The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-03

both in amount and in average iiabiii-
ties per failure, and much larger in
manufacturing than in trading. Part,
but clearly not all the causes, has been
influenced by the movement of gold and
depresSionS is still shown by clearing
house payments, 22.1 per cent less than
last year for the week and 31.2 per
cent less than in 1892, when another
presidential election was near.
The continued advance i'm wheat may
prove Of the utmost Importance. II
has been .l.12 cents for the week and
10 cents since September 2, and is MAIN
~ due to short crops abroad and IN
usual foreign demand. Atlantic ex-
ports for the quarter ending with Sep
TENDER, -four included, were 23,195, IA
bushels. against Il, 800. 020 last year, the
outgo Of wheat separately having near
ly doubled, in spite of higher prices.
No lack Of available dornstic supply
causes or supports the advance, and
western receipts for the exact quarter
were $751; 81 bushels, against 43, 790, 944
last year.
Cotton has weakened after its sud-
den rise, because the demand for goods
has relapsed into hand-to-mouth buy
ing and print cloths are lower, at 2.5S
cents. Some injury has been done by
recent Storms, but the market seems
not now In the humOr to magnify them.
There are unmiStakalble encouraging
signs in the great industries, although
the actual gains in working force en-
ployed or IN new orders received is
Slight. But the strong demand for ma
terials, for pig iron, hides and wool,
as for cotton, does not diminish, and has
already gone far enough to stiffen pri-
ces. In wool, quotations are scarcely
stronger, but represent actual sales
more nearly than in past weeks, when
buyers with cash almost made their own
prices Sales in five weeks have been
80, 1863, 200 pounds, of which only 1878, 500
pounds were foreign, against 34,719,11O
last year, of which Is, 1884 were for
eign, and 37,2SS, 400 in 1892, of which H.
090 600 were foreign, and when it Is re-
membered that in spite of the recent
starting Of some mills, not more than
30 per cent of the total capacity can
be producing, the preponderance of pur-
chases to anticipate future wants is ap-
parent. Orders for woolens do not gain
and several kinds of dress goods, fan
nels. suitings and fancy worsteds. are
selling a shade lower.
Buying of Bessemer pig again lifts
Pittsburg quotations to SLID without
any general gain in the demand for fin
fshed products and steel bars for the
first time are sold at one cent, against
IL asked by the association for iron
bars. Plates and rails are in less de
mand, but there is heavy buying OF
sheets at the west. Confidence that re-
vived business must bring a greater
demand than all the works can meet
induces the various associations to
make a change in their prices The
minor metals are not strong, lake cop
per at lO1. cents, tin at 1880 and lead
about 2S cents.
Merchants and manufacturers are
waiting, but there are not waiting signs
that many have the confidence to in
vest and push forward as though the
dawn of prosperity were close at hand.
The quarter that has passed has been
most trying but things would be worse
than they are but for the general be-
lief that better times are near.
BRADSTREETS TRADE REVIEW.
New York, Oct. 2.-Bradstreet'S to-
morrow viii say:
Cooler weather and continued pur-
chases by interior merchants, notably
west and south. continued the slight
improvement in the trade recorded IN
preceding weeks. Merchants at prl-
mary cotton markets and at large CEN
tiers in the spring wheat region report a
better movement OF staples, due TO un-
usually heavy receipts Of those crops.
Through the central west, including
such points as Baltimore, Cincinnati.
Chicago and St. Louis, the volume OF
trade falls behind that OF a year ago
IN some instances, but is equal TO II IN
Others. At eastern centerS the i'm
provement Is seen in greater ease in the
money markets and more disposition 70
discount commercial paper, although at
unchanged rates. Wholesale merchants
report a better feeling very generally.
but few anticipate any material in
crease IN the volume OF pusiensS this
month.
Mercantile collections continue slow
and as difficult 10 make as heretofore,
except in tle cotton states and some
points in the northwest, where heavy
crop receipts have enabled interior nez-
chants to EQuidate long standing ac-
counts. The more conspicuous demand
at larger interior cities Is for dry goods,
clothing, shoes, hardware leather and
lumber. There IL also better demand
for pig iron and for sceei. Business in
cotton goods has been checked by the
advance in prices. and mill stocks tend
TO accumulate again.
Exports Of wheat flour included as
wllesO from both coasts Of the United
States and from Montreal this week
amount to 4.2l5. 7s4 bushels, the largest
weeks export of wheat since the So
ond week IN September, 1896 L Is COM
pared with s.S50,o1o bushels last week
2.613,ooo bushels n the corresponding
week one year ago. 3.2f3. 600 bushes two
years ago. 3.ISs.e09 bushels three years
ego. and with 4.e7I.c59 bushels IN chs
corresponding week az lsS2.
The total numb=r OF business failures
Throughout the UnstSd States from Jan
uary - September %. is@s. Is u. 80
The llaTgest aggregate repors=d for = IKE
pe.soi ssfsoe records % tais character
have been complied. The next largss1
corresponding totai vas li.iso. fo- The
nine months % The panIc year. 1875
Total business failures throughout ne |
Dominion % Canada amount n ISL |
for the past nine ns9nths- Al Z1c-asaAs OF