The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-13


ment Duh as Ever-Retailers Bay just
what They Have to Bave-Dun's Esti-
mate OF the Weeks Operations OF the
speculative:sort-Gove Crop Re
port-Business Failures.
New York. June 12-Bradstreet's to-
morrow will say:
There is little or no effort TO push
business al a period OF so much uncer-
tainty as 70 the precise terms OF the
financial planks 10 be adopted by the
great political parties in the national
conventions. The general merchandise
movement continues as dull and conser-
vative as heretofore, retailers with few
exceptions buying only for immediate
necessities. Mercantile collections con-
tinue slow and unsatisfactory and there
is no gain in the cotton, wooden goods.
iron or steel industries.
Western spectators are buying wool
above parity with prices offered from
the east. There is little likelihood OF
higher prices for wool while so much
machinery IS idle. Nearly all branches
Of dry goods are somewhat depressed
Cotton goods are below a parity with
raw material
General trade in central western
states remains quiet No improvement:
is reported from Chicago, as compared
with unsatisfactory records OF the re-
cent weeks. Kansas City and Omaha
report relatively the best demand
among western jobbing oenters. nota-
bly, among wholesale OF dry goods, shoes
and hats and agricultural implements.
Reports from southern distributing cen
tiers announce an almost uniformly
quiet trade.
In Texas corn is suffering for want OF
rain. Exports Of wheat flour included
as wheaO from both coasts of the Unit
ed States amount 10 2.s22, 600 bushels.
against 5000. 900 bushels last week, L.
ISL 900 bushels in the week one ksar
ago, 2.254,000 in the week two years ago.
and 1884. 900 three years ago.
The total number OF business failures
throughout the United States this week
is 234, compared with 23S last week, 252
in the week second week OF June last
year. 227 in the corresponding week OF
1894, and as contrasted with 303 IN the
like period of 1898
There are SO business failures reported
from the Dominion OF Canada this
week. compared with 20 last week, 81 n
the week a year ago, and 90 in the week
two years ago.
DUN'S REVIEW OF TRADE.
New York, June 12.-R. G. Dun &
Co.'S Weekly Review OF Trade, which
issues tomorrow, will say:
Speculative reaction has not in the
least changed the business outlook. The
fictitious prices made for wheat and
cotton meant no good except for indi-
viduals, and the change TO prices more
nearly in accord with actual relations OF
demand and supply, only conforms to
which have been well known
for months. The attack on stocks on
Wednesday was so plainly artificial
that its influence passed with the day
and neither in foreign relations or in
domestic business was there anything
TO justify alarm.
The government crop report. az to
wheat, indicated much smaller yield
than anybody really expects, but that
has become so much the rule that the
report had no real influence and the
principal effect was the serious depres-
sion caused by large sales In anticipa-
known in advance to some
epeculators. While Atlantic exports for
the week were 1,5ss.15s bushels. flour
included, against only SOS. 339 last year.
the comparison is obviously exceptional
and significant, while the receipts at
western ports OF 2,429, 345 bushels,
against ], 1856, 230 last year. show persist
ency OF conditions which have govern
ed the movements during the whole
year. The government estimate as 10
cotton was unexpectedly favorable and
has caused a decline of more than half
q cent In a single week
1T is not the time TO look for marked
In industries and the best
thing that can be said OF them is that
none have as yet been seriously dis
turbed by threatened labor difficulties.
IL seems not improbable that all such
difficulties may be averted. except per-
haps the controversy about wages OF
ron paddlers and tin plate workers.
The output OF pig iron June 1 was 1872
20 tons weekly, against 1s939S tons
May l, while the stocks unsold. eIclud- |
ng those held by the great steel com |
panies, amounted TO 7s5. 943 tons. against |
I6s, $50 May /, and only 30, ST. January |
|. These figures show that while con- /
IS fair II IL much below the
actual output OF pig iron, and markets /
are extremely dull because great num- |
Der OF orders for finished products are
being kept back by uncertainty regard |
ng the maintenance OF prices by the 4
various pools and combinations The 1
billet pool has been able 20 make its /
irst large sale. but with a guarantee /
" the price for months TO come. while 1
are still ceiling biliets at 4
9ittsburg at 3 cents 20 81 per ton lower /
han the pool price. and the spprehend- !
d weakness in finished products has 4
,learly appeared. although the Nail as
ISOLATION. by taking in the Pittsburg l
Wire company and Back e. Co. Of Pitts 1
burg. has been able TO hold prices for g /
iuie. Bue steel bars have been sold a; 4
cent. against IL cent asked IN the same /
market for iron bars. Other changes ia 4
quotations are not material. but IN al /
ne markets the tendecy Is toward low
r prices
The textile manufacturers are maxi
ng no improvement The accunula-
ions 81 cotton goods continues, print /
loths have declined 70 the lowest point /
yer reached snd a general stoppage
o relieve the market = expected
Sales % wool f. Two weeks OF Juae
ave been only s.s27 go pounds against
2 81. ss5 last year. and no gain IL ex-
ected IN the manufacture for some
inc TO come
Failures Tor tire week have been 24s
a the United States. against 2fi las;
tear. and = n Canada, against a last
ear
BANK CLEAKiSGS
New YORK. June I1.-Tse folloEl-K table.
oupii>d - ETs6stFse;'s. shows the fo-si
.sarslces 81 TIE principal cities zad -.
eruertzge % Increase o. decrease A.
au2ar.d Nth TIE cOCTeSyozdlzx wesc