The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-26
| No Gall IO WORRY
War or No War, Business is
Holding Its Own.
VARIATIONS, OF COURSE
But No More Marked Than
Might Occur Normally.

New York, March 25.-R. G. Dun & Co.'S
| Weekly Review Of Trade will say in to-
morrow's issue:
A waiting state of things always him
ders business to some extent. With more
than s34, 600 900 gold received or on its way
since this movement began, with ample
banw clearings and treasury reserves and
| a redemption of notes in all ways nearly
the third smaller than in February, TO
date, with no stringency in the money
market and sterling exchange weak, with
the volume of business at clearing houses
| outside New York larger than in 1892 by
SO per cent, this month, and with failures
nearly 80 per cent smaller than last
year, and 81 per cent smaller than in the
same month of 1892, there is not much
visible ground for panic, even of earnest
efforts should fail to keep peace with
| honor. Warlke reports come every day,
and stock operators make the most Of
them, and yet the average of prices of
railroad stocks is $53.0S against $500 two
weeks ago today. Nor have industrial
operations been perceptibly affected ex-
cept where extraordinary buying for some
weeks past has made necessary a pause
for breath, so to speak, or where unnatur-
al prices had caused a halt before the
destruction of the Maine. Some decrease
in new engagements would be expected
with war apparently near, but as yet
scarcely any indication of decrease for
that reason is seen. 1t is difficult to take
dismal views when the nation is surpass-
ing all records in marketing products. At
lantic exports of wheat for the week have
been 2160,S26 bushels. against 1,272,2S6
bushels last year, and in four weeks $780,
5l4 bushels, flour included, against 5,103,4 25
bushels lastyear, with Pacific exports
1, 232, 032 bushels, against S99, 242 last year.
The price has declined 27s cents. but heavy
shipments and contracts for exports are
having a constant influence.
Corn has declined only a small fraction,
with exports not a sixth lower than
year ago TO date.
Cotton has fallen sixteenth. in spite
of large exports, because sales Of fertil-
izers and other evidences indicate that
curtailment of acreage this year will be
less than was expected. Domestic exports
from New York in two weeks have been
81, 10S 900, or BIS per cent larger than last
year, while imports have been scarcely
larger, foreshadowing exports again ex
ceeding 800, 600 for the month and S24,
900, 900 over imports. In such conditions no
stringency in money is needed to bring
money hither.
Sales of wool have been only II, al, 800
pounds in three weeks at the three chief
A lag
year, and quotations are yielding, with
sales of old wool Z to 1c below current
quotations for clothing. and no indications
that manufacturers are nearing the end
of their stocks Cancellations are num-
erous but, in proportion to orders, smaller
than for five years past. and find natural
explanation in an advance of prices great
er in some lines than distribution seems
10 warrant. Yet the mills are nearly all
full of orders for some months to come,
and rather more demand for goods is seen
since colder weather appeared. Cotton
mills a { Fall River still increase their ac
cumulated stocks, about 100000 pieces,
and print cloths have declined to 200
cents, the lowest quotation on record.
Some print cloths have also weakened,
but ginghams are firm and the better
grades of dress goods are sold well ahead.
The iron and steel industry is more fully
employed than ever before in its history
and although production of Bessemer pig
is beyond all precedent. the price adcances
and bilIets are still bought in the open
market by some of the largest producers
Other pig is steady in price, and no decline
appears in finished products, excepting
steel plates al the east. but for these the
demand at Chicago is enormous, as for
cars and agricultural implement mater
iaIs, pending orders for cars covering 800
to 1000 each. The structural demand dur
ing the first quarter was 50 per cent larger
than in the same quarter in any previous
wear and it is said the demand for pipe
is swelled by pending contracts for 10
miles. Minor metals are comparatively
quiet: tin at S149O; lake copper at L cents;
lead firm at 81 cents, and nickel in heavy
demand at "a cents.
Failures for the week have been 251 in
the United States, against 291 last year
and q in Canada against 50 last year
BRADsTREETs
New York. March 25.-Bradstreet's to-
morrow will say:
The favorable features Of the week in
7fstributive trade have been the reports
coming. with few exceptions, from all
parts OF the west. and marred only by
the check TO business and shipments
caused by heavy rains and high water
in the Ohio valley. The unsettled condi-
ton OF our relations with Spain is cred
tied with exercising some effec, upon i'm
mediate demands and upon future under
takings in the eastern portion Of me coun-
try. But the two Industries. cotton and
wooden. most complaining. are those in
which conditions other than foreign COM
nlications have for some time past been
working toward depression. The coarse
cotton goods situation does not improve in
-. H. nrd declines IN nrtnt cloths y