The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-18

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Possibilities of Ee.c,iou Are Notifies
That Not Even Dealers Are Re-stockeG
Yet, Lot Alone the People ut Large =
Bradstrest's Trade Review.
NEW York. Sept. i7-R. G. Dun &
Co.'S weekly review OF trade will say in
its issue tomorrow:
The end OF the bituminous coal strike
and the return OF many thousand men
| 10 work al advanced wages, adds to the
| purchasing power OF the people. and the
F, anthracite strike affects not fifth as
many workers The starting up Of many
! mines and works, enormous exports OF
wheat AMI corn, the favorable news as
TO those crops and cotton, the fall in
serling exchange, and the report show
ing that gold imports, begun in August,
exceeded exports by s2.3s0,5S7, while
merchandise exports exceeded imports
by o,95S, 7S3. have all contributed 10
forward the Improvement in business.
The replenishment oe stocks cannot be
half finished. though some who could see
no sign OF improvement a few weeks
ago are now finding it SO vast and rap
i'd that they fear reaction. But consum-
ers as we'll as dealers have also 10 sup
ply themselves after years OF enforced
economy. and while their power to pur-
chase is increasing every day, and their
actual buying at retail, reasons for ap-
prehension are not apparent. When the
tide changes after four years OF depres-
sion, II does not fall again after four
weeks. The wheat market has declined
over cents on account OF crop reports
which promises larger prosperity, and
corn and cotton are both a little lower
Cor like reasons. Yet estimates of the
highest financial authorities regarding
requirements from this country are not
smaller. but larger than before. while
prospects in Argentina, Australia and
India hold out no promise OF large Eu-
ropean supplies. or of any until winter
is about over.
Atlantic exports OF wheat. -four in
Guided as wheat. are more than double
last years each week. and in two weeks
$3.50. 313 bushels, against 4107,721 bushels
against 3,sS7,s26 bushels last year. From
the Pacific coast wheat is also moving
largely. twenty-five argoes from Sen
Francisco this month, and over 54s, 9S5
bushels in seven days from Portland.
Corn declined over cents with the grow
ing belief that the yield will surpass es-
Inmates. Cotton was depressed from
Z 1-2 to cents, With favorable news OF
yield. although the mills are not con-
Stunning with great rapidly.
The stock market had another OF its
reactions on Monday. but on Tuesday
was higher than ever. The reactions
thus far have been significant. After
the average OF sixty active stocks had
risen 81 per share. II fell sc cents in two
days OF reaction in June. and then rose
again. After rising s. more. II fell 10
cents, August 8. then rose another dol
lar, and had a serious reaction OF 60
cents on the twelfth, but was higher
than ever within a week. August "A and /
% it fell % cents, but il then rose So /
more. September Is. its reaction aver :
aged % cents. and it has since advanced /
s1.07
4
creasing demand. and an average OF .
prices nearly per cent higher. due 10 4
purchasing by consumers. Buying Of .
loo, 900 tons OF Bessemer pig at Pitts
burg has advanced the price 70 $40, 4
Grey forbe is hard TO find there at 1915.
and billets sell at $3.50 with the output
increased 10 122,43i tons weekly. Con-
nellsville coke advances 20 81 40 Tor fur
mace.
Textile mills are more fully employed
Than at any other times for years.
though new buying has diminished in
mount. and though, while the number
u orders received IS still large. the
amount Is smaller. The demand is still
7ery good. for the season. and prices are
irm throughout, with some further adj
7ances. Actual buying OF wool by mills
5 increasing at all markets. with the
belief that foreign supplies are short.
Failures for the week have been 2O4
n the United States. against 81 last
,ear. and 40 in Canada. against 81 last
rear.
TRADE REVIEW.
New York. Sept 1I.Eradstreet's tomOr-
ow will say:
Notwithstanding unreasonably warm
weather. ana the appearance % yellow
ever in several gulf states. checking 10
ally the distribution OF merchandise. I
BUSINESS throughout the country has IN
reased more than anticipated. The
enter OF improvement is Chicago. which
FINISHED the most favorable trade re-
ort within five years Advices from
-ansas City. Omaha. 81. Paul and St. |
,ouis, also reflect activity in demand I
mong jobbers and wholesalers. There
a temporary Stimulus 70 business az
avannah, owing ID the withdrawal OF
ompetition from merchants a. oxns cut
r by the fever quarantine. Chatta- !
ooga. Memphis. Atlanta, Augusta. Cal {
eston and even s. Louis anticipate A
empo-a-y falling of IN business owing
, the interruption 70 traffic in the gu. {
atss ana adjoining territory :
The principal settlement OF the btu 6
inous coal strike. further rising tide (
demand for iron and steel products. q
le withdrawal rom the market ot some q
aautactures Q: woolsns. extraordinarily g
rye bank clearings, and reports that .
ercantIle collections have improved. c
institute the features o, The week =
Wheat exports are very large. and Z
"a one exception. that % the second ?
eek ot September. 1881. are TIE hesY- z
II o. reoo-d. The total shipments tbs b
sex -four Included as wheat. aggregate z
'7ss4s bushels. against s isI -5ss bush +
] Jas; week. 2.5ss. Is bushels as: year. 2;
- 9s5 bushels 81 tae corresponding !
eek in 1885. 3.S37.@S3 bushels n Iss4.
1922 bushels IL Isss. and ss74Oco
she's. the heaviss; on record II ;ae p