The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-07-31
That the Revival in Business is
Due to Wheat.
NEARLY 5 CENTS
In One Week in the Face OF
Good Prospects.
Good Feeling Pervades Nearly
Every Branch Of Business.

from Detroit to Seattle, and Portland,
splendid crop prospects. the TASK OF
adjusting the business and industries OF
the country to conditions created by
new law has progressed with gratify-
ing rapidity and ease. Even the IN
creasing strength of the striking coai
miners probably forwards the adoption
of the uniformity plan, which promises
to remove most of the causes OF such
struggles. Some confusion is caused by
events seemingly contradictory; by
closing of cotton mills, when many oth-
err works are starting and by decline IN
some prices when others are advancing,
but the balance is Enthusiastically on the
right side.
The most important event since the
passage of the new tariff, which was
generally anticipated week ago, mas
been the marked increase in foreign
demand and advance in price for wheat
The latter has risen Az cents, during
the week, with western receipts for the
first time, exceeding last years and
western railroads besieged for cars and
with Atlantic exports of i,71S,73S BUSH
els, flour included, for the week and
6.351.17S bushels in four weeks, against
6,S17, $50 last year With heaVy con
tracts for shipments, exceeding 1.2OO-
600 bushels on a single day, Liverpool
reports of a shipment from America to
Northern Bohemia, and with French
markets, excited, speculative sales here
have little influence.
The fact that corn exports exceed last
years, although the price has adVanc-
ed to 32.87 cents, is further proof that
foreign demands are substantial. With
crop news still favorable. producers
may probably realize something like
$50 600 600 more than last year on wheat
which means great difference in pur-
chaSes by agricultural states. Corn al
so advanced 125 cents and cotton a six
teenth, though reports as to yield are
good.
The industrial sky is partly over
clouded by coal and iron difficulty and
by the closing of large cotton mills.
Having run for months far ahead of
consuming demand on cotton, bought
at comparatively high prices. the mills
see ahead a large crop and cheap cot
ton and it is but the rational way to
stocks at the season when vacations are
common and begin the new year on it's
own basis.
The wooden manufacture answers
whOlesomely and moderately to new
tariff conditions, and while opening of
light weights below about 81 in cost
has made a very encouraging demand,
the advance in prices asked is not
large. With very heavy stocks of free
wool in hand, manufacturers are able.
and in the presence of large stocks of
foreign goods, are obliged to engage for
the next season without advancing pri-
ces in proportion to the rise in wool, and
large contracts of that nature have al
ready been made. Selling of wool at
most active, is suggestive, amounting
to S.S48, 900 pounds for the week and al
three chief markets to II, 1874, 500. Sales
for four weeks have been 46 109, 200
ounds. 22,53S 500 ing domestic, against
Z ,211. $50 in all last year
Delay in the iron industry is partly
because the wages have not been set
tied at all works. though al many and
partly because steadily rising demand
does not yet raise prices. In some pro-
ducts, prices are shade lower, not
withstandlng a larger demand, owing to
competition between works. but Bes-
semer is a shade higher. In structural
work, plates, sheets and bars for the
enormous operations of agricultural
work, the demand increase
and for rolling stock owing to the
abundance of crops.
Failures for the week have been 236
in the United States against 2S1 last
year.
BRADSTREET.
Bradstreet's says:
The unexpectedly early fall demand
for staple merchandise, which Brad
streets announced last week, is pro-
and although not conspicuous
at some of the larger eastern cities.
which it is approaching, is notably 50 at
points in the Mississippi and Missouri
valleys and in the large wheat grow
ing states. A special investigation by
BradStreetS this week shows that in
creased purchases by country mer-
chants in the region specified, based on
the prOspectively large wheat crop at
home, in the face of short wheat crops
j
bers from 10 to Is per cent, compared
with fall trade at a like period last
year. The total volume of this new
business is not large, but it is unusual
in this, the duh month of the year, and
it is growing.
number of western implement fac
tories are unable to fill all their orders
for nearby delivery, and one order for
shoes alone at St. Louis calls For $35 600
worth of goods. The depression among
wooden manufacturers is less pro-
nounced, because prices of cheviots and
other wOolens have begun to advance
pointing to profits in handling high
priced wool. The greatest relative i'm
provement among the jobbers and
cago. st. Louis, Kansas City, Omaha,
st. Paul and Minneapo polls although at
other points, notably in Texas, there is
a pronounced feeling of confidence in
an early revival of demand which is
already beginning to- show itself A
number of large trunk lire railways re-
port that they are carrying more ner-
chandiSe than two or three wears ago
Fewer manufacturing Industries than
expected have been compelled to close
owing to lack of coal on account of the
strike, the principle check being due to
higher prices for fuel Iron and steel
and the cotton goods industries are
more unfaVorably situated than al
most any other
The most favorable feature of trade is
its slow, conservative, steady expan-
sion, it being based on the increased
wants and~larger consumptive capacity
of the agricultural community, with
whom the prospect is brighter than it
has been for six years.
Practically the only decrease in quo
tations this week are for iron and steel.
The list of advances is longer and more
significant, including prices of wheat
wheat flour, Indian corn, lard, sugar
live stock, cotton, wooden goods, lead
and nails.
There is a sharp falling off in exports
of Indian corn this week, the total