Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-08-25
WEATHER BULLETINS


24-The highest temperature was o6.So;
the lowest $685. and the mean 125o.
The wind was gentle southeast to south
and the weather warm and fair, with slowly
falling barometer.
The maximum velocity OF wind was ,,
u miles per hour at $40 p. IN.
Mean barometer, reduced to sea level
30. 036 inches.
Mean humidity IS per cent.
FRED l.. JOHNSON, Observer.
WAR DEPARTMENT, WASHINGTON, ID. c.,
Aug. A.-The indications for thirtY-slX
hours, commencing Saturday, August %,
at z a. m. are as follows:
For Missouri: Fair. slightly warmer;
southerly winds.
For Kansas: Fair, except in southwest
erly Kansas light rains; slightly warmer;
variable winds.
NEW YORK, Aug 24.-R. G. Dun & Co.
reports: Better feeling grows in every d.
rection, crop prospects improve, manufac-
lures are gaining confidence, and dealers,
no longer operating full market, keeniy
appreciate the difference. The present
state of business is clearly encouraging,
larger in volume than year ago and grow
ing more confident in tone. Extensive re-
ports within the week strengthen the be-
lief that the corn crop will be large, the
oat crop large, the yield of wheat not be-
low recent estimates and the yield of cot
ton better than the trade has expected.
Injury to corn proves really serious in
southern Kansas, but over the greater part
of the corn growing area the promise is
natc hnu han
ioursly damaged in some quarters, and
yet the aggregate yield is likely TO prove
the largest on record.
The iron trade does not brighten, as was
expected, though prices were a little
stronger at Pittsburg. About the entire
output of Bessemer ore has been sold at
Cleveland and in eastern markets the
pressure to sell southern iron has lessened,
yet Tennessee No. l is still offered at
$3.50 Philadelphia notes lack of buoy
ancy. Bar iron continues irregular in
price and structural iron dull, and the
outlook in steel rails is considered gloomy,
quotations being $3.50 to $40 at the east,
with sales at the west bringing only S31.25
at Duluth.
The coal trade is phenominally active
and an advance in price is under consider
alton. For the first time in eight years
leather dealers are no longer selling on
declining market. In the wool trade a bet
ter feeling is seen with larger sales at BOs
ton and Philadelphia, and in some grades
better prices
Money is firmer at many points with an
increasing demand, but scarcely any where
is there complaint of closeness, and collec-
tions do not seem to be more backward
than is usual at this season. In the dry
goods trade improvement is especially
noted in Chicago and here a full average
business in cotton is in progress, with a
somewhat more satisfactorily movement
in woolens, especially IN mems wear, goods
Of spring weights and in carpets. The
speculative markets have been variable,
wheat rising &c, with sales of SO,0O0,OO0
bushels here, while oats have declined &c,
and corn has advanced nearly &c, with
sales of 900 bushels. The cotton cor
ner has broken and the price is 75c per 100
pounds lower, with sales of 3lS,000 bales,
while coffee is quarter higher with large
dealings; sugar Is stronger, and oil has
risen 413c.
The rise in foreign exchange from S4.S7
TO S4.S7A is spoken of as due TO temporary
causes. That is not clear. Exports do not
improve and the balance is heavily against
this country. Prices of exportable pro-
ducts advance rapidly. Sales of securities
on foreign account have already contribu-
ted to reaction in the stock market, and
it is not impossible that the presidents
message looking toward retaliation NAV
incline some foreigners to withdraw CAPT
tai or realize profits in the impression
that international relations may be dis
turbed. Any considerable return of for
eign capital placed here would tend
strongly to change the outlook.
The treasury has been putting
out money more freely, holdings So 100000
less than n week ago, and the bank reserve
ut New York is still unusually large At
the same time reports of agreement on
Thursday between warning western roads
and the improving crop prospects, tend to
help the market for stocks but the increase
in the number of failures continues For
four weeks past the record covers 40
against COZ last year. Failures during the
last seven days number PA, as compared
with total of PIG last week and 233 week
previous to the last. For the correspond
ing week of last year the figures We're lS5.