The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-10-25
TRADE NO BETTER
Dun's Weekly Review of the
Business Situation.
Cotton and Wheat Lower Than
Ever Before.
WEEKS FAILURES 253.
Exports Of Gold Instead Of Pro
ducts a Feature.

NEW YORK. oct. 2o.-R- G. Dun q
Co. $ Weekly Review Of Trade says;
Cotton below cents and wheat below
SIS cents, each lower than ever since
present elassifications were known,
export of gold instead of products are
the salient features in business this
week. Distr button of foods to con-
sumers goes on fairly, with gains az
nearly all points in comparison with
last year, but not yet at 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 is 3. 4 per cent less than last year,
13.4 per cent less than 1892 The pay
ments through the principal clearing
houses for the third week of October
are 2.3 per cent greater than last
year but 5L5 per cent less than in
1892 The daily average for the
month is SO per cent larger than last
year, but 28.2 smaller than in 1892
With many features of encourage
ment, business has not yet reached
expe Citations and it is evident that the
loss OF part of the corn crop and the
unnaturally low prices of other great
staples affect the buying power of
millions.
" utdD lOL OCLOD6E delivery 4C1A "
545z cents on Wednesday and in spite
of some recovery the average for
October thus far is cents below the
lowest monthly average ever made,
which was in Septem Der, and was
nearly 10 cents below the lowest prior
to this year. the October average be-
ing 90 cents below that Of October,
1891, or 1890 Western receipts are
only 9OO 4o1 bushels for the week
against COCA 333 bushels last year,
A AZ 1~~1e~
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
ole during the week with receipts
not quarter of last year and ex-
ports not a tenth. Pork products
were small and weaker, with lard
quarter cent lower.
Domestic exports from this city in
two weeks OF October " ere Is per
cent less in value than last year.
while the increase in value Of imports
has been q per cent Much Of the
decrease in exports is in the price,
but I'M August and Septen Der the
quantity of wheat decreased over a
third. Provisions and cotton gained
but oil decreased, and in minor
products exports in Septem Der de-
clined 10 per cent The increase of
imports exclusive of sugar was over
IS per cent in Septem Der. and in two
weeks of October at New York over
43 per cent. With this heavy increase
in purchases, and decrease in sales
of products abroad, the market for
foreign exchange is in a position to be
quickly affected by Withdrawals of
capital or appre he nsions regarding
the future peace of Europe. To
the half million dollars exported
Tuesday it is expected that as much
will BE- added to-day Tt appears that
three trust companies have now over
$40 600, 900 idle money, and that East
ern mill loans are being taken from
New York BY English banks. while
the Northwestern demand for money
is unusually small. The treasury is
again falling backward IN reserve.
and large imports yield a 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 BAL last year.
Bradstreet's says: With few excep-
tions the leading features of the bus
ness situati ton this week have been
those Of continued moderate i'm prove
ment. although the total volume of
business as indicated by bank clear
ings throughout the country Will re-
quire considera BILE expansion to com
pare favorably with CORE spending
totals two years ago