The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-01-16
DUN'S ROSY VIEW.
Sees Marked Improvement in
Business Circles.
An Advance i'm Prices Must Soon
Follow.
LARGE CORN EXPORTS.
Corn Displacing Wheat in the
Foreign Market.
BradStreets Takes a Less Hope
Rr,T
LARGE CORN EXPORTS.
BradStreets Takes a Less Hope
full Tone.

New York, Jan. 16.-R. C. Dun & Co.,
say: The greatest growth and prosperity
the country has ever seen came suddenly
in 1879. after several months of disappoint-
ment because specie resumption has not
yet brought the benefits expected. 1t is
not the largest and most powerful vessel
that can be started most quickly, and it
takes time for new confidence to reach
through easier money markets, larger or
ders, resuming mills, expanding employ
ment and larger distribution, to the re-
suit which make still greater and lasting
gain possible
Such gradual and steady improvement
has been in progress for more than two
"a 10 ,,e,. 800 ~ f)e,as,15a,. a,d n 2 1,ar
cent since October l. The output of coke
has increased SS-7 per cent since October
l. The sales of wool have again become
larger though not yet fully reported.
Money markets feel a steady increase in
The working force is larger than at any
time for six months. Best of all. there is
so little crazy excitement that it may be
ascribed to deliberate judgment of the
ablest and most prudent men in business.
1t is not time of high prices Many who
are anxious to get early hold on the mar
ket are making for the moment lower
prices than they could afford to maintain.
Some have secured orders enough for
months to come and begin to be less keen
put or pig iron to 159,92O tons weekly
against 142, 27S last month, the price is a
shade lower at the east and at Chicago,
but heavy purchases already have adj
Vanced Bessemer a shade at Pittsburg.
A sale of 10000 tons Tennessee No. 4 for
export will yield only $6S11A at the mill
and the shipment of 1000 tons of billet
to Manchester will yield only SIS at Pitts
burg. Steel bars have been reduced to 1c
and some finished products have increased
in price. The coke output has risen from
SO, 600 to 94542 tons weekly and minor
metals are a shade stronger.
Textile manufaeturers are now encour-
scarcely Increase though more print
cloths were sold than for many weeks.
But some mode of clearing away the
n
Lower prices are expected in goods and
slow buying is not unnatural since cot
Der Der l. los --''e'' 80 pe- '' SINCE 'sl''-
Though wooden goods do not improve
there have been enormous purchases of
wool by large mills. not in the records,
which cover for two weeks of January
kets. against 11.S07. 600 last year. Some
large purchases of leather, including TO-,
900 sides of grain, indicate that some shoe
manufacturers are seeing their way to
more active work. and Shipments of the
east in January thus far are 20 per cent
larger than last year.
Hides at Chicago are 21k per cent lower
The wheat market has varied but
cefpts for the week 1,5O5 O32 bushels
! against 2,916.274 last year, are checked by
storms and by current prices, in view of
the farmers expectations.
Atlantic exports were 1456. 404 bushels
flour included, and for two weeks, 34S4.317
against 4.4S3. 100 last year. December ex-
ports were, 10. $50 519 bushels at Atlantic
ports. flour included. a gain of 2. 701 OO0
and 5112.O1S at Pacific ports. a gain of
/ 1.O71 900 bushels Traders begin to realize
| that enormous exports of corn are taking
the place of wheat in foreign consumption
and will lessen the demand if wheat be-
comes dearer.
Cotton took q rise of an eighth on a
traders estimate without change in con-
dftions. Failures for the week have been
ass in the United States against 1886 last
| year, and Il in Canada against 81 last
| year. The aggregate of gross earnings
| of all railroads in the United States re-
porting for the first week of January is
| 81. 15,012, a loss of 4.9 per cent compared
! with the corresponding week last year.
For December more complete returns
for the month shows gross earnings of
1913. .712 for the United States roads, a
| loss of % per cent compared with Decem-
| Der 1895 and 1873 compared with Decem-
bar.