The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-23
WAR IS NOT HURTING
Trade Nearly so Much as Had
Been Feared.
COAST is AFFECTED SOME
Much Solid Improvement is
Noted on the Other Hand

say.
The war is no longer to be averted and
business is somewhat contracted, because
of apprehension. There is no excuse ex-
cept want of nerve for decline in railway
stocks, when earnings have been 14.3 per
cent larger than last year for the first
half of April, and as per cent larger than
1892, with railway tonnage eastbound from
Chicago about 10 per cent larger than in
1892. Neither are clearing house trans
actions gloomy. The weeks payments
were 1876 per cent larger than last year,
and So per cent larger than in 1882.
In no aspect can the wheat market be
considered without finding just occasion
for a material advance in prices. which
has been 7.25 cents for the week The ex-
ports from Atlantic coast ports have been
5,1O4309 bushels, flour included, against
1,190,392 bushels last year, and from Pa
cific coast ports, 1885, $50 bushels against
1920 bushels last year, making for the
three weeks Of April S3S9.942 bushels from
Atlantic ports. against 3.5SS,17O bushels
last year. and from Pacific ports 2,529, 62S
bushels against 1881 bushels for the
same weeks last year. The exports of
been 11,34O,1SS bushels against 1927, 16l
bushels last year. which is strong evil
dence that the demand for wheat is in
no sense fictit1oJA. With 1000 tons Bes-
eemer iron sold at Pittsburg for $1O4O and
with dealings in Grey Forge unchanged,
and sales of 10000 tons to car wheel MAX
ers alone at Chicago, and 10000 tons at
eastern works of Pennsylvania, with some
al the south for pipe manufacturers, the
enormous production does not diminish,
md the demand for finished products in
cludes contracts for 5000 tons for the
building of two merchant ships, with
many other contracts in sight to replace
vessels bought by the government, for
two new piers a Key West, 3. 200 tons; for
the Chicago postoffice, 5000 tons; for the
Harrisburg capitol, $500 tons; for car
building, including one of 5000 tons at
Pittsburg; one for a government building
at Portland, Ore, LOGO tons: for track ele-
walton at Chicago 2,7O0 tons; for plates at |
Chicago. including one for 1000 tons; for
10000 tons rails at the Maryland Steel |
company; 10000 tons TO be shipped to ST. |
IBERIA, and 10000 tons to the Orient and |
for 1000 tons to a Pittsburg concern for |
Quito, with many structural and imple- |
ment contracts of minor Importance No |
decrease in prices appears, and the pro-
auction continues practically unchanged |
at the highest point ever known, al
though in eastern markets the output is
considered somewhat in excess of supply.
Copper is stronger, with heavy demand |
tor consumption. In woolens the heavy
cancellations recently reported prove to be
IN large measure requests for DELAYED de-
Hveries, but a better demand has been
Seen during the past week in some lines,
On account of large government orders.
In cotton goods the resumption of work
by several large mills has increased the
output and the demand does not appear to
have diminished Though print cloths are
az the lowest point ever known, sales are
Of considerable volume and there is at
least enough demand for other goods to
prevent any agreement as to a decrease
OF working capacity.
Failures for the week have been 2O4 in
the United States against 21S last year.
and % in Canada, against q last year.
BRADsTREETS
New York. April 22.-Bradstreet's to-
morrow will say:
General trade and speculation this week
have exhibited most of the characteristics
which have become popularity associated {
with the near approach Of hostilities. J
While there is reported a further qufetfng
OF distributive trade in some lines at the s
east and south. traceable almost directly J
to anticipated waTlike conditions. there is :
a lack of regularity, even in the reports {
from those centers, which serve to show :
that, now that the uncertainty so long I
prevailing has been dispelled, trade condi- ]
tons are being shaped to the new order J
of things. There is consequently increas- 7
ed activity in many special lines at the I
seaboard, accompanied by excited mark ;
cts and heavy price advances. While trade
In the interior sympathizes to a certain s
extent with this price movement. there S
Is still a percepubly good trade reported
entirely outside Of this. which serves TO I
prove that the prospect of war has not 5
had nearly as much effect inland as If \
had on the coast. 8
In commercial lines this week much in |
terest and activity has been manifested in =
the speculative and actual demand for F
leading staples. such as wheat, corn. oats, 5
hour coffee, sugar, most pork products a
and cotton A reflection of this active I
demand, which had its rise. so far as I
wheat and cotton are concerned, among :
foreign buyers, who wish to anticipate s
any possible interruption of supplies. is s
found in the movement of prices. which. :
tor the first time for many weeks past r
shows general upward tendency. r
The advances in coffee, sugar and I'VE v
are directly traCeable TO war influences. 7
marking, as they do. either desire on the L
part OF domestic buyers to protect them j
selves against any possible interruption y
II supplies or the anticipated levying OF r
aAaton TO meet the increased outlays Of {
he government. Careful search amopg =
he quotations for staple products fails 10 s
-eveal any important declines in prices F
outside of fractional marking down of ;,
steel billets at some markets. +
The check to export trade at some nor,s y
notably al the south. is reflected in ta,,,- =
'orarily smaller shipments of wheat cor, -
md -four The total shipments Of vvbas+ -
iour included, this week aggregate s 222 los -
bushels, against 4525.S12 bushels las, :.
week. 1654,6SS bushels in this week a year
'go, L2S6,eo0 bushels in 1895. 2,4S1 600 bush
Us in 1896. and az. 600 bushels in 1894
Corn exports this week aggregate ssss \,
90 bushels. against 466s. 600 bushels lasr T
week. 47e9. 900 bushels in this week las, "
-ear, and ISL. 600 bushels in 1896. =
There were pa business failures in the s.
United States this week against Us last
week. ZIG in this week a year ago, 24e in
SOS and 22S in 1925 in
Business failures IN Canada for the
week numbered Is. against q last week. -