The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-19
TRADE FALLS DOWN
DUNS PRON0UNoES 1T ATTENTION
TO NATURAL CONDITIONS.


Demand HaIts and Prices Yield Moderately
In the Industrial Markets-Cotton Mar
ket Partly Cornered-Halt in Cotton
Prices on the Gold Export Situation
Wheat Does Not Go Out Freely and the
Price Changes Very Slightly, Consider
ing the situation-New Business in Iron
is Scarce-Bradstreet's Review.
New York, Oct 1s,-R. G. Dun & Cos.
Weekly Review TO Trade, which issues
tomorrow, will say: The events OF the
week are promising in general. though
to speculative markets not encourag-
ing
The great advance in cotton has ar
rested exports and SO deranged exchang-
es that shipments of gold We're for a
time apprehended, but the break in the
market indicates that the natural move
ment Of the product may soon be restor-
ed. The hating of demand and moder-
ate yielding Of prices in the great in
dustrial markets show that a season Of
reasonable attention TO natural condi-
tons has arrived.
The cotton market has been partly
cornered for early delivery by New
Orleans operator and his followers, as
ii has been twice in no distant years by
Liverpool spectators.
Spinners here and abroad with much
unanimity refrain from buying largely
at current quotations. Until the price
recedes far enough to bring out liberal
supply of cotton bills there will be
possibility of gold exports, for other
merchandise exports are small from
New York, for two weeks being 10 per
cent less than last year. with imports
in the two weeks of October % per cent
larger than last year. In September
dutiable imports were 54.2 and for nine
months 53.S per cent larger than last
year.
Wheat does not go out freely and the
attempt to advance prices on Monday
was followed by an immediate decline.
The Atlantic exports (fiour included)
have been in the past three weeks A.
55S.455 bushels, against 7,24S,111 last
year, and the big shipments from Rus
STA and Of late from Argentine show
that the world is not obliged to pay At
lantic prices for American wheat. Yves
tern receipts for the week were re-
markedly large, 7,733G0O bushels. and
for three weeks 21,63S,977, against a.
OH, PSI last year. The rush of wheat TO
market and the largest output of flour
ever known at Minneapolis are not evil
dences Of great shortage in yield, but
the price has changed only an eighth
cent for the week Corn is stronger
without clear reason, for while exports
in the three weeks are 1926, 2S4 bushels,
against 236,703 last year. but an insight
ficant fraction of the great yield can
have been disposed Of.
The iron industry is still fully engaged
on old orders, but new business is so
scanty that many of the works are seek
ing ii at some concessions in price, and
only large contracts have been made
at s1.75 TO 81. so for bridge plates quoted
at s199 TO $500. Quotations are not
lower, although a good order commands
some discount. Billets sell at S21 and
rods at SIS at Pittsburg. The want of
business in wire and nails continues.
Mills have to compete in pig iron and
other products with spectators who
took large quantities on advancing
prices. and actual consumption cannot
be fairly measured unless the Specula-
tors are out of the way.
Textile manufacturers have a strong
market for materials to support them.
But scarcely any advance is seen this
week in cotton goods, though the rise
for the month has averaged Al per cent
and there seems such halt as appear
ed a month ago in iron products. The
price of some worsteds have advanced
because of advances abroad, but il is
as questionable as ever how far the mar
ket can be held by domestic makers, and
wooden manufacturers have to face not
only foreign competition, but an es-
pecial tendency of popular demand to-
ward worsted fabrics. The sales of
wool, 81 .209. 700 pounds at the three mar
kets, against 13,702,S00 pounds in 1898.
greatly exceed actual consumption.
Failures for the week have been 263 in
the United States against 253 last year.
and IS in Canada against 43 last year.
BRADSTREET'S TRADE REVIEW.
New York, Oct. 1S.-Bradstreet's to-
morrow will say: There is less push
to the general commercial movement
this week, as Is indicated by reports
from eastern jobbers and others whose
travellers have returned from trips west
and northwest. There are, of course,
noteworthy exceptions. Baltimore mer-
chants find a relatively more satisfac-
tory trade. This is largely due to the
remarkably favorable conditions, ex-
cept north Of Missouri and Kansas,
where there is no change from the pre-
vious moderate volume, or where re-
cent weather condition have checked
trading somewhat. All lake ports re-
port an active demand for tonnage and
firm rates. Kansas City announces an
active week in commercial circles, as do
Chicago and St. Louis with the outlook
for a good seasons business. At the
northwest the hold your wheat sem
tinent is spreading, but thus far does
not appear to have much effect.
Exports Of wheat from both coasts
this week flour included) amount 10
100000 bushels, against 2,2i4000 last
week, as compared with 1872. 600 in the
same week a year ago. 2.70e 600 two
years ago. and with 9,270. 900 in the week
Of 1902