The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-07-14
Hogs-Market &c lower.
REPRESENTATIVE SALES.
RRADsTREET'S REVIEW

New YORK, July 12.-Bradstreet's Re-
| view Of the state of trade tomorrow will
/ say: During the greater portion of the
week the general wholesale trade at Chi
cago snd at ceutsrs within the territory
tributary has been practically parslyzed by
the railway strike. Larger eastern cities
felt the effects of the tie-up In restricted
receipts Of live stock. meat and produce,
while western manufacturers and mer-
chants suffered loss through inability 10
secure supplies and raw materials from
the east. The railroad strike and boycott
III part re- Gated the effects of the recent
soft coal strike by shutting up "A large
number OF important Industries In The
west central states through want OF fuel
But perhaps no more favorable time. from
the point of view of the merchant and
manufacturer, than the midsummer OF
1894, after the panic season in 1898, could
have been chosen TO preclpitate wide
spread a railroad tie-up-when the busI-
ness was already so generally and severely
restricted. A number of small strikes are
reported but there are % 600 fewer idle
men because of strikes on Friday OF this
week than last.
The worlds stock Of wheat has declined
during the past fourteen Weeks about
5000. 900 bushels more than in the same
portion Of last year, which is significant
IN view Of the insstance in the trade that
invisible domestic supplies are exhausted.
Exports of wheat flour included) both
coasts, United States and Canada, this
week, equal 2317,000 bushels compared
with l.Sj 900 bushels last week, 4,l34, 900
busbei~ IN he second week of July last
yrar, = 5o3 coo bushels in that week TWO
years ago aud >. 220 600 three years ago.
There were 30 business failures In the
Il
l64 last week, aud compared with 39S in
the second week of July last year and with
1G6 in that week two years ago
Bradstreet's Financial Review tomorrow
will say: The resistance offered by the
mark t to the Influence of the strike has
been Of a noteworthy character. 1t was
shown again at the begiunIng of the week
and When, on "Wednesday last, il could no
longer be- doubted that the violent inter
ruutiIn of railroad traffic had bsen prac-
t.caiiy ended, there was aG upward move
meut, ba-ed on the covering of shorts.
The rise, however, was hot supported by
on side or European buying and :
neither very extensive or long in its dur
alton, and the market. though steady Hud
firm in the latter part Of the week, has
been chala terzed by professional trading
and general speculative inactivity. The
termination Of the strike has in fac,
brought the market back to a state
OF waiting for the outcome on the tariff
in congress, hesitation on this score
being increased by the uncertainty regard
iu-s he action of The conference commit
te,. of the two houses. In addition to this
il i recognized that the strike has iuteu-
slfi-d he disadvGntHgeous condition under
which the railways of the country have
labored. The tabulation Of gross earnings
for June ana six months exhibit the force
of these ci cuustances in the average
decrease Of - Per cent in the earnings for
June and OF ID per cent In those of the
half year For the past fortnight traffic
his totally ceased on several roads and
suffered further serious interruption in
ali directions. IL being a significant fact
that some lines, like the St Paul, have
deferred tie publication OF their regular
weekly Ieturu> of gross earnings. At the
same time he destruction of rolling stock
by mob violence Is a serious item III a
uumb-r Of instances Under the cIrcum-
stances such blow to earnings must
increase the financial strain under which
many corporations have been laoOring,sDd
lends color to the stttsment that the eH-
ample Of the J., uisville ard Nashville in
passing its dlv end will b. followed IA
other cases. There is, however, . belief
that the ending OF the uncertainty of the
ttrtf will meet a prompt response IN bus
mess circles and bring railroad traffic back
TO normal bass, or that at least the N r
ket will at o-ce undertake 70 discount the
speculative possibilities of sucE improve
meHt. Il : also noticeable that while our
Labor troubles DR.. uc-d an uufayorable
impression abroad, London was not a seller
OF Il C6s here, auI hat the exchange mar
ket has continued dull aud firm, the only
gold engagements for the week O-Iag i'm
lied 10 800, GOO.