The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-09-24
NONE TO COMP Etc
American Iron Manufacturer
Are the Masters
And Can Undersell Any Other
In the World
CAN'T MEET DEMANDS
American. Bankers and Brokers
Are Also
Rapidly Getting the Upper Hand
In Financial Circles.
CAN'T MEET DEMANDS

New York, Sept. 24.-Bradstreet's
says:
Favorable trade developments mani
fest themselves chiefly along the lines
previously noted. The Importance of a
large export demand to the country's
domestic interests is illustrated by the
improved tone and prices of wheat and
flour this week, growing out of the bet
ter foreign buying induced by less ia
vorable Russian crop reports, smaller
shipments from that country and ap-
parently continued careful selling by
American producers. Raw cotton, on
the other hand reflects prOba bilitieS of
continued plentiful supply and rather
slow demand in quotations, lower than
the lowest point reached in the year of
depression, 1894, when a large yield was
cOincident with poor trade, industrial
troubles and tight money.
From the west and northwest adviceS
continue largely in the former cheerful
strain. Some relaxation in activity is
perceptible in some lines at large mar
kets but the volume of trade
whole is evidently equal to any previous
record. At the south low priced cotton
trade adversely, improvement in one
section being cOunterbalanced by less
favorable advices from others. Favor
able conditions on the Pacific coast are
most numerously reported in the states
of Oregon and Washington, COnserva-
tive management earlier in the year,
however, has resulted in fairly good
conditions in California, where crops
were less favorable than further north
and failures are down to a minimum.
At the east the least favorable reports
continue to come from the textile in
dustries.
Wool is quiet and manufacturers are
not encouraged to buy heavily in view
of the very moderate trade in wooden
goods. Cotton goods are in better dis
tributiOn but prices betray the unset
Ting influences of low prices for the
raw material and print cloths are
slightly weaker Activity in iron and
steel manufacture continues unabated
and similar conditions are reported
abroad. Talk of further moderate adj
vance in prices has increased, particu-
larry as this country today generally
speaking, is the cheapest market for
iron and steel in the world. The export
trade in pig iron at western points con-
tnues very heavy and another advance
of 25 cents is reported by some large
southern concerns.
Improved foreign demand for Amer
lean cereals is shown in the enlarged
volume of shipments this week. Wheat,
including flour, shipments aggregate
1891, 353 bushels. against 3,675, POI BUSH
els last week, 5.705.825 bushels in the
corresponding week of 1897; $3.50. ass
bushels in 1896; 3,151 9O7 bushels in 1895,
and 1852, 500 bushels in 1894. Since Ju-
~ 1, this year, exports of wheat aggre-
gate Al $50, 444 bushels, against So 80, 525
bushels last year. Corn exports for the
week aggregate 1926. 290 bushels, as
against 2,331OOO bushels last week; A.
O22, 142 bushels in this week one year
ago; 2.61O,479 bushels in 1895; 1850, 325
bushels in 1895, and 1O4, 900 bushels in
1894. Since July 1 this year corn ex-
ports aggregate 81, 365, 165 bushels,
against 38, 399, 991 bushels during the
same period of 1897
Business failures in the United States
for the week number 182 against 173
last week, but compared with 237 in the
week a year ago; 321 in 1896; 1913 in 1895
and 204 in 1894. Business failures in the
Dominion of Canada number 10 against
20 last week, 35 in this week one year
ago, and "a in 1896.
nrrrsC