The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-23
is BOUND TO HALT.
DUN'S SAYS THAT THERE Is No
REACTION IN BUSINESS

Causes is Time wasted-Trade Simply
Sinks from the High We've Of Orders In
Advance of Requirement to the True
Level of Demands for Distribution
Wheat, Corn and Pork Products Declin-
ine-Iron and Steel Lower-Business
Failures Observation-Disclosures
New York, Nov. Pr. G. Dun &
Co.'S. Weekly Review Of Trade, which
issues tomorrow, will say: Reaction
in business, there is none. Efforts TO
explain or attribute it to this or that
temporary influence are all wasted
In every business, men now perceive
the fact that the purchases in advance
of current distribution which were
made when prices were booming, in
volved of necessity a season OF hating
when the rise stopped and until the
actual demand for consumption has
been measured. Products were lower
without disturbance of sign Of a panic.
The more sober estimates Of wheat,
months ago, rose 100000 bushels or
more above the government and spec
ulative guesses, and now reputable
estimate Of 475,00O,0o bushels excites
little remark Western receipts, g.
415.S74 bushels in three weeks against
12,314,647 last year. are so persistent
that prices have again declined about
] cent and Atlantic exports (flour iuclu-
ded) are slightly less than a year ago
for three Ieeks,4 ,763, 745 bushels against
against 4,S49,214 last year. Corn de-
cEnes " cent further.
Pork products also have reason for
weakening, lard 10 cents per hundred
pounds and pork % cents per barrel.
The cotton market has been assisted
all the week by small receipts and re-
markedly stiff statements Of scarcity
but has gained a sixteenth cent, though
some think short receipts were DELHI
erately organized by planters. 1t be-
gins to be a decisive fact that exports
are small, partly because stocks abroad
are heavy and partly because the man
ufacture abrod does not find a market
for the quantity of goods, the British
being especially embarrassed. In this
country the cotton manufacturer has
Jared better than most of others, es-
Gaping an excessive rise and the result
ing decline. While some prices were
marked too high when cotton was
above cents, and are now lower, most
goods are held at quoted prices and the
mills generally have orders to cover
work into next year, but ii is becoming
a question whether retail distribution
has kept pace with manufacturers or
ders or with sales to retailers.
The opening of clay worsted. by two
leading mills at advanced prices has
not yet been followed by others and It
Is doubted whether foreign prices after
London wool sales next week Will be
helpful.
Iron and steel products are lower,
averaging / per cent for the week and
per cent from tn highest. Bessemer,
anthracite No. and bar quoted lower
while sales below quotations are fire.
quent There is a competition for or
ders, most works having little ahead
and new business is remarkably small.
Structural iron IS cut down by the
strike of house workers here and quite
a number Of mills, principally bar, have
stopped within a few days. The as
socia ton reaffirIns prices but does not
sell enough TO keep works busy.
The demand for cheap boots and shoes
Is a shade better, but many shops are
Idle or working part time and buyers
generally hold off, although considera-
bic reductions are now offered by man
ufacturers on mems split shoes and on
grain, oil grain, glove and buff polish
and pilka shoes. Shipments for the
month are 22.7 per cent less than last
year. Leather is weaker though only
one class is quoted lower. but bids at
Chicago have again declined about
per cent and average relatively lower
now than leather or shoes.
Failures for the week have been 800
In the United States, against 800 last
year and ~ in Canada, against Al last
var.
BRADSTREETS TRADE REVIEW
New York, Nov. 22-Brdstreet's to-
morrow i'll say: The check to general
trade which has been conspicuous for
the past few weeks still continues.
Unseasona bly, mild weather and rains
have intensified this feature, which is
more conspicuous south, where the de-
cline in the price of cotton and cOnse-
quent check to shipments are held to
be partly responsible. But the demand
for staples increases on the appearance
of seasonable cold weather, the result
being large orders for woolens. shoes.
rubbers and holiday specialties.
Exports Of wheat from both coaS.s OF
the United States and from MontTea
this week flour included as wheaO
amount to 2,S16,o00 bushels, against
1925. 900 bushels last week. $4,000 in
the week a year ago; 2,754000 IN the
week two years ago; S.465.0o0 three
years ago and as compared with 4.0S2.-
600 in the like week of 1891.
Business failures show another mark
ed decrease numbering 323 throughout
the United States. against 279 last week
2a5 in the week a year ago and 35S IN
the third week Of November 1898. In
she corresponding week Of 1892. the to-
tai was only is. The bulk Of the In
crease IS in the middle and western
states.
CIEaRI<GS.