The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-25

Dhys anu MORO SOmfDR on the 1Eaoe
Balance Is ConsIdereda Pretty Fair
Exhibit-Excess of Exports Over I'm.
ports Is Another straw-Coal Strikes
Ending Arguments the Breeze-YeIlow
Fever Restricts Business in the South
Weeks Trade Statistics
New York, Sept PAR. G. Dun & Co. 5
weekly review OF trade will say in It's
issue tomorrow:
Cold imports have begun direct from
England and from France, besides the
arrival Of $4,000, 900 a. San Francisco for
wheat exported. The gold received there
$500, 600 in two days, and The advance
CT lis rates by the Bank of England TO
IL per cent seems little likely to check
the movement, in view Of heavy merchan
! disc balances due 20 this country, and a
| rise in the rates of interest here. The Au-
gust excess Of specie and merchandise
! exports Over imports was not for from
| S42, 0O0, 0C0, ard the September excess viii
/ evidently be larger. unless shipments Of
! gold are considerable. Merchandise ex-
ports from New York in three weeks os
September have been 1873 per cent over
/ last years. and imports 1871 per cent less
and like changes on thew hole trade for
the month would result in net exports Of
I $50, 000,o merchandise. besides silver.
Produce markets have been uncertain,
closing a fraction higher for both wheat
and corn. while the decline in cotton
continues. With IA cents paid for spot
at the end Of August, cotton has drop
ped IL cents, or IS per cent in less than
four weeks. in spite Of a remarkable re-
vival Of manufacture. Fever in some
southern cities has not been largely in
! fuential and the main factor has been a
general impression that estimates are
as misleading as they were when the
yield was the greatest on record. The
corn estimate most credited by the trade
pied with figures tending to show a sur
plus from the last crop Of 400, 600, 900 BUSH
els over ordinary consumption. Were
this quite believed the price would not be
rising, although exports continue heavy,
in other markets 9.927.S49 bushels as
against 6,1aO, 167 bushels last year. Wheat
has gained a fraction for the week. At
lantic exports, -four included, for three
weeks, have been 12,49S1S1 bushels.
against 6.1S3,743 bushels last year. West
ern receipts are exceeding last years,
and foreign estimates now agree in max
ing the probable requirements from this
country over 10o, 900, 600 bushels greater
than last year.
The official ending Of the western coal
strike adds many thousand men TO the
working force in the mines and others
in manufactures using bituminous coal.
TIE anthracite strike mas substantially
ended and no extensive labor disturb
ance is threatened. The output OF coke
is now 1880 tons, and the price is also
advanced. Some branches of the iron and
steel industry are clearly no longer able
70 keep up with their new orders. 9th
ers are very fully employed for some
months ahead. AID with ali the demand
is increasing. Heavy buying has raised
Bessemer pig at Pittsburg to 5000. and
Grey Forge to $3.50. with actual sales of
10000 tons southern pig in the Mahon-
ing valley for So 70 at Birmingham. Bill |
lets are quoted al SIC %, and SO mas been
refused for wire rods. the structural
work is behind orders, tin plate mills are |
hinderc5 by failure 10 get sheet bars de-
livered fast enough, plate and sheet mills |
find heavy demand everywhere, and bars !
are in great demand for cars at the west, |
with vastly improved demand and a |
shade betcerp rices at the east. The av |
erage advance CT iron and steel products |
from The lowest point is Sc per cen.
Wool sales a Boston nave decreased a |
quarter but manufacturers are still una |
Die to flni profits in goods with wool a.
present prices. Reported s1les of wool |
are moro than double those Of the mos. !
years, t,u: the rise in prices /
renders me future more doubtful except |
for manufacturers having heavy supplies
iaii in. The cotton mills are doing a very
large business, though recen, buying of
goods mas naturally decreased after the
recent rush.
Failures for the week have been 209 in
the United States, agains, 3i5 las; year,
y
BRADSTREET'S REVIEW.
New York, Sept. 24.--Bgads;reet's to-
morrow will say:
recent activity in DIRK goods, hats and
There is a check to the onward sweep
Of demand in staple lines, noticeable
the country for the past six
weeks. The yellow fever quarantine,
which extends from Texas 10 Georgia,
has brought wholesale business 10 a prac
zeal standstiH throughout the greater
portion OF the region embraced by the
gulf states. At ceniers Of distribution IN
central, eastern and western states the
-ecen. activity in dry goods. hats and
hardware has fallen of. but at the west
and on the Pacific coast the buying by
Interior merchants and the free distribu-
ion % merchandise continue 10 be fea-
.urss. Demand for heavy textile fabrics
las been stimulated by colder weather,
ma s.. Louis merchants say the yellow
ever scare will have no effec; upon The
rade al tha, city, as southern mar
,han,s had supplied themselves before
he quarantine was enforced. The oJe>
COX for business in parts Of Arkansas.
Texas. Tennessee and Georgia is for a
much duller season than had been ex-
)ecsed.
Favorable features OF the week are
ound in sharp advances in prices for
ron and steel. heavy sales Of Besseme-