The Wichita daily eagle., 1897-07-03

4
Due to the season; That d. Short
/ Orders, Needed Repairs or Nero Delay
in Agreeing Upon Wage scales-Even
Pessi mistic Brads;reet's Views the Mat.
ter Calmly.
weekly review Of trade tomorrow will
say:
| Midsummer vacations have commenced
| in many works with the decrease OF OF
ders usual at this season. This custom
ary vacation is called strike where the
agreements regarding wages for the COM
| ing year have not been reached and the
extensive strike OF amalgamated iron
workers announced July l is Of this na-
ture, but the strike Of coal miners in Hi
nois and other cantra. western states is
not, and may prove costly.
In some iron and cotton works wages
have been reduced. owing 10 the low
prices, one cotton mill in Virginia be-
cause reduction was not accepted. With
better demand the employers will Geek
an agreement, and. in its absence. the
workers, before long, so that the situation
is distinctly of mild summer character.
Large hopes are built on prospective de-
mand after the tariff bill has passed. but
the pressure in the market of large i'm
porting stocks may defer II. The gen.
eral belief is that the removal Of uncer-
tainty will in any case increase business.
Since much OF the future depends on
crops, the Frightening prospects are Of
the highest importance. Estimates by
persons usually most pessimistic now far
exceed any made month ago, promising
IS, COO, 900 bushels Of wheat, with lower
conditions, but largely increased acreage
of corn.
Cotton prospects are brighter. as the
crop appears to be early rather than late
in regions which were not flooded. The
movement Of wheat is small. Western
receipts for the week are 1,630,779 bush
els, against 2,041,71S last year and Allan
tic exports 2,064,173. -four included.
against 2,162,172 last year, but strong
effort to lift prices failed and the close
a
half cent lower Cotton rose an eighth
with small sales.
The iron and steel industry halts at
midsummer, although the demand for nm
ished products still increases and disap-
pointment is due only TO the fact that the
increase is not yet enough to keep all
mills at work and thus bring better price
eli n
ever before, although not 1 per cent be-
low those Of March. 1885. The export
trade is increasing and large order for
India has just been taken at a price said
to be S. below British bids. Coke pro-
duction is increas sing again. as more iron
furnaces are going into blast, and an ad-
dition of 25 cents has been obtained in
anthracite coal. Tin is higher. at 14.1
cents with larger consumption, and cop
per at 10Ac for lake, with heavy exports.
while lead has advanced to SS per cent.
American makers are selling tin plates
at $500 for full weight, against $3.50 for
foreign.
Textile manufactures are waiting and
cotton mills curtaiiing production, with
large stocks on hand and prices scarcely
changed. while woolen mills are gradu-
ely increasing work, with better orders.
and prices inclined to advance a shade.
Enormous buying of wool. 2S6, ,o0O, 900
pounds this year. against 102, 900. 600 last
year, reflects speculation mainly, and
some large lots have been sold three sto
five times since arrival. Prices are
somewhat stronger at seaboard markets,
and SO high in the interior tha. dealings
in domestic are restricted, amounting for
two months to q, 900, 600 pounds against
SO. 000, 900 pounds foreign.
Failures for the week have been 241 IN
the United States. against 2s7 last year,
and 80 in Canada. against % last year.
BRApSTREE1"S REVIEW.
New York, July 2.-Bradstreet's tomor-
row will say:
Better weather has favorabiy affected
the sale Of seasonab,e goods. particularly
hats and shoes orders for
prompt shipment are fewer, but the
movement of goods for fall delivery has
begun. The most encouraging feature Is
the continued and, in some instances. in
that the autumn will
bring a larger volume OF business at
higher prices. General trade is reported
quite satisfactory al Kansas City, st.
Louis, Omaha. Memphis and New Orle-
ans: fair without special expansion al
Milwa ukee, Minneapolis, Cleveland. Sa-
vannah, Galveston and Chicago and slow
er or quiet at Little Rock, Birmingham,
Atlanta, Charleston, Cincinnati and De- |
troit.
None OF the larger eastern centers re-
cord an increase. The least favorable |
feature OF the week is found in the dis |
appointment az lack OF demand, and re-
action in quotations for some varieties OF |
iron and steel. The threatened strike OF |
POO. 900 iron and glass workers and soft |
coai miners is. except IN the latter in |
stance. due. in part, TO the season OF the |
year.
Exports OF wheat (four included as !
wheat )from both coasts OF the United |
States and from Montreal this week |
amount 10 2.S27. $50 bushels, against q.
l5s, 900 last week. 2,s01 900 n The last week |
of June, 1896. 2.Oo7 900 in the like week /
y 1895. 1.S50.o0o n 1894 and as compared |
With 3.67171.0oo in the corresponding week
0f 1883.
Exports OF Indian corn amount 10 1.925-
,3S bushels this week. agains, 2.2si. 900
bushels last week: I.5ss.ooo in the cores
bonding week .ast year. 3ss.0so IN the
ike week Of 1895; 5Ss. 90 in 1884. and as
with $4,000 in the correspond
ng week OF 1895.
There are 7o2i business failures report
d by Brads;reet's Throughout the United
States during ;he past six months. a fall
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