The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-09-28

SPCCWStfOu AZ SOttOu 0OOo IOT y GIVos
Eighths Cent Rise, with the Crop Out
look Growing Gloomier-Wheat Market
Excited Five Cents Worth for spot and
Half that for December-Wool specula-
tion Stimulated by London Auction
sales-Obscure Features I'm the Iron and
Steel Trade-Grain Movements.
New York. Sept. Pr. G. Dun &
Cos. Weekly Review Of Trade will say:
The speculation in cotton has lifted
the price 3 cent during the past week,
and quota tons here are some higher
than at Liverpool, so that free exports
cannot be expected. 1t seems no long
er possible to hope for good crop, and
Neill Bros. have issued a circular pre-
dieting yield OF only seven million
bales. The accounts of injury and loss
grow more dismal each week. and while
they may be somewhat exaggerated,
the general outlook is decidedly unfa-
vorabie. But for the extra ordinary
supplies carried over from last year
the manufacturers would be in trou-
BILE. But prices Of goods rise eack week
adding to the profit OF the mills, which
on both sides of the ocean can use for
some time to come old cotton bought
at low prices. It is not clear how far
the consumption will support the man
ufacturer at the present rate, and at
the present prices for goods, though
demand from dealers Is naturally ur-
gent, while the market for il is con-
stantly rising. There Is still some
chance for a strike in Fall River mills,
though the rise in prices will make It
easier for the mills to grant some ad-
vance in wages.
The wheat market has been excited
without much discoverable reason, and
the price has advanced over cents
for spot and 21s cents for December
deliveries. 1t may be said that crop
prospects abroad are not quite as IA
vorable as they were month ago, and
with a short supply at best in this
country, the market is liable to be I'M
usually short. Western receipts for the
week have been $50, 56S bushels.
against 5,432, 254 last year, and for the
month 22,3S3, 22S bushels, against 21,-
923.SS3 last year. The exports from
Atlantic ports, -four included, have
been 1,sS7,501 bushels for the week
against 2,4i0.5S4 last year. Holders of
corn have judiciously declined TO SYM
pathiZe with wheat to any great extent
and the price is practically unchanged
Pork and hog products are all some
what lower
Nothing is clear about the iron and
steel manufacture but some Of the
largest Pittsburg concerns. protesting
10 have orders for many months ahead
are bidding for small contracts in east
ern markets at 81 to $50 per ton less
than the quoted rate. Some say that
IL is done to press the market, and
again it is thought that the objective
may be to buy material, but contracts
have been made at the east for go. 0GO
tons of foreign ore 70 be used in besse-
mer iron making at eastern furnaces
and the termination Of the Marquette
strike sets free about half a million
tons more of besseyuer ore within the
period of lake navigation.
There is also halt in the advance of
leather. no higher prices being record
ed this week. though hides are on the
whole a shade stronger.
The advance in wool at the London
sales stimulated the speculation. but
prices are on the whole unchanged and
sales have been for them onth "a So. $40
pounds, of which 10. 566. $40 we-e foreign
against 31,02l,O00 for the same week OF
1oS-. "a W AtlII JrJ-O,JVp were n
While the demand for dressings con-
tinue fair. there is no discoverable i'm
provenent in mems wOolens, and the
importation continues Very heavy.
Failures for the week have been PIG
IN the United States against 235 last
year and % in Canada against % last
year.
BRADSTREET'S TRADE REVIEW.
New York, Sept. 27-Bradstreet's to-
morrow Will say: Striking features OF
the week are increased demand FOR mon
ey east and west, the maintenance OF
the Widespread and active demand for
iron and steel and the further upward
movement of the price of raw cotton to-
gether with advances in quotations for
wheat -four. wheat and wool
a sudden change in the weather az
fectinG a wide eXp3nsa OF territory have
made general trade irregular. but re-
ports from those sections unfavorably
affected, partly offset the stimulation OF
demand for certain staples in other por-
tons OF the country. General business
at the south has shown Improvement
AT Memphis. Nashville. Atlanta and
birmingham. Demand for funds there
is improving, and ali that appears need
ed Is free movement OF cotton. The
ttN4AiI NodSN NOl tluuES 10 snip general
merchandise 70 Central America and to
Alaska freely and Tacoma reports the
wholesale grocery business heavier than
in July. 1884, with the Alaska trade i'm
proved. General business az San Fran
cisco is comparatively quiet. The can
ned fruit output fCalifornia VIII be
about equal 20 that OF last year.
The advance in the price-of wheat on
reported damage 20 the crop in Argen-
tine may. or may Tot. be the beginning
OF an upward movement. but accepted
statistics concerning supplies OF wheat
IN this country. II not d.Scredited in the
near future, may compel wheat prices
20 follow in the footsteps o. those FORE
casts. kilograms 20 Bradstreet's from
widely different points seem 20 indicate
e very general intention on the part q
grain producers 20 hold their wheat for
higher prices This refers 20 spring
wheat territory tributary 70 Ninnea-
polls. and 70 the wheat country in Ore
Son- Wheat exports from both coasts
OF the United States and from Montreal
this week Cfor- included as whea0 "a
the largest since last March. S.l5i go
bushels. against e.5SS. ooo las. week -
So. 600 IN the week one year ago. and
as compared with s.iss.o Go bushels TWO
years ago. and with 4.ols.ooc bushels
three years aga