The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-10-31
STOPPED BY POLITICS
Business Almost Completely at
a StandStill.
WAITING FOR THE ELECTION

Prospects Are That There VIII Soon BE
an Improvement in Business-Demand
For Our Wheat and an Unusual Activity
in the Iron Market 90 Dun's Review of
Trade Business Failures.
New YORK, Oct. 31.-R. G. Dun &
Company s weekly review of trade says
A market without anything but politics
to rule is not often seen. Business is
almost abolished until after the election,
by the extraordinary pressure for money,
by the indisposition of anybody to sell
who thinks great change for the better
is near, by the feeling that it is now Of
no use to contract or buy when so little
time remains before decision, and by
the general absorption of business men
in political activities.
The feature of the week has been the
pressure in the New York money mar
ket in spite of the heavy arrivals of gold.
Quotations of call loans at 100 per cent
or more have no real meaning except
that with practically four holidays to
come in succession there is really no
market.
Wheat has declined sharply, but is
rising again. closing about one-half cent
lower for the week. Heavy realizing of
the spot sales, extreme monetary pres
sure in carrying supplies, and belief of
foreigners that they can get what they
want at lower prices by present Austen
tation, have materially helped the
powerful Chicago influence which has
labored to depress prices. But the evil
dence of great demand abroad grows
clearer, and while western receipts are
heavy, 1862, 1927 bushels for the week,
and rs, 756, GA for the past four weeks,
against 81 ,150,964 last year, the enor-
nous milling returns are of especial
value, showing that foreign orders are
preparing a great quantity of flour for
export. These returns, not heretofore
given elsewhere, will be especially in
structive whenever the market turns on
the foreign demand. Atlantic exports
for four weeks, flour included, have
been S,026, 55S bushels, against 6,255, Alp
last year. Higher prices and actual
famine in parts of India have specula-
tive bearing, but are really less import
ant to the American market than the
news of the decreasing supplies from
Russia.
Cotton has held up remarkably well,
in spite of trade estimates that the yield
will be close to 5000, 900 bales. The
trade believes such estimates erroneous,
and also hopes that the present prices
will not be found too high, if with such
a crop there should be good business in
this and other countries. The mills are
selling staple goods somewhat freely
and print cloths are a shade higher, but
there is neither much selling nor much
effort to buy goods of other descrip-
tons.
The speculation in wool continues,
and has taken during the past four
| weeks 2S,321 100 pounds, against 3d.
| 7SS $50 last year, and 26, 53S, 053 i'll 1892,
although less than half the capacity of
mills is employed. 1t is a gratifying
feature, however, that about II estab-
! lishments have started during the week,
| in confidence that business will be
| larger hereafter. There is as yet only a
slight improvement in the demand for
light weight woolens.
Iron has been bought largely by spec
ulators, 5000 tons of Bessemer at Pitts
burg raising the price to $11.90, large
quantities of grey forge raising the
price to 5000 and 10000 tons, nearly
all of northern iron at Chicago. Fin
ished products do not change i'll quoted
prices, although quotations are less
shaded than of late to secure business,
and there is strong belief that after a
week there will be marked change.
The known orders deferred until after
election would by themselves suffice to
employ the works for a considerable
| time.
Failures for the week have been 27C
in the United States, against 27S last
year, and 40 in Canada, against SO Last
year.