The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-03-25

els in this week a year ago: 5. So, ST. bush
els in 1897: LIZ, sS2 bushels in 1896 and
672, SO bushels in 1895. Since July 1 this
season corn exports aggregate rs Is, 80
bushels. against Isl. 0Ss, se6 bushels during
| the same period year ago.
Business failures for the week number
only 1s2. as against 2O6 last week. q drop
of q, as compared with the 215 in this
| week year ago, 22l In 1897. 276 in iSS6 and
2S2 in 1895. and Canadian failures number
80 for the week. as against u last week,
% in this week a year ago, 40in 1897. II
in 1896 and 10 in 1895.
BRADSTREETS FINANCIAL REVIEW
New York. March A-Bradstreet's
Financial Review tomorrow viii say: Al
though decidedly irregular, the market
this week was generally strong, its most
remarkable feature being the resistance
which was offered 70 the influence Of
higher rates for money. AS explained
elsewhere, the combination Of seasonable
demands from the interior for the April
settlements, with the temporary locking
up of some large accounts in connection
with the pending industrial companies
deals, caused at the beginning of the week
| marked reduction in the supply Of call
money and an advance in the rates which
Wall street had to pay for accOmmoda-
ton on stock collateral TO 5 and per cent,
some quotations as high as S 10 10 per
cent being also recorded. There has never
been a time when the amount Of securi-
ties in the market held for speculative ac-
count and carried in loans OF this kind
was so large. The increasing proportion
of Industrial securities. many OF them new
and of INFESTED value. also seemed 10
conservative people to constitute a dan
ger, and it IS not strange that many lend
ers refuse to accept such collateral. and
that where loans are made upon il higher
rates and wider margins are demanded.
Stimulated as the bull market has been
since last autumn by the exceptionally
large supplies of loanable funds and the
easy rates, the hardening Of the money
market was considered likely TO result in
considerable seculative liquidation Last
week had developed symptoms Of such
tendency, but 10 the surprise of Wall
street Itself, the further upward move
ment of rates for money at the beginning
of the present one produced no great in
development of bullish activity and ma1tp-
ulation in various parts Of the list. This
may be attributed largely 10 the general
recognition Of the fact that the causes for
the squirt in money rates weer temporary
and that after April l it is probable that
a return flow of money from the interior
will result in renewed ease. In fact. shere
is rason TO believe that outside Institutions
offered increased accounts in consequence
OF the news that rates had advanced.
While time money was in increased ie-
quest by Wall street borrowers there has
been large and increasing supply and
money on railroad collateral could De east
ly obtained al per cent. while at higher
rates borrowers on Industrial securities
can secure accommodation in spite Of the
conservatism which is expressed about the
latter class of securities. AS the week
progressed the release Of money which
had been temporarily tied up by some
large industrial deals, with other causes,
resulted in easier conditions as 10 rates
and supplies. and the relief to the money
market was reflected by renewed strength
in prices.
NEW YORK STOCKS.
New York Stock markets. furnished by
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and long distance telephone. 494: