The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-03-19
NOTHING STOPS TRADE.
Rush of Business is Unaffected by
War Rumors.

New York. March 19.-R G. Dun &
Cos. Weekly Review Of Trade says:
Neither peace nor war reports have
changed the onward current of bust
ness. Orders for more than $25,500 600
gold from Europe have blocked any
drift towards stringency in rates for
money and treasury receipts of about
81. 100 900 per day have kept in check
any question about the currency, while
exports of products have continued at
a rate considerably increased and the
demand for products of great indus
tries shows steady expansion.
Prompt action by the senate and
house has removed all fear of embar-
rassment through conflicting purposes
at Washington. The government is
making ready without any waste of
time, while frankly assuring everybody
that it looks for peaceful settlement
and hopes that it's preparations may
prove unnecessary.
The backbone of the situation is the
excess of merchandise exports, more
than Sal ,000, 600 in February with an in
crease of 81. 200 600 in miscellaneous pro-
ducts, 81, 100 900 in provisions; "a, 500, 600
in cotton, and $1,000, 600 in bread stuffs,
compared with last year and SO. O0O, 600
in all products In two weeks in March
exports have been 16 per cent larger
than last year and imports have gained
81 per cent, although especially
swelled by receipts of India rubber,
sugar and hides. The outgo of cotton
surpaSSeS all expectation, though the
price was stronger last week, and the
export demand apparently paid no at
tentiOn to the market fluctuations.
Receipts from plantations continue
much greater than at the corresponding
date from the largest crop heretofore
produced, so that guesseS about the fu-
ture crop are now the main reliance of
spectators.
Wheat also moves in spite Of all spec
ulatiOn. Atlantic exports, flour in
cluded, have been 1.S24,569 bushels,
against .253, $50 bushels last year and
from Pacific ports 1871 S26 bushels
against 268, sos last year, making for
three weeks from both coasts 10, 659. 120
bushels against 4, 53S. AL last year. The
price has varied with conflicting re-
ports but closed Ac higher for the
week.
Wool shows no change in quotations,
though eastern markets are extremely
dull and the indifference of manufac-
turers has made transactions only
1852, 300 pounds, against 10,OSS,2 200 for
the corresponding week in 1892. The
London market is rather highere and
holders in the interior are expecting
material advance in prices.
Bessemer pig and grey forge are
both slightly stronger at Pittsburg,
the proposed combination of valley
furnaces helping, but pig is not changed
in price elsewhere, nor are finished pro-
ducts at any point excepting wire nails,
which are cents per keg weaker, and
steel rails which are said to have sold
at $3.50 at the east by some esta blish-
ments. Contracts have been made for
10000 tons with eastern works for do
nestle delivery, u, 900 tons for Austria
liza, 5000 tons, with 1000 tons bridge
work, for South Africa, and the Illinois
Steel company is filled up with orders
for the year. The Carnegie company
has sold 5000 tons deck plates to ship
builders of England and several Chica-
go orders for plates exceeding 1000
tons each are for railroads. car and ag-
ricultural implement manufacturers
and projectile works The wire COM
binatiOn having failed to effect the
broader arrangement contemplated, is
seeking to complete control of about
eighty per cent of the wire output of
the cOuntrv
While activity is great in the central
and western region, there is less de-
mand at the east.
Failures for the week have been 20S
in the United States. against PIG last
year and q in Canada, against so last
year.