The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-06
NOT MUCH TO HELP
STILL, DUE'S NOTES NEARLY MAIN
TANNED MARKETS.

Old etocks Left Over-Predictions OF
Better Times After Convention Time
and Harvest Tfme-Bradstreet's Notices
Further Declines in Staples.
New York, June 5.-R- G. Dun & Co.'S
Weekly Review of Trade. which is pub
iished tomorrow, viii say:
It is highly suggestive that, with as
little help as there now Is from new
/ business, markets are so nearly main
tanned. Summer is close at hand and
with new crops promising we'll and old
stocks larger it is no wonder that the
farm products are cheap. The factories
and mills are still waiting for the rush
| Of business seen last year and in spite
| of narrow orders are at present general
ly holding on with much confidence. It
is so late that gold exports no longer
alarm, for the date of the expected re-
turns draws near. The opinion gains
ground that more active business is to
be expected after the conventions have
been held and the safety and sufficiency
of crops have been assured. Low prices
at this season affect farmers very lit
tie, but do affect spectators who have
bought from them for a rise.
The decline in wheat and cotton has
helped marketing the surplus. Some
exports have been more liberal from
Atlantic ports, 2.227,411 bushels of
wheat for the week, -four included,
against 1,555,3so last year, while west
ern receipts. 2,006,475 bushels, against
LIPS, 457 last year, increased much less
than here tofore. Estimates entitled to
most confidence point TO a probable
yield OF 800, 000, 600 bushels OF wheat,
which, with the stock carried over, viii
clear away any danger OF oppressive
cahnges for breadstuffs, at the same
time giving producers a fair return.
Estimates of cotton acreage by the best
authorities indicate crop of 10, 900 900
bales. The weather IS favorable and
the surplus from past crops is certain
with only fair yield to be large enough
TO prevent any harmful rise, as yield
exceeding the maximum worlds con-
sumption of American would probably
cause some decline. The movement of
cattle at the west Is very heavy, at Chi
cago 10 per cent greater than last year,
thus far. and lard makes a new low
record, with enormous stocks accumu-
lated.
pTODleHl OL the udy Is
wether iron and steel prices can be
maintained, as they have been during
the past week The nail associations
have failed thus far TO win over compel
itors who underseil them and are able
to manufacture 5000 against every 100.-
900 by concerns IN the combination. The
bar association asks for iron more than
the selling price for steel bars. Open
hearth billets are freely sold at Pitts
burg below the price asked for besse-
mer, and middlemen are still selling
bessemer bfllets about 81 below the
price fixed by the pool. Naturally the
doubt regarding the maintenance OF
prices greatly checks the demand for
the present, but that a larger demand
IS certain and will not be Song delayed
is one thing which prevents any con-
siderable decline The, textile manu-
facturers are falling with some cotton
goods reduced still further in prices
and ginghams 10 the lowest point ever
known, while no increase appears in
the demand. Sales of woods still fall be
low half the quantity required for a full
consumption, aAl prices have further
declined, the avfrage Of quotations by
Coates & Bros. falling below 13 cents
for the first time, making the fall as
and mixtures. fancy cassimeres and
fancy worsteds are a shade lower, the
average of representative prices being
2S.4 per cent Iswer than in the spring of
1890. against 27.S7 a month ago.
Failures for the week were 234 in the
United States, against 1875 last year, and
20 in Canada, against 20 last year.
BRADSTREET'S REVIEW.
a..
morrow will say: General trade con-
tinues depressed IN almost all lines. De-
mand IS smaller than a week ago and
request for and offerings of commercial
paper have decreased. Mercantile col
iections continue complained of and the
tendency of prices. particularly OF ce-
reals, sugar, coffee, pork products, cot
ton and cotton goods and iron and steel
con ttnues downward. At the south the
more favorable features are the rain
which has visited South Carolina,
Georgia and Alabama, with benefit 10
the crops; about one-sixth increase in
the cotton acreage of Texas; higher
prices for rosin and a larger volume of
business at Nashville, Charleston and
Baltimore. Nebreska's prospects were
never better. There is a moderate de-
mand for dry goods at Chicago, but
generally IL is disappointing. The check
to trade at St. Louis Is in part the re-
suit OF delays in distribution Of mer-
chandise on account OF the late storm
Unseasonably cool weather and rain
have interfered with retail trade In ter
ritory tributary TO Kansas City.
Eastern advices are that wool Is as
fun and weak as ever, with larger
stocks Of old carried over than for years
and very light demand for new clipped.
In the face of this. Portland, Ore, wires
that about 1900 tons of wool will be
handled at The Dalles this year, and
that Il has begun TO move. but that
eastern buyers have not put in an APP
pearance. Makers Of cottons for export
are doing relatively the best business.
Over-suppdy of cotton fabrics continues
10 depress prices.
Exports OF wheat. -four included as
wheat. from both coasts Of the United
States have been the largest since the
third week IN January, s.20e. 900 bush
els. against 2,0S4.00 last week. :. or, 600
bushels the first week OF June. 1895. 9
AZ. 600 in the Correspondent week OF
1894. and as compared with ASA, 900
bushels 20 the like week OF 1898.
The total number OF business failures
throughout the United States this week
as reported TO Bradstrest's - 2Ss. com
pared with 30 last week. 23s IN the first
week OF June, 1895. e07 in the CORES
ponding week Of 1874, and 2sS IN the
IKE week IN 1855. There are - bust
ness failures reported IL Canada this
week. against % last week. - IN the
week a year ego. 81 two years ago and
So three years ago.
RANK CLEARINGS