The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-11-25
MONEY IS AL RIGHT
And Oun'S Asserts That 1t AL
ways Has Been.
IRON TRADE CONCESSIONS
Record Wool Sales Cottons
Rising--Exports' Increase.
IRON TRADE CONCESSIONS

New York, Nov PAR. G. Dun & Co. s
weekly review of trade tomorrow will
say: Monetary anxeties have faded
| with sales of bonds to the treasury I'M
der the recent offer, the fall in sterling
| exchange in spite of the dearer money
| abroad and easier here, and the receipt
| of about $4,000 net from the interior
during the week. There is no trouble in
the commercial money market as there
have ruled at easier rates. While the
extraordinary volume of business
throughout the country requires greater
activity of currency than in ordinary
times there is no indication that the vol
ume has not been ample all the year,
and the course of the money market
throughout the interior shows that the
embarrassment here has been due to
operations outside of the industries and
general trade.
The iron industry shows no yielding in
material, but a little advance in Besse-
mer pig at iPttsburg, with large in
quiries for next year. Prices of rails are
maintained, with one contract reported
Of 10000 tons for Japan, and another
pending for South Africa. A single or
der for car axles covers 80 900, or $500
tons. Structural prices do not yield, and
angles are quoted higher. But works
which have nearly or quite filed their
orders are seeking others, with conces-
sions of 81 per ton in eastern plates, 81
in steel hoops and sheets and on bar at
Pittsburg, vile cut nails are quoted 81
lower The general ratio ,of prices for
all finished products is now Pa per cent
lower than November l. though the aver
age for pig iron is l per cent higher.
Copper is unchanged. Tin has been de-
pressed to q 1-2 cents by London specu-
lation, lead is unchanged, spelter is low
er, with rates at $40. and aluminium is
higher al 80 cents for ton lots
Heavy orders in the past are reflected
by shipments of boots and shoes amount
ing to 2S1,272 cases in three weeks, 165
per cent more than in 1897, and 80 per
cent more than in 1894, with other years
still smaller. New business is checked
by continuing rise in prices which have
reached in some grades 20 cents per
pair, with one large contract in grain
creole at p IL cents per pair advance
Sales of wool pass all records, having
been at the three chief markets G, So. 2O3
pounds in three weeks of November
whereas October sales in five weeks are
but 6S,3149S9 pounds. and in only one
! other full month have sales ever reached
! 6O,0000OO pounds. The trading is largely
| between dealers and leaves no Indication
| Of consumption The demand for goods
! continues so large as to encourage much
buying by mills in spite Of the advancing
| prices. Cotton goods are rising also. and
| print cloths have been advanced an
! eighth, proposed sliding scale at Fall
| River having probably averted a strike,
| though at other cities higher wages are
| demanded. Cotton advanced three-six-
| teenths, the decrease of nearly 500, 900
| bales in exports this month being more
than balanced by light receipts from
| plantations.
Wheat wearied spectators with
scarcely any change in prices for the
! week. Though western receipts are 30
! per cent below last years for the week
! and have been in three weeks but t.
565.973 bushels, against 2S,544,199 last year,
| the decrease in exports is heavy. From
| Atlantic ports the outgo for three weeks,
| flour included, has been only 1851, 1871
| bushels. against i, 265, 153 last year. Pa
! Gifts exports for the three weeks have
been 2,7l2457 bushels, against S,376, 800
| last year. The slender foreign demand
in Atlantic markets with prices as low
as they have been. tends strongly to pre-
vent a rise in prices. and the exports
of corn have some influence, amounting
| for the three weeks to II, 100 643 bushels,
against 1920 39 last year.
In spite fthe great decrease in cot
ton and wheat exports of merchandise
| from New York have been nearly s. 800
! 900 larger for the week than last year.
| and for three weeks only about $500, 600,
| or per cent, smaller than last year,
| when from all ports the value for the
| month was S129 797, $50 the largest ever
| known, except in December, and the ex-
| cess of exports over imports was ST.
| 70l1$7. Apparently, manufactured Tex
ports must now be very heavy, although
| prices have been rising. and the increase
in imports, though about "A per cent for
the month, cannot reduce the favorable
balance greatly.
Failures FOR the week have been 191
in the United States against 1SS last
year. and % in Canada against p last
year.
BRADSTREETS
New York, Nov. 24.-Bradstreet's TO-
morrow will say: A striking illustration
OF the underlying strength OF the general
business situation is furnished this week
by the course of prices. Almost without
exception values of staples remain firm at
ASAAN~~~NNNNNN~N@