The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-05-30
MARKETS WEAK.
Tin Every Line Except Aanufac-
tured IrOns
Where They Are Kept Up By
the Combine.
DUN AND BRADSTREET
Give Their Ideas on the Trade
Situation.
Gold Exports Are Causing No
Apprehension.
DUN AND BRADSTREET

New York. May 30.-Dun's weekly re-
view af trade says
Continued exports of gold, amount
Ing to Sc. 500 coo this week. are recog-
nized as natural results of the borrow
ing and importing early in the year
but caused no serious apprehension
There Is q general conviction that de-
structive schemes viii not. succeed, al
though at present political uncertainty
causes part of the business that might
be done TO be postponed until the fu-
ture IS more clear
Markets for products are weak rather
than strong The business done is
small but largely governed BY the be
lief I'm large crops ana insufficient de-
mand.
Wheat has fallen 8 cents. Though
low prices bring larger Atlantic ex-
ports than year ago for the first time.
in many months, while exports Of
wheat, -four included, have been 1913 r.
878 bushels for the week, against 4, ABB, r.
745 last year the fact remains that for
May these exports have been only Ar
623 777 bushels, -four included, against
6.lS3 APO last year. while western re-
ceipts are for the week nearly 10 per
cent larger and for four weeks 8,04S, 645
bushels, against 5,S44, 572 last year Is
Inmates vary widely, but nobody looks
for crop so short as to exhaust the
surplus in sight.
Cotton has fallen an eighth in spite
Of continued reports that famine is
near. A decrease in manufacture of 80
per cent at the north and perhaps more
at the south. shows the real nature Of
estimates based on continued manu-
facture at maximum rates. Receipts
still indicate a crop Of 900 900 bales
last year, a yield is promised much
more than consumption in any year
Except in print cloths. which are
weak with stocks Of 1.123, 1000 pieces in
sight, nobody can tell what quantities
OF goods have been accommodating while
4r-c "a a
Wool sales. exclusive of a. few speou-
IRtive transactions. are less than 40 per
cent of a weeks fair consumption, and
for May have been 12,711.900 pounds,
against 20,s00, $50 pounds last year and
20, 549,350 pounds in 1892.
Prices are weaker, washed Xxx 161z;
Ohio delaine 19 and about half the
quantity sold is foreign The larger
manufactures took quantities of wool
in January and the smaller want scarce
ly any now. Dress goods are quiet and
dealings in men wear stlll unsatis-
factory. silk is a shade stronger for IT.
alians. but a large auction sale of silks
realized low prices
The iron and steel markets are weak
with lower prices because the demand
for finished products is entirely made
Quate,though prices are higher. Pig iron
has fallen over . per cent since April i,
but the average OF finished products
has been advanced per cent, lower
quotations for Bessemer and Grey forge
and local coke at Chicago with stop
page q wv lllllus OF lne furnaces IN
virginia some III pennsylvania and 9th
ers ia the MahOning and Shenang0 val
leys result from inability of manufac-
turers to sell at prices which their com
bination demands. biIlets being under
sold by open hearth iron bars, by steel
bars. by steel bars and nails by new
concerns which are rapidly putting in
machines
Plates weaken and there is no inn
provement in sheets, rods. but beam
makers have raised the prices 80 per
ton, making a slight advance in the av-
erage of all prices for the week Tt is
possible that rebuilding after the dis
aster at ST. Louis may affect iron and
steel markets extensively The minor
metals are all a shade stronger.
Failures for the week have been 239
IN the United States against 215 last
year, and 20 in Canada against 81 last
year.