The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-10-18
pun,l W..Llr Rsri.u Of Trld..

NEW YORK, Oct. 12.-h. q. Dun 8
review of the past week has shown the
influence of speculation and the artifi-
cial nature Of the current prices.
Wheat rose about cents per bushel,
broke IL cents in two days and again
rose rapidly, closing II cent higher than
a week ago. Corn advanced fraction
but receded. Oats have risen quarter
and coffee about three quarters of a
cent, but lard has fallen nearly one
cent and the fictitious prices in cotton
have yielded with quotations half
and the sudden advance i'll h deS hAv-
ing resulted in dizziness prices have
yielded half cent.
The only fluctuations in the main
without any reason in conditions of de-
mand and supply have a tendency to
retard all legitimate business. Clear
ings at cities outside or New York
show an increase of sixteen per cent
over the last year with gains
cago and IL IL per cent at
st. Louis where the wheat speculation
RACES and q cents at Boston where
stocks have been fluctuating wildly.
The government crop report
strengthened wheat pointing to yield
of 407 ,0O0, 600 bushels by measures;
estimates Of shortage in weight range
from three to eight pounds per bushel,
but flour has advanced from S1.15 for
shipping grades to $40 per barrel for
patents, or 30 to 43 per cent.
bread, as yet only one sixth. leads to a
fall of sixth in quantity purchased
the difference will be greater than the
shrinkage in weight of what at the
| largest estimate exports have been vir-
Cually stopped from Atlantic ports.
Only 276, 4S5 bushels went out last
week. Meanwhile the corn cIOp is es-
timated at 2,11O, OOO, 900 bushels and
the cheapness of corn tends to lesson
the home demand for wheat.
Advices as to cotton are less satisfac-
tory and in Louisiana, Mississippi and
eastern gulf states the yield will fall
below last years, but the market de-
clines because the previous price was
| fictitious.
Interior reports show that business
continues satisfactorily active. AT
Nashville and New Orleans money is
somewhat lighter and at Baltimore
southern collections are reported very
unsatisfactory as yet.
The capacity of the iron furnaces in
blast October LIST was Il9, 1S9 tons
weekly of anthracite and coke iron
only, against 1882 tons September
LIST and I2S, 563 tons a year ago. The
changes in charcoal iron are probably
not large. The markets are firmer
and 81 $50 is quoted at Philadelphia.
Bar iron is firm at the recent advance
and the fact that only IS per ton is
asked in exchange of new steel for old
iron rails has led some sales of which
u 600 tons are reported for eastern
mills.
Boot and shoe buyers are slow, the
west reports that an advance in prices
cannot be made.
In dry goods there is a general COM
plant of dullnesS and many look for no
change until after the election.
During the week g., 70O, 900 has been
paid out by the treasury i'll excess of
the receipts and the impression that
the expansion of currency has nearly
come to an end, for the season, has
some influence upon the makers.
Stocks have hesitated but the prevail
ing tone is confident.
Merchandise imports last week were
IL per cent. smaller than last years
and exports from New York also show
Shrinkage of 6 per cent.
The business failures number 227
as compared with a total of 2II last
week and 220 the week previous. For
the corresponding week of last year
the figures were 202.