The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-15
Grain Observation-Disclosures.

New York, Aug. 14-F. G. Dun &
Co.'S Weekly Review of Ttrade, which
issues tomorrow, wifi say:
IN extraordinary spell OF deadly
heat has affected trade throughout the
country and m the east speculative
feeling was somewhat effected until
Thursday by apprehension OF the posi-
bic influence Of the Bryan meeting.
With cooler weather there came also
On Thursday the perception that the
meeting would not affect business unfa-
vorably. But other conditions were not
stimulating. According TO government
reports the crops have sustained seri-
Gus injury. Labor difficulties extend
and the closing Of establishments for
want of work and the refusal of COM
mercial loans by banks, checked opera
atoms in many branches of industry
and trade. The week. therefore, closed,
as the last week did. with domestic
business unusually dun for the season.
Measured by clearing house changes, it
was per cent smaller than last year
and 15.5 per cent smaller than in the
same week of 1892, the last year Of full
business al this season
The government crop report for Au-
gust was SO gloomy that a great rise in
prices would have followed If IL mad
been entirely credited. In fact, wheat
rose about Y cent, but again declined,
closing only a fraction higher for the
week. Corn declined throughout the
week, closing over a cent lower. Cotton
advanced a sixteenth because OF con-
remember that the government &C.
counts were based on returns prior to
the fearful spell OF heat and hence may
be more nearly correct than they were
when prepared. But Official and unof-
fetal estimates OF a great decrease in
the wheat yield are confronted with a
movement from the farms OF :. $50, TAI
bushels for the week, against 2,2s5. 242
last year, and IL scarcely seems reason
able TO believe that 20, 100 600 bushels
would nave been marketed since July
1 this year, against II, S25, $50 last wear.
II the yield had been smaller, with the
prices cents lower than a year ago.
Atlantic exports, (iour included) 1872
$50 BUSHES, against SS9. 301 last year.
are not enough TO account for the differ
ence. No one now questions the proba-
billy OF q very large selling and a re-
action, although a turn upward on Fri
day took the price to SO, with moder-
ate trading
Coke production was reduced 90 7e4
tons weekly in July and has been furth-
er reduced since August l, while unsold
stocks increased 26,1s2 tons in July. The
stoppage Of a large share of the Con-
nellSyille coke works and of many lake
iron mines is a fair indication that the
two combinations do not believe any
thing could be gained by reducing the
prices Of materials and the main diff
Guilty is obviously the extreme narrow
ness of the demand for finished pro-
ducts, which is so small that most
tranSa ctions aer at some concessions,
even from the current low prices. With
Alabama No. offered at $3.50 at Birm-
ingham, equivalent to sI0.25 here,
against s11.5O for northern No. ., the
market is not large enough to support
prices of either. Copper receded to its
quotations before last week. Iron has
been sold below current quotations, at
1885, with sales OF 500 tons.
The wooden manugacture makes slight
changes, for not more than a third of
the machinery is now running and the
demand for goods does not improve, al
though prices of some important grades
have been further reduced. Sales of
wool at the three chief markets for two
weeks have been 4,7si 600 pounds.
against Il, 413, $50 in the same weeks of
1891 and 16, 436, 3o2 in the same weeks OF
1892 Nor has improvement appeared
in common goods. although the curtaii-
ment of production for some weeks has
been great.
Failures for the week have been eos
IN the United States. against 196 last
year, and Sc in Canada, against IS fast
year.