The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-02-24
Gan | RISE FOREVER
lime Comes for Prices to
Yield, and They Yield.
GOOD FOR THE COUNTRY
Dun'S Says = Instances of
Easier Markets.
GOOD FOR THE COUNTRY

N wv York, Feb. 23.-R. G. Dun & Co.'S
! wee KY review of trade tomorrow will
| say. Prices in materials are yielding
If IA ot the best news possible for some
| specI llators, it is the best that could
| come for the country, since industries
could not long prosper without reaction
from the extreme prices caused by act
uaI o. supposed scarcity of matrials last
year. Some help comes from new iron
fu rnaI es that have opened -tor approached
convp5 tion some from the famine in In
dfa, II hich sends hither ship loads Of
hides, some from the much increased
stocks of sheep which have weathered
the We tier and some from the opening
of new iron, zinc and copper mines. The
causes I ire many but the revision of quo
tations gives promise of greater activity
in all t he chief industries. The great
iron ind lstry has been embarrassed by
prices 70, pig and bulets, which were no
longer So stained by the gradually yield
ing price Of products. Considerable
transactio rs are now reported at Phila-
dtdphia 81 to SL5O per ton below recent
Quotations at Pittsburg 10000 tons hes
sem er hay4a been sold and 1900 tons bill
lets both iron ands teel being reported
81 per ton lower. The new furnaces sup
uIying foundry iron have been competing
sharply at the east and small sales of
bassemer have been made for Pittsburg
delivery at 30 to So cents below previous
quotations. Sheets are strengthened there
by the new combinations, though it does
no embrace some large works, but with
this addition Of 5D0,OO0 tnos yearly and
its sales to the Hop and Tin Plate COM
panies. the National Steel has secured
Irg and rich mines in Minnesota. Plates
are still weak as most consumers are
provided far ahead, but the Pacific or
ders covers 1900 tons and the Chicago
and Northwestern has placed orders TO
the east for $500 tons bridge work Rail
mills are full, but have taken small
contract for export and better business
enabled tin pEl works which have been
idle to resume
Cheaper hides and leather enable boot
and shoe maksrs to take contracts for
split goods at a cents less than prices
recently asked an some large sales have
resulted, giving art Of the shops work
for some time. OTHERS are getting very
few orders and s ONE are stopping or
EXPECT to stop in two weeks. The yield
ing in split leather began early this
month and in hemliok sole a week earlier
and has rearhed one cent per pound while
this week union backs and kip and glove
grain upper leather are cheaper, Hides
at Chicago have again yielded, making
8 per cent fall in a month and 7.3 since
December 30. Supplies accumulate and
on wharves at Jersey City 100000 sides
we're landed from India. Shipments Of
boots and shoes from the east have been
in three weeks Is 1873 cases, against 49,
719 in 1898, the largest previous year.
At last it is admitted wool quotations
SO long held are fully cents per secured
pound higher than prices in large actual
sales last week and since, the decline
covering grades between one quarter
blood and lower, which is in demand and
scarce, and fine fleece graded Xxx or over.
The explanations are many. The fact is
that when mills made enormous sales of
heavy weight goods and then bought no |
wool, the fable that their stocks were ex-
hausted ceased to have force. In fine
medium territory selling at IS cents
secured, and other wool down to the low
grades, the call is general and English
markets are also weaker Goods of fine
grades have been opened with much less
advance in price than was made in cheap
er grades but cancellations continue num-
erous.
Prices of cotton are still on the advance
the Fall River committee having raised
all its goods an eight and in spite of
heavy port receipts, spot cotton advanced
to 900 cents
Failures in three weeks have been
81. PAL go, against $7.129 $50 last year and
81, 293 499 in 1898, but in the previous years
they exceeded SO. 100000. Manufacturing
were 50. S56.5S6. against SS.64S.S64 last year,
and trading were 50 SD. $50 a against Sc 23z.- |
40 last year. Failures for the week have !
been in the United States pol. against !
191 last year, and SO in Canada. against |
40 last year.
BRADSTREETS
New York, Feb. 23.-Bradstreet's re- |
view Of the state Of trade viii say: Cen
eral distr.butive trade is Of satisfactory !
volume, though affected by weather con- !
ditioss and holidays. Spring business is |
charging at many markets east and |
west, the presence of buyers being en-
Outraged by special passenger rates. A |
softening Of prices of speculative dealt |
in staples is to be noted, but the reactions |
are of narrow extent. Money is steady |
as a whole and no higher than a week 1
ago. Bank clearings comparisons are !
"a Their less favorable partly because OF (