The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-02
GOOD TINE TO WAIT
SUCH, ACCORDING TO DUTs, IS THE
ATTITUDE OF BUSINESS.

Engage In q Game OF Freeze-Out with
Consumers-Dcclinesi in Corn aud Whea,
| Railroads have Their Innings Moving
the Grain Crops-Bradstreet's.
| New York, Nov. 1.-R. G. Dun & Co. s
Weekly Review Of Trade. which issues
tomorrow, viii say: The rapid recovery
| in cotton and the rise in sterling ex-
change TO the point at which the last
exports Of gold were made, have not in
creased confidence. There is a little bet
! ter feeling, retail distribution is fairly
encouraging and the closing OF many
works is less significant at this season
than it might be at another. It is a
time Of waiting ard uncertainty may
continue for some weeks
Cotton speculation turns for the mo-
ment on the disposition of holders to
keep back their cotton, which may COM
Pei higher prices some day, however
large the ultimate supply may be. Re
ceipts are at present very small campar-
ed with last year and il is stated that
banks here have more money loaned on
cotton to enable holders TO keep il with
out marketing, than ever before. Ex-
ports and takings of spinners are small.
and stocks here and abroad are so large
! that consumers may be better able to
wait than borrowers from banks.
Wheat has declined ~ cents and 21z
cents in spite of many adverse reports
about winter wheat The present large
shipments from other countries, the
small Atlantic exports, in five weeks on
~ 7.302.591 bushels. -four included,
against 11,724.302 last year, and the
western receipts for five weeks, 81, 705,-
$50 bushels, against %, $780, 73 last year.
affect the opinion more directly than
ideas about next years yield. Very
large estimates fthe corn crop have de-
pressed prices, although exports have
been in five weeks 12.212,S21 bushels,
against 4,S23, 64S last year. a fact which
has its weight in the wheat market also.
Pork and lard are not much changed
though hog receipts and packing are
heavy.
The heavy wheat and corn move
ment helps railroads but the earnings
thus far reported for October, So per
cent larger than last year. the third
week showing more gain than the 9TH
ers, are 5.4 per cent smaller than in 1892.
The larger demand for manufactured
products has held prices of cotton goods,
and even advanced some prints, in
spite Of last weeks decline in cotton.
The mills are said 10 be carrying only
moderate stocks. More activity is also
seen in iron and steel products, though
Bessemer and Greyforge billets and
plates are little lower and the average
on quotations given today is 275 per
cent lower than at the highest point,
Sept. II. and l per cent lower than in
October three years ago, and there is al
so shading of quotations Of good bust
ness.
The nail combination reduced it's No
vember output 10 third of its usual
quantity, and the nail output this year
has been only about half that required
for renewals, which shows the enorm-
Gus increase in use of steel for building
and other purposes.
Minor metals are shade weaker and
American tin plate makers are talking
a goo deal of better business by selling
al 10 cents below prices for foreign
plates.
BRADSTREET'S TRADE REVIEW.
New York, Nov. 1.-Bradstreet's to-
morrow will say: The volume of gen.
eral business has been small. due in
part to drouth although the widespread
rains during the latter part of the week
have gone far to break the dry spell.
West and northwest the commercial
demand has been mainly for staples,
tremes are found at Cincinnati, where
business has been dull, and at Kansas
City, where it is up TO the average at
this time, with heavy mail orders. Dis
tributng centers at the northwest from
Chicago to Omaha. and Duluth to Sioux
Falls, report a reaction in demand,
which is likely to await the arrival Of
winter weather.
Larger eastern business centers feel
the effect of the falling off in demand at
the west, notably Boston. Philadelphia
and Pittsburg. The situation at Buffa-
10, as at other lake ports, is better. ow-
ing TO an active season on the lakes.
No marked changes are reported from
the Pacific coast.
AT San Fra ncisco Improvement in
prices is shown in a few lines, notably
wheat At Seattle the volume OF bust
ness last month was larger than in
September. Trade at Tacoma is quiet.
but imports during October were valu-
ed at nearly s., 900. 900. Portland adivces
are that large shipments are being
made to China. Mexico and California.
while sales at the east are heavier and
pricyes higher.
Exports of wheat (hour included as
wheaO from both coasts and from Mon
treal aggregate 2,7430 bushels this
week against 2.e5S. 900 last week. 1884,
600 in the week one year ago. 2.S60G00
two years ago and S,714,000 in the ike
week three years ago.
Business failures throughout the Uni
ted States number 800 this week and
show a considerable increase over last
week as well as the like week a year
ago, when the totals were respectively
go and 253. this weeks gains being
very generally distributed. The total
number of mercantile failures reported
from the dominion of Canada this week
is IS. Last week the total was 3s, and
in the week one year ago it was IS.