The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-05-06
FAILURES For lPR|L
Smallest in Any Month Since
Records, Began.
FACTORY RUSH CONTINUES
Grain Movement Falls Off,
Huge Bank Clearings.

1 weekly REVIEW OF 1EaIe lOmOEEstH WI
say: The failures in April we're Il,
smallest in any month since records b!
months began; Sc per cent smaller than il
| April of last year; OF a third Of III,
amount in 1897. and not half the amount
of April of any previous year. Both il
manufacturing and in trading they were
the smallest ever known in that month
and in trading The smallest ever known
in any month, as in manufacturing the
larger failures were omitted. The ratio OF
defaulted Liabilities to payments through
the clearing houses was less than 20 cents
per $1,000, gaainst so cents and Slip in
March, SIS in August and sS.02 in Septem-
Der. 1896. A great share OF the risk in the
business world has been eliminated.
1t is not inconsistent nor strange il bust
ness halt, because il has been crowded 10
the utmost for four months in anticipating
future needs on account OF new combina-
tons proposed. In some cases prices have
been advanced so far as to check new
business and in others work has been en-
gagged so far ahead that new orders can
not be taken. Yet new business in amount
which would have been astonishing two
years ago is still coming forward, and the
voluntary advance in wages by the firms
of of the Central association and by the
FriCk coke works, whose shipments in
April, SO, 452 cars were the heaviest known,
show condence in the future. AT Buffalo
and in Idaho, strikes are causing trouble
but labor questions elsewhere do not affect
general business
The grain movement has fallen off, only
2,464,14S bushels having been received at
the west during the week. against 4765.
5l9 bushels last year and Of corn Only
2,672,H7 bushels have been exported.
against 4.545749 bushels last year, while
wheat exports from both coasts have been
better, S,545, 757 bushels. -four included,
against 2654.297 bushels last year
Nearly ali iron works are crowded for
months ahead, but good many are catch
Ing up it'll their orders, which have re-
Gently diminished. The report that all the
great companies are to be melted into one
influences the stock market, but IS still
scarcely credited, and the raising of for
eign prices where American competition IS
no longer felt is suggestive. Pig is nowhere
higher, nor has any class of nished pro-
ducts establihed higher prices. though in
many the demand exceeds supplies. Lon
don speculation made a higher price for
ton, at s25S5, although Atlantic receipts
in April, 5,105 tons, were the largest on
record and copper is stronger, at 1875
cents for lake. although European stocks
are rising.
Shipments Of boots and shoes from the
east in five weeks have been but 14s per
cent larger than asst year, Il per cent
larger than in the next largest year. 1885
and a per cent larger than in 1892. Fac
torres are busy with orders for months. at
Old prices, and ? IL cents advance is paid /
on new orders for several grades. But
the only change in leather IS a small ad |
vance in Union sole, and hides are half /
to per cent stronger at Chicago.
Woo, sales for the week have been large.
'.S59S53 pounds, owing to sales OF over a
million pounds Australian in bond FOR ex-
port and heavy speculative purchases Of
err tory. The wool year ends with heavy
stocks on hand and prices about - per
'ent lower than last year, but prices av-
raging about II per cent higher for Aus
ralan fine, but about 10 per cent lower
or English and croSs-bred VOLS. Sa-es
u domestic wool in four months have been
3'5s51S5 pounds. more than in any year
excepting 1897, when spectators were TAX
ng In the heavy stocks which some u
hem have recently been selling at a loss.
ut sales OF foreign have been q. Is sa3
ounds for the year against %. 2s4 80
ounds in that year. The market IN goods
; little stronger. with an advance IN
ay mixtures but. in general is waiting
or the outcome Of new combinations and
bout some Of these there fs stir dg1b,
$ 10 their completion. The worsted com
nation has gone into completion. but
-thout interfering with deliveries Of ,
Gods under previous orders The cotton I
Gods market + the more stead. because
2me strikes s-il limit production a little /
VI = quite encouraging and active and
som estaPles has further advances.
Failures for the week have been fss n .
pc United States, against rs asst year I
I'd 2 IN Canada aesinet . last year.
BRADSTREETs
New York. May 5.-Bra6Strest's tor7or-
" VIII say, That this E. indeed an ora
trade and Industrial combinations
ems evident from the long LIST of an s
1uncements e new consultations. ~
ored OF actually H0ated coming 80 pub d
view This week Whether this tend
cy nae as yst reached lts elimination )
nnot, 81 course, be easily predicted bu,
some lines u Industry the announce
eEts OF projected consultations would F..
en- n have left little room fsr further
creations Of this kind Easily first in
Is direction - the gigantic iron and
eel combination. announced with seem !
z confidence a. - process q forua-
ne Second only IN this however. - The =
rual floating q the great copper com
nation Outgrowths as the=e great
limitations are. - immense Industrial ?
auges IN unany lines they possess a ~-sa- 3
Al interest in ire world ~ trade ara
auCe because q the immense zzzrexa- q
rs q capital ~ industry lrvols-ed IN =
e.r projection i carried out 20 a sue .
ssfEl fnish.
Nals me Wholesale trade continues e =
between SEASONS vo.gue. VERY general :
idence Is forthcoming frat RE aEe-e- :
- Is n excess q last wears god pro- =
rlions an6 re.aa demand r. % ar ~ z
Ir2gtaE character That TIE vcsurne =
faI business haoksz = ~ excess ~ :
: average e. very generally conceded :
varces IN prices ard reported xrea. e. .
ity abroad paint % IRE zIaes2-aaE &C. 6
nd ~ iron and steel ard rer6s- less =
zdtful tbe h15d - American products
foreign markets
he tone q general markets = r8szbly q
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