The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-31
/ Is FARMERS MEEK
General Strengthening of
Agricultural Staples.
COTTON is The EXCEPTION
Enormous Corn Movement at
Higher Prices.

New York, March SO.-Bradstreets to-
L borrow will say: It has been a quiet
sol ue few western etaosinhdrulesthnuu
week in tdistributive trade, except in
some few western centers, this being es-
peciau v true of the dry goods business.
Wholess Ie trade in this line has been
generally completed, and. pending the eff
feet of 81 uing demand upon the retail
trade the h Narkets are in waiting stage.
AS regards prices, the feature of the
week has been the strength manifesto ted
by agricultural products and provisions.
The advances in the latter, in fact, are
regarded IS foreehadowing an upward
movement in hog products, long predict
ed but only partially realized. Numerous
advances in wages have still further ad-
Eanced the purchasing power of the com
munity. Disquieting advioaS as to the in
ternaional complications and less favor
able French crop reports have furnished
the basis for slight upward movement
in wheat. Winter wheat crop advances
have been, on the whole, good and have
acted as a balance to the stories of
French damage. Corn has been strong
in sympathy with wheat and some re-
newaI Of foreign buying, aided by unsat-
isfactory advices as to the quality of new
arrivals.
Alone of the agricultural staples, cot
ton has weakened during the week, not
because of any Impairment of the Stats
strong, bat really because some speculat-
i've holders have got tired and have Civ
en- ear to reports of dullness in the cot
ton goods demand. New business in this
latter line is undoubtedly quiet, but most
of the mills are heavily sold ahead, and
finished prod Ucts have not advanced pro-
pOrtiOnately as much as the cruder forms
Wool has been more active, but consid-
cradle business has been done at con-
cessions. The Generalization in the sugar
business is clearly confined to the refn-
ing branch, because, while quotations of
the finished products have been lowered,
the heavy reiners have been large buy
ers, and raw sugar has actually advanced
the result being a still further shrinkage
in the margin of profit in refining
The recent advance in leather has tend
ed to restrict new business, but advices
from the boot and shoe industry are on
the whole favorable. There has been
some accumulation of stocks of lumber
and talk of over production in some
states of the south, but price weakness is
not notable. Manufacturers and jobbers
in carpets and upholstery report a heavy
season S business booked.
Wheat. including flour. shipments for
the week aggregate 1885,, 349 bushels. as
against . 1903, 495 last week, 8, 9SS, 23S in the
corresponding week of 1899 $3.50 664 bush
els in 1898, 464,645 bushels in 1897. and
1.6s3. 927 bushels in 1895. Since July 1, this
season, the export Of wheat aggregated
147, 172 $50 bushels, against 1884, $50, $40 bush
els last year and $50. ,552 in 1898. Corn
exports for the week aggregate 3,193, 6SS !
bushels, against 3,123,S4S last week 2,411.-
Alb in this week a year ago, 4,507, 722 in
1898. A,970127 in 1897 and 564 in 1896.
Since July I. this season, the corn exports
aggregate 155561,615 bushels, against 49,
565,O25 during the same period year ago
and 1S5, sol, $40 bushels in 1898.
Business failures in the United States
for the week number 49, as compared
year ago. 226 in 1898. 212 in 1897 and 2S6 in
1896 Business failures in the Dominion
of Canada for the week number %,
as against % last week. 80 in this week a |
year ago, 80 in 1898, IS in 1897 and 4S
in 1896.
DUN'S REVIEW OF TRADE.
New York, March 3O-R. G. Dun & !
Co.'S weekly review of trade tomorrow
will say: Progress toward better things |
has been unmistakeable. It was a year
ago that the frenzied speculation in in
dustrial stocks reached it's elimination, |
with prices averaging higher than at any
time since. while railroad stocks, after /
some decline, rose Sis per share higher |
in September and after the fall in both, !
which ended in December. have now ris- /
en- $S.55 per share, TO the highest point 4
Of this year. The advance during the /
past week has been remarkably vigorous /
and with more public support than be- /
fore. Wheat exports fall far below last |
years. amounting IN the week to 9,766 S91 |
bushels, against Il 1856 bushels last 1
year. The price has advanced IA cents, /
with statements that the crop of France 4
IS greatly reduced, though it is rather /
early TO make any such estimate. The /
exports Of corn again prove the magni- /
tude of foreign demand for cereals, as
the extraordinary movement of last year
Is closely approached. 1l.794.S75 bushels /
having gone abroad in four weeks,
against l2102,S1 bushels last year. The .
western receipts are nearly three times
as large os IN the same week last year,
indicating an abundant supply on hand.
b71t tbA rrfCn has risaD 10 oau+S