The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-30
CHECK IS NOTICEABLE
But Trade Suffers Less Than Il
Might Reasonably.
STAPLES ARE MARKED UP
Increased Bank Clearings--
Railroad Earnings Fattened.

New York, April 2s.-R. G. Dun & Co.'S
Weekly Review of Trade will say tomor-
row.
Eostrities have not az yet changed last
weeks conditions There is much post
nonement of orders by men who do not
know what they are waiting for and
much restriction OF loans by banks which
are abundantly strong. AL this checks
| new business and yet the volume OF the
transactions through clearing houses is
per cent larger than in the same week
| of 1892, with no foreign trouble. But this
| Increase would be much larger but for
| speculative stagnauon here, New YORK
! clearings being 81 per cent smaller than
| in 1889 Railroads are doing q great busi-
ness, 81 per cent larger than IN 1893 in
april earnings thus FAR, and 1873 larger
than last year.
| Many have been asserting about every
| day for the past three weeks that wheat
| speculation has eliminated, but the price
In that time has advanced N1e cents, sA
cents within the past week. Receipts of
against 1552.sD year ago. and averaging
! $50. 900 bushels per week for January, Feb
ruary and March. show no exhaustion of
supplies. while exports amounting to g.
704.675 bushels from Atlantic ports, as
against 643. 179 last year. and 7S6. 07S from
Pacific ports, against 1854 last year,
-four included in all cases. makes exports
for the four weeks 1904 1853 from Atlantic
and 2,SS0,020 from Pacific ports. and for
the crop year this far $50 $751; 7S bushels,
against 127, ,6s5 during the same weeks
and months of last year. Corn exports
for the week were 8, IT'S, $50 bushels. against
3, OBS, 046 last year and for four weeks
have been u 266, 6S1 bushels. against H.
$50 POT last year. This makes about 49,,
oOO0 900 for the crop year. No such foreign
demand for both grains has ever been
known, and 1t does not seem to be sati-
ated at all yet. Confusing accounts
about the great industries cannot cause
surprise in view of the contradictory In
f1uence of monetary stringency, curtail-
ing many heavy orders by the govern
ment in many branches, and an all-per
vadng confidence that after temporary
conditions have passed business is going
to be better. The government is buying
many new uniforms and great quantities
of supplies, clothes. shoes, copper wire
and iron for vessels and armament and
the purchasing of many ships compels
building of other vessels.
Banking caution at the same time is
stopping work in some iron and WOODEN
- 70 frntI h1TC
ness causes refusal of very many con-
tracts for long time. the holding of wool
above it's current market value and a
marked rise in hides.
The consumption of iron is still the
greatest ever known. though many struc-
tural and car contracts have been defer
red. The week has witnessed eastern in
quiries for plate at Chicago and gen.
eral advance OF 81 per ton. with refusals
of bids by implement makers at Chicago
for bar iron, because higher prices in
the future are expected and eastern buy
ing of bars from Chicago for car build
ing, with a shade lower prices at Pitts
burg for Bessemer pig, because the asso-
ciated producers hold to agreed prices,
although middlemen are selling at lower
figures. In spite of any agreement by
foundry men and forge producers, the
price of grey forge at Pittsburg slightly
declines. Considerable orders for steel
rails for export have been received dur
ing the week. With but two or three
structural orders OF consequence the
works are fully employed for months to
come.
M 49, OF
ped by some government orders, little
outside demand ana the temporary ad-
vance IN raw cotton to 6.44, although the
price has since declined again to 6.37.
Supplies have been larger in some pre-
vious years than they are now, and yet
are enormous, and the demand for goods
is still hindered by the great stocks in
sight or reported. Wooden manufactures
are doing rather better, large government
orders helping. Sales OF wool are about
sixth OF last years for April, half of
those IN 1885 and third of sales in 1882,
though eastern buyers are weak. but
country holders are sticking for higher
prices.
Failures for the week have bsen 2s2 in
the United States. against 237 last year,
! and 10 in Canada, against 20 last year.
BRADSTREETS
New York April 29.-Bradstreet's tomor-
row will say:
Toe lack OF excitement, nervousness OF
interruption to the ordinary orderly con-
duct OF public affairs, and particularly
business operations. with which this coun-
! try has passed from peace TO war seems
| likely 20 become hystericaL Wden con-
/ trasted with the records, where extant
/ OF business movements at periods in the
! coun1ry's history, when war was the Anal
( result OF strained relations, the temper
/ with which the country has recognized the