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

! instant cooperation Of the money inter
ests With Chicago to restrict the dis
turbance deserved praise and did much
good but IL Is not possible TO avoid some
Snock 10 the public confidence and a
quick Tightening of eastern money mar
kets has already shut off commercial
loans almost entirely. The collapse
also increased the caution of bankers
and other lenders regarding loans On
securities Of a similar character.
1t is important that the increase Of
merchandise exports, 100000 for the
week, and the decrease of imports, &700,-
600, or "a per cent, still continues to
limit the sum payable abroad. In five
weeks the increase Of exports has been
$500, 900, or Is per cent, and the de-
crease Of imports 81, 200. 900. or Is per
cent, which helps TO balance accounts
GRAINS AND COTTON.
The movement Of wheat is again large
Atlantic exports being 1,761 ,03s bushels
for the week, -four included, against
1884, 800 last year and since July first
4,SIofge bushels. against 4,281 ,c19 last
year Conflicting crop reports are as
numerous and noisy as ever, but the
more reliable mark up winter wheat at
800, 900 bushels and the movement
tends 10 sustain such estimates. for
since JULY I, western receipts have
been 1888, 332 bushels, against $3.50. 020
last year. It Is not easy TO believe that
with prices ten cents lower than a year
ago. farmers have marketed a smaller
crop. Corn is also moving rapidly,
with western receipts of qi,773 ,O81 bush
els. against 1861 .075 last year
The situation as 20 cotton is doubtless
critical. Extremely hot and dry wea-
ther has done serious harm and the
price has risen almost beyond prece-
dent, &c on Wednesday alone, and the
alarm VIII at least be of service TO plan
tiers in giving them better prices
LABOR, DISTURBANCES.
Labor is more disturbed than usual
The great strike OF garment workers
here has much extended; the strike at
Cleveland has broken out again and in
wolves several other branches Of Ia
Dor; the iron furnace men OF the Shen-
andoah valley resist a reduction to the
wages of May, 1895, though the Mahon-
ing valley workers do not; the iron
works throughout the country are stri-
wing TO cut down the cost in order to
keep in operation; the iron mines of the
Gogebtc range are stopping; the suspen-
general, and over 1000, 900 spindles are
sal dto be idle at FAN River alone, and
pro bably three-eighths or more of the
entire producing capacity in the coun-
try: the rubber works have mostly
stopped and a number of wooden mills
also. Evidently both the working fore
es and their wages have been reduced.
METALS AND TEXTILES.
The iron markets grow less denoraliz-
ed in tone, because ali the associations
desired to maintain prices for this
month, but the markets are not strong
er in volume of orders or purchases.
Pressure to sell, even at concessions, IS
the prevailing rule, and prices almost
nominal. Minor metals are generally
weak, but prices Of coke and coal are
held without variation
Curtaflment Of production in cottons
does not bring a stronger market and a
few quotations are reduced. Sales of
light weight woolens are disappointing
and mainly Of cheap grades, and in
some cases prices are again reduced
Sales Of wool for the week were LAC. 400
pounds, against $3.50 500 last year and
!, 271, 700 in 1892.
Failures for the week have been 240
N the United States. against 227 last
year, and 81 in Canada against 43 last
year.