The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-09
WAR BREAKS NOBODY
This is Shown By the Bust
ness Failures Statement.
FALL OUTLOOK EXCELLENT
Week Shows improvement
in Cereal Prices.

!
ing cWetness, the number OF favorable
features coming to hand has not mater
tally lessened and confidence in q good
fall business is still widespread. Business
in speculative circles Is restricted. and
the new war taxes have had an appreci-
able effect in reducing the volume Of
speculative sales by se-called scalpers in
grain and securities. The tone Of prices
/ particularly for cereals, has shown an
/ Improvement for the week and detailed
comparisons with recently preceding per-
iods are still quite favorable.
Developments IL the iron trade are suu
patiently awaited. but among the favor
able features might be instsnced an IN
proved demand for pig iron and increased
inquiry a. higher prices for steel plates
al some eastern points. while the western
accounts continue favorable. Rather more
Is doing on export account in this line OF
business, and tne demand for our cereals
/ abroad is quite satisfactory. The crop
| condition is in the main very favorable,
| although the tendency now is 70 discard
early extreme estimates of yield OF wheat
and ca. 600, 900 70 roo. 900, 900 estimates are
more popular.
Business failures for the week number
| 81. as against 178 last week. 213 IN this
week year ago. 21s two years ago, 2C6
| IN 1895 and 22s in 1854
As for some time past the west and
I northwest send relatively the best re-
/ ports.
! A rather more Oh eerful tone is notice
! able a the southern and eastern and mid
die states. The tone Of trade Is quiet, but
activity in iron hss been a feature at
Philadelphia, where. however, textile
manufacturers are not very busy. Pitts
burg reports trade seasonably dull and
Boston gives 1t as quiet. The supply of
raw wool adaptable to government Dr.
ders has been considerably reduced at
that market, while prices for this staple
are steady. Dry goods are slow, but with
| stocks of cottons, particularly bleached
goods. well in hand, as result Of recent
price reductions.
The feeling in the wooden goods trade is
hopeful, while new business is narrow
Our cereal exports continue in excess
Of corresponding periods of previous
years. Wheat shipments for the week g
gregate 27S. 642, as against 4716.4o1 last
week, and comparing with assesses this
week a year ago; 2,16I076 in 1896; 2.317, 81
in 1885 and 2,377, 80 in 1894.
Corn exports show a decrease from last
week. aggregating 4,221 272 bushels against
2.SO1,5o6 bushels last week, 2273. III in the
corresponding week Of 1897; SiS.36S in 1896;
Loss, ass in 1855 and 440, 600 in 1894.
DUNS REVIEW.
New York, July s.-R G. Dun & Co.'S
Weekly Review Of Trade will say to-
morrow:
The usual haIf-yearly statement Of
failures by branches of business IS pecu-
liarly interesting because 1t shows that
war and fears Of war have not caused any
Increase IN commercial disasters. The
surprisingly large and general decrease
in trading defaults would without doubt
be accompanied by corresponding returns
as 70 manufacturing but for excessive
expansion IN some lines and the helpless /
condition reached by few large firms /
in other branches. Failures during the
second quarter have been smaller than in /
the same quarter OF the past four years /
in trading, and in manUfa curing smaller /
than in the same quarter OF any year ex-
cepting 1894. The fiscal year has ended /
with fractional results a shade beyond /
general expectations, and the new war
tax begins 70 increase revenue. not seri- /
ously disturbing business in any line. No I
reason yet appears TO apprehent that the /
war revenue viii fall below expect ations /
Criticism OF crop estimates is the less /
needful because the best authorities all /
agree that the supplies for the coming f.
year promise TO greatly exceed home re- .
quirements and full export demand. I
though for q month or two yet Europe +.
may require much more than usual This (
Will help 10 sustain the market while the /
earlier receipts are coming forward. and /
prices VIII thep be determined largely ~ /
the outlook for crops broad. which IS not I
as yst entirely encouraging
Wheat has reflected but little The In 4
proved prospect. advancing from s. 70 % /
cents for spot. regardiess OF the usuai .
stories Of injury. the current commercial /
and the department reports being appar- /
emily disJrustsd by the trade.
The cotton crop looks better and he
prospect is reflected in a decline % SIX
teen-h in the spot price The ma1ufsc-
turing works at The north are qul-e wei 1
employed, much more than usual during
the vacation season. and the demand Tor
goods : somewhat improving abroad the
state IF the manufacture does not encour-
age hopes ~ al extraordinary demand
for the raw material while the stocks
held by m4lisrs are known 20 BE- unusl-
n Is s--.--
manufacture rapidly. AID not entirely in
pace q northern mills
There Is - diSheartelment II other
textile manufactures and business X good
ard growing n silks. bagglag. hemp pro-
duets and linens.
The manufactG-s - WOOL hesitates. al
though distinctly better demand has
appesred during the last Two days BE-
cause prices a. which MOO is held ara too
high FOR the eastern manufacturers and
@ pper eatiy TOO high for profitable manu-
factu-s. sales sor the week a. che three
-1.se markets have been only so sa1
pounds. q wa.ea 80 so pounds we're do
nestle against e - 20 last year. -
which sssa 5o5 were domestic. Id s.Irs IN
pounds IT the same week o. $50. = which
s51.5l) pounds wee domestic. Tha mar
ke-s are al dun II spite o Z fairly large
demand for territory and Australian Hool
- blocks. but the manufacturers ars very
cautious = PURCHASING although r1~7e Is
every evs 5e-lcs o. great consuming DE-
lazd fo- goods when razaltzctG-ers.
vita reasonably cheap material. ca SUI
ply L IS for caen a. ore1 question