The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-09-18
Is Discovered in the Rapid In
crease of Business.
CrOakers Are Beginning to Talk
of Dangerous Reac ton.
DUN is NOT SCARED
Says There is No Reason For
Apprehension,
While the Power to Purchase
is Increasing Daily.

New York, Sept. 1S.-R. G. Dun & Cos
weekly review of trade says in its issue
today:
The end of the bituminous coal strike
and the return of many thousand men
to work at advanced wages adds to the
purchasing power of the people, and
the anthracite strike affects not a fifth
as many workers. The starting of many
mines and works, enormous exports of
wheat and corn, the favorable news as
to those crops and cotton, the fall in
sterling exchange, and the report show
ing that gold imports, began in August,
exceeded exports by 81. $780, S5, while
merchandise exports exceeded imports
by $4O,953, 1853, have all contributed to
forward the improvement in business.
The replenishment of stocks cannot
be half finished, though some who could
see no sign of improvement a few
weeks ago are now finding it so vast
and rapid that they fear reaction. But
consumers as Well as dealers have also
to supply themselves after years of en-
forced economy, and while their power
to purchase is increasing every day,
and their actual buying at retail, rea-
sons for apprehension are not urgent.
When the tide changes after four years
of depression it does not fall again after
four weeks.
cents on account of crop reports
which promise larger yields, and corn
and cotton are both a little lower for
like reasons. Yet estimates of the high
est financial authorities regarding re-
quirement from this country are not
smaller, but larger than before, while
better prospects in Argentina, Austral-
Ia and India hold out no promise of
large European supplies. or of any I'M
til winter is about over. Atlantic ex-
ports of wheat, flour included, are more
than double last years each week and
in two weeks $3.50, BIB bushels against
4 1O7,721 last year and of corn 1905, 1868
bushels against :, 1881, 826 last year. From
the Pacific coast wheat is also moving
largely, % cargoes from San Francisco
this month and over 584. 985 bushels in
seven days from Portland.
Corn declined over three cents with
the growing belief that the yield will
Surpass estimates. Cotton was depress-
ed from IL to &c, with favorable news
of yield. although the mills are not now
consuming with great rapidity
The stock market had another of it's
reactions on Monday, but on Tuesday
was higher than ever The reactions
thus far have been significant After
the average of so active stocks had ris-
en- 81 per share, it fell SO cents in two
days of reaction in June, and then rose
again. After rising IS more it fell Is
cents, August g. then rose another dol
lar and had serious reaction of 50
cents on the 18th, but was higher than
ever within a week. August "a and %
it fell % cents, but it then rose 50 more.
September Is. its reaction averaged %
$1.O7.
The iron industry again shows in
creasing demand and an average of
prices nearly 1 cent higher due to pur-
chasing by consumers. Buying of 100,-
900 tons Bessemer pig at Pittsburg has
advanced the price to SO; grey forge is
hard to find there at 1915, and billets
sell at $3.50, with the output increased
to 122, 431 tons weekly, ConnelIsville coke
advances to $1.40 for furnace.
Textile mills are more fully employed
than al any other time for years, though
new buying has diminished in amount
and though while the number of orders
received is still large. the amount is
smaller. The demand is still very good
for the season and prices are firm
throughout, with some advances.
Actual buying of wool by mills is in
creasing at all markets with the belief
that foreign supplies are short.
Failures for the week have been 204
in the United States against 81 last
year, and 40 in Canada against 80 last
year.
BRADSTREET
Bradstreets says: notwithstanding
unseasonably warm weather and the
appearance of yellow fever in several
gulf states. checking locally the distri-
button of merchandise, business
throughout the country has increased
more than anticipated. The center of
Improvement is Chicago, which furnish
ed the most favorable trade report
within five years. Advices from Kan
sas City, Omaha, st. Paul and St. Louis
also reflect activity in demand among
jobbers and wholesalers. There is a
temporary stimulus to business at Sa-
vannah owing to the withdrawal OF
competition from merchants at towns /
cut off by the fever quarantine.
Chattanooga, Memphis, Atlanta, sAu-
gusta, Galveston and even st. Louis an
ticipate temporary falling IN business
owing to the interruption to affairs in
the gulf states and adjoining territory.
The settlement of the bituminous coal
strike. a further rising tide of demand
for iron and steel products, the with
drawal from the market of some man
ufactures of woolens, extraordinary
bank clearings and reports that mer-
camille collections have improved, con-
stitute the features of the week.