The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-06
D|IN'S TRADE REVIEW
Whole World Amazed at
Performance of Stocks.
COLLECTIONS ARE GOOD
Boot and Shoe Shipments
Steadily Increasing.


view of trade tomorrow will say: While
the general business world has looked
with amazement at the performance OF
the stock market, trade has maintained
| its even course and there are many that
points Of gain than of loss with even
slightly steadier tone in the dry goods
market Some sellers have withdrawn
offers at recent low prices though buying
is small as yet. Collections in all lines
are unusually prompt, and in the build
ing trades contracts have been entered
into sufficient to furnish a decided i'm
petus in all lies during the spring sea-
| son.
No sign Of lessening demand is percepti-
BILE in any branch Of the iron and steel
industry. Mills are accepting contracts
for The closing months Of the year and
there is every indication that 1901 viii
surpass all records in the quantity Of pig
iron consumed by manufacturers. Though
the capacity has been wonderfully en-
larged during the past five months, there
are still many extensions and new plants
/ contemplated. 1t is also probable that
the customary summer repairs Of fur
naces and Mus will be accomplished
within a shorter period than usual as
contracts ca1 for heavy deliveries right
throueA the season. Permanence of pros
perity IN this industry is becoming more
certain as there is les sevidence OF in
lated prices. Regular quotations have
not altered except for bars and foundry
iron, although all sorts of premiums are
paid where prompt shipment is required.
Although fewer ovens are active in the
Connellsvine region than year ago. the
output is much larger, and about 1900. 900
tons were made during the quarter.
Shipments of boots an shoes from Bos-
ton are steadily increasing, the last
weeks movements reaching s4.453 cases
against 92,975 in the previous week and
ss.O34 year ago. Quotations are steady.
but it is feared recent declines in leather
and hides viii make it possible for the
small shoe manufacturers to cut prices
when they are compelled to seek new
business. An unexpected demand has ap-
peared for russell shoes, equalling last
years bushes, despite the fact that
these lines were considered less popular.
The circular of Coates Bros. on April l.
made the average of 100 grades of wool
1879 cents. q decline Of nearly a cent
since March !, and 5 IL cents compared
with April, 1900. During the past two
weeks however. the market has steadied
and there is much more trading. Moder-
ate buying is done by worsted mills.
After declining within lie of cents it
was not surprising to see cotton recover
half cent The oversold condition Of
a.
sponsibIe an dsouthern dispatches gave
support by statements of unfavorable
planting conditions. Supplies were
against any pronounced rise in price,
however, and continued extremely de-
pressive. Aggressive manipulation of corn
forced prices to an unreasonable point,
from which the fall was severe; and
wheat also weakened, although exports
from the Atlantic coast continued liberal.
Port products did not show the usual
sympathy with corn when it reacted, for
Chicago operators absorbed offerings
readily.
Commercial failures in the first quarter
of 1901 were 1886 in nmber and S31. 703, 1876
in amount of defaulted liabilities, of
which 10 were in manufacturing for s12,-
5O4.222, and 2.46s in trading for 1885, 9O6
with 157 others, not properly included in
either class, that owed S4,646. 35s Banking
defaults numbered q with liabilities Of
50. 4A3S9. While exceeding the same
three months of last year in number fall
ures were much smaller in amount, COM
mercial and financial insolvencies togeth-
er showing a decrease of 81. 532180 Only
two years of the last twenty made a bet
Ter showing either in aggregate or aver
age Indebtedness to each failure. while
the proportion Of S2s.74 to each firm in
business and $l.O9 to each 81 900 of sol
vent payments through clearing houses
are records that were surpassed but once
in two decades. For the month OIL March
total liabilities were much smaller than
in the corresponding month of any year
since monthly statements were first pub
lished. These figures indicate most IN
deniahly that the new century has open
ed with business on no uncertain founda-
ton.