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

cause IL mere 10 Sell anu - Sec2cu
There for Use, Which is Incidentally.
Good Thing for the merican Producer
Then There other Forces Operating
for Better Busisess-EveryshinxW Wait
ing, However; to Great Extent, on the
Election.
New York. Oct s-R. G. Dun & Co.'S
weekly review of trade tomorrow will
say:
Distinctly better conditions OF trade
have appeared OF late and are reflected
in somewhat larger employment or Ia
Dor, in larger transactions. and in con-
tinued buying of materials for manu-
featuring. A great part OF the change
is due TO those irresistible laws OF sup
ply and demand which take wheat
where it is wanted and gold where II
is wanted. India is waiting for cargoes
OF wheat on the way from Pacinc
states, just as Australia and South
America were, not so long ago. The
surplus usually available soon disap-
pears and the surplus from Russia and
European countries IS reduced, accord
ing 10 late estimates, 1000, 900 bushels.
Happily this country has supply
which official accounts have not cor
rectly measured, If actual movements
do not greatly mislead- Western re-
ceipts for the week were 7,24s, 900 BUSH
ele, against z So, 474 last week and this
follows an increase OF IA, 900, 900 bushels
in receipts during the quarter ending
September so. Atlantic exports, $685.
~ Il. f. ~he.x Il
against 1,707, 62S last year, are not yet
SO large as to force prices upward II
European buying based on European
needs did not control our markets. A
feature of large Importance, too, is the
unusual foreign demand for corn, which
is a rarely failing sign of deficient
crops abroad, where other grains are
used instead wwhen wheat becomes
scarce and dear.
Iron furnaces in blast October /. have
capacity of 112.72S tons weekly.
against 12s,500 September 1. and 2l7.SO6
November l last year, while unsold
stocks decreased 35, 1852 tons, but If those
Of steel making concerns were included
woulud probably show an increase
Buying OF materials continues, but Bes-
semer Is a shade weaker, $11.40 at Pitts
burg. The demand for product is
slight, and SO much business is held
back pending the election that the de-
creasing of the output is not an I'M
healthy sign. There is quite good
demand for sheets, especially at the
west, and rather better for pipes. and
outside concerns are getting large con-
tracts in steel and iron bars and in
nails, but prices have not been reduced.
Minor metals change little, because the
visible supply, 81, 400 tons, is 5000 great
er than year ago. Some competing
manufacturers are making large sales
Aof 1oo-pound tin plates at $500.
Textile manufa ctures are gaining a
little and the buying Of wool by large
mills covers 1862, 800 pounds for the
week, against II, 49,, 400 last year. Prices
advanced l per cent in September and
have since advanced even more. though
few of the mills have orders for long
time
Failures for the week were 21s in the
United States, against 1873 last year,
and 46 in Canada. against 50 last year.
BRADSTREET,S REVIEW.
New York, Oct. 9.-Bradstreet's to-
morrow VIII say:
Colder weather, continued heavier
receipts Of cotton and wheat and other
influences have stimulated demand for
staple goods at various points, but
the volume Of trade remains without
material change from week ago. The
tendency at some cen ters is to a smaller
trade, but the general outlook is for an
improved demand after election. In
terror merchants adhere to the hand-to-
mouth policy of buying and wholesale
merchants are inclined to examine IN TO
credits closely. Except in the cotton
and wheat regions. mercantile collec-
tons continue satisfactory. Trade Inn
provement is reported from Atlanta,
Augusta, Charleston, Birming ham New
Orleans and Texas cities.
The Pacific coast reports increasing
activity in wheat, the noteworthy fea-
ture being a cargo of wheat exported
TO India Total exports Of wheat from
both coasts OF the United States and
from Montreal. -four Included as wheat,
continue to attract attention, in view
OF the short supplies IN Russia, India.
Argentina and Australia The domes-
nc wheat crop II more likely to approx
innate 500. 900 900 bushels this year than
only 400, eo9, GEO. the general iDterpresa-
ton OF the government wheat crop re
port With the prospect favorng an
exceptionally large demand for wheat
for export within the next six months.
a larger supply than heretofore reported
is likely 20 prove fortunate. The total
exports Of wheat for the week amount
to 4,o5o,772 bushels. against 4,2l5,0 900
bushels last week. 2.244,000 bushels In
the first week OF October. 1895. 3.317, 900
bushels in 1894, 2,Ss2. 900 bushels in 1898
and 3,s35, 900 bushels n the correspond
ing week OF 1882
There are zls business failures in the
United States reported this week, de-
cline Of "a as compared with last week,
but an increase Of II as compared with
the corresponding week in 1884. When
contrasted with corresponding totals
in 1893, this weeks failing of IL lis.
There are 81 business failures reported
from the Canadian dominion this week.
Last week the total was e, year ago
IL was "a, and two years ago 81.
BANK CLEARINGS