The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-29
IRREGULAR N SPOTS
But Still of Exceptional Activ-
ity and Strength
Is TIE TRADE SITUATION
Joint Traffic Decision and the
Stock Markets.
is TIE TRADE SITUATION

New York. Oct. 8-Bradst-eet's tomor-
row will say:
Irregu,arity in prices and trade move
nents has been rather more marked this
week than Tor some time past. but meas
ured by all the usual standards OF bust
ness development. the situation is one of
exceptional activity and even strength
The active foreign demand at aadvanc-
ing prices for American cereaIes and their
products appeared 10 have contaminated
early in the week il a virtual war scare"
market, in which the highest prices reach
ed since early in August were recorded.
The reaction shown. however, has been
small one, test.fying TO nervousness
both at home and abroad, growing out
OF the exceptionally small gains in worlds
supplies. reports of damage TO wheat In
the fields in the northwest and in aMni-
tooa, active milling demand for wheat at
meme, Minneapolis breaking all records
or Hour production for the week and a
continuance of the talk of rather less
than anticipated out-turns of crops
abroad noted for some time past Evil
cences of reaction in prices are not con-
fined to wheat, but extend to lard and
coffee. among food products, Bessemer
pig iron, lead and cotton. while most
other cereals. por kand beef. copper and
print cloths. have remained steady and
unchanged. In distributive trade reports
are of bad weather interfering with reg
ular demand and collections. but OF slim
uiatlng retail trade in heavy winter gods
coming from west and northwest, whence
also come advices of bad roads, Gripping
farmers ability to deliver wheat to mar
ket Against this, however, must be cited
the fact that primary receipts OF wheat
are in eceSs of one year ago and for
the season are fully equal 10 those OF last
year. a great burst of activity in nearly
all lines has followed the freeing the
lower Mississippi valley section from the
numerous guarantees and country buy
ing is reported active, being partially ac-
CELEBRATED by cold weather in that sec
ton. In the Puget Sound and at Column
bia river points the advices are OF very
active trade, heavy grain receipts be-
ing largely absorbed by mills working
on exports and of increasing trade with
our new dependencies. Here at the east
the tons OF business remains rather quiet
The industrial situation has many points
of interest in it. The cotton goods trade
IS closely following the working of the
plans of restriction adopted by the Fall
River print cloth mills. Much is hoped
for from the reduction in output pledged
to occur between now and February /
Mills employing $500 operatives shut down
this week. but the non-inclusion of mills
producing similar goods in other New
England cities and the knowledge OF the
extent TO which those concerned will seek
to extend the foreign outlet for these
goods, are uncertain features in the out
look for continuance of present firm
product 10 market, stimulated probably
to some extent by removals of quaran-
tine restrictions. is now far in advance
800 900 bales at least. official-of last year.
and the expectation of a heavier crop than
last year is a bearish feature, more than
offsetting reports of killing frosts through
out the south.
Prices are Consequently lower and spec
ulatien lags. Sales OF wool are of tncreas-
ed volume, but much Of this, particularly
at Boston, IS reported moved at conces-
sions caused by changing of bank loans
The manufactured products remain slow
OF salte at first handse, but adv.ces OF
good retail buying are most numerous.
as a result OF cold. Indictment weather
particularly west and south. The iron
and steel situation continues without
much change, though shading of prices
of bessemer pig iron and billets testified
to the desire OF producers to maintain
activity in the face of confessedly queter
tone OF business.
In ether industries the report is gener-
ally OF plenty OF work, but at prices
which tend 70 confirm the views OF those
who claim that profit margins have been
permanently reduced. Instances OF this
are found in the reports Of 5000 more
people employed in New York state indus
tries now than one year ago. and in the
reports of implement manufacturers that
business where the per cen; 8 in excess
Of last years profits has not been proper
tiorately increased.
Wheat Gncluding four shipments for
the week aggregate 5,50o991 bushels.
against 5,572.573 bushels last year; SSH.
3eI bushels in the corresponding week OF
1897: 3.Sss coo bushels in 1895: ALSO bush
els in 1Ss5. and 292i.372 bushels in 1894.
Since July !. this year. the exports or
wheat aggregate es.576 200 bushels against
q 50 594 bushels last year.
Corn exports for the week aggregate
. 2i37s bushels. against 2,SsLlN bushels
last week: / 80 1s3 bushels in this week
a year ago. 64a - bushels In 1875. 1870
5sl bushels in 1855, and 1882 bushels in
1874. Since July I this year corn exports
gregate 46 IS. S0l bushels, against =. 9s.
445 bushels during the same period a year
ago. Bsuiness failures for the week num-
Der 2lS. as compared with 2l3 last week;
2ls in tbs week a year ago; 2A in 1856;
% IN 1895. and 153 in IS%4
business failures IN the Dominion OF
Canada this week numbered 2 as against
81 last week. . IN this week year ago.
81 in 1886 4t in 1876 and Is in lssi
COTTON. WOOL AND IRON.
New York. Oct 3.-Dun's Review OF
Z y X
There has been some closing Of cotton