The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-10-20
Trade NO BETTER
Dun's Weekly Review of the
Business Situation.
Cotton and Wheat Lower Than
Ever Before.
WEEKS FAILURES 25s.
Exports Of Gold Instead of Pro-
duets a Feature.

New YORK, Oct 2o.-R. G. Dun &
Co.. : Weekly Review Of Trade says:
Cotton below cents and wheat below
S. cents, each lower than ever since
present classihcations were known
export of gold instead of products are
the salient features IN business this
week Distribution of foods to con-
sumers goes on fairly. with gains at
nearly all points in comparison with
last year, but not yet at a rate to sus-
tain the present volume of manu-
featuring production, SO that prices
weaken a little The domestic trade
reported by railroad earnings in Octo-
Der il g. per cent less than last year.
1874 per cent less than 1892 The pay
ments through the principal clearing
houses for the third week Of October
are 20 per cent greater than last
year, but 81 per cent less than in
1892 The daily average for the
month is So per cent larger than last
year, but 2s-2 smaller than in 1892.
With many features Of encourage
ment, business has not yet reached
expe tions and it IS evident that the
unnaturally low prices of other great
staples affect the buying power of
millions.
Wheat for Octobsr delivery fell to
5474 cents on Wednesday and IN spite
Of some recovery the average for
October thus far is 2 cents below the
lowest monthly average ever made,
which was ia September, and was
nearly 10 cents below the lowest prior
70 this year the October average be-
ing so cents below that of October,
1891, or 1890. Western receipts are
only 4, 900, 491 bushels for the week
against zoos, $40 bushels last year,
and Atlantic ports 631, O54 bushels
against 500, 343 bushels last year, but
the controlling fact is that no de-
mand as yet promises to clear away
the enormous surplus Corn declined
1S@1c during the week with receipts
not a quarter of last year and ex-
ports not a tenth Pork products
were small and weaker. with lard a
quarter cent lower.
Domestic exports from this city in
two weeks of October W ere is per
cent less in value than last year,
while the increase IN value of imports
has been 57 per cent Much of the
decrease in exports is in the price,
but IN August and September the
quantity of W heat decreased over a
third Provisions and cotton gained
but oil decreased. and in minor
products exports in September de-
clined Is per cent. The increase OF
imports exclusive Of sugar was over
~5 per cent in Septem Der, and in two
weeks of October at New York over
AZ per cent With this heavy increase
in purchases. and a decrease in sales
of products abroad, the market for
foreign exchange is in position to be
quickly affected BY Withdrawals of
capital or approximations regarding
the future peace of Europe To
the half million dollars exported
Tuesday it is expected that as much
viii be added to-day. 1t appears that
three trust companies have now over
$40, 600, 600 idle money. and that East
ern mill loans are being taken from
New York by English banks, while
the Northwestern demand for money
j. unusually small The treasury is
again falling backward in reserve,
and large imports yield little less
revenue than last year, while internal
revenue for the past three weeks Is
81, 500, 900 smaller than a year ago
During the past week the failures
have been 253 in the United States.
against 341 last year
Bradstreet's says. With few excep-
tions the leading features of the bus
ness situation this week have been
those of continued moderate improve
ment. although the total volume of
business as indicated by bank clear
ings throughout the country will re-
quire considerable expansion to COM
pare favcrably with CORE spending
totals two years ago
The Worlds Fair award to Dr. Prices
Baking Powder speaks for itself It