The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-02-03

there was rush to get in orders before
works became crowded and prices adj
vanoed. This year the works were al
ready crowded for months ahead in most
lines and prices had already advanced so
far that recovery had almost COM
menced in some branches and was
thought probable in others. With the
one exception of wooden manufactures,
! the chief industries have met less new
! business in January than last year, al
though deliveries on previous contracts
have been larger than a year ago. In
work turned out the past month proba-
/ bly, surpasses ali others and, rightly con-
sidered, the fact that new contracts for
works already we'll supplied are smaller
! than last year is not Of itself discourag-
| ing. The great burst Of speculation last
year swelled January payments through
! clearing houses far behind those Of this
year at New York and such payments at
other C540) cities also arevaged per bust
ness day a shade larger than this year
But much greater decrease must have
appeared in transactions connected with
! the formation of new companies.
| Wheat rose one cent but soon reacted.
Atlantic exports, only l. 466. 522 bushels,
flour included, for the week, as against
1872 1876 bushels last year, had more infu-
! ence than the decrease in eastern re-
ceipts, which have been for the week SO
per cent, and for five weeks 40 per cent,
! less than last year, while the decrease in
Atlantic exports for five weeks has been
81 per cent. Pacific exports have been
| 4,209300 bushels in five weeks, against
/ 3,670S52 bushels last year. The price of
corn is fairly steady, with exports for
the week much smaller than last year,
but in five weeks 16, 800 bushels, against
16,5S9,514 bushels last year. The western
receipts decreased more than the ex-
ports. Speculation in cotton has raised
the price to 81 cents, without improve
ment in demand. The receipts from plan
tatoins still fall so far behind last years
that lowest estimates of yield are aided.
Wool is rather weaker in some grades.
but stronger in others, so that the aver
age OF quotations is steady, notwith-
standing some sales at concessions. The
mills have taken extraordinary orders
for the heavyweight season without af-
forwards looking for wool, and obviously
have on hand large stocks so that the
market depends upon the sutffciency of
the supplies they hold Prices of goods
are still rising a little but are relatively
lower than the material. Boot and shoe
manufacturers have passed all records in
deliveries, nearly 20 per cent beyond those
Of January last year, but new orders
have been greatly restricted. Recent
sales of hemlock sole and of rough, while
hides at Chicago continue their gradual
decline.
The iron and steel industry IS so far
tied IN by contracts reaching through
most OF the year that the effect of pro-
duction exceeding consumption is felt
only in some branches. A little lower
prices have been made for foundry iron
IN considerable transactions, though Bes-
semer does not yield, but steel biIlets
are offered by some at $50 per ton. Diff
ferences between producers and some OF
the largest consumers of steel block the
market In plates and bars concessions
are still made to secure business; in
sheets the demand is stronger. and in rails
structural forms. tin plates and nails the
prices are held firmly.
Failures for the week have been go in
the United States. against 224 last year,
and 81 in Canada, against . last year.