The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-11
DUNN REVIEWS TRADE
Speculation Is Cautious But
Trade Is Good.
OUR STRENGTH EVIDENCED
By Reason of Subscription TO
the British Loan.
OUR STRENGTH EVIDENCED

New York. Aug. 1o-R. G. Dun & Co.'S
weekly review of trade tomorrow will
say: Progress has been made toward a
more stable position of business with
few more heavy contracts TO hold The
ground already gained; but for proper
irtel probation OF the weeks results ore
rpust look beyond Wall street operations
where more than In any quarter the va
cation season is leaving It's impress Of
inactivity. Speculation Is cautious. but
inN estInent holdings are more to be IN
creased than diminished and operators
cannot see that their hesitation on he
ground Of politics is echoed any more N
general business circles than two months
ago. Small change appears in raidroad
stocks, ten industrials are 81 higher and
traction issues a shade lower. Wo king
forces are smaller and will soon be fully
reduced, probably for three weeks, -
the closing down OF cotton mills Ia New
England, which has been delayed longer
than expected; but our strength Is EVIL
denced to the world by the over sub
seriptien here OF the new British loan OF
e6,31o,0O0 on "a per cent basis, Of which
over half is allotted to American appli-
cants.
London sales Of 1000 shares Of stocks
and some bonds, and American purchases
of the new foreign loan, explain Why
GOLD goes out in the face Of foreign COM
rnerce returns which show for New YORK
alone Cor the week an excess Of exp Is
over imports of more than 100000 TX
rorts for the week of So, 1877 were
none than double those OF the same
period Of 1889 and for the year the gain
is over SIS, 900 600. while imports gain only
$50 100000. The money market Is untrou-
bled by financing Of the foreign loan.
though the volume OF new commercial
loans is we'll sustained.
Cotton fell so sharply that some recov-
erv occurred in an oversold speculative
market. and spot sold at 10 cents when
the official report appeared, notwith-
standing many indications Of further re-
duction in consumption. Wheat advanced
about a cent helped by poor foreign
crop reports The domestic outlook Is
fairly cheerful. and farmers have mar
keted freely Receipts at interior cities
aeeregating 6,2S7 5s1 bushels against 1873
216 last year, and 2 44s,H7 bushels in ls9S
Exports from Atlantic ports were only
]. 72o esS bushels wheat, -four included,
against 2503,s44 bushels last year. al
though purchases of foreign account were
large and promise an increased move
ment hereafter. Corn gains nearly
cents with the aid OF dry weather reports
and is cents above the price at this
time last year. Both receipts and ex-
ports for the week fell more than mill
ion bushels below the same week in 1899.
Improvement is noted In boots and
shoes, with only a small percentage OF
eastern shops at work. The textile mar
kets have been free from such futures
as marked recent divisions Of prices, but
business is of fair volume. Loss Of the
Chinese market has put coarse brown
cottons IN a bad position. other grades
being less seriously affected. In wooden
goods recorders are not up to expecta-
tons, and some serges sell lower. Manu-
facturers show more interest IN the wool
market. taking fair quantities and seek
ing fewer concessions. The market is
firmer. though prices are unchanged.
Failures for the week were 1T in the
United States. against 1856 last year. and
q in Canada, against % last year.
THE MISSOURI PACIFIC RAILWAY
operates a strictly Wichita Kansas CITY
sleeping car leaving Wica.-a every night
at 1000 o'clock and arriving at Kansas
CITY at 1920 a. m. This car can be occu-
pied by Wichita people as early as
o'clock in the evening. as the car is set
in front Of the depot and Is open at that
time.
This train also has an elegant free re-
Ching chair car. lighted by Pintsch gas,
through to Kansas City without change
For tickets and sleeping car space call
at city ticket office. ia North Main street.
wichita. Kan