The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-13

50 tnefe 70 sort or June Rise, Only IT'S In
July, Say Dun Z Co.-Conservatives Still
Look Doubtfully Upon 1t, Lest IL Prove
Iransient and, in the End, Harmful
Bradstreet's not so Sanguine, Noting,
as Is Customary, Rather the Depressing
Features In the Business Situasion-AIl
Agree ON the Corn Crop, Though.
New York, July 1,-R. G. Dun & Cos
Weekly Review Of Trade tomorrow will
say: A business food, so strong and
rapid that conservatives fear it may do
harm, is out of season in July. But
the seasons this year lap over and
crowd each other. May frosts and
rights. IL is now evident, kept back
much business that would naturally
have been finished before midsumer
and the delayed accumulation OF one
season gets in the way OF efforts TO
begin another on time. But the vol
ume of business, however, il may be
assured. is remarkably large for the
month, even in a good year. The ex-
aggerated fears about crops have pass
ed. the syndicate is believed to be both
able and determined 10 protect the
treasury and the time draws near when
the marketing of new crops will turn
into national balance If speculation
does not hinder.
The week has been notable for sensa
tional fall in wheat OF eight cents in
two days. followed by a recovery Of
nve cents though neither accords any
Interpretation of the quite disregard
ed government report. The sudden drop
IN prices was the result OF speculation
rather than commercial influences
though exports not half as large as
last year, 2.097,6i5 bushels (fiour in
cluded from Atlantic ports for two
weeks Of July against 4.e27 ,9l5 last
year, had their effect. as well as west
ern receipts OF 1,937.47i bushels aginst
2.l56.SlS last year. This news indicates
an enormous crop of corn, the largest
ever grown, il weather favors. but
the price is only Is cent lower than a
week ago.
Cotton has not changed, though spec
over. In Europe manufacture lags
over. In Europe manufacture Lays,
but here il is satisfactory.
The weekly output Of iron was III .194
tons, having risen 1897 ton in June and
where furnaces have gone into opera
ton since July, the output rose and has
put into operation many additional
anu - q rush 10
prices advance. Influential manufacture
ers are sending out warnings that the
rise may easily become and prices in
fact have advanced nearly per cent
in two weeks but are 10 per cent lower
than in October, 1894. The demand for
structural iron is enormous, including
5000 tons for No. . broadway. and as
much more here and as much in Chica-
go on smaller orders. Bessemer pig
H<lo adx nx.I m at @.It ~
wire nails to s1.55 higher than in Oc-
tober, 1892, grey forge TO $1l.25, struct-
ural beams to $3.50 and angles to $l.35.
Copper is sitter at 5000 and lead at
1897 but tin is slightly lower at IA
cents.
Wool is still advancing with enrom-
Gus sales. 12.714.o00 for the week and in
two weeks of July 26. 49, GA pounds. as
against II ,9S6,550 in the same weeks OF
1892. AS the sales are about four times
the weekly consumption IL is expected
that the market is essentially speculat-
i've, but the rise abroad has set the
country ablaze so that western holders
are asking even higher prices than
heretofore. But buying by most manu-
facturers is already affected and at the
prices now asked for wool some manu-
facturers are doubling whether cor
responding value for goods can be re-
allied.
Labor controversies IN wooden mills
have generally resulted against the
workers, although some advance in
wages has been oba tined, but a strike
of carpet weavers at Philadelphia al
ready affects several thousand and
threatens to include great many more,
an advance in wages OF ~ per cent be-
goods is so dull and weak that manu-
facturerS naturally refused
Cotton goods continue active and
strong with comparatively little diff
Guilty as 70 labor. The northern mills
have taken little over 100, 900 bales in
the past three months since cotton was
below cents, but with cotton bought
cheap for five months ahead, they are
able TO do a good business.
Failures this week have been 253 in
the United States against 247 last year
and 50 in Canada against 49 last year.
Bradstreets Trade Review.
New York. July 12-Bradstreet's
tomorrow will say: At the close OF the
second week in July the condition OF
trade generally remains practically IN
changed. although commercial and in
dustrial activity at many points con-
tinues more conspicuous than usual at
the midsummer season. Prices gener-
ally continue strong, exceptions being
among the cereals, hog products, coffee
and lead; while. as significant as any
thing else. are tn exceptionally favor
able outlook for trade in the fall and
the encouraging promise for the wheat
and corn crops througout the central,
western and northwestern states. EX-
port OF wheat; -four included as wheat,
10 2.317 900 bushels this week
against 1900, 900 bushels last week. p
81. 600 In the second week OF July 1894,
T. 1874 900 in the week in 1895. and as COM
pared with 2.5s3.000 in the correspond |
ing week Of 1892.
At Atlanta sales OF hardware are
larger. but those Of dry goods, shoes /.
and groceries are smaller. New Or !
leans reports only a SHr volume OF
business, less than expected.
AT many OF the cities throughout the ,
west and northwest states merchan- (!
disc market points 10 the dullness IN /
cident 20 the first half OF July. though |
at all points the outlook for fall trade |
Is reported good.
At Chicago the volume ot business Is |
heavier than expected at this time. |
are good and the crop mar !
ket is favorable. St Louis. Kansas 1
City and Omaha all report fair vol /
1me Of business. prices hardening and 4
an expected favorable crop outlook. /
On the Pacific coast trade continue. 4
favorable The construction az the san /
Joaquin valley railroad Is asselerating /
business in many directions Eastern 1
wheat engagements az san Francisco |
cave that por. bare OF tonnage Port 4
and. Oregon. reports prospects ot q
good fall trade and Improvement IN the
salmon catch
There were ess failures IN the United 1
States this week compared with 80 4
asst week. 20 IN the second week % JG-