The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-07

Dealers Carry Stocks Beyond Their Needs
mand Whereby Competition Shifts
from Buying to Selling and Down &C
Prices Surel,--Wheat Advances-Corn
Moves Slowly-Cotton Again Week
Wool stronger-Iron Lower-Anthra-
cite weaker-Bradstreet's-
New York, Dec. e-R. G. Dun & Cos.
Weekly Review Of Trade, which issues
tomorrow, will say: Business is still
sluggish, as if gorged by excessive in
diligence of appetite for buying when
prices were advancing. In nearly every
branch stocks not yet distributed TO
consumers stand in the way of new or
ders, and competition of a producing
force Ieargely exceeding the present
demand puts down prices, that decline
retarding purchases yet more. After
the holidays many look for larger de-
nTand. For the present the springs of
new business are running low. but yet
there is enough doing on old orders to
keep most of the works employed in
part, and good proportion fully. Finan
cTal Influences have not hindered, and
rarely has the opening Of the session OF
congress affected business so little.
Wheat has advanced about cent
for the week. though western receipts
have been 7M4.911 bushels again 3,727,-
7SS bushels last year, and Atlantic ex-
ports (f1uor included) again exceed last
years, 2,326, 096 against 1887 1877 bushels.
The best western estimates Of the crop
have been raised again.
Corn moves from farms less freely
than year ago, the low prices hinder
ing, but exports were ,293, IA bushels,
against 1,17S,S13 last year
Cotton has been weak again. declin-
ing quarter for the week. and the an
uary option 81 points. The quantity
which has come into sight, 45 per cent
less than last year 10 date, does not yet
Indicate yield 30 or 81 per cent smaller
as many predicted, though the recent
movement is very small. NOrthen
spectators have taken third less
than last year.
Wool has been slightly strengthened
by the London sales, but the average
Of quotations by Coates Bros, is only
tenth Of per cent higher Sales con-
tinue darge, 6.463, 100 pounds for the week
1f which so per cent was foreign. Man.
nfacturers have much machinery idle
at present and orders thus far are not
encouraging. Dress goods are in less
demand and Atlantic all wool cash
meres were reduced 10 per cent.
Iron and Its products are lower, an
NTe'cdte No. at S13; plates at 5 and
bar 1.3 cents and bessemer pig $12 at
valley mills with billets $3.50. The
average OF all quotations IS S1-2 per
sent below the highest point in Sept
ennber, but actual sales are frequently
made below quotations. There is more
pressure to sell southern pig here, and
some large tranSa ctions have been
made by concessions. while the small
demand has broken the barbed wire
combination and the two nail and the
two bar assocfa tions are now in session
to consider their policy. Rails have
not changed, while bessemer pig has
declined s. and billets SO per ton, and
purchase of 10000 tons for San Fran
cisco from England is noticed, with
considerable importation Of wire nails !
at Boston. Copper is weaker at II |
cents for lake, with narrow demand, |
and tin Is IA cent weaker, with the WISH |
BE supply here and abroad %, 23l tons, |
2Salnst %, AS tons a year ago.
Anthracite coal is weaker and sold |
at $3.50 here against s4.15 according to |
circular.
Failures in the United States for the |
the week have been 324 against 2S5 last |
year, and 50 in Canada against 40 last |
year.
BRADSTREEET'S TRADE REVIEW. |
New York, Dec. 6.-Bradstreet's to-
wifi say: General trade con-
tinues the fea lures of preceding weeks
-cmaller volume, quiet in most lines, |
business being conducted conservative
~, actively only among dealers in wool
ems, clothing, shoes and hardware, and |
new orders generally Of falling char
acter. The season has evidently been
a late one, prolonged mild wea Their hav-
Ing delayed orders until the Christmas (
demand and the belated autumn request
came together. Notwithstanding al
most uniform reports of quiet and I'M
changed conditions, Ii should be noted
that Jacksonville. Augusta and Birming
ham. at the south; Milwaukee, Kansas
City and st. Louis at the west, prove
Exceptions to the rule by reporting
gains in demand for wholesale staple
goods compared with the preceding
week
Exports of wheat (four included as
vheaO from both coasts of the United
States this week (none from MontreaD
amount 10 3l56000 bushels. as com
pared with 2.4600 last week. SOL. 900
n the week a year ago. 2,55S, 600 in the
week two years ago and 4,404000 three
Years ago.
Total business failures in the United
States as reported 10 Bradstreet's this
week numbered S15 against 2SS last
week. 80 in the first week of December
asst year, SS3 in 1898 and 265 in 1892.
RANK CLEARINGS