The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-07-23
TRADE KEEPS UP.
Volume Has Been Little Affected by
Customary Summer Dizziness.

Customary
New York, July 23.-Bradstreet's says
today:
most lines of trade and manufacture
but the volume Of business as indicated
by bank clearings shows little de-
crease and is evidently considerably in
advance of previous years at this time.
A feature of the trade this week is the
better demand reported for wool east
and west largely confined it is true to
a few grades of wool. This appearance
of activity has given a decidedly more
hopeful tone to this business which,
however, is not yet reflected in the
manufacturing branch. Eastern wool
the world and stocks held now, it is
claimed. cannot be replaced at lower
prices here, or abroad.
Indications that important develop
rnents may be shortly witnessed in the
iron trade accumulate. This is partly
the result of expected good orders from
railroads for rails of a larger export
business and of a good volume of small
orders for various classes of steel The
statistical position of pig iron has been
strengthened by the curtailment of pro-
ductiOn and the reducing of stocks fol-
lowing a production of an average of
nearly 1000, 900 tons month since Jan
uary l. but some shading especially of
southern iron prices impartS an air of
irregularity to the trade. Effects of the
reported advances in prices by the Bes-
semer iron combination, have not yet
been measured and the result of this
announcement is awaited with interest.
Dizziness has been feature of the
cereal markets. Old wheat supplies are
RAPIDLY decreasing while the new crop
movement, while in excess of last year,
does not reach the proportions expect
ed. The shipping Of Texas wheat to
California is one effect of the shortage
of supplies reported.
Another feature of the business stu
alton is the active preparation making
in the coast shipping trade for the large
business with West Indian points, which
is expected to develop as a result of
military and naval operations. The re-
newal of sailings by coastwise vessels
and the practical disappearance of war
risks, are accompanying features.
Cotton is at the lowest price ever paid
at this season of the year, partly on
good crop reports and also as the re-
suit of the announced intention of
shut down by Fall River mills. For
the latter reason, print cloths are firm
ly held at previous quotation.
Coffee, though well maintained, is
very low in price on reports of another
very large crop following those of re-
cent wears, while worlds stocks are re-
ported very heavy.
Rather more attention is given the
Klondike as a result of reported heavy
arrivals of gold at Pacific coast points
and estimates of seasonal output val
ued at $20,000,000 are current. Rather
more animation is looked for in the
that advlces from Alaska are not Who'll
ly favorable, is proved by reports that
large numbers of unsuccessful prospec-
tors are anxious to get out of the
country.
Following the usual crop Of small
business enbarraSsments, failures have
again dropped to normal summer pro-
portions, the total number of the week
just closed being 1873, fifty fewer than
last week, 50 fewer than in this week a
year ago; 80 smaller than in this week
of 1896; 81 less than in 1895 and 40 less
than in 1894.
Cereal exports continue of a salts
factory volume; wheat shipments for
the week, flour included as wheat, ag-
gregating 2,203, 469 bushels, as against
2,910,S27 bushels last week and COM
pared with 1 ,978 828 bushels in the COR
responding week of 1897; 1907, $50 bush
els in 1896; 1885 096 bushels in 1895 and
3,38S, 900 bushels in 1894.
Corn exports are still in excess of last
week, aggregating 1892, 1928 bushels, as
against 2,822,248 bushels, last week q
298, 579 bushels in this week a year ago,
1288, 438 bushels in 1896; no. 94 bushels
in 1895, and 256,000 bushels in 1894.