The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-06-25
SUMNER QUIETUDE
Has Settled Down on Most Lines of
Trade.

New York, June 25.-Bradstreet's
says today:
Reflections of the advance stage of
the season are found in a perceptibIe
quoting down of distributive trade in
many parts of the country, ana accom-
panying this have been announcements
of the fixing of periods of annual shut
downs in many industrial lines, but
significant of the changed conditions
which now animate and control BUSH
ness, as compared with cores pOnding
periods in previous years, are the con-
t1nued large gains in the volume of
bank clearings over preceding years,
quite favorable reports from most of
the country's leading industries notably
iron and steel, in which next years
wage scales are being adjusted with I'M
exampled ease, comparatively heavy
exports of cereals and other products
from most of the leading ports, and
rather less than the usual shading of
prices common at this period of the
year as the result of the advance into
the midsummer period. Following the
decentralization in wheat prices have
come a more steady tone and the
growth of a feeling that perhaps the
bear movement in prices may be
overdone, as was the bull movement
which eliminated a month ago.
With the exception of a, rather spot
ted condition of the whole crop in diff
ferent states, chiefly as the result of too
much moisture, the crop situation in
the country as whole, has rather i'm
proved. Less is heard of extravagant
wheat crops, but the production of
crop of wheat in excess of all previous
totals is expected.
The iron situation while encouraging
as far as present business is concerned,
has not developed sufficiently to allow
of any very pronounced forecasts of
next seasons business. Concessions
made by employers, however, in this
line, would seem to indicate confidence
in a continuance of a large business at
least at prevailing prices, which, it
should not be forgotten, are in numer-
Gus instances higher than they were
a year ago.
The tone of cotton manufacturing has
quite perceptibly improved, this being
due, perhaps on one hand, to the plac-
ing of large amounts of bleached goods
at price concessions, and to the de-
velopment in some degree, of the de-
layed eastern demand for summer
fabrics. Less satisfaction is expressed
in the wooden goods trade, and business
here is classed as slow and Improbable
with raw wool rejecting dizziness in
manufacturing and in unchanged east
ern quotations.
Cereal exports are naturally enough
smaller than in recent weeks, but are
still in excess of preceding years Wheat
shipments for the week aggregate g.
49, 40 bushels, as against 1896, 900
bushels last week, but compared with
2,156, 900 bushels in this week year
ago, 2,2S3. 600 bushels in 1886, 1,946,O0O
bushels in 1895, and 1,975,0O0 bushels in
1894 Corn exports show very slight
falling off, aggregating for the week
{, 962, 521 bushels against 4,1O6,0O0 BUSH
els last week, 2,2S1, 5000 bushels a year
ago, / 1876, 900 bushels in 1896 and $4,000
bushels in 1895.
Business failures for the week in the
United States are about normal, num-
bering 22O, as compared with 207 last
week, 215 this week a year ago, us in
1896, and 215 in 1885.
Business failures in the dominion of |
Canada this week number 10, as COM
pared with 10 last week, II in this week
a year ago. 10 in 1896 and % in 1895.