The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-07-02
WHEAT EXPORTS LARGE.
Double Those of the Corresponding
Week Last Year.

New York, July 2-R. G. Dun & Co.'S
Weekly Review of Trade says today:
The second quarter of the year closes
with more encouraging returns. Fail
ures have been a little larger than in the
first quarter of the year whereas a de-
crease of 50 per cent might have been ex-
pected from experience of the past ten
years, but with that allowance a differ
ence of only 100000 can be charged to
war and fears of war, whereas solvent
payments through clearing houses for the
quarter were over $4,000, 900. In the
very best years defaults range from an
eighth TO a fifth of one per cent of such
payments, and in bad times from a third
to a half of one per cent OF more, but this
year the proportion is less than a fifth
Inc quarterly Statement SHOWS an aSBIe-
gate of S34 1875, 074 which is smaller than IN
except one, and the average of liabilities
default to firms in business and to eX-
change through clearing houses, is also
smaller than in any years except one or
the past seven years.
The exports of wheat continue extraor-
binary. During the week they have been,
flour include, 4,006S90 bushels from At
year and Pacific exports 4i6564 bushels
against 10000 bushels last year. This
ports yet to hear from III 81 $50 bushels
exports of wheat, flour included, against
largest previous exports, but at the same
time 211, 49,, 25S bushels of corn have gone
out, against l6,6O22S5 bushels in that year
and 1IS,olI, Al! bushels last year., which
was much the largest on record. The
natural with abundant evidence Of an
enormous yield, notwithstanding all re-
ports OF injury, but cash wheat has ad-
vanced to 50 cents. Corn has declined a
fraction. although the demand for export
is still beyond all precedent, and cotton IS
an eighth lower at 6.25 cents, owing to
favorable reports as to the growing crop
1t is judged by experts that about 80 per
cent of the cotton nufaCtOries machin-
cry is now employed, and yet the demand
for goods is strengthening. The demand
for wool has been almost wholly to needs
for orders in hand, and yet there is good
reason to look for better demand for
goods as soon IS the new season has open
ed, while with government contracts more
employed. even at this dull season. Sales
of wool have been only 3011, 200 pounds for
the week at the three chief markets, and
for the month 10,1 800 pounds against
pounds IA 1892. The decrease in sales
since the elimination of speculation in
February has been most remarkable.
The iron industry shows some decline In
prices, in BeSsemer pig at Pittsburg to
$10.25 and in grey forge to SO, with only
81 here and SIPS at Philadelphia for No.
week have been made from Birmingham
to Hamburg, Rotterdam, Great Britain,
Australia and Japan, though in the ag-
gregate not large; But contracts for r.
Chicago and pending contracts there for
structural work are estimated at p, coo
tons, while the demand for implement and
material is still beyond all precedent,
and in general it may be said that the
markets west of Philadelphia are remark
ably strong, with scarcely any Indication
of decline in the demand for finished pro-
ducts. Minor metals are quiet I'm
plates are shade weaker al $3.50 for full
weight American, the corresponding for
eign grades growing somewhat stronger.
the United States, against 241 last year,
and Is in Canada, against 80 last year.