The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-17

Sreae Importance Ascribed to This Fea-
turs by Dun's-Comparison of Thi,
Years September with Last Years-In-
crease of Exports I'm the First Two
Weeks of the Present Nonth-Heavy
Grain Movement the Cornerstone-
Figures o. the Worlds Wheat Supply
Bradstrcet's Review.
New York, Oct. 16.-R. G. Dun &
Co.'S weekly review Of trade tomorrow
ysll say:
The one commercial exchange which
more than any other insures bebter bu-
einess in the near future is the excess
OF merchandise exports over imports.
in September exports were SIS, OBS, 594
and imports only $50, S25, 705 and the ex-
cess Of exports was s34 ,272, 8S9, in pay
ment for which net imports of god were
So, 249 1913. Last year the excess of meT-
chandiSe imports was S6,7S5,257 dn Sep
sember and net exports of gold S16,506-
55S. In two weeks of October the ex-
ports from New York have increased
30.6 per cent, against 31.2 in September,
while imports have decreased "a per cent,
agatst 35.2 in September. Continued
shipments of gold from Europe, not in
Guiding $1,000. 900 from Australia. now
amount TO s59, 250.O 900 since the move
rnent began, Of which $50, 100000 has
already arrived.
GRAIN MOVEMENT.
The heavy movement of grain is the
corner stone. After an increase Of So
S23,675 in exports OF breadstuffs in Sep
tember, there have been shipped the
past week from Atlantic ports alone,
2.134.774 bushels. -four included, and A.
203, S45 in two weeks Of October, against
3,510271 bushels last year. A more inn
portant fact Is that all available grain
freights have been engaged for months
ahead he7e and ON the Pacific coast.
The minister Of agriculture in India
stated in council on Thursday that dis
Sress was expected in large part of
India as result of the drouth. hut i'm
portations of wheat from California
would help to prevent actual famine.
4 high official of Russia now in this
country confirms accounts Of short
ness in the Russian yield. Thus the es-
Inmates that Europe Will fan 00,000. 900
bushels short of last years supply Of
wheat Is strongly supported. and While
department sstima'~s OF yield in this
country are not credited, there is every
reason to expect a remarkable foreign
demand. Western receipts VIII fall a
little blow last yeans and for two weeks
have been "A ABS, Ole bushels, against 49,
Gs4, 4S3 last year. Wheat has advanced
Az cents for the week and corn two
cents.
METAL MARKETS.
Confidence as to the future makes
49, l. l.. 81
cula tion in materials raises prices so
that demand for finished products is
checked Boot and shoe makers get
very narrow orders at old prices, or at
an advance Of less than 1 per cent for
the week. and less than per cent from
the lowest point. Similar difficulties
threaten in the iron me- nufacture, for pig
IS higher Bessemer at S11.50 and grey
frog at 1913. AT Pittsburg whole plates,
angles and beams are weaker and var
ioIns combinations held prices only by
leaving outside competitors to take the
market as far as they can. Steel bars
are largely s0hd at per cent, while IL
IS demanded for iron. All the nails that
outsiders can produce are sold at less
than THE association asks. billets are still
sold for less than the pool price and it's
shipments in September aggregated
plate bars. and the demand for rails is |
growing small.
The manufacture OF minor metals also |
drags. though domestic demand for cop |
per Is moderate at 1913 cents for lake. /
Lead Is a shade weaker al .. Is and tin |
makers are undertaking foreign Is to (
20 cents per box.
WOO1. AND COTTON.
Wool Is stronger, with continued spe-
cufative buying, and sales at eastern (
markets have been IA. 536 300 pounds for 4
two weeks. against 81. 275.oo0 last year
and 81, 072, 300 in 1892, but consigned wool
has been mostly withdrawn until after |
the election. No gain is at present pos
sible in goods and though the number /
Of mills starting for the week Is fifteen. |
against seven stopping, much of the |
work done IS in anticipation Of a bet |
Ter demand tlSan now exists. The cotton |
manufacture has also started more spin |
dies, but the demand for goods scarcely |
increases and print cloths sell at ESQ 1
cent.
Failures for the week have been 32s IN
slle United States. against 263 last year,
and 40 in Canada. against IS last year.
BRADSTREETS REVIEW.
New York, Oct. 16.-Bradstreet's to-
morrow VIII say:
While the volume OF general trade has
not increased materially new conditions
are favorable TO an early Improvement.
Notwithstanding many interior mer-
chants prefer TO wait until after cleo
ton before placing orders. and others
are willing to order subject TO oancella-
ton should the movement for free coin
age Of silver be successful Sentiment
at aarger business centers regards the
Success of the campaign for sound mon
ey as secured. In some Instances nler-
chants are discovering that view Of the |
situation by placing orders.
Features Of the business week are the
continued advance dn price and strength
Of wheat and the maintenance OF a large
volume OF wheat exports, notably to
India and Australia. While wool is no
higher, holders have sold enough 10 rem
der them Indifferent to immediate bust
ness, and are holding stocks for full fig
ures. Whsie new orders for iron snd
steel products are not being placed free
~, they would be II makers would &C
cept current quotations for 1897 delivery.
Southern pig is % cents higher and, not
witfstan6ing the growing export trade
In iron and steel has been checked by /
higher ocean freight rates and cut prices
by German steel makers. ii is antic-pat-
ed that within three weeks the domestic
demand viii meet expectations
On the Pacific coast trade has been |
stimulated in the advance IN the price
of wheat and continued actfvity II ex-
ports Of lumber snd other staples. nota-
bly to Japan. Australia. South Africa
and India. Trade is reviv5ng n the San
Joaquin valley OF California since the
CT competing railroad
Exports Of wheat (fiour included es
-, ,,..l fr.ry-, n.orh ,,saS-S oT The T-,,s-Ai