The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-09
WEEK WAS BROKEN
ELECTION DAY AND ITS EFFECTS
UPON BUSINESS.
Which Is to Take All Significance Out OF
Facts In General on One Side or on the
Other-C continuance OF Patient Waiting
for the Good Time Coming-Situation in
the Metal Market. with the Reduction
in the Demand-Wool and Cotton Trade
Wheat and Corn-Bradstreet's Re-
view.

view
New York, Nov. s-R- G. Dun & co. s
Weekly Review of Trade, which isues
tomorrow viii say: 1t has been a brok-
en- week and just before and after cleo
tons in the most important states OPP
erations rarely have much significance.
Business may be largely affected IN
time, but as yet there is scarcely any
indication as to what the effect will be.
The controlling power at present is
the effort to readjust prices after the re-
markable rise last summer in important
materials and products with the strug-
gle of great combinations 10 prevent de-
clines. The purchase of competing IN
terest now gives the n. c. F'rfck COM
pany ownership of II $50 out of 1884
coke ovens in the Connellsville region,
and practically the control of more
than three-quarters, and an advance in
the price of coke to 50 is expected, as
the Carnegie company has been buying
UP supplies at low prices for months IN
advance Yet the price Of Bessemer
pig is lower, s14.75 at Pittsburg, and bill
lets are lower because there is scarcely
any demand for rails at the combination
4
and the demand for wire and wire nails
has been curtailed by the nail trust adj
vance of price, 1.76 per cent in four
months. Large western and eastern
orders for cars help the demand for
bar but finished products are quite
generally sold below quotations, which
are now lower than they were two
months ago. Copper is a shade weaker
at 11.75 cents for lake, with slow buy
ings; tin, a fraction lower at 14.55 cents
with the visible supply 1858 tons,
against % 1877 a year ago and lead is a
.trifie lower at 3.3 cents. The anthra-
cite combination seems ready to make
higher prices.
Many wooden mills are closing to wait
for orders, though the demand IS fairly
satisfactory for some dress goods and
worsteds, and the Washington mills
open clay worsteds at 10 cents advance.
But prices of these and most qualities of
woolens are still uncertain, for man
facturers do not know yet what they
have to meet.
The reaction from specula tive prices
Of wool abroad. and the stiffness of
speculative and ountry holders here,
reduce sales to 5.621. 300 pounds for the
week against S.215, 900 for the same week
of 1892, but stocks of foreign wool here
are very large.
Coffin mills do we'll. as the halt and
hesitation in cotton does not stop buy
ing goods, and many believe goods safe
at the current prices, even IL cotton IS
not. The market for raw cotton isheld
at S.S1 cents, in spite of a higher respec-
table estimate of only 6.453. 900 bales for
the year. Even at that the supply Of
g. 400. 900 bales would be more than
lint <sr17 t.ae
higher.
Wheat falls back with great reluct-
ance from its summer rise OF 20 cents,
but has declined IL cents for the week,
western receipts being S,010,910 bushels.
against 3.S15. 032 for the same week last
year. The belief in a crop much small
er than last years has TO resist actual
receipts of As, 725, 1868 bushels in six
weeks against go 446. 005 last year, and
Atlantic exports have been only $685.,
424 bushels, -four included, against 49,
347, GIG last year. The reports of winter
wheat from some states are also better.
Corn comes forward largely, receipts
being more than double last years, and
nearly million bushels went abroad.
The rapid marketing of the SUPPLIES of
wheat from Russia and Argentina, and
thelargest exports of corn from this
country, both tend to lessen the future
demand for American wheat.
Failures for the week have been $50 in
the United States against 261 last year,
and 40 in Canada against AZ last year.
BRADSTREET'S TRADE REVIEW.
New York, Nov. establishments to-
morrow will say: The interruption TO
general trade throughout the country
incident to election has been empha-
sized by unusually mild wea ther. which
checks demand for clothing, heavy
weight textiles and other seasonable
goods. Jobbers at most of the large dis
tributing centers report that orders now
received are largely of a filling-in char
acter. Except for iron, steel and cot
ton, the larger portion of advances in
prices for commodities reported since
March last has largely disappeared.
Early anricipations Of continued adj
vances in prices and demand this year,
the outgrowth of activity of two and
ttre months ago, have met with disap-
pointment. But there is little reason
for the reaction in sentiment by many
who discuss business conditions. Every
wave of increased demand since the
tide began to rise in March has result
ed in net gain. The sentiment Of trad?
ers generally is that the outlook prom
ises an active spring trade and that the
holiday season viii prove satisfactory.
Total exports Of wheat from both
coasts Of the United States this week
(four included as wheaO amount 10
.. $50. 600 bushels. against 2.743.o00 last
week. and as compared with the 1885,
COO in the week a year ago, ISIS, 900 IN the
week two years ago. S.sS5,000 in the first
week of November, 1892, and with 49,
900 in the corresponding week of 1891.