The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-07-04

NEW YORK, July 3.-R. G. Dun & Co.'S
Weekly Review of Trade says;
Everything waits for crops. 1t Is
therefore of the first Importance that the
crop prospects have never been more uni
formly satisfactory at this season than
they are now. In other respects the gem
eral Quito * is, in the main, unchanged.
While the volume OF business represented
by the clearing house exchanges outside OF
New York is about 9 per cent less for the
last week ofJune and about 10 per cent
less for the month than last year, there is
prevailing confidence in the speedy re-
covery and the expansion of trade. Re-
ports from interior cities show a fair, but
in many respects, waiting trade.
There is better demand for mill iron
at PIttsburg. At Cleveland trade is i'm
proving and at Cincinnati active. At Chi
cago wheat receipts are five times last
years wool and hides are nearly double,
and again appears in butter and -four, but
a loss of one-half in cured meats and dress
ed beef, of two-thirds in lard, of a quarter
in corn and cheese, and some decrease in
oats, barley and rye. The dry goods trade
equals last years with prompt payments,
while the trade in clothing and boots and
shoes much exceeds last years. At St.
Louis trade improves slightly, and at St.
dence, because Of the marked improve
ment in crop prospects, at Milwaukee and
at Omaha. Trade Is strengthening IN the
south.
Goal has been advanced by dealers,
but the independent operators make no
change. Tin is lower at 500, 40 and copper
at l2% cents for lake. Lead Is in moder-
ate demand. Sales of wool at New York,
Boston, Philadelphia and Chicago for the
year thus far aggregate 133, IA, 1876 pounds,
against 124, ,3l2, ,659 last year, with some in
crease in domestic, but larger increase in
foreign. Trade in breadstutfs has not
been especially active, though wheat has
declined below dollar per bushel, rising
again little in the past few days. Corn
and oats are also slightly 0'ronger. Cot
ton IS unchanged, notMl standing the
improved crop prospects.
Exports of domestic products from New
York in June exceed last years by about
81, 600 600, and the course of the market
favors heavy movement in breadstuffs.
During the past week the treasury has
paid out only as much money as it has
taken in, though the disbursements for
July have not yet been reckoned on. The
money markets appear, on the whole, a
listle less easy though the rate on call
here has ranged during the past week be-
tween 215 and per cent.
THE business failures throughout the
country last week number 231, compared
with total of 2;}4 the week before, and 199
for the corresponding week last year"
THE ALTON BOYCOTT.
CHICAGO, July 3.-General Passenger
Agent Charlton, of the Alton, received
letter today from Chairman Finley in re-
ply to the inquiry as to the relations of
his road with the Western Passen gerasSo-
citation. The chairman writes:
''Our circular letter No 80 plainly sets
l. 4. 4 >e
your company under the agreement, which
is, that having abandoned its essential
obligations in its refusal 10 pay the penal
ties as figured against it i'll the decision
rendered in the matter Of the complaints
with respect 20 the rates from Kansas City
TO St. Louis and from st. Louis to Chica-
20, IL IS not entitled TO have the agreement
administered in its favor, and we cannot
therefore treat it as member
As q result of this communication, no
representative of the Alton will appear at
the regular meeting of the association
next Tuesday unless sent for. Further
more that company will pursue an indie
pendent course until the association takes
some action in the matter
a conference was held today between
the general managers of the western roads
and committee of coal shippers in regard
to the adjustment of rates on anthracite
coal. It appears that last month consign-
forwarded from Toledo TO Omaha. routed
by way of the St. Louis and Ohio and
the Missouri Pacific. The opinion pre-
walls that the Missouri Pacific could not
have secured all this business without
cutting rates Chicago shippers are I'M
easy in consequence and are urging the
roads leading westward from here TO re-
duce the rates on hard coal in order that
they may meet competition. 1t is under
stood that the coal in question came from
the Lackawanna mine in which Gould is
said TO be interested, and it is feared the
wizard is Mt one of his old tricks The con-
ference did not result in any action by the
managers, but the Missouri Pacific coal
rate will be investigated.
KANSAS CITY, July &-Chairman Finley
Of the Western Passenger association ar
rived here this morning and investigated
the condition of Passenger business here,
particularly as it is effected by the brokers,
aud returned over the Alton this evening
TO Chicago He WAS interviewed on the
status of the Alton road in the Western
Passenger association.
is the Alton in the association" he
was asked.
1t is not replied Mr. Finley. 1T has
withdrawn from The association of its own
TolluIon- It simply refused to comply with
the fundamental and most vital part of
the w estern Passenger association agree
ment-the rules regulating the payment
of fines and penalties. As I interpret the
agreement, ] cannot now further consider
the road as being IN the association. The
Alton wanted TO enjoy all the privileges
of the association aud shirk all its duties.
This Is n privilege that cannot be enioyed
10y any road. The association is formed bv
a number of railroads that. have com biued
for self-proJection. The agreement pro-
vides that when the rules are disobeyed
fines shall be imposed. When road re-
fuses to pay these fines the logical conclu-
sion is that ii does not wish 10 be further
bound by the agreement.
''Will the Alton be further considered
by the association in any ways"
That l do not know, replied Mr. Fin
ley
ST. LOUIS July S-The Missouri Pacific
snd Wabash roads put on sale today reg
ular round trip tickets between st. Louis !
and Kansas City good for ten days at the
rate Of $40. This was done TO meet the re-
cent cut made by the Alton road.
THE EXTENDED BONDS.
NEW YORK. July 3--The Post saws: 1T /
seems TO be generally believed thst yester-
days action of the cabinet in offering an |
extension of the Az 5 at 2 per cent. viii re- /
suit in an increase of bank circulation this |
winter of Sl5,00o0e0 or SO O000 COO. The |
bank presidents did, in fact. assure Secre- /
tary Foster at the recent New York CON
ference that in case of such extension the |
city banks would come into the market 4