The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-06-27
DUN'S REVIEW.
Says the Unexpected Strength
of Silver Coinage
Makes the Monetary Outlook
Yet Uncertain.
A WAITING ATTITUDE.
Wheat Weak, Caused By Good
Crop Prospects.
Bradstreet Says No Improve
ments Before Election.

New York. June Pr. G. Dun &
Co.'S Weekly Review of Trade says:
The monetary outlook is not yetcl
The strength shown in recent conven-
lions by advocates of free silver coin
age and expectation that all the ele-
ments favoring that policy may yet
concentrate, incline them to a waiting
attitude.
But many mills have waited as long
as they can with saftey, and signatures
have been given by enough cotton mills
of Fail River to insure a temporary
stoppage, it is stated. the nature Of
which is now under discussion in con
ference with the Providence manufac-
turers. Meanwhile the Pacific of Law
renee and the Maumkeag of Salem
have closed for a time, and practically
all the southern cotton mills will be
represented at a meeting on Monday
with the same object. Wooden mills
are acting without concert, but four
teen are mentioned in dispatches as
having closed this week.
There is no similar movement in
other industries, though the period of
summer closing is at hand in many Of
them and important controversies as to
wages OF iron puddlers and other hands
make it likely that the annual stop
page in that industry may last longer
than usual
The weakness of wheat, which has
declined 10 cent, and Of cotton, which
is an eigth lower for spot, though less
Tor futures, have full explanation in
decidedly good crop prospects
Returns OF harvesting thus far sup
port the best estimates as to wheat and
the condition OF cotton has been decid-
ely improved by rains. The closing of
many mills also threatens to cut off
the demand between this date and Sep
TENDER L by 10000 to 10000 bales, but
IN any event the stocks on hand are
ample Wheat receipts at western
points have been 1886. 692 bushels
against only 707. POI last year and for
three weeks past, g, 551, 27S against g.
s54,O05 last year, and while Atlantic ex-
ports have sharply increased, amount
ing to 1851 21 bushels, -four included
against 1914 for three weeks of June
last year, there is no reason to doubt
REGARDING the sufdciency of supplies.
me nay crop has also been exceed
ingly good at the west. It is not
wholly a welcome, but a necessary con
clusiOn that prices for the great sta
pies are not likely to be higher.
The great combinations which, the
Iron Age wisely reasons, tend to cause
dlsastrOuSly low prices hereafter, both
for material and finished products Of
iron and steel, though it is reported that
lower prices Will soon be made for coke,
owing to better utilization of bye-prO-
ducts, and for nails, owing to the
heavy decrease in consumption.
The billet pool reports no larger sales.
but middlemen, or outsiders, continue
to underseu it. Bessener pig is a shade
lower at Sl2.25 at Pittsburg. The tex
tile manufacturers, as has been said
are generally deYlslng eurtailment Of
production, and the only change in
prices is downward Sales of wool have
been 12.855.60O pounds for four weeks
Failures for the week have been PIT
in the United States, against 256 last
year. and "A in Canada, against p last
year.