The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-07-13
TRADE GROWS FAST.
A Large Volume of Business is
Reported by Dun.
Commercial Fears Have All
Been Put to Rest.
FINE CROPS EXPECTED
This Will Turn a National Bal
ance if Nothing flinders.
FINE CROPS EXPECTED

NEW YORK, July 13.-R. G. Dun &
Co.'s weekly review of trade says:
A business food so strong and rapid
that conservatives fear it may do harm
is out of season in July. But the sea-
sons this year lap over and crowd
each other. May frosts and rights,
it is now evident, kept back much bus
iUess that would naturally have been
finished before midsummer, and the
delayed accumulation of one season
gets in the way of efforts to begin an
other on time. But the volume of bus
mess, however, it may be assured, is
remarkably large for the month even
in good year. The exaggerated fears
about crops have passed, the syndicate
is believed both able and determined
to protect the treasury, and the time
draws near when the marketing of
new crops will turn in to a national
balance if speculation does not hinder.
The week has been nOta BILE for a SEN
sationa1 fall in wheat of SC in two
days, followed by recovery of sc,
though neither accords any interpre-
tation of the quite disregarded gov
eminent report. The sudden drop in
prices was the result of speculative
though exports not half as large as
last year,, O97, GAS bushels flour in
cluded)-from Atlantic ports for two
weeks of July, 4,227, 915 bushels last
year. had their effect, as well as West
ern receipts of 1887, 474 bushels,
against 2,156,Sl8 bushels last year.
This news indicates an enormous crop
of corn, the largest grown, if the
weather favors, but the price is only
sc lower than a week ago. Cotton
has not changed, though speculation
gardless of enormous stocks carried
over.
The weekly output of iron was ILL.,
1914 tons, having risen 13, 97O tons in
June, and where furnaces have gone
into operation since July 1 the output
rose and has put into operation many
additional works, and there is a rush
to buy before prices further advance.
The demand for structural iron is
enormous, including 5000 tons for No.
2 Broadway, and are much more here
and are much in Chicago on smaller
orders.
Wool is still advancing with enor-
nous sales, 12,714, 900 for the week and
in two weeks of July, &c, 497, 614 pounds,
as against II 986, $50 in the same weeks
| of 1892.
AS the sales are about four times the
weekly consumption, it is expected
that the market is essentially specula-
tive, but the rise abroad has set the
| country ablaze so that Western holders
are asking even higher prices than
heretofore. But buying by most man
ufacturers is already affected, and at
| the prices now asked for wool some
manufacturers are doubling whether a
corresponding value of goods can be
realized.
Labor controversies in wooden mills
have generally resulted against the
| workers., although some advance in
wages has been obtained, but a strike
of carpet weavers at Philadelphia
already affects several thousand and
threatens to include many more, an
advance of ~ cents being demanded
while the market for goods is so dull
and weak that manufacturers natur-
ally refused. Cotton goods continue
active and strong with compare lively
little difficulty as to labor. The North
ern mills have taken little over 1OO OOC
bales in the past three months, since
cotton was below cents, but with
cotton bought cheap for five months
ahead, they are able to do good
business.
The failures this week have beer
253, against PAT last year.