The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-11-10
BAROMETER Is RISING
Iron in Increased Demand at
Better Prices.
CEREAL MARKETS DULL
Textiles Strong--CottoD Prom
ises 100000 Bales.

New York, Nov. s.-R G. Dun & Co. 5
weekly review Of trade tomorrow VIII
say: Iron markets are in an encouraging
condition. No violent speculation is
threatened. but in numerous instances
better demand has caused small adj
vances. The most notable change thus
far is in pig iron. which is eagerly
sought at all markets. large contracts
being placed at 25 to 80 cents a ton above
the bottom point recently quoted. IN
partially manufactured forms. such as
plates and beams. improvement is defn-
lite, while large building operations win
keep structural material moving freely.
More ships are planned and bridges re-
quire material. Railroads are buying
most products freely. orders for export
are numerous, and foreign makers have
been compelled TO reduce prices for steel
rails.
Spot cotton has not advanced as ex-
pected on the approach Of frost Actual
damage has not come and belief in o
current yield Of 10 100000 bales is strong
er. British exports Of yarns and cloths
in October showed a loss, making the
total for the year very heavy.
Russian ports send out wheat freely,
and even in Argentina the outlook for
the crop is less discouraging, although
the quality in some districts viii be in
ferior Speculative selling here for for
eign account meets every advance and
exports are behind last years Western
receipts are fairly large but the move
ment of corn into sight and out of the
country is extremely light.
A heavy cut in the price of refined
sugar by all the large interests brings
standard graduated to $50.
Speculation in hides is out OF proper
ton to the boot and shoe trade. Prices
at Chicago have advanced for some
months, and leather has only partially
responded, while boots and shoes average
the same price as two months ago. when
the bottom was reached after a long
season Of declining values. New Eng
land shops are doing well at present. but
any attempt to secure better quotations
promptly restricts business Shipments
from Boston are slightly under recent
weeks, but there are ample orders so
long as goods do not respond to more ex-
pensive raw material. This state of af-
fairs cannot continue indefinitely Hirdy
winter weather is making havoc with
textile industries, and almost counteracts
the election. Wool is more active q
Boston than at any previous time this
year, but speculation Is reappearing.
Manufacturers buy in moderation. but
sales at three chief eastern markets
reached S,131000 pounds. Prices are
steady and holders are confident, al
though heavy stocks are available.
Failures for the week were 201 in the
United States, against 157 last year. and
IS in Canada, against 20 last year.
BRADsTREETs
New York, Nov 9.-Bradstreet's tomor-
row viii say: There is d strong tone in
cotton and wool, the former largely be
cause Of reports or fear of crop damage
while the latter is firm at former quota
tons on a volume of business equal to
lately enlarged stocks totals. Cereals +
are, as a whole dull and lack specuIat-
i've interest Wheat is practically I'M
changed, early reports Of Argentine croD
ing, and the latter in turn inducing real
ling Corn is only fractionally higher. /
while hog products are rather slow and
weak
1t is from that longtime barometer Of I
trade, the iron business, that relatively
the best reports as to demand and prices
come. While a considerable volume Of
business was undoubtedly placed. Just
previous to election. the quantity of sales +
reported since has been very satisfactory. /
Chicago reports the past weeks sales Of /
pig at 5000 tons, the largest Of any week (
this year A similar report comes from I
where 10000 tons are re- /
ported placed within the past ten davs. I
while Pittsburg reports the sales Of fn-
shed materials the heaviest since last
spring A similar report as to sales If /
pig iron comes from Cincinnati The
ron sales have been largely at an all
vance Of 50 to * cents per ton. while
oars and structural material have either
7een advanced or the makers ara now
holding meetings to agree upon IN
'reases. A large part Of the business in
,ruder forms is reported to have been on
Export account despite the reports Of
alling iron prices abroad and the very
1tgh freight rates A heavy business has
leen also done in rails at full prices. but
igures OF quantities are withheld some
leavy sales Of bridge material and s-rue-
ural steel are reported at New York.
hardware has moved rather better thar
4 late. Other metals are q5ister ex
ept tin which Is slightly higher az e.
he late weakness
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