The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-04-09
TRADE FLOWS FREE
Capital Has Not as Yet Grown
So Timid
OVER WAR POSSIBILITIES
As to Produce Appreciate
Effects on Business.
OVER WAR POSSIBILITIES

New York. April S.-R. c. Dun & CO..:
weekly review o. trade tomorrow Will
say:
When everybody Is asking whether It Is
70 be war or peace. the state of business
| is not easy 70 judge. Since nobody can
judge jus; now wise bankers may be in
| an emergency, there is some uncertainty,
but thus far scarcely any stoppage what
ewes of manufacturing concerns appears
nor any indication that the producing
force is likely to be diminished, nor is
any such symptom to be seen in business
reports, So far, banking conservatism
has not caused failures, which continue
smaller than for many years, as in March
nor has It caused stoppage Of any man
ufacaring concerns. nor lessened the vol
ume OF business reported by railroads in
tonnage and clearings at principal points.
The wheat outgo counts for much and
continues, Atlantic exports having been
2,21l,217 bushels for the week, against
1,521, 122 bushels Last year, and Pacific
L226. STA bushels, against 44753 bushels
last year. Since corn exports continue
3,4S3 $50 bushels, against 3,328,277 bushels
last year, the strength OF the demand is
not TO be attributed TO speculative egen-
ctes. 1t is fortunate that western re-
ceipts Of wheat do not fall short OF the
extraordinary gain, but are still 1901, 3G5
bushels, against !, 789, 10 bushels last year,
so that the stories Of the nearly exhausted
supplies of wheat are fables for children.
The price rose steadily and closed 9 cents
higher for wheat, with corn l cent higher.
Every industry meets enormous over
production. compared with corresponding
demands in any other year, however
prosperous and yet nearly all are keep
ing almost their whole force employed
and some are increasing force, In one
branch of wooden manufactures, two car
pet mills have stopped, or are about TO
stop, as it is between seasons. but much
complaint of cancellation because higher
prices and possibly an some cases because
OF inferior qualities has not been followed
by reduced production. Sales of wool are
Insignificant and prices have declined 2
cents for finer grades, and over / cent
IN inc average TOT ali quotations, Onlyy De-
cause spectators wholly underestimated
stocks held by manufacturers In the
iron and steel industry, with demands
greater than eve rbefore from general
urgent orders from the govern
ment enlarge work but do not advance
prices.
Disasters in trade, shown this week by
branches of business for the
month OF March, and also the first quar-
Ter of 1898. make the best report that has
been possible for five years. It is inter
esting to note that nearly all branches of
business show surprising movement.
Meanwhile banks are extremely cautious
md commercial loans are but 10 per cent
II their aggregate. The belief that quick
expansion in all branches would follow
greater Hberality and patriotism by the
>anks is not wholly unfounded, and the
leavy receipts Of gold from Europe counts
or little. compared with the greater or
ess liberality in loans by banks. Dis
urbances does not Yet appear, however.
md failures for the week have been 232 in |
he United States. against 252 last year,
Ind 30 in Canada, against Sc last year.
dORE,