The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-08
FARMERS ADE HOLDING
Wheat for Better Prices, Thus
Retarding Collections.
ALMOST A BOOM IN IRON
Storms and Quarantine Check
Distribution South.
New York, Oct. 7-R. C. Dun & Co. in


to be held for higher prices has helped
to retard the natural declines in that
product, of which one hundred quotations
of Coates Brothers, Of Philadelphia, aver
age 1911 cents, against 2OS3 cents Febru-
/ airy l, while extraordinarily small sales,
only 2614, 300 pounds for the week at the
| three chief markets. against II. 337 900 last
! year; 1863, 500 in 1896 and 7,099, 800 in 1892,
/ indicate very little demand az this time
| for manufacture. The truth Is that de-
| nland for goods is not helped by nigh
prices for wool. The cotton industry shows
better conditions, in spite of the fall of
cotton to the lowest quotation ever known
and there is larger demand for most staple
| goods.
| The iron industry still gains so rapidly
that an unhealthy boom would seem to
be in progress but for the peculiar condi-
tons In spite of the committee Of pro
duce which propose a selling agency at
Pittsburg. sales run a little below their
fixed figures, SO 40 being quoted at Pitts
burg and 1926 for grey forge, while south
ern and local iron are steady at Chicago
and Anthracite is now stronger at Phil
adelpflia~ But the consuming demand is
remarkably heavy and large contracts
this week ocever 5000 tons structural iron
at Chicago, 5000 tons for oBston, 1000 tons
ship plates at Cleveland, a heavy demand
for bars, the Pennsylvania railroad requr-
ing 2, 500 cars and the Nortbw tern z, ZOO.
Wheat has been declining a little with
foreign reports somewhat favorable as to
European crops and yet the actual ship
| ments have been 3,586,947 bushels, -four
! included for the week against 4,46S, 954
bushels for the corresponding week last
year.
All reports still indicate that farmers
are quite generally holding back their
crop in the hope Of higher prices and
collections at the west are almost every
where retarded on that account. And yet
the western receipts amount to 1,I35. 149
bushels. against S,S10,720 for the same
week last year. Nor is the corn crop
any obstruction, for while 2,531, 002 bushels
were exported during the week. against
1855 OCT IasUyear. the movement does not
Indicate large supplies in the interior
But nobody can tell as yet how much
grain Europe will require during the com
ing year.
Failures for the week have been 1876 in
the nited States, against 211 last week
and % in Canada, against 20 last year.
BRADSTREETS
New York Oct. 7-Bradstreet's tomor-
row will say:
With the exception of some parts of
the south, where heavy storms and yellow
fever with resulting guarantees check
distribution, a very large business appears
to be doing, though complaints of mar
row margin Of profit are well night unan-
imous. While the bank clearings of Sep
TENDER point to a slightly smaller business
done the country over than one year ago,
this weeks figures point to fair gain
over last year and therefore over all pre-
vious records Of this week
The volume of distribution. as a whole.
is well UP to or above that reported
year ago in most sections and therefore
far in advance of recent preceding annual
periods. AS for some time past most
activity is perceptible on the west and
northwest and on the Pacific coast. partic-
ularly at Puget Sound and Columbia
River points. It has been a carnival and
fall celebration period at a number of
western cities this week and a resulting
large distribution, both retail and whole
sale, is reported. At leading eastern mar
kets recent favorable reports are fully
maintained, with business in textiles, par
ticularly cotton and wooden goods, least
favorably situated. Signs are not wanting
that the spread Of yellow fever in some
sections of the south with resulting quar-
antines, has sharply checked trade in the
lower Mississippi valley, while heavy
storms on the south Atlantic coast have
operated to arrest distribution and re-
duced the rice crop. The general indus
trial situation is a very favorable one.
Marked activity continues 10 be feature
OF the iron and steel trades but the i'm
mense rate OF production at present. in
the absence Of Immediate new demands.
mas caused a shading Of some few grades
of pig iron and steel billets. Movements
IN an upward direction. however. are re-
ported from the west. The situation as to
prices generally is OF interest. To the ex-
ceptjonal strength of ocean freights is
charged some of the falling off in exports
from southern points. Business failures
are still down to minimum. numbering
is for the week, against 165 lasc week.
81 in this week a year ago. and 23S in
1894
Active demand for the actual wheat
and unprecedentedly smaller stocks 10
start with, have constituted a balance for
generally estimated maximum worlds
yields and exerted considerable influence
in stocks abroad and at nome. IN The
face. therefore, Of gain Of 700 oo) bush
els in America and European stocks last
week prices. influenced by the small net
gain in worlds stock III SepJember-I5.-
$4,000 bushels-have ruled frmer and
higher. B-'sdstreet's monthly report or
wheat stocks shows = total on October
in this country and Canada OF g 3s.ooo
bushels, a gain o. 1o.Ig5.ooo bushels for
the month against = 6.0 bushels year
ago. while European stocks on a ike
date are gwen q 4221 o5o bushels. a
gain 81 only $4,000 bushels, against IA
2o0.000 bushels in September a year aso.
\ combined gain Is here indicated q only
Is. 5l9. os) bushels, sEainsc -. Oh. 10 last
year and 1900 90 20 p % CO.. gain fl 1875
and 1856. Stocks n th.s country and
Canada east OF the Rockies OF Cct15er
l are the smallest reported a. t1st cate
since 1886
Prices o. leading staples as reported 80
Bra6s-rset's while showing rather more
MAKE PERFECT MEN
80 no NOT DESPAIR, y -. s.