The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-09-20
GRAIN MOVEMENT RETARDED.
Prices of Products Need Adjustment,
Which Is Looked for Soon.

New YORK. Sept. 19-R. g. Dun G. Co.'S
weekly review OF trade says: The root o
the difficulty is that wheat is quoted a
9S8Ic at Chicago, Sl02I here, and only
about 81 03at Liverpool for the same grade
so that no free and natural movement tC
the seaboard or hence to Europe can take
place Similar obstacles check the move
ment of some other products. Exports o.
wheat and corn are not half those of last
year at corresponding dates. But imports
are coming forward in large volume
anxiety TO get goods entered here before
the new tariff goes in effect being great
In half of September the increase
of imports over last year at New
York has been Q per cent, but the
decrease in exports hence has been 70 per
cent The movement during the past
week has been toward a natural adjust
ment of prices and wheat is a cent lower
with sales of 3l.000,000 bushels: corn y
lower with sales of y 600, 900 bushels; cot
ton x cent lower with sales of $1,000 bales
and lard and hogs a shade lower, but oats
have risen a fraction, oil nearly cent and
butter and some other farm products are
higher
The interior money markets are gener-
ally closer, with the strong demand which
an unprecedented volume of business nat
urally causes. At Boston the stringency
affects trade somewhat but wool is in
much better demand Wool also shows
improvement in Philadelphia and cotton
manufacture is fairly active The iron
trade is very active and nail makers adj
vance prices TO 81 per keg.
Chicago has large decrease from last
year in receipts Of grain but increase in
lard, cheese, hides and wool. Dry goods
and clothing sales exceed last years with
prompt collections and the boot and shoe
trade also, though for the week more quiet.
Money at Chicago is close and rates sitter,
the demand being very heavy but the
stringency does not affect general trade
st. Louis notes good fall trade in all lines,
especially dry goods and boots and shoes,
with money at to 8 per cent. At all other
western points reported, trade IS good, eX-
ceeding last years, but everywhere money
is in strong demand and almost always
light. Closeness also appears at southern
points.
The consumption of iron is enormous,
the largest ever known. But the new
business in bar iron is not heavy and
the demand for rails is light.
Pig iron is weaker, though quotations
do not change. The great increase iu sales
OF wool marks a revival in the manufac-
ture, and the cotton manufacture is active.
the decline in raw material helping.
Dry goods business is growing in activ-
ity. Even in woolen goods improvement
over last year is nOjed.
The movement OF freight is heavy and
railroad earnings continue TO show an in
crease, though failure 10 adjust the ques-
tiOn Of rates raised by the interstate com
mission is still a disturbing factor. The
general condition of business is so satisfac-
tory, monetary pressure only hinderinV,
Jnat the failure at Boston causes no appre-
hension. IL speculation does not prevent
adjustment of prices TO the conditions of
legitimate trade, the monetary difficulty
VIII soon be overcome by the marketing Of
products.
The business failures during the past
seven days number 100 as compared with
1913 last week and 2c3 the week previous To
the last, for the corresponding week oflast
year the figures were l9S.