The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-23
Recent Turn in Grain Affairs
Explains All.
WHEAT THREE CENTS OFF
Failures Down to Norma
Summer Proportions.

/ ness But reaction after phenomenal
movement of grain causes relative re-
suits which many mistake for decrease
IN the volume of trade So much grain
has been required and shipped during the
past twelve months that decrease was
inevitable, and the granger and Pacihe
roads show loss IN earnings. even COM
pared with 1892.
After the surrender at Santiago barely
week Of rest has preceded the sailing OF
the Porto Rico forces, but meanwhile the
presidents proclamation opening Santi-
| ago 10 trade on terms singuarly favora-
bic to the inhabitants there and the rush
to build UP business in eastern Cuba are
| occupying the thoughts Of many enter
/ pI1sing firms. Reduction Of one-haif in
! the taxes heretofore pand with homes,
/ instead of Spanish administration brings
/ home to Cuban residents the meaning OF
! the change, and they also learn TO use
money OF which paper dollar is as good
as gold, which for them is long step
| forward.
In the stagnant midsummer season with
business larger than ever before, the
| great manufacturers nearly all share the
gain. Once before, in 1895. with an extra
ordinarily small movement prior TO July.
the shipments of boots and shoes was
larger than this year, but in no other year
have shipments in three weeks of July
been as large. Print cloth works at Fail
- u
production, half the spindles Of that city
for month. but in other branches of the
cotton goods trade no such heroic mea s.
ures appear necessary. There is an in
creased demand for wooden goods, al
though in some lines slow and disa appoint
ing, but the number of establishments
at work increases though the mills are
not yet assured of sa satisfactory prices
Only 5,253, 200 pounds of wool was sold las,
week, and in three weeks only 12S79. 800
pounds at the three chief markets, Of
which S,S29. 100 pounds were domestic. as
against 54,124,7OO pounds last year and
% 37,55O pounds in the same weeks of
1892; 1S509,000 pounds being domestic
The iron manufacture seems to be at
the verge of another revolution, since
Ressemer pig is held, by curtailment of
production in the Shenango and Mahoning
valleys, at $1O.25 at Pittsburg, and yet
some steel works have made enormous
sales of biilets, 100000 tons to the great
wire association, at prices unknown; 90 =
900 tons to various parties at Chicago, at
$15.S5, and 10000 tons at Pittsburg. at
sl4.75. The demand for structural forms
keeps all the works busy and include les
for the week 1880 tons al Chicago in
three contracts and $3.50 tons in Pittsburg
in four others. While the plate mills
are everywhere crowded sheets and ba rs
are both in better demand than hereto
fore, and the prolonged weakness in cast
pipe, which usually requires nearly 100000
tons of pigs in year, may presently be
cured.
Heavy sales Of lake copper have fixed the
price at II cents, and the output for the
last half-year has been 120,475 tons Ameri-
can against 40 $50 tons foreign, although
three years ago the foreign output consid-
erably exceeded the American Tin at
Il. 50 cents and lead at 1921 cents are
both a shade weaker
With abatement of foreign needs and
prospects of excellent crops in many for
eign countries, wheat has declined dur
ing the present week cents in price. not
wtthstanding the exports from Atlantic
ports amounting to 1,937,O92 bushels. as
against 1,516,s 97 bushels last year. flour
included. anC from Pacific ports 5.575. SO
bushels. against s22O bushels last year.
Total exports for the three weeks. have
been 7,399259 bushels. -four Included as
against 5.l94. fSS bushels last year.
Corn sdu goes abroad in astonishing
quantity, all the circumstances consid-
cred. exports having been in three weeks
5,0UL87 bushels. against 6.s35 395 bushels
last year. The price has not changed IN
spite of the decline in wheat The clos
ing Of some New England mills has
doubtless affected the price Of cotton 10
some extent and yet the crop repoyts are
sufficiently favora bic to depress prices an
eighth during the week without other in
fuences. The collapse of a strong pool
10 advance prices and control the mar
ket IS also reported.
Failures for the week have been 2o7 IN
the United States against 227 last wear.
and Il IN Canada against . las year.
BRADSTREETs
New York. July 22-Bradstreet's tomor-
row Will say:
Midsummer conduon stil3 govern most
lines OF trade and manufacture. but the
volume OF business. as Indicated by bank
clearings, shows little decrease. and IS
evidently considerably in advance Of pre-
v.ous years at this time. A feature OF the
trade this week : the better demand re-
ported for wool east and west. largely
confined il Is true. to a few grades Of
wool. This appearance OF activity has
given a decidedly more hopeful tone 10
this business. which. however. IS not vet
reflected IN The manufacturing branch
Eastern WOOL markets are relatively the
lowest, and stocks held nov. IL Is Gained.
cannot be replaced al lower prices here
or abroad. Indications that important. de-
ye}oPnents may shortly De witnessed in
the iroa trade accumulate TBS = partly
the result % expected good orders from
railroads for rails, q a larger export bus
iuess. and o. q good volume OF small or
ders for various classes % Steel TIE
statistical position Of pig iron has beez
siren gVhened BY the cGrta3l-aeut q PFC
duclioa ard the reducing Of stocks. To-
owing g production Q: al average Of
nearly len. 30 tons a month sI7ce jan
uary !. but some shading, especially o.
southern iron prices. Im2sEts Al ar q u
regularity % The trade. E@ec-s q tae re-
ported advance IL priceS b ths BesseEEe-
iroa combination have not yet been E%s-
sured and The result q MS announce
17ezr : awaited Win interest
Dizziness kas5ee I q fsa eure g: The cereal
markets Cd Eaeat supslas sc rapidly