The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-09-22
STRIKE Is 4 CHICK
Outside It Labor is Not Walk
ing About in IdIeness.
WHEAT'S SHARP ADVANCE
Fall in Cotton Metals Were
Active at Former Prices.
WHEAT'S SHARP ADVANCE

large part Of the Atlantic seaboard and
is really the only tangible check to the
general recovery which set in with the
larger demand for iron and steel pro-
| duets. Outside of the anthracite indus
| try enforced idleness of hands is an ex-
ception, and even in the Pennsylvania
|. coal region other employers would glad
{ Iy take on thousands Of more intelligent
miners. The Dorscher sugar refinery
T closed down on account of the scarcity
( OF raw sugar, of which all reiners are
estimated 10 hold only 10000 tons, but
the Lorain Steel company, idle three
mouths, is starting its furnaces, with
othe rs 10 follow. Hesitation incident 10
the presidential campaign is reflected in
deere ,ased bank clearings.
Wheat advanced sharply s points on
Wednesday, helped by gloomy reports
from growing districts and free pur-
chases; at northwest elevators. Sensa-
tlonal gains in prices stopped foreign
buying, which led to heavy liquidation
and a reaction almost as large as the
previous movement.
Cotton has felt the loss of consump-
ton. declining heavily both in spot quo
tatious and option trading. Brighter crop
news from Texas also had depressing
effect The cotton goods market for a
few days continued the strong movement
of last week, but closed less excited,
though bare of goods at first hands.
Heavy curtaih nent Of production is still
the rule STANDARD brown sheetings
again advanced lie, with other goods
following.
Sales Of wool at the three chief mar
kets were only 2,S17,O0G pounds, against
Il, 443. 800 pounds year ago. Holders
continue confident, and dizziness fails to
cause lower prices. Foreign conditions
are unsatisfactory. especially in France,
but fair prices are expected at the Lon
don sales next month.
In iron and steeI products greater act
ivity at former prices was the rule. New
contracts were for moderate amounts,
but a large order for malleable Besseme-
pig iron at southern points makes the
outlook more encouraging, and a Scotch
concern is only prevented from closing a
very large contract for billets by the
high ocean freights in prevalence. The
break on Scotch pig iron warrants had
an international significance. Puddlers
and bar rollers are still waiting their
/ turn for wage settlement. Orders for
}
railroad equipment for September are ex-
pected TO include fully 5000 freight cars
A sharp break in tin was aided by heavy
shipments from the straits.
Lumber is in a stronger position, spruce
selling at $375 per thousand, an ad--
vance of % per cent for the month.
Failures for the week were 211 in the
United States, against 154 last year, and
/ SO in Canada. against IS last year.
BRADSTREETS
New York. Sept. 2l-Bradstreets to-
morrow will say: The unfavorable turn
! given the general industrial situation by
| the strike of anthracite coal miners and
! the possibility of wage disputes in the
/ iron trade. with rather less activity in
/ the latter industry. and some increase of
/ weakness in the prices Of cruder forms,
! have given an appearance Of irregularity
/ to the general trade and business situa-
! ton. On the other hand the course of
/ staple prices has been very generally
upward this week; fall distribution OF dry
/ goods. clothing hats and millinery has
/ been of large vilume at nearly all the
markets: there is a decidedly a better
! tone noted in the boot and shoe and kim
/ dred trades, and the strength of cotton
! goods. though apparently in excess of
( that shown by the raw material. has
been regarded as indicative of confidence
| on the part of the manufacturers. Pre-
| mature opening due TO hot, dry weather,
! Is responsible for portion of the heavy
movement OF cotton TO market, but back
! of this, Of course. y the desire to pro
/ fit by the exceedingly good prices rul-
! Ing The rush Of receipts has been too
much for the bull movement, however.
and the prices are materially lower on
the week
parted company as to prices this week.
| The rush Of buyers to secure stocks has
advanced print cloths, ginshams bleach
ed goods, prints and. in fact. nearly all
classes az cottons. while materially re-
ducing stocks in the hands of commits
sion men and joH5ers Most manuiac-
turers are refusing 10 take orders ahead
! except at value" based upon the cost
! Of raw material. \ little more is re-
| ported doing in raw wool. but II IS most
ly 70 supply current needs OF manufac-
turers and no large amounts of wool can
| be moved except at concessions. The
spring business in mems wooleEs IS still
disappointing.
Reports of damage 70 grain in shock in
the northwest, reinforced by northwest
ern buying IN Chicago, furnished the
key 10 the advance or nearly cents in
wheat this week. followed by a gain OF
/ . 10 . cents iR -four ard Of IL cents
In corn Some Of this advance in wheat
was afterward lost IN realizing. Other
/ products were higher. pork and lard ad-
vanciRg on better export business and
1 butter and cheese on improved UeasNr
- Iron and steel are rather quieter as
whole. and some weakness IS noted in
southern pig and steel billets at Pitts
burg. on the other hand finished pro-
ducts are as rule ara and bars are 10
he advanced s. a. Chicago. Export in
Quiry continues good. but ire high ocean
rates and the scarcity Of any kind OF
freight room renders the outlook uncer-
tam. IN the meanwhile. American bars
and plates are un6evseGlng brand Scotch
goods az the latter points Of production.
The next week viii probably see final &C
tion taken as 10 the remaining wage
scales. as u which depressing reports are
current IN the general metal market
the feature was the collapse - IN
prices, due 10 reports Of the smashing
OF the tin eo.ner
Wheat, including -four shipments. for
The week a-srsea1e SS.S57 5zsaels.
against 4.6S,sS2 bushels last week. 4ssa-
rs bushels in the CORES oa6iuE week Of
lSSs; s24s17 bushels IN Igs<: - IS cusA-
els Ia Isl. and ASA SOS bushels IN 1885