The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-09-01
Distribution Is GOOD.
Iron and Steel Trades Show o
Gain in Volume.
AUGUST FAILURES LOW
Weather Conditions Better for
Cotton and Corn.

two banks with liabilities of $4,000.
This is the best monthly statement for
1900 thus far but shows an increase over
the correspu nding month in the two pre-
ceding years
Steel mills in the Cumberland district
and so me i'm Indiana have shut down,
throwing m any hands out, and part of
these VIII be transferred to other de-
nartmentss Of the new Crucible Steel
company. Otherwise the working forces
is increas ing. and hope is expressed of an
adjustments with the Anthracite coal min
ers. Reading company miners are SAID
tn be oppo ,edl to a strike and some others
are in thes same position. Another i'm
portant in. au ence of the week has been
favorable VIE. lther for the development OF
corn over tn greater part of the sur
.nlus corn states, though heavy rains in
the spring heat region have retarded
harvesting. ,Che cotton movement Is
slow and Iata :. but weather conditions
average better, except in the Carolines
Price changes are small
Steady impro vements are seen in the
iron markets. 1t is not marked by large
advances, but yherever change occurs
If is in the right direction. 1t is claimed
nv some authO titles that orders cur
rentlv booked as gregate more than pro
duction and ship ments. Special conces-
sions to secure prospective business are
withdrawn and buyers seek contracts for
Drornpt delivery. In some lines mills are
actively employed with orders for
r,o,+bs ahead. and contracts running to
lime were placed this week. Sales Of
iron bars were made at s1.40 and SIG Is
ouo+ed for Bessreu,er pig at Pittsburg-
western stove manufacturers have been
h,,,,ine freely and more bridge builders
eie,ned contracts for structural material.
Merchant steel advanced in increased or
ders while domestic purchases of cotton
ties were large, although rather late.
Copper exports average a mllllaon
mounds a day and the market is in a
strong position Iron ore handlers have
made trouble at Cleveland and the in
dustrv will he embarrassed by delay in
unloading vessels. Further reduction is
shown in the output at Connellsville
coke ovens.
IT is not possible to report progress
in the boot and shoe industry, unless
If can be considered encouraging that
continued activity at the shops must in
time reduce stocks to point where ord
ers will mean assumptions Of operations.
There is generally qliet at both cotton
and wooden mills. The only manufact-
urers showing any interest in wool at
Boston are those with COVER nment con-
tracts that must be filled promptly.
ern holders have not lost any of their
confidence Sales at the three chief east
ern marketswere only 4,23470O pounds,
against 5,062. 800 pounds in the previous
week and 6,S2S7O pounds year ago.
BRADSTREET'S
New York, Aug. S1.-Bradstreets to-
morrow will say: Distributlye trade,
that from jobbers particularly, increases
as the vacation season wanes. Reports
from leading western centers are more
| favorable, and large aggregate of bus
mess in dry goods, clothing, shoes, hats
and hardware is a feature noted this
week. The iron and steel trade, too.
notes a decided gain in tone and volume
| Of sales, though prices, except in a few
instances. harden but slowly. Clearings,
rejecting past business and dormant
speculation, are very small but rail-
road earnings, rejecting the really heavy
| actual movement into consumption, main
| tain their old gains Relatively the
most quiet and least satisfactory condi-
/ tons rule in the primary textile mark
cts of the east, rejecting the backward
/ state of next springs business. Corn
! crop advices are viewed as rather better
| because of Intending of the late dry hot
/ spell at thewest. Cotton crop conditions
are still. however, only partially defined,
and leading state authorities are quoted
as predicting a short crop. The steadi-
ness of staple prices is a feature in the
| present quietness of trade. Among the
metals. copper is firm on the conbina-
ton. while tin is lower. after a little
squirt
In the volume of business doing. the
iron trade compares favorably with re-
| cent weeks and months. and the tone
Of trade is certainly more cheerful than
at any time since the break last spring
The history Of the slump and rally in
the finished material market IS. however.
being repeated in the pig iron trade.
/ Producers are apparently so anxious to
1 have supply Of orders on hands this
| fall that they are readily selling their
! production ahead at relatively low QUO
tations. some of these in fact being at
| bottom prices. on the other hand order
for 15cO tons for next years delivery
has been rejected the claim being that
| present quotations are too low and will
be exceeded in a month or so Export
!
has been good. Bars. shapes and plates
met good domestic and export inquiry.
/ and are frmer at the east and s. to 50
higher at Chicago. Southern iron stocks
Of higher grades are reported oversold
at Birmingham. To disappointing for
eisn sdvices and the backward state Of
the spring demand for cotton goods are
To be attributed the shading in raw cot
ton this week. The spring season in
mems wear. wooiens. has been rather dis
appointing 80 FAR, while the 5oobing de-
mand for dress goods Is quite favora Die.
Manufacturers are buying only enough
raw wool to cover orders FOR goods. and
prices are weak At the loves point
reached.
Wheat. including -four, shipments FOR
the week. aggregate 224Ssls bushels.
against 2s5s.15S bushels last week. 3sl2-
4f2 bushels in The corresponding week Of
1895. SsSIei0 bushels in 1Sss. SIS 2s7
bushels in ISL. sad 2Sss. $50 bushels in
lss6 From July I 10 date this season.
whea. exports are = ss47sl bushels.
against 2s.l22. ss3 bushels last season and
ss5ss 7es bushels fl 1850. Corn exports
for the week aggregate s.717.sso bushels.