The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-01-26
BOON FOR STAPLES
Business During Two Months
Has Been Unprecedented.
I0B8ING TRADE is GOOD
Failures for the Week Show
increase Over Last Year.

New York. Jan 25.-R c. Dun & Co.'S
weekly review Of trade VIII say tomor-
row:
, Rarely has there been more business
in staple and in manufactured goods At
+ practically unchanged prices than during
the period since November / This week
seems TO have marked the climax Of the
enormous dealings Al figures which have
become familiar.
The heavy trade IN pig iron at better
prices. yhe larger distribution OF dry
goods az a drmer range O. quotations.
and the rush 10 secure prompt delivery
Of boots and shoes all indicate that bus
mess may have escaped one of those
weary read ustments Of prices viii h
have proved often 50 trying in recent
years. JOobing trade IN the interior S
good, and collections continue excel e1t-
Bank clearings al New York gan al
per cent over 1860. and Is per cent over
1890. for the week. while al leading cites
outside New York there IS gain of -
Per cent over 1850. and Der cent over
1885 Railroad earnings thus far reported
for January show a gain Of IA per cent
over last year. and = per cent Tor
1893
After a week Of quietness. partly due
10 uncertainty regarding competition
among leading interests, the iron and
steel industry has taken another long
stride forward The feature was ener-
nous buying Of pig at an advan Ito
$3.50 at Pittsburg This sudden aciv-
ity in the raw material removed fear
that stocks might oe accommodating a
heavy contracts for finished products Ia.
ken By the mills In some directions
there is less foreign inquiry although an
unusually heavy shipment of biliets went
10 Glasgow and exports Of rails have
not ceased. Freight rates 10 the coast
are still considered excessive by manu-
facturers. and there is more inclination
70 push domestic business on this ac-
count Arbitration Is expected 70 prevent
SUSPENSION of work al the furnaces.
where a strike was threatened on Feb
ruary l. Pooling Of coke interests out
side the ConneIisville region IS being dis
cussed. but the quality has always been
inferior and sales onl. Effected at con-
cessions. Further Improvement IS Sc n
in footwear and manufacturers are re-
ceiving ample orders. Shipments from
Boston for the year thus far amount 70
a35, 40 cases, against 2So.ss3 in 1907. which
Is much better showing than in recent
months. Leather has been Irregular IN
demand. but prices are steady. Hides AZ
Chicago fuctuated widely. with more
grades sold at a concession than at adj
vances- 1t is difficult 70 find snc0urag-
ing features in the wool situation Sa1es
for the week at the chief eastern cflt s
were a million pounds smaller than ia
the preceding week. and in four weeks
the aggregate IS only Is, 275.7o0 pounds
against 2l,5e4, 100 pounds last year. Not
only IS there an utter advance of spec
ulative operations. but purchases b.
are restricted to require
ments for orders on hand Domestic
quotations have not hardened in svm-
patny with the better prices obtained a
London. while few sales are reported
at moderate concessions. Hopes for S7e
future are based on Indifference Of deal
IS and growers 70 sell AZ current prices.
put present heavy stocks viii be aug
nented in few months by the new
clip. Dullness in wooden goods ia the
and while the manufacture Is
depressed, there is little ENCOURAGEMENT
Tor the raw material Staple prices have
moved with narrow limits, little atten-
ion being given 70 widely varying esti-
mates from Argentina or reports Of dam
age IN the northwest through insufficient
snow. Despite the advance ia prices
over those prevailing a year ago, exports
II wheat including -four from Atlantic
Dorts for the week were ID SIS bushels.
igainst 1.6441fs last year, and OF corn
,472-6l4 bushels, against 2.1s7 s07 n 1900
Western receipts OF corn were heavy.