The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-09

| Exchanges Show the State of Anairs-
Production Goes Right On, Preparing
| for the Perhaps Slighter But Always
Steady Demand to FoIiow-Advancs IL
New York, Oct. s.-R. G. Dun G. Co.'S
weekly review Of trade will say in its
issue tomorrow:
While the failures were the smallest
ever known in any quarter since 1892
and business payments through banks
the largest by s26S 0o0, 600 ever known in
September, the spectators who profess
anxiety about Cuba, or fever at the
south. or municipal election. still have
some influence. Helping them just now
is the fact that after extraordinary pur-
chases for replenishment OF stocks from
any section or town there must neces-
sarily De for time less buying from
that quarter. Yet business is still in
creasing. The productive force steadily
enllrges, the distribution of wages az
fords an increasing fund for purchases,
and the foun5a tons are laid for a larg-
er business hereafter. The weeks ex-
cvhanges are SIS per cent larger than in
1892
Crop reporters who have widely DIFF
fered now agree III putting the yield OF
wheat about $50. 1000, 900 to $50, 900, 900
bushels. which is nearly 200, 900, 900 bush
els more than will be required for home
kaaninc go T,,fx I
the lowest for seven years AS foreign
reports indicate a larger demand, and
exports since July 1 have been nearly
as heavy as in the best past years. with
2.935,7S bushels from Atlantic ports,
flour Included, for the last week, against
2,24o,570 bushels last year, the recovery
of 112 cents in the price for the week Is
not without reason. Western receipts
continue to exceed last years, S,001, Poi
bushels, against 7,243, 969 bushels for the
week
With less favorable reports Of yield,
corn exports fall short slightly, with
small difference in price.
Cotton is unchanged in price, with lar
ger consuming demand, though big
crop estimates do not appear to be dis
puted.
A large increase in the production Of
pig iron and heavy realizing sales Of
lots held on speculation have caused a
decline of Is cents 70 $1,000 for Bessemer
at Pttsburg. though Grey Forge there
has advanced % cents, and pig iron is
stronger at Chicago ana eastern mar
kets.
But finished products grow stronger
with a demand outrunning the capacity
Of works in operation in many branches,
so that delays in delivery insheets and
tin plates are embarrassing, and in some
other branches orders cannot be filled
within one or two months. Building Of
more vessels on the lakes and sea coast,
heavy orders for sheets, bars, rods AMI
pipe, have caused advances averaging
half or one per cent for the week on all
classes, but the general gain is yet not
quite ten per cent from the lowest
point. Reports of combna ton in steel
rails are denied, and 1t is said that only
three large producers will agree on
prices. while the rod and wire compact
appears to be still in the future.
Wool mas now reached an average OF
20.37 cents per pound for 100 quotations
Of domestic by Coates Brothers of Phil
adelphia, showing rise of cents since
a year ago, with much heavier rise on
some qualities. but following an aver
age decline of II cents from March, 1895.
Speculative sales still account for most
Of the aggregate, which has been at the
chief ceuters IA, 33i coo pounds for the
week, of which $685., $50 pounds was do
nestle. but manufa cturers are purchas-
ing some wool for mixture with the
cheaper wool held for some months
past. The rise has so greatly exceeded
the advance in prices OF WOODEN goods
hat the mills might have to pause but
'or the very large stock purchased in
advance. Goods are strong. with a fur
-ner advance in some grades. but in the
aggregate thus far not 20 per cent from |
he lowest point, against 60 per cent ad- |
rance in the average price OF wool.
Dealings in cotton goods are delayed |
~ weakness in raw cotton. but neither !
print cloths nor other goods have de- |
lined since last week, and although the |
Mills are not quite fully employed, a |
continued increase in consumption is |
With reason expected.
Failures for the week were 212 in the |
United States, against 296 last year, and |
g in Canada, against 46 last year.
BRADSTREET'S REVIEW.
New York. Oct. s.-Bradstreet's to-
morrow, October 9, VIII say:
Distribution OF general merchandise in |
ne central west and northwest is further
heckei owing 20 the prolonged drought
n Kentucky, Illinois, Kansas, and por-
ions of Missouri, Nebraska, Iowa. Min
lesota and the Dakotas. Telegraphic
dvices to Bradstreet's report serious
amsge in Kansas and parts OF Ne
,raska and Iowa where early planted
wheat is up but that planted later Is no:
kelly 10 sprout. Fail blowing IS now
IMPOSSIBLE, six weeks without rain have |
riei up pastures and compelled far
ners 20 feed stock.
Manufacturing industries throughout
he west. particularly iron and steel.
ontinue active and there is an increas-
1g tendency on the part Of the interior
Merchants 10 remit promptly. While
ne Volume Of trade has decreased al
'hlcago, i is ahead Of the like record in
acent years. There IS a moderate I'M
rovement in business in the south,
.labama having raised the quarantine
ganst Georgia cities. and central ana
orthern Texas points havinf resumed
commercial relations with Galveston.
lanters continue 10 hold cotton. which
elays collections.
Higher prices this week are reported
y cotton, which mas been declining for
ome time: coal and clothing in sympt-
~ with wool: Tor naval stores, under
eavy purchases by large traders, AMI
n wheat. wheat -four snd eggs. Print
10 I