The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-09-12
R G. DUN q CO.'S REPORT.
Large Buying in Certain Lines but
Not in Finished Products.
New York, Sept, 12-R. G. I


New York, Sept. 12-R. G. Dun's
weekly trade review says:
setter prospects and relief from mon
etary anxiety do not yet bring larger
demands for finished products, though
large buying of pig iron, wool leather
hloest cotton and other materials con-
rlnueS to show a growing belief that a
general upward movement in prices will
CONG with the establishment Of dealers
STOCKS Dy falL Most prices are ex-
trenely low, so that nothing more than
ordinary demand would advance them.
But the bank failures at New Orleans
cause temporary hesitation; crop re
turns INDICATE disappointment in some
cotton and some spring wheat sta es.
prices of corn and oats make It uDprof-
liable to sell at present
Reductions of wages are sorDsryl,af
numerous, occasionally resisted BY
strikes, and all these conditions dinin-
ISM Tor a time the buying power of
the people While many think gen
eral Improvement cannot come until the
election has removed political uncer-
tainties, Othes predict otherwise
The failures for the week have been
S15 in the United States against 1877 last
year and A IN Canada, against 81 last
year.
UnsoId stocks increased 81 O67 tons in
august. exclusive of those accumulat-
ing in the hands of the great steel com
panles- Strictly speaking, not half the
iron market or iron working capacftv is
now employed and the demand for fin
ished products does not grow. but heavy
speculative purchases of pig and espe-
cially from southern works, have sus-
tanned prices.
The output OF Connellsville coke was
65,991 tons weekly. against 1856 600 Oc-
tober s last year, and 3, $40 ovens are at
work, against 13 Sill then, with 10000
workers now idle.
Sales Of wool for the week have about
Squalled the normal consumption for
the first time in several months. not
because manufacturers have more or
oerS, or are doing more work, for no
gain is seen in the demand or output
The buying is mainly speculative, based
on the belief that prices must advance.
No considerable decrease appears in
the enormous stock of print cloths al
though the output has been reduced
about half Tor two months and q fifth
OF the years products remains in the
hands OF the makers, but they have
advanced the price three sixteenths
uuri1g the week For other goods there
is al better demand and manufacturers
hayb advanced prices because of the
rising cost of material, the average for
all eottOns has risen So per cent since
August 6. but stocks Of many kinds are
large.
Wheat declined a cent but then ad-
Fanced, closing a cent up for the week.
Western receipts still exceed last years
having been in two weeks 1928, 389
bushels, against 1O,323, 2SS last year,
while Atlantic exports, -four included.
have been for the same weeks 8 93S, 265
bushels, against ?, All S72 last year. Ac-
counts of disappointing relations in
spring wheat states are numerous, but
1T is difficult to reconcile short esti-
mates with heavy marketing at low
prices Corn is almost wholly out of
danger and the yield is generally ex-
pected to be the largest, as the price
here is the lowest ever known.