The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-27
No NEWS GOOD NEWS
Business Quieter, But It Has a
Good Excuse for II.
WOOL MILLS ON A BOOM
Weather Against Retailing
SeaSonabIe Goods.

New York, Jan. Or. G. Dun & Co. s
! review will say tomorrow: No news is
always good news. New business for
in some branches and much below pro-
dh ction last month It is, perhaps, too
citizen forgotten that the industries start
this year with larger contracts ahead
ii ham ever before and when half the
W ork of the whole year has been ordered
in advance. there can not continue quite
the same activity in new buying. The
WOODEN manufacturer has just opened a
new season with the largest transac-
lions ever lEnown in a single week, it is
said, W.T. i'll most other lines contracts
previoL sly b ooked would make similar ac-
tivity 4anpos sfble. Yet there is seen
enough Of hesitation caused by advanced
prices to make inactivity trying. Dis
tribution 10 consumers throughout the
country 5 rapid and large, especially in
quarters where it has been feared that
retailers we're over-buying, so that there
is strong confidence in the future. It
could not be expected that business would
adjust itse Ct without any embarrassment
to such a rise of prices as has occurred.
Early in december wool rose too high
for prices then obtainable for wooden
goods and weeks Of dizziness followed.
The boot and shoe manufacturers are re-
ceiving small orders, as jobbers pay the
prices asked only for such limited sup
plies as are Needed for sorting, but their
urgency to receive goods heretofore order
ed is marked, and shipments from Bos-
ton have been $50, 1863 cases in four weeks.
about 4 per cent more than in 1898 and IS
per cent more than in 1895, with greater
increase over ,eg cry other year. Leather
is inactive and slightly weaker in spite
Of heavy exports, and hides are yielding
at Chicago, with accumulation of stocks.
Iron and steel q rices have been yielding
for several weeks and are a shade lower
for products than at any other time since
the middle Of SeA TENDER, though Besse-
mer pig and billets are still so scarce and
firmly held that OF two sales amount
ing to 5000 tons are anywhere reported
Agreements to 1lolSl the prbce of bars do
not prevent sales at Philadelphia at
s2.071@, OF iron considered by buyers best
refined, according to the Iron Age Sell
ers call it common, and plates and
sheets are both irregular there with mar
row plates sold ant Pltts5urg below 1928
Structural shapes are not quoted lower.
but the New York Central contract for
L, 900 tons bridge material went to Penn
sylvania, Penoyd and Detroit works. and
two orders for 8. 900 tons rails are taken
at Chicago. Last year 13,S207O3 tons Of
pig were produced, according to the off,
cia1 record, the consumption being -
1877 tons In minor metals tin only
has been active, January options being
quoted at 271Rc. The cotton manufacturer
meets but medium demand for goods and
the extensive famine In India is expected
to reduce British sales in that country.
while the addition of 1858, 3S3 spindles at
the south in 1899 reported by the Textile
World would imply a heavier increase
than has been supposed. Scarcity of wa
ter has curtailed the output for weeks
past, and yet prices are hardly held,
with distant contracts shade lower
Cotton has risen to cents, although ex-
ports during the month have been 274. 900
bales smaller than last year, receipte
from plantations having diminished abont
as much. Middling uplands are now sold
at a higher price than has been quoted
since September. 1897, and are more than
IL cents higher than at this time last
year
Wheat has advanced to f57s cents, with
no clear reason for such a sharp advance.
Receipts are small, In four weeks only
10.9S4,92S bushels, against 17,290.297 bush
els last year, but the Atlantic exports
have been only 7,737,474 bushels, -four IN
cluded, against 11,037,8s last year. Pa
ciic exports show a little gain. amount
ing to 3,311. 235 bushels for the same four
weeks against 2.175,24S last year, but
this is of no aid to Atlantic markets
Exports Of corn still show that A1neri-
can food is wanted abroad, having been
in four weeks 1882, 1872 bushels. against
12,970,564 last year. Nevertheless, the
price Of cash corn has declined about
three-quarters of a cent. although option
prices are about the same as at the close
last week.
Failures for the week have been 2S1 In
the United States, against 224 last year.
and IS in Canada, against SO last year.
BRADSTREETS
New York, Jan. 26.-Bradstreet's to-
morrow will say: Exceptions to the quiet
and even dulness shown by the many
lines of trade and speculation are found
III the active demand for wooden goods
for next falls delivery and in the active
call for dry goods on spring account. In
the latter direction prices show special
strength and the bulk of the business
placed in woolens has been at an advance
Of . to 40 per cent. In other lines nota-
bic steadiness is shown in prices. Wealth
er conditions throughout the country part
Of the week have been against retail
trade in seasonable goods and there is
very general complaint Of large stocks
Of winter goods in the hands of this