The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-12
BETTER DAY COMING
BUSINESS COMMUNITY DISPOSED TO
PISK THE FUIU6E

Week has Much OF o Temporarily Disceur-
ments, But There Is Buying of Raw
Structural and Textile Materials
Against the Time Of Refreshing-specu-
lative Wool Buying-Print Cloths Adj
vance-Wheat . Cent Up-Bradstreet's
Reports Retailers Stocking Up.
New York, Sept 11-R- G. Dun &
Co.'S weekly review OF trade tomorrow
VIII say:
Better prospects, and relief from
monetary anxiety do not yet bring
larger demands for finished products,
though large buying OF pig iron, wool.
leather, hides. cotton and other mater
falls continues to show a growing belief
that a general upward movement in
prices viii come with the replenishment
Of dealers stocks this fall Most prices
are extremely low. so that nothing more
than ordinary demand would advance
them But bank failures at New Or
leans cause temporary hesitation; crop
returns indicate disappoin tment in some
cotton and some spring wheat states;
prices OF corn and oats make il I'm
profitable TO sell at present; the num-
Der Of manufacturing works and mines
In operation does not gain, but rather
decreases; reductions OF wages are
somewhat numerous, occasionally re-
sisted by strikes, and an these condi-
tons diminish for time the puying
power OF the people. While many think
q general Improvement cannot come un-
III the election has removed political
uncertainties others expect soon to see
the result anticipated in trade.
The weekly output of pig iron de-
creased 2S.67S tons in August, a shrink
age OF 40 Per cent. UnsoId stocks in
creased S2,oS7 tons in August, exclusive
OF those accommodating in the hands of
the great steel compani Strictly not
haft the iron working capacity is now
employed and the demand for finished
products does not grow, but heavy spec
ulative purchases OF pig, and especially
from southern works, have sustained
prices.
The output OF Connellsviile coke was
65,s9 tons weekly, against $4,000 Oc-
tooer s, last year, and $50 ovens are at
work, against 1851 then, with 10000
workers now idle.
Sales of wool for the week have about
es4uaied the normal consumption, for
the first time in several months, not be-
cause manufacturers nave more orders
or are doing more work for no gain IS
seen in the demand or output. The
buying is mainly speculative, based on
the belief that prices must advance.
No considerable decrease appears IN
the enormous stock of print cloths, al
though the output has been reduced
q bout half for two months and fifth
Of the years production remains in the
hands Of makers, but they have ad-
vanced the price 3-16 cent during the
week. For other goods there is better
demand and manufacturers have aSd-
yancei prices because OF the rising cost (
of material. The average for all cot |
tons having risen SO per cent since Al
gust 6, but stocks OF many kinds are !
arge.
Wheat declined a cent, but advanced, |
.losing a cent UP for the week. West 1
I'm receipts stilieNceed last years, hav- |
NJ been IN two weeks II, 22s, OBS bushels, |
gainst i0123 ,2SS last year, while At
antic exports, flour included, have been /
or the same weeks $685., 265 bushels. /
against 2,417,S72 last year. Accounts OF
f1Sa ppOinlnS rSEd1onS III spring "heae 7
states are numerous, but IL Is difficult /
% reconcile short estimates with heavy
marketing at the low prices. Corn is
almost wholly out of danger and the
held is generally considered TO be the !
argest, as the price here is the lowest,
.ver known.
Failures for the week have been 80 I
n che United States, against 1S7 last
rear. and AZ In Canada, against 81 last
ear.