing conditions in the
/ industries and in foreign trade by 10
/ means forbid the hope that the increase
| may continue, as it did after the revival
/ in 1879, for several years. Exports com
/ pared with imports continue to indicate an
| enormous balance in cash due this country.
| and gold imports begin again
! Failures for the week have been 24S in
| the United States, against 322 last wear.
and "A in Canada, against 30 last year.
BRADsTREETs
| New York, Jan. s.-Bradstreet's tomor-
! row will say:
The situation is one Of quiet. sustained
/ strength. In wholesale distributive trade
annual inventories have occupied atren-
/ ton, and distribution in this branch is.
/ therefore, OF only seasonable proportions
! Retail trade reflects the quieting down of
I the eager demand ruling before the holt
I days but it IS significant that the majority
{ OF the reports received since January in
the wholesale branch report collections as
! uniformly good. Export trade. particularly
/ in cereals. continues up TO maximum fig
ures while reports from the great indus
/ tries Of the country are favorable.
The cruder forms Of iron and steel have
been in rattle rless demand this week at
leading cenJers and large orders are few
in number, heavy consumers having pretty
/ well covered themselves for some months
10 come by their liberal buying in Deem
her In finished products. however. and
particularly in steel. rather more has ev,-
/ IDENTIFY been doing. this being reflected in
/ advances az bOch the east and the prices
OF steel rails. steel beams, plates and
sheets. Some heavy orders for railroad
account are reported booked. and the ex-
port trade continues Of liberal proper
tons partly aided. no doubt. by ,he shad-
ing in ocean freight rates occurring during
the past month
Aside from the aggressive Strength OF
/ steel prices, quotations are li;cle changed
from a week ago. Good trade reports. both
at home and abroad. and small receipts,
coupled with more outside speculative IN
terest. have made for syeadiuess in raw
| cotton prices. while in manufactured goods
al the old strength IS maintained IN
/ pr,nt cloths and some other makes 81 cot
ton goods prices have bstea slightly ad-
/ vanced. Returns as 70 ISIS trade Is most
lines have been favorable and me oper-
| ing Of spring trade i awaited WIKI more
! than usual conn ieuce this feeling being
/ particularly marked in the lines above emu
mera;eG and IN lumber and ayr cultural
| implements. Bank c-earings t3r che week
/ reflect exceptionally heavy annual settle
Hents. in A total of sl.7s5 So 90 nearly $40
| ooo eoQ larger than ever before reported.
( = per cent larger than Iast week = per
MAKE PERFECT MEN
~ 20 stIsssrr e ~. AS = .-a - 70 s Il