The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-20
NOT YET BOOMING
WEEKS TRADE RECORD 4 MIN
CLING OF GOOD AND EVIL
Moderate Improvement Continues
Bank Clearings Comparatively Fa-
vorable-COffee the Exception TO
Decline in Staples-Live stock
Lower Except Best Grades.

NEW YORK. Oct. 19-Bradstreets to-
morrow will say:
With few exceptions the leading fea-
lures of the business situation this week
have been those of continued moderate i'm
provement, although the total volume of
business as indicated by bank clearings
throughout che country will require con-
siderable expansion TO compare favorably
with the corresponding totals two years
ago. This relatively favorable bank
clearing report is Offset by a decline in
prices Of staples, coffee alone scoring a
slight advance. At Louisville tobacco
is easier under promise OF
large crop, ard hogs are lower
In price at some of the more
important markets while leather Is
quoted lower at western cities. Iompe'-
ion of northern lumber manufactures has
forced down prices at Chicago. and all ex-
cept the best grades OF cattle at Omaha
and Kansas City have sold for less than
week ago while wheat and Indian corn
have also shown declines. The pToduc-
lion of iron and bessemer steel continues
as heavy as heretofore, and quotations
have been further shaded. Lard is lower
in price aud the prospect for cessation OF
textile labor difficulties at the east has
weakened the print cloth market. AS
serious as any other decrease Is that IN
cotton, the feature of trade south this
week being check to purchases by in
terror merchants for spring delivery and
slow mercantile collections, due to lower
prices for cotton.
Exports of wheat flour included as
wheat) both coasts OF the United States
and Canada, this week amount to g. 1872
600 bushels. against $4,000 last week.
2.709, coo in third week of October year
ago, 3, zoo 600 bushels two years ago, and
3 500 600 in the week three years ago
Toe strength of foreign exchange and
gold engagements for the week, aggrega-
ting |, COO 000 have disturbed the speculs-
tive stock market and checked activity.
Current decreases in railroad earnings are
ascribed 10 the effect of the heavy worlds
fair passenger trade of a year ago. A
small reduction IN the Baltimore and
Ohio dividend is not considered indicative
of trunk line traffic conditions at this
time. Bonds are strong and any demand
for prime securities causes all advance.
The foreign exchange market Is narrow,
both as TO supply and demand. Sight
sterling IS 49,
Nearly ali the more important business
ceDters west and northwest report mOder-
ate activity, but few Of them announce any
new features. Chicago advices are received
of Increased mail orders but few purchases
in person, with relatively heavier demand
for underwear, clothing and clCaks, and
smaller volume of money going to the
country. ST Louis merchants report in
creased confidence Of jobbers' dealing
there and expectations OF largely increased
stocks of spring goods throughout the ter
ritory tributary. Kansas City and Des
AIOines both report that warmer and
unreasonable weather has served to
restrict the volume of business with
In a few days, but at and near
al
trade. Conditions prevailing at Cleve-
land, Cincinnati. Louisville. Detroit, Mil
waukee and St. Paul IN preceding weeks
are practically without change. At San
Francisco and Portland. Or, the volume
of business is fairly satisfactory and the
demand for grain vessels Is more active,
with An advance of Tates in the United
Kingdom.
a. four principal cities general trade is
reported 10 have shown some improvement
in the south. At Toronto general trade
hes been less active but collections have
improved somewhat. Montreal reports
that collections are fairly good, with prices
stronger. but the volume OF business Is not
EQUAL to one year ago.
During the past week the failures have
been 253 in the United States, against 81
last year, ard foriy-three In Canada
against TWEEN ty-nine last J ear.
BRADSTREETS FINANCIAL REVIEW
Speculation for the past week has been
On a limited scale and the movement of
pricts resrr icted TO few stocks. Diverse
Influences were apparent in the proceed
!ngs the chief of which WAS the sentlmen-
tai belief that the result of the coming
election will be TO check further alteration
Of the revenue laws. which fact. il Is
claimed. will facilitate the growth OF bust
ness confidence and activity. On the
other hand, the adverse Influence Of the
strong tone of the exchange market and
the engagement OF 81 100000 IN gold for
shipment to Europe WAS felt throughout
the week and furnished n basis for more or
less bearIsh activity This, however. WAS
confined mainly TO short sales of the
granger stock, and was not pro-
ductive of real liquidations The only
prominent member of the list in which
depression Of any account was produced
WAS General Electric which appar-
emily affected by conditions peculiar to its
elf, and which are not clearly understo God
ty the street. Sugar tie NEST important
speculative stock, furnished more or less
Encouragement by its course. It's recovery
i sscri bed to inside buying and the report
j freely circulated that the mana cement
IRE satisfied thst no further agitation OF
The free sugar bill is likely. and Were,
therefore. satisfied To repurchase stock at
tbe recent decline. limitations are. how
ever. beard that the movement Is due 10
an outside pool and Is based entirely on
the fact that the professional traders are
inclined To look favors bly, on the prospect
i've results Of the elections as far as they
will affect the fortunes of the sugar com
pany.
Every recent official examination has
shown DR. Prices Baking Powder to be
highest in leayening strength aud per-
lecJly pure in its makeup