The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-06-06
DUN's TRADE REVIEW.
Encouraging Prospects for Busine IS
After the Convention.

Encouraging Prospects for Busine SIS
After the Convention.
New York. June 6.-R. G. Dun & Co.'S
weekly review says:
Tt is highly suggestive that with as
little help as there is now from new
business. markets are so nearly main
tanned. Summer is close at hand and
with new crops promising wei and old
stocks large, it is now that the farm
products are cheap. The factories and
mills are still waiting for the rush 81
business seen last year, and in spite Of
narrow orders are at present generally
holding on with much confidence lit Is
so late that gold exports no longer
alarm, for the date of the expected re-
turns draws near. The opinion gains
ground that more active business is to
be expected after the conventions have
been held and the safety and su1n-
cheney of crops have been assured Low
prices at this season affect farmers
very little but the spectators who
have bought from them for a rise.
Decline In wheat and cotton has help
ed marketing the surplus Some eX-
ports have been more liberal from At
lantic ports; 2,227, al bushels OF wheat
for the week. -four included, against
l,755,8eO last year while western re-
ceipts We're zoos AIS bushels against
1,726,f57 bushels last year increased
much less than heretofore. Estimates
EALALAE4 10 AlDEL commence point TO
probable yield of 800. GOO 600 bushels of
wheat, which, with the stock carried
over, viii clear away any danger of
oppressive charges for breadstuffs, at
the same time giving producers a fair
return.
The movement of cattle at the " est
IS very heavy, at Chicago 106 per cent
greater than last year thus far, and
lard makes q new low record, with
enormous stocks accumulated. The
hardest problem of the day is whether
iron and steel prices can be maintained,
as they have been during the past
week The nail associations have failed
thus far to win over competitors who
undersell them and are able to manu-
Iacture $4,000 kegs against every 100, 600
I'm the combine. The bar association
asks for iron more than the selling
price for steel bars. Open hearth bills
are freely sold at Pittsburg below the
price asked for Bessemer. and middle
men are still selling Bessemer billets
at 81 below the price fixed by the pool
Naturally the doubt regarding main
tenance of prices greatly checks the
demand for the present, but that
larger demand is certain and viii not
be Ions delayed is one thing which pre-
vents considerable decline.
The textile manufacturers are failing
with some cotton goods reduced still
further i'm price and ginghams to TIE
lowest point ever known. while no in
crease appears in the demand Sales
Of woods still fan below half the guam
tity required for a full consumption.
ard prices have further declined. the
average Of quotations by Coates Bros
falling below l3 cents for the first time
making the fall AS per cent in five
years. Clay worsted and mixtures
fancy cassimeres and fancy worsteds
are shade lower the average of rep
resentative prices being 2S.46 cents
lower than i'm the spring of 1890, against
2T.37 a month ago.
Failures for the week were 234 In the
United states. against 195 last year
and % in Canada, against Is last year