The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-07

1
December l. against gain of Q. ooo, 900
bushels in November: and European and
American stocks combined on January l.
1899. aggregated only us. as. 90 bushels. 81
| 100000 bushels smaller than on January
1 last year, 81 900 900 bushels smaller than on
| January l, 1897. 100000 bushels smaller
| than on January l. 1896; So 100000 bushels
/ smaller than on January l. 1895, and &c, :
/ 900 bushels smaller than on January l. 1894
| when the maximum in stock in recent
I years was reached. Stocks in the United
/ States east of the Rockies are the lightest
/ held for eight years past and. with the
/ exception of 1891. are the smallest held for
/ fifteen years past.
! The December total of bank clearings
/ proved fitting conclusion to d year OF I'M
/ pTecedented expensian in many lines, in an
( aggregate OF seyenty-seven cities, OF 81
/ 335, 511, 222, a gain Of 1871 per cent over No
vember's hitherto unapproached total Of
| 23.5 per cent over December, 1887; Of SIS
/ per cent over December. 1896; of 71.2 per
/ cent over the same month Of 1884 and Of
/ 22,7 per cent over the same period Of 1892
/ This latter gain, too, was shown in spite
/ Of the &C THAT the stock clearing house
/ at New York City is estimated TO have re-
| duced the volume Of yearly clearings at
that city Spy 5000, 10000.
! Wheat Grcluding four shipments for the
/ week aggregate $3.50, 26S bushels, against
| 6,2s2 625 bushels last week; 1881. SO bushels
! in the corresponding week OF 1888; S,los.-
1 6Ss bushels in 1897: 3471, ss1 bushels in 1896,
and 2,5S7,17S bushels in 1885. Since July
| l, this year, the exports of wheat aggre-
| b,rSb aOai1Sr 40 lA2 2S4
/ bushels last year.
Corn exports for the week aggregate
4.s44, 2sS bushels, against 3,65s,745 bushels
| last week; 3.445, 4l6 bushels in this week a
/ year ago, 1891, 261 bushels in 1897; 2.62G. 423
/ bushels in 1896, and 067, 4o6 bushels in 1895.
! Since July l. this year, corn exports ag-
gregste IS, 7sS. 927 bushels against $500, 736
Z bushels during the same period a year
/ ago.
/ Business failures in the Dominion of
Canada number IS. against 16 last week;
As in this week year ago; s. in 1897, and
/ SO in 1896.
/ WHAT IRON AND STEEL" SAYS.
! Chicago, Jan. 6--Iron and Steel tomorrow
/ will say: For the opening week Of the
/ new year there is an activity in iron and
steel, which is almost phenomenal. Two
! facts Of importance exist. One is an ad-
| vance from SOC to 81 per ton on many kindc
/ of iron and steel products. The other is a
| scarcity in many lines so marked that
/ grave doubt exists whether manufactur-
/ ers can ill probable demands. The mills
/ have been stormed with orders
! Not in years has there been a week in
| which there has been an advance so sharp
/ and general as in the present one. Beams
and channels are up 81 per ton; tees, angles
! and plates 81 per ton. Standard steel rails
] have advanced from 81 TO 81 per ton and
( light rails 81 per ton. Individual hoop and
/ band makers are quoting prices fifty cents
! higher. Ferro-manganese has advanced
$3.50 per ton. Mills are generally quoting
/ bars about 81 or 81 per ton higher. II is
| Impossible to obtain heavy plates at any
/ price for deliveries within several months.
I Tin has advanced a cent a pound. Copper
and lead are both fractionally stronger
! than a week ago. This list is incomplete
/ but it Is longer than any past period of
! similar length can show for years"
/ BRADSTREETs FINANCIAL REVIEW
/ New York, Jan. 6.-Bradstreet's financial
review tomorrow will say:
]
/ tons with which last weeks speculation
! closed. It was expected that the opening
| OF the new year would be marked by
strength OF an equally decided kind. This
/ was only partly realized this week. new
! records as to quotations having been made
/ in many parts of the stock list, while the
! trading, particularly in the last two days.
/ has shown an activity fully up to the re-
/ cent high average. There was however
/ some disappointment in Wall Street be-
1 cause when the stock exchange re-opened
after the three days holiday. a dispo-
/ sition 70 realize profits took place OF the
( expected larger public buying demand A
sensitive money market in London result
1 ing IN a rather bearish attitude toward
/ American stocks there. contributed 10 hes
Z itation which made itself felt in the gen
eral railroad share lis, here. and which
! apparently caused some Of the professional
+ traders TO temporarily take the bear side.
! The easing of Of quotations on Tuesday
and Wednesday throughout the market
J was not at all severe and in the face Of il
/ the cool stocks displayed considerable
/ strength. while certain speciaIties. ike
! Federal Steel. Brooklyn Rapid Transit and
I
] made rapid advances These movements
! continued on Thursday, by which time the
/ slight hardening II call loan rates. due 20
! the heavy January disbursements and
! changing of loans. had entirely disap-
/ peared Il may be noted that on last Tues
/ day New York hank clearinzs were the
/ largest Tor any day in the history OF The
( clearing mouse. and that notwithstanding
/ this the current rates for call mouey. can
hardly be said % have advanced above
four per cent, While time money vas freely
: offered and was in q. u-tIe demand as
( ever. London. after suffering sonewra,
/ from another accession OF fears about the
relations between Great Britain and
+ France and from the large calls which the
J season naturally brought on the Bank O..
/ England. maintained IL u1fsvorab-e posi-
/ ton toward Americans. which vas not in
/ proved ~ the face that on Thursday
+ 500 ~ gold was taken there in ne open
market for shipment 20 this side. IN.
/ later circumstances vas counted here how
ever. among she buliish influences q the
! moment
some attention vas alE0 paid 70 the con-
+ tlnuei good railroad earnings reports. and
---1t-s+tAl anu At1tt- F4rflfs
stress is laid on TIE general and decided
{ tendency q railroad managers 20 Insist on
{ the collection u fuH tariff rates for re. ght.
+ which i- Is though may result "a perna-
. uenJ restoration % charges 10 a paying
basis A. -he same time the market was
! more interested n TIE manipulation n
/ various paris and me disposition which
{ leading operators and fn2ncia, Interests
are taxing As SeI n various develop
uleais and deals noS said % D pending
which furnished q basis for ne continued
( upward movement % certain stocks