The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-25
CURRENTS THAT GROSS
But the Net Drift Is in the
Right Direction.
CORNER TURNED IN IRON
Yves tern Corn Fields Report
Encouragingly.
20 RNER TURNED IN IRON

{ favorable influences conspire to brin;
well with the weather conditi and tn
particular season OF the year. If clearing
, returns are to be regarded, the tide o.
trade was about at its ebb last week
( but it is well known that clearings rarely
except in times of speculative excitement
reflect present conditions. In the iror
trade the corner has apparently beer
turned for the better, and there is per-
ceptible Improvement in the jobbing de-
mand at leading western markets. Prices
too, are steady, what further decreases
are noted being largely due to improved
crop conditions, particularly Of corn and
cotton. Despite the reports which have
pictured the corn crops as heavily sho2-
eued by hot winds, the reports to Brad
lsn-eets from Nebraska, Kansas City and
ST Louis are as a whole encmra ging.
The lowered price of cotton is largely due
to the arrival Of needed rains in the
South Atlantic states In the list of I'M
favorable features holiday quiet in many
lines is noticeable at the large eastern
!
dry goods, jobbing is reported at several
points.
In the textile trades. quiet in cotton is
still notable and the spring season for
mems wear woolens drags perceptibly.
Raw wool is quiet and the manufactur-
ers are buying only to fill orders actually
booked Raw cotton is at a deadlock,
crop uncertainties and extremely small
supplies being balanced by the less fav-
orabe outlook for the manufactured
goods. Reports are common of a falling
off in traffic on leading eastern roads, but
certainly nothing Of this reflected in the
gross earnings of the leading railroads
for the second week of August. All in al,
the trade situation may ba said to lack
snap, but there is little appearance of
weakness and hopefulnesS as to the fall
trade outlook is expressed, in spite of its
being year of elections.
Wester ntrade advices are relatively
most optimistic, Chicago reporting a big
week in dry goods and liberal business in
clothing. hats and shoes, though buyers
selections are made with care. More is
doing in shoe leather, and hides are firm.
St Louis reports that the Missouri corn
crop will be an average one and that of
Illinois very large
Wheat, including -four shipments for
the week aggregate 2.295,1GS bushels
against S1l3.Gn bushels last week. and
3.S43. S25 in the corresponding week of 1899:
8. 5G3. 47s in 1898; 5,146,6J3 in 1897 and 32S1,-
S54 in 1886. From July to date this season
wheat exports are 23,e9 ,A4S bushels;
against %. SOS, 1914 last season, and %, 49,
037 bushels, against S.O17,O9S last week,
4.596,o0O in this week a year ago; 1854 933
in 1895; 1852, 452 in 1897, and 26l0,3 300 in 1896
From July l to date this season corn ex-
ports are 2S,374.4 S9 bushels against 37,122,-
476 last season, and 22S77,2 9S in 1893 9s.
Business failures in the United States
as reported to Bradstreet's aggregate 155
for the week, as against 16S last week, 154
in this week year ago, 172 in 1898; 20
in 1897, and were about half what they
were in this week four years ago. Cana
dian failures for the week number %, as
against "a last week. % in this week a
year ago, 81 in 1898. 80 IN 1897 and 81 in
1896.
DUNS REVIEW OF TRADE.
New York, Aug. Par. G. Dunn &
Co.'S weekly review of trade will say:
The sky is not cloudless, but there has
been no backward movement of business
this week. The chief drawback of the
week has been the intense heat IN some
sections of the west, which was more
effective in retarding business than tie
lower temperature east was in st.mulat-
ing it. Crop advices continue as cheer
full as at any time lately, and the labor
situation shows no important changes in
working forces Prices are steady, but
there is talk of a decline, perhaps to SO
per ton in steel rairls shortly to a base
at which it is believed the railroads will
be willing TO place orders for the ensuing
years supplies.
More good news comes from the great
iron centers. where bridge and boat build
ers and makers of agricultural nipple
ments stoves and cast iron pipe are all
eager to secure raw or partially finished
material. Prices are sustained and in a
few cases move upward Iron generally
is more solid and better balanced mar
ket than for two months past Reduc-
ton in output Of pig is having the desir-
cd effect at most northern points though
at the south stocks are still heavy and
complaint IS heard Of prohibitive freight
rates TO the seaboard. Large export
business is waiting, and foreign buying
Of finished material continues large Pro-
duction Of coke has been decreased to
l4S. $50 tons weekly in the ConnellsvilIe
region. Another sharp decline has taken
the price OF tin to 20 Is cents, but cop
per IS firm.
Wheat declined stu further on satur-
day, touching the lowest price since early
in June and making the fall Is SIS cents
from the top point II the season. about
two months ago. Vigorous marketing by
farmers show their willingness 70 sell al
current prices, receipts at primary mar
kets during three weeks amounting 70
l2.999.a0l bushels. against less. 81 last
year. Daily figures OF exports continue
light, although there IS much talk q
purchases for ( reign account. Prices re-
covered from the lowest point. traders on
the short si5s raking profits freely
corn IS steady but drop last year
makes the Pre- eot price only cents
above tass " 1899
sales - Wool at the three chief east
r-a markets have increased 70 see 80
pounds, aE4lnS5 AL so - the week pre-
vious TeV--sa-y WOOL was active in B-s-
-on aHd territory grades are all hrm.y
he'd thocsh c-.ceS are aoa-inaly IN
casnged. There IS 10 pressure 4 esIl. /
re dealers shipping east with definite
irs,rilct ous % no 6 untl after eIection.
F1cfo-ics are st.1 working only part
time f. the eastern boot and shoe diS-
'rcts end E; IS evl ent that earlier esti-
mates y Accumulated stocks were much