The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-11-27

amounting to about $50 100000 for the
month is probable. But this would make
an excess of about $225 OOO,O 900 in four
months.
After the slight decline last Saturday,
wheat arose to 81 co.'s for November, with
No. red and other grades selling many
cents higher. Yet western receipts are
of enormous magnitude, in four weeks 81
072. 2O4 bushels, against 9,124S3S in the
same four weeks last year, while Atlantic
exports flour included, were for the week
3 628, 446 bushels and for four weeks 13, 49,
$780, against 7.737.6S5 last year. The ship
ments from other ports have also been
heavy, and nothing appears to change
former estimates of European needs
Corn also continues to go abroad in
quantities almost as large as last year.
when all past records were broken, but
the price has slightly declined.
Cotton declined to 5.S1c, the lowest point
for many years, with scarcely any indica-
lions of speculative efforts More has
come into sight this month than during
the same time in 1894 from the largest
crop ever raised. while takings by north>
ern and southern spinners have been
smaller and print cloths and some other
staple goods are at the lowest quotations
ever known. In such conditions weak
ness is natural, although extreme esti-
mates of yield are not by some entirely
credited. The demand for goods from the
south is larger since the removal of en-
bargOes and recent reductions in prices
have stimulated larger transactions by
dealers, but stocks held by the mills are
still heavy. With 10000 pieces print
cloths on hand. against 2,212,000 year
ago and only 216,OOO pieces two years ago.
The output of 2 900, 900 beyond consumption
last year has been a heavy load ever
since
The iron industry shows no decrease in
production consumption of pig, but
with much reduced orders for products,
excess of production is expected and Bes~
semer falls a shade to $1015 and grey
forge to 1915 at Pittsburg, though Chi
cago and eastern markets show no
change. Biuets are also weaker at Pitts
burg at SIS. Expectatio of lower prices
tends to produce them at a time when
new business is naturally small and the
mills are working mostly on old orders,
with buyers impatient for deliveries.
Other large orders are held back in
plates by inability of the works to deliver
in the time desired. In bars, agricultural
and railway manufacturing cases, there
is a heavy demand at Chicago, iron being
preferred to steel, and thin sheets are
also in better demand, but bars are
shade lower at Pittsburg, and both wire
and cut nails Some large orders for rails
by eastern railways are reported.
The wooden manufa cture is still con-
Stunning heavily in execution of past or
ders and many agents are sold so far
ahead that they seek no further business,
while others are beginning to question
whether the demand will suffice if prices
are made to correspond with present quo
tations of wool. Some reduction in prices
of wool appears, possibly averaging half
a cent, with sales of Australian amount
ing to 2, 10000 pounds in a few large
blocks in Boston but the tone is still
strong No change has occurred in the
cotton manufacture, and the market for
its products is still irregular.