The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-06-20
DUN'S REVIEW.
The Outlook For Business Is
Brighter.
Wheat, Corn Eand Cotton Show
Slight Advance.
CROPS YET UNCERTAIN
Democratic and Harvest Decis-
ions Awaited.
Iron and Steel Slightly Lower
In Prices.

New York, June 2O.-R. G. Dun &
CO.. weekly review of trade, which is
sues today, says:
There are continued signs that a gain
in business has begun. Stocks have
gone higher than they were before the
artificial break ten days ago, wheat
and cotton are in better demand, there
is more confidence in monetary circles
and the tendency toward shrinkage in
great industries seems in some meas
ure, at least, to be checked. While the
outcome of the Democratic convention
is uncertain and the great crops are
not yet wholly beyond danger, a sure
and strong Improvement could hardly
be expected. but the tone in business
full
Beyond the influence Of this general
hopefulness, nothing appeared to JUS
tlfy the advance of a half cent in
wheat; q in corn and SOS in cotton,
and reaction started in all these with
the taking of profits Thursday Wheat
receipts at the west 2.41S. 766 bushels for
the week. against ], liz, 143 last year in
dictate no Slackening of supply nor fear
of farmers for the future. Atlantic eX-
ports 2 400, 1876 bushels of flour included,
for the week, against 1893 81 last year,
are large for the season, but with new
wheat just beginning to move, the sup
ply is ample The advance in cotton al
50 had no visible cause in crop pros
poets or movement, though receipts at
ports have been light. Accounts still
indicate a, large yield and the most sub
stantial news Of a helpful nature is
that the tone in manufacturing circles
is more cheering.
Manufacturers await orders which
clOthiers hope soon to give, but are not
yet ready, and the only change in pri-
ceS are declines of to 10 per cent in
some very low grade goods. The only
change in cOttOnS is a reduction in
bleached shirtings in standards to the
lowest price ever had. The change dis
closes no new weakness, but a BELIEF
that the time has come when sales can
be effected by reduction and large sales
are now reported. Stocks of dealers are
believed to be so low the replenishment
would now make a great change in the
condition of the industry.
The waiting in iron and steel betO-
kens a slightly lower average of prices.
the lowest since April 1 and only = per
cent above the lowest of the yelr.
though the combinations make no
change in quotations Beams are quot
ed delivered instead of at mills, but
sumption of wire nails at current prices
has so declined that American wire
rods are offered at competing prices in
England; scarcely anything is done in
iron bars, because steel bars at IL take
the business and the billet pool is still
undersold by 81 by middlemen while
many works are putting up steel plants
of their own Plates are weak. and also
sheets. and orders for rails, though nu-
merOuS are not large southern No I
is offered at 81 below Pennsylvania pig
and Grey forge is 10 cents lower at
Pittsburg.
Since coke advanced to 81 per ton, the
ovens at work have decreased 80 per
cent and the weekly output SO. 463 tons.
or 20 per cent
Failures fer the week have been 276
in the United States. against 228 last
year, and % in Canada, against 81 last
year