Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-10-21
MARKETS on THU WEEK
LATEST REPORTS FROM TRADE
CENTERS.
Outlook for Grain as Given by Com.
petent Observers Effects Of Cur.
rent Events on Business.

CHICAGO, Oct. 2l.-The market out
look as furnished by McLain Bros.
& Co., commission merchants, Rialto
building, this city, for the week end
ing today is as follows:
Unreasonable weather at the west
and northwest, and the continuance OF
the yellow fever at the south with un-
abated virulence, has curtailed general
business throughout these sections of
the country and noticeably decreased
the volume of bank clearings. The in
tux OF foreign gold, and material de-
cline in the value of stocks have En-
abled the New York banks to increase
their reserves without greatly decreas-
ing the volume of their loans.
The continued efforts of England to
prevent its cold FROM seeking Ameri-
cas- shores still tends to keep its pur-
chases Of our products at minimum
quantities. and in order to render the
movement Of the yellow metal as I'M
profitable as possible the Bank of Eng
lana mas raised lts discount rate. Inls
expedIelIl' WINE II is NOT a preventive
acts as n reiarding influence and may
for a time prevent more liberal pur-
~chases of our graln lilere are 'ndlca-
IONS. however, 'la' t'e Ollled Mig
dom VIII soon btg''l III earnest despl'e
All ellor's 10 cItck Il. Co,llillental
Europe. wlllcll hongll liDerally carrier
III tIlr season' ! again IN Tue Market
ana ahlloNgh ~ y helter prepared 70
dplN purchases llIall Is the uhlted
hlngdoln: ev'drn'iv believes tnal noun
ing Is 10 OF gained by procIastlhat,Oh.
IL IS explained 'ha' the rather Tree
marketing OF homegrown wheat IN
France Is "lie 70 tle rear OF Il removal
OF import uit,es ny tliat country pe-
CAUSE OF us known crop deficiency
Late adVlces IRON h!'ssla rotillrn pre-
vlousrlalns OF alarming crop shortages.
ana the statement ll'ai ne government
coflteil'l lales tNe prohlbltloh OF wheat
exports Is reiterated.
The most important recent lnlornla-
ton impaired ny our department. OF
agriculture Is an estimate ~ the Hun
garlan Minister OF Agriculture OF the
requirements OF the importing colIn-
tries OF the world ami the expotable
SURPRISES OF the exporting countries
from the last crop. with comparisons OF
the requirements and supplies OF the
previous year The report shows that
for the crop year ending lS9b The i'm
porting countries required $4,000
bu more than the exporting countries
could furnish. and that for The present
year they VIII require 202 S93O 900 bu
more than this years crops can furnish.
Inc significance OF these figures lies IN
the fact That IN order to supply the de-
flclency OF las! year II was ile' tSsary to
consume nearly Ill the accumulated re-
serves, which at the heTllillng OF that
year were large. ana MAJ the world IS
now racing m'',h larger dtllc enry'
with reserves at the beginning OF THIS
S oa, a, 'e s,, l,,,.ii s t'ta. ue
s,aa o fors S"V h,' W a''oI, ~, .,ie
snd s,r"asts ,hs i" th u o"o ," 81 I pn
ana suggests 'hal IN ihr event OF Rlls-
S ~itb ft"a s,,nias ,h "t',ea E'ope
S M,. ."i ~, o"ppus i',"v m' .' Ia'
tho Sao. ',T o"n '''n' o''o'0 '"e e''' VI
wy Sr re"' oond;tions Of homo .,o ,lso -
Ujp .ttam,i", az vv "oo "'So au