The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-08-07
GROWN WEARY.
Dun & 20. Say the PessimistS
Have Given Up
And Are Forced to Acknowledg e
PrOsperity's Return.
EVEN BRADSTREET'S
BRADSTREET'S
Says the Feeling of Confidence
Is Marked.
Chicago, st. Louis and Calves
ton Show Greatest Gains.

.
| -Four years ago, August 5, 1893, the
| first number of Dun's Review was is
sued with failures in that month
| amounting to over $50, 900, OOO while in
| the last month just closed failures have
| been only 81, III, 1877, the smallest in any
| month since 1892. The statement of
| failures by classes of business for July
| ana for 46 months shows that manufac-
| turing failures have been smaller than
| in any other month of the entire period,
IN trading, smaller than in any other
month except one, and in many
| branches of each department smaller
than in most months of which records
| exist The pessimistS who pronounced
| reports of gain fictitious and miSrepre-
| sensations, have grown weary of their
| dismal views and begin to see the dawn
or better days. Last month was the
nrst Tor TOUR years of which the volume
| OF business reported by clearing houses
| was larger than in the same month of
| 1892, and the telegraphic dispatches
| from all parts of the country given this
| week show a gratifying improvement.
| This is partly due to a large yield, for
which there is good prices, though the
| crop is probably not as large nor are
prices thus far as high as in 1892 but of
cotton, the price is higher, and the yield
probab bly, larger than in that year.
| Other farm products are realizing
| greater prices and the possible decrease
| in yield of corn may help to take the
enormous supply brought over from
| last year.
Liquidation of a powerful combina-
| NAOAA III "ACGAI OIOuBnl d TSaCIlOn 5
| cents on Thursday, but a gain of u
| cent the day following occurred
| 1t is the wrong season to expect much
| from Industries, and vet there has been
material increase in the number of
| hands employed in the iron manufac-
| ture, because of the satisfactory adjust
| ment of the wage disputes with the
| Amalgamated association and the
| opening of numerous establishments
| which would have been waiting while
| the coal miners strike seems each day
| more likely to end in a permanent set
| Element beneficial to both parties.
| Meanwhile, the demand for most fin
| iShed products is Stea Oily increasing,
| the feature this week being large pipe
| contracts for Russia oil fields Sumatra
| and Germany. While consumption does
| not yet equal the capacity of the works
| in operation, and prices of iron and
| steel products average slightly lower
| the situation is altogether more hope
/ full. In minor metals the consumption
| of tin equals the receipts, so that prices
| do not change, and the visible supply
is practically the same as a month ago.
while exports of copper have been heavy
| and prevent decline of lake below II
cents and realizing in lead has caused
| only a slight decline to $50
! The sale of wool. as comparative re-
| turns by months show, bear little rela-
| ton to the actual consumption in man
ufacture, but heavy liquidation since
| the new tariff bill was enacted gives
| the impression that some dealers are
no longer confident of a speedy advance.
NeVorCn6l6SS, prices nave risen curing
| the past few weeks, nearly one cent per
pound. Manufacturers are buying but
| little, though they are rapidly increas-
| ing the output and are able to obtain
an advance of about ten per cent in
prices of goods with rapidly increasing
orders. The temporary curtailment of
output of cotton mills continues, but
does not yet bring improved prices for
products, although the demand is gen
orally gaining.
BRADsTREETs
Bradstreet'S says today:
General trade shows the most pro-
nounced gains this week at Chicago,
| St. Louis and Galveston. The feeling
| of confidence that general business is
| to improve in the early autumn is
marked in the securities, and purchases
] of dry goods, clothing, shoes and other
| staples have increased heavily and are
| followed by a disposition to move prices
up. Purchases were restricted at Kan
sas City, Omaha and some other north
western points early in the week, owing
| to extreme heat and fears of damage
| to the crop of corn, but rain and cooler
weather have stimulated demand
| again.
On the Pacific coast, the business is
| brisk, the feature in California being
| heavy wheat shipments from San
! Francisco, at Portland large exports of
| lumber and at Seattle and Tacoma ac-
| tive demand for supplies for Alaska
! and northwest territory, and for wheat,
| fruit and hops. The movement of gen
| eral merchandise throughout the coun-
| try is unquestionably larger than last
| week Cotton goods and wooden indus
| tries are better off, and the stagnation
| in iron and steel has given way to a
| growing inquiry and increasing output.
But more significant still is the extra
| ordinary expansion in bank clearfngS
| this week and last month.
| The upward tendency of prices dur
| ing the past three weeks is again fea-
| ture wool being firmer and higher for
| some varieties. Cotton yarns are
| stronger also, as are some grades of
| cottons at the west. Shoes are no high
| err but leather and hides cost more than
| a week ago, as does wheat, (notwith-
| standing the reaction in September OPP
| tion) wheat flour, pork lard, Pacific
! coast hops, sugar, soft coal and tea.
| There is a twenty-five cent advance in
| BesSemer iron at PittSburg, which mar
| ket declines orders for future delivery
at current quotations, and iron bars
| and iron and steel sheets at western
| centers. In fact our prediction in iron
and steel has appeared.
Quotations for cotton and print cloths
| remain practically unchanged while
| those for Indian corn and oats are
lower on improved crop prospects on
other products, quotations for Whlch
have declined are coffee, petroleum,
turpentine and rOSin.
| Exports of. wheat (hour included as
| wheat) from both coasts of the United
States and Montreal this week show
| sharp increase amounting to 3,308,41I
| bushels compared with 2.343,OOO
| bushels last week, 2,747,0 600 bushels in
| the week a year ago. 1,550, 600 bushels
| two years ago, 3.417. 900 bushels three
| years ago, and as contrasted with s.
O18 900 bushels in the like week of 49,
| Exports of Indian corn this week
amount to 1898, 1855 bushels compared
with 1,482, 600 bushels last week, 257,-
900 in the week a year ago, 1,eeS.o0o
| bushels two years ago. 226, 900 bushels
three years ago and as compared with
1913 900 bushels in the like week of
1898
| There are PA business failures