The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-07-09
IRON LEADS.
Makes the Best Showing of All In
dustries at Present.


New York, July 9.-R. C. Dun & Co.'S
Weekly Review of Trade says:
The usual half yearly statement of fail
ures by branches of business is peculiarly
Interesting because it shows that war and
fears of war have not caused an increase
ly large and general decrease in trading
defaults would without doubt be accom-
panied by corresponding returns as to
manufa curing. but for excessive expan-
sion in some lines, and the helpless con
other branches Failures during the sec
ond quarter have been smaller than in
in trading and in manufacturing; smaller
than in the same quarter OF any year eX-
The fiscal year has ended with fraction
al results shade beyond general eXpec-
increase revenue, not seriously disturbing
business in any line; No reason yet ap-
will fall below expectations.
Criticism of crop estimates is the less
needful because the best authorities all
agree that supplies for the, coming year
promise to greatly exceed home require
ments and a full export demand, though
for a month or two yet Europe may re-
quire much more than usual This will
help to sustain the market while the ear
Iler receipts are coming forward and
prices will then be determined largely by
the outlook for crops abroad. which is
not as yet entirely encouraging. Wheat
has reflected but little the improved pros
pect, advancing from 50 to 80 cents for
spot. reggardless Of the usual stories Of
reports being apparently distrusted by the
Inc cotton crop looks better ana the
prospect is reflected in a decline Of a six
tenth in the spot price. The manufac-
employed, much more 50 than usual dur
ing vacation season, and the demand for
goous IS sotneWhat improving. ABROAD
the state OF manufacture does not en-
courage hopes of an extra ordinary de-
mand Tor the raw MATERIAL While the
stocks held by milIers are known TO be
unusually large The south is increas-
ing the manufacture rapidly and not en-
tirely in place of northern mills. There
is no disheartenment in other textile man
ufactures and business is good and grow
ing in silks, bagging, hemp products and
The manufacture of wool hesitates,
though a distinctly better demand has APP
peared during the past ten days, because
prices at which western wool is held are
TOO nigh Tor eastern markets and appar-
emily too high for profitable manufac ture.
Sales for the week at the three chief mar
which 2 29o 800 pounds We're domestic,
$50 We're domestic, and 6,1l9,35O pounds in
the same week of 1892, of which 1851 600
for territory and Australian wool in
blocks, but the manufacturers are very
cautious in purchasing, although there is
every evidence of a great consuming de-
with reasonably cheap material, can sup
ply. 1t is for them open question
whether they can meet it if they ha v to
pay such prices as are asked by western
holders
dustry with the bold statement that it
is using up more iron, even a the slowest
point OF the year, than ever before 1t
is getting bigger domestic contracts for
agricultural implements and car .materi-
ais, and also for structural work. than
in any previous year, but aspect lily for
plates. the demand for which OF te over
runs the capacity of all the works and
not mainly on government account. Never
theless, the demand has not pushed prices
of material upward, for this is the waiting
and lighting period. and the producers of
pig and Of billets have yet some problems
to settle between themselves. Meanwhile
no fall in prices appears, but a better de-
mand for products, with every expectation
that within two weeks the producing ca
pacity of the works will be much more
fully employed than for six months.
Failures for the week have been 229 in
the United States against 216 last year,
and Il in Canada against 30 last year.