The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-31
RULED BY POLITICS
BUSINESS SITUATION TEMP0RAR-
lily IN ABEYAECE

Wants to Sell, With . Change for the
Better in view-And Then Business
Mea Themselves, for Once, Realize That
They'd Better be Busy Working Aions
Political Lines for Their Business In
terests-High Money xstes Mean Sim
ply, -Four Holidays in Succession.
New York, Oct. 30.-R. G. Dun & Co.'S
weekly review tomorrow viii say:
The market without anything but pol
| itics to rule it is not often seen. Bust
ness is almost abolished until after the
election, by the extraordinary pressure
for money, by the indisposition Of any
body 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 de-
cision and by the general absorption OF
business men in political activity.
! The feature of the week has been the
pressure in the New York money mark
ct, in spite Of the heavy arrivals Of gold.
Quotations of all loans at 100 per cent
or more have no real meaning except
that, VIII pIdClldCl4y 1Oul .iOAiOoyo -
come in succession, there is no market.
Wheat has declined sharply, but Is
rising again, closing about " cent lower
for the week Heavy realizing Of the
spot sales, extreme monetary pressure
in carrying SUPPLIES, and the belief of for
eigners that they can get what they want
at lower prices by present abstention,
have materially helped the powerful Chi
cago influence which has labored to de-
press prices. But the evidence of great
demand abroad grows clearer, and while
western receipts are heavy. I.562,92I
bushels for the week, and S,156.644 for
The pastfour weeks, against 8, 15O,9 1864 last
year, the enormous milling returns are
of especial value, showing that foreign
orders preparing great quantity OF Hour
for export. These returns, not hereto
fore given elsewhere, are especially In
structive whenever the market turns Oh
the foreign demand. Atlantic exports
for four weeks, -four included. have been
S,026,55S bushels, against e.255.412 last
year Higher prices and actual famine
in parts of India have speculative bear
ing, burt are really less important TO the
American market than the news OF the
decreasing supplies from Russia.
Cotton has held up remarkably well.
will be close to nine million bales. The
mills are selling staple goods somewhat
freely and print cloths are shade higher
but there is nther much selling nor much
effort to buy goods of other descriptions.
The speculation in wool still continues.
and has taken during the past four
weeks 2S,321, 100 pounds. against 29,7SS,-
$50 last year, and 26,53S, 053 in 1892, al
though less than half the capacity of the
mills is employed. 1t is a gratifying
feature, however, that about twelve es-
Establishments have started during the
week in confidence that business will be
large hereafter. There is as yet only
slight Improvement in the demand for
lightweight woolens.
Iron has been bought largely by spec
ulators, % 900 tons of Bessemer at Pitts
burg raising the price to $11.90, the large
quantities. of grey forge raising the price
to 5000 and 10000 tons, nearly of north
ern at Chicago. Finished products are
unchanged in quoted prices, although
quotations are less shaded than of late
to secure business, and there is strong
belief that after week there will be
marked change. The known orders de-
ferred until after election would by them
selves suffice to employ the works for
considerable time.
Failures for the week have been go in
the United States against 218 last year,
and 40 in Canada, against SO last year.
BRADSTREET'S
New York, Oct. 30-Bradstreets to-
morrow will say:
Business in staple lines is confined to
immediate wants, interest in the cleo
ton absorbing attention. The volume OF
rrrnn a OF
and will continue restricted until the re-
suits of the election are known. Advices
from important distributing centres re-
port that leading commercial and indus
trial houses take hopeful view Of the
bushes SC utlook, and expect an early ar
rival of demand, based on the anticipated
success of the sound money issue. An
encouraging fea ture Is a further advance
in the prices Of leather. wool, Bessemer,
pig iron, wheat, Indian cord, lard, raw
ard refined sugar. and for crude refined
petroleum. Only moderate orders have
been placed for wooden goods for spring
delivery but manufacturers are dispoS-
ed to buy some raw material.
Total exports Of wheat. -four included
as wheat, from both coasts of the United
States amount to $4,000 bushels this
week, exclusive Of shipments from Cal
weston, no report OF which mas Deep re-
ceived, compared with 4,067.000 last week
2,743, 900 in the last week of October 1885,
1884. 0OO bushels il the like week of 1894.
2, $50, 900 bushels in 1898, and as compared
with 3,7l4,OOO bushels in the correspond
ing period of 1892. Exports OF Indian
corn amount to 1857. 900 bushels this
week, nearly 10000 bushels less htan
last week. one third more than in the
corresponding week of 1895, fifteen times
as much as in the corresponding period
Of 1894 and three times as much as in
like weeks OF 1893 and 1892
Mercantile failures throughout the
United States have declined In number
this week, the total being 246. against
2e2 last week, 299 in the same week one
year ago, 153 in the corresponding per-
iod two years ago, and as compared with
S5S in the corresponding week Of 1893.
There are 81 business failures reported
from the Dominion of Canada this week.
against IS last week and ike number
in the same week one year ago, but as
compared with 46 two years ago.
DRY GOODS MARKETS
New York. Oct 3o-More general at
tention by visiting merchants was eX-
than axnaCt1d and "a iriv ex.A.-