The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-21

advances are frankly stated TO be due 20
the desire Of the makers TO discourage
orders incapable OF fulfillment within any
reasonable time A strong side light upon
the strength of iron and steel the world
over Is offered by the statement that iron
in Glasgow this week reached the highest
price noted for ten years past Features
of the domestic market have been gain
in prices OF Beszemsr pig, steel bilIets.
rods and steel rails and in addition, cop
per, lead and tin are al higher.
Little change is reportable in the market
for cereals and the market for cash wheat
stu reflects the commanding position held
by the United States in supplying the
world with wheat, notwithstanding the
predictions Of near approaching competi-
ton from Argentine and from Russia, ship
ments from which particularly the latter
do not al all accord with the liberal essi-
mates Of production published some little
time ago.
There is perceptible improvement in
the demand for dry goods. particularly
cotton fabrics. at New York and Boston
where late advances are firmly held, There
IS also more doing in dress woolens al the
markets
The lumber trade al most markets Is in
a satisfactory condition. The strength Of
prices is unimpaired and advances in white
pine are reported from the west. while in
hard woods, values and confidence are
alike unchanged.
Adv;ces as to the general distributive
trade are quite favorable. Raw wool IS
dull but steady. At the London sale price.
made that present American stocks OF wool
will have to be replaced at considerably
higher range of values. The outlook in the
boot and shoe trade is regarded as good
and a fair business IS doing at steady
prices in hides and leather.
Wheat Including four shipments for
the week aggregate 5.19s,s71 bushels.
against 5,647. Oh bushels last week 8, 726 064
bushels in the corresponding week Of 1858.
706 bushels in 1897. 2.S4e.271 bushels in
1886 and 2,s40, 80 bushels in 1895. Since
July !, this season tn exports Of wheat
aggregate 1S9, 224. 7l9 bushels. against AL
46s $50 bushels last year.
Corn exports for the week aggregate
1928, ls1 bushels, against 2,297 .2os bushels
last week. 2.4S1.713 bushels IN the week a
year ago 9520. 322 bushels IN 1897: 1882 s6s
bushels in 1896 and 800 bushels in 1896.
Since July l this season corn exports ag-
gregate 90 go 100 bushels. against 81. 9f3 1919
bushels during the same period year ago.
Business failures in tn. United States
show quite a decrease from last week.
numbering 2a2. against 3O4 a week ago, 300
in this week a year ago, 42s in 1897; S41
IN 1895 and 312 in 1895.
Business failures in the Dominion Of
Canada number 30, against "a last week,
46 in this week a year ago, 81 in 1897; 50
in 1896 and IS in 1895
BRADSTREETS FINANCIAL REVIEW.
New York, Jan. 20-Bradstreet's financial
review tomorrow will say:
In the early part OF the week there was
a marked decrease in the activity of specu-
lation. Transactions at the stock exchange
fell of 70 900 or 10000 shares a day.
and evidences Of heavy realizing sales
were seen in some parts of the share list
In the face of this the standard stocks
continued their advance and new high
price records were made in the Changers
and other dividend-payers. AS was the
case in the preceding week, this movement
was partly ascrtbed TO leading interests
in the market but, whatever its origin, il
certainly had the effect of checking any
wholesale liquidation and OF attracting
fresG outside purchasers OF stocks. Lon
don was a seller and contributed to the
hating tone Of the general market At
the same time the speculation as a whole
retained the characteristic marks of bull
ish excitement, and as the week wore on
renewed strength of a decided quality dis
played itself in various parts OF the dis
trict. The iron stocks were higher and
more active on favorable accounts given
OF the condition of the steel and iron in
dustries, while the street at large was
duly impressed by the phenomenally favor
able character OF the foreign trade state
ment for the month of December and the
calendar year 1858. issued by the treasury
department. The continuance OF the ad-
vance in the Granger stocks aided IN keep
ing up the bullsh tendencies OF the aver
age Spectator and In adding new recruits
for the portion of the public which is TAX
ing part in the market. Another powerful
influence of a favorable kind was the east
ness OF the foreign money markets, both
London and the continental cities showing
decidedly lower interest rates. Conse-
sequently when the Bank of nglaud dis
count rate was reduced half per cent, 10
81 per cent. and the open market figures
fell 20 , per cent less. accompanied by
renewed buying OF American stocks for
foreign account, there was an immediate
response on this side. The volume of
here again ran on Thursday
to over one million shares for the day. and
there was an advance in all parts OF the
list, fresh high levels being touched. not
only by the standard stocks. but the Pa
cifc group and specialJies Of various kinds.
BANK CLEARINGy