The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-10-22
A SCRAMBLE FOR GOLD.
European Nations Trying to Avoid
Supplying United States Demands.


Supplying United States Demands
New York. Oct Pr. G. Dun & Co.'S
Weekly Review of Trade says;
With growing foreign demand for Amer
lean products, exchange is influenced
mainly by political uncertainties abroad.
While Europe awaits the outcome between
England and France about the upper Nile,
the financiers of all European countries
are trying to force upon one another the
burden of providing cash for the enormous
demands Of the United States. England
has so managed as to make France and
RESULTING war Of exchange between for
eign nations checks for the moment the
and all other causes do not so far hinder
business as to prevent an excess over the
exchanges through all clearing houses for
the past week have been 6 per cent larger
in 1892, but outside of New york for the
week transactions were smaller than in
The outgo of wheat staggers all prophets
of disasters, but while the price has ad-
have been much greater but for the feel
ing that the enormous foreign demand
have been for the past week, 3, 1853 536 bush
els from Atlantic ports against 5,9 s1
bushels last year, and 923zl8 OushelS from
Pacific ports, against 20, 9l4 bushels ne So iast
busheIs, against l4,ZzI, $50 busheIs last year
Without doubt many western farmers are
still holding back their wheat. and yet the
receipts chief western points have been
in three weeks 30592, 494 bushels against
q 10 SUl bushels last year. II Is SlSnlIl-
after foreign crops. officially reported as
fairly large, have been almost everywhere
harvested.
The corn exports continue large, 1854, AL
bushels. against $50, ST bushels last year,
and I,O0IOO9 buShelS for the three weeks,
against 1914. 764 bushels last year, and al
though it is the bottom point Of the year
for corn. prices have risen nearly IA cents
during the week
While cotton spfnners are said to have
agreed upon a selling agency and cur
tailment of production. there is a better
demand for staple goods and prospect of
a better demand in future In wooden
goods also there has been a marked i'm
proVement during the past week, and bet
ter sales, with extensive inquiry. TIL IS
reflected in the large transactions in the
wool market, sales having amounted for
the past week to Asst. 400 pounds, of which
2 ia, 400 were domestic, ma king for the past
three weeks 10, $50, 100 pounds, against 81
1852 100 pounds for the same week last year.
20, 765 500 pounds for the same week in 1896
and 19. 4S1, $50 pounds for the same week in
1892. Sales in Boston have been the largest
for nearly two months. but al some con-
cesslons in price, which are not reported
IN published quotations With no orders
as yet for the next season. the manufac-
turers are altogether encouraged by the
increase and have reason to believe that
the expected demand has set in, but there
IS vet the fact that the current demand
IS largely for low priced goods.
There is much hesitation in the iron and
steel trade partly because the outcome of
the various commissions in bessemer o g,
steel rails, bars. wire nails and the like
can not yet be definitely anticipated. If
general buying was expected to result
from these movements it has not aDDeared
thus 1ar- I ct prices of domestic products
nave not declined, and although the tone
is somewhat weaker for bars and plates
quota tons are in part sustained by con-
siderable orders for export. The plate