The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-16

Americans, and the Governments Har
Straits have Not Shaken the None
Markets to a supposable Extenr-Whea
Perplexing Element-Corn In Exces
Sinking-Cotton and Wooden Trade an
Manufacturing-Brads Review.
New York, Nov. 15.-R. G. Dun q
Co.'S Weekly Review Of Trade, Wnacf
Issues tomorrow will say: Inc scar'
about gold exports had no real slgnln
canoe. and although s2,250,OO0 more VII
20 ont today, the stock market han
been recovering There was and Is Z
substantial cause Of difficulty in the
fact that exports of products have beer
too small to meet the greatly increased
Irnports of merchandise. The collapse
Of Kaffir speculation abroad has forced
many to realize on Americans held
and the impression that our govern
ment may be forced to borrow again
also operates to our advantage. But
there is no local disturbance Of money
markets.
The government monthly crop report
has caused, as usual, rather more IN
certainty as 10 its Interpretation tnan
previously existed as to crops. The
cotton statement, lacking account OF
acreage for which Ii is based, was only
Of speculative value, and the mere ru-
NOR that Mr.. NeH had reduced his es-
innate of the crop actually weighed
more than the official statement The
bottom fact that even with a smaller
crop than anybody expects there will
be 1000. 900 bales carried over, will as
slrredly prevent any famine in cotton.
Meanwhile, the exports decrease So per
cent in quantity.
Wheat perpjlexes the oldest infabi-
tant. There is really little reason to
expect any yield larger than last years
but western receipts, 8,2G2, 1854 bushels
against 4,026,639 last year, do not mean
scarcity Of wheat Probably it is true
that the attempt to induce farmers to
keep back their wheat in July has end
ed. as usual, in much bigger sales at
tower prices in November, and prices
have now declined so far that, for the
first time in many months, Atlantic ex-
ports exceed those of a year ago, hav-
ing been for two weeks (flour includedD
3,260,28 bushels against 1898, Ill last
year. The decline, nearly l cent, is not
much, but does not mean confidence in
renewed advance.
Corn is scarcely lower, but without
the aid of the government report all
know that the supply will largely ex-
coed all home and foreign demands
The output Of pig iron November 1
was 217,3G6 tons weekly, about 10 per
cent larger than ever before, and a
continuance of the same production for
six weeks more would make the half
years output $3.50, 900 tons more. about
900 tons greater than in any other
half year. The startling Fact is that
the demand for products OF iron and
steel falls off, Notwithstanding the in
crease in output OF pig, and though only
a few concerns have closed or reduced
work or wages on account Of lack Of
orders, prices are sinking, having de-
clined 81 per cent for the week and 6 4
per cent from the highest point. Bes-
semer pig, bilets, greyforge, bar, tank
steel plates, structural angles and wire
nails have all sold lower within the
past week, though quotations are kept
up as fast as possible by associations.
Moinor metals are on the whole lower,
though tin has stiffened a little, but
lake copper sold OF liz cents and is
weak Lead is decidedly weak en- &C
count of oreign consumption and is quo
ted at 3171z cents.
The wooden manufacturer has to meet
the year with two difficulties the re-
maTkabIe demand for clay worsteds.
which has encouraged an advance Of
ten per cent in price, and the heavy
imports of wooden goods. which have
amounted for nine months of the cur
rent year to 5S,456,42 pounds. against
II ,907, 069 last year, and 3O,309.44 in the
months nf 1909 Rflf Of
wool continue large. for two weeks Of
November being 12,192950 pounds,
against j. 2S9. 600 in 1892, in spite OF the
fact that part Of the works are closed
or working only part force.
For the past week failures have been
2S3 in the United States against go last
year and 40 in Canada against % last
year.
TRADE REVIEW
New York, Nov. 15.-Bradstreet' to-
morrow viii say: The condition of
general trade continues irregular and |
without material change. There is
distinct falling off in demand for iron
and steel. with perhaps the heaviest |
reaction in quotations in those lines re- |
ported in any week since the late boom |
In those metals reached dts climax |
Central western cities continue to feel |
the unfavorable influence Of unseason- |
able mild weather, which is true as /
well of cities at the northwest. Then |
there is the long list of decreases in |
quotations for merchandise ana wheat,
corn, oats, pork, lard and coffee among
feed products, cotton and print cloths |
and lumber Cat Boston, as we'll as Cor
various grades of iron and steel cop
per and lead and weaker quotations for
", nj.
improvement in wooden
goods, increased orders for manufac-
lures and higher prices for several
qualities Of goods.
Total exports of wheat (flfiour includ-
I'd as wheaD from both coasts of The
United States and Montreal this week
aggregate 1926. 900 bushels. the largest
weekly total this year since the middle
# January Last week the total was
!. $50. 600 bushels In the week one year
ago twas 1905. 900, two years ago $685.
700 while in the second week of Noven-
Der 1892, corresponding exports am
,unted 60 3,943.000 Total exports of
indian corn from both coasts of the
United States this week amount TO l.
IL, coo, so per cent more than last week
md the largest weekly total of exports
II corn since the third week OF April
S94
There are 279 business failures report
d throughout the United States this