The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-20

tion IL by No Means Secure Yet
New York, June 1s-R. G. Dun
Co.'S Weekly Review of Trade, which
issues tomorrow, will say:
There are continued signs that a gain
in business has begun. Stocks have
gone higher than they were before the
artificial break Of ten days ago, wheat
and cotton are in better demand, there
is more confidence in monetary circles
and the tendency toward shrinkage in
| great industries seems in some measure,
at least, to be checked. With the out
come Of the Democratic convention still
uncertain, and the great crops not ys;
| wholly beyond danger, a sure and
| strong improvement could hardly be ex-
pected, but the tone in business circles
has grown distinctly more hopeful.
Beyond the general influence of this
hopefulness nothing appeared to justify
the advance of u cent in wheat, q cent
in corn and 5-16 cent in cotton, and re-
action started in all of these with the
| taking OF profits Thursday. Wheat re-
ceipts at the west, 2,41S.76 bushels for
| the week, against 1,113.134 last year, in
dictate no slackening of supply for fear
| ports, 2,406.49 bushels, flour included,
| for the week, against 1898 last year,
| are large for the season but, with new
wheat just beginning TO move teh supply
| is ample. The advance in cotton also
! has no visible cause in crop prospects
| or movement, though receipts at ports
| have been light. Accounts still indicate
large yield and the most substantial
news OF helpful nature is that the
tone in manufacturing circles is more
/ cheering.
Textile manufactures do not gain and
! the assignment Of a large worsted MILL
is thought to be due to a special cause,
rather than 10 the general influences
which curtail or temporarily stop pro-
duction Of many others. There is rath-
er more hopefulness, which is felt in the
arrest in the decline of woods; prices are
now lower than on June l and sales do
not increase. being 1904, 900 pounds for
the week, and for the three weeks s.
917,5O0, of which 5,237, 200 were domestic,
against 1886, 065 last year, OF which s.
SS4, 365 were domestic. Manufacturers
await orders which clothiers hope soon
to give, but are not yet ready, and the
only changes in prices are declines Of
TO 10 per cent In some very low grade
reduction IN bleached shirtings in
standards to the lowest price ever
reached. The change discloses no new
weakness, but a belief that the time
has come when sales can be effected by
reduction and large sales are now re-
ported Stocks Of dealers are believed
TO be so low that replenishment would
now make a great change in the condi-
ton Of the industry.
The waiting in iron and steel brings
a slightly lower average of prices, the
lowest since April 1, and only Is per
cent above the lowest of the year
though the combinations make no
change IN quo tons. Beams are quot
ed delivered instead of at mills, but
numerous contracts are kept back. Con-
sumption OF wire nails at current prices
has so declined that American wire
rods are offered at competing prices in
England. Scarcely anything is done in
iron bars, because steel bars at IL take
the business and the billet pool IS stin
under sold by 81 by middle men, while
many works are putting UP steel plants
OF their own Plates are weak and also
sheets, and orders for rails, though
numerous are not large. Southern No.
Is offered 81 below Pennsylvania pig
and Grey forge is 10 cents lower a
Pittsburg. Since coke was advanced
10 81 per ton, the ovens at work have
decreased SO per cent. and the weekly |
output 60563 tons, or 50 per cent.
Failures for the week have been o76 |
IN the United States. against 22S last
year, and Is in Canada, against 81 last !
year.
BRADSTREET'S
Bradstreet's tomorrow will say:
A national presidential convention /
this week and the between-seasons dull |
ness explains the increased restriction
In the volume OF general trade. In in
dustrial lines there is no Improvement.
In iron and steel, prices of some varie-
ties tend lower and buyers manifest
little interest as TO the requirements.
Present activity among dry goods job
oers is confined TO working or odd lots
preparatory 10 stock taking. Manu-
racturers Of cottons have cut quota
tons to attract buyers and. while there
IS Increased activity in fannels for fall
delivery, recently opened fall prints
have found few buyers. The practical
ending OF the strike and boycott at Nil
waukee is followed by a threat Of iron
and steel workers at Pittsburs 70 strike
Z not granted an advance by July I.
The movement of merchandise is small
ar in volume than a week ago the
greatest activity being show in hard
ware, groceries, drugs, paints and
Nothing. Manufacturers OF wOoleus
ire reported more hopeful and 10 be
making inquiries as to supplies OF raw
material, but quotations for wool at the
Interior are still above a parity at sea
'oard prices Relatively the most fav-
'rable trade report of the week is from
chicago. where inquiry for iron and
teel has increased and specifications
or work are coming forward more free
y. This has created better feeling.
Exports Of wheat, -four included, |
rom both coasts Of the United States
his week amount TO e3.1e0 600 bushels.
gainSt 1922 coo bushels last week and
$1,000 IN the week one year 20. and
s compared with !. 927. 600 in the third
-eek ot June. 1894. and with 1865 90 N
he Ike week Of 1892.
Business failures throughout the
'nited States continue n run some 4
hat above the range IN ike weeks n
7eceding years. The total reported
his week IS e65. compared with ga las. I
eek. u n the week one year ago. IS5
! the third week OF June. 1884. and as
ontrasted with go. nearly 100 more :
han this week. n corresponding week
1888 There are s. business failures
aported throughout the Canadian Do
iinion this week. as compared with e
Lst week. 50 II the week one wear ago s
two years ago and % n the third
eek OF June. 1888. !