The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-11-05
IRRESISTIBLE.
Not Even the Uncertainty of the
Election Results
Has Served to Check Trade Ac-
tivity This Year.
VOLUME OF BUSINESS
Through the Banks Larger
Than Last Year.
Cotton Again Reaches Lowest
Point Ever Recorded.
VOLUME OF BUSINESS

New York, Nov. 5.-R. G. Dun &
Co.'S Weekly Review OF Trade says:
Not even the election has disturbed
business or industries on the financial
side this week. Although many are
doubtless waiting the votes before Dor
rowing, the volume of business through
clearing houses is S.5 per cent larger
than last year and 1.54 per cent larger
than in 1892. While political doubts
may count for much, they can only have
prevented a growth of business which
might have been much more than has
been realized.
Failure returns for October are cur
iously puzzling because while the small
failures compare remarkably well with
those of previous years, and also the
failures of 100000 or more in about
two-thirds of the business classes, there
were large failures in a few branches
not greatly due to present business con-
dltlOnS which made the aggregate $14,-
100000 but neither the Sawyer wooden
failures nor others excepting, perhaps,
some in machinery and boots and shoes
and leather, in difficulties beyond those
of the particular concerns failing.
Neither the volume Of business nor
the value of manufactured products di-
minlSheS. While bessemer pig is sold
against the combination at Pittsburg 10
cents lower with other iron there and
elsewhere steady, the general demand
crowds closely on the heels of produc-
ton. Btllets and steel bars, owing to
prospects regarding combinations are
shade lower and prices of steel rails
have been Withdrawn because reports
promise single corporation to handle
all the rail reproduction, 1900, 900 to O.
100000 tons yearly; but plates are sup
ported by heavy railroad demands at
Chicago and at Philadelphia for ship
yards; the bar mills are crowded at all
western works with steel preferred to
n n 10 esA-T
ders. are very satisfactory and pipe
works at Chicago are far behind on de-
ltveries while sheets there are strong
London has hOiSted the speculative
price of tin and Of copper but they
closed at 1915 and 1919 cents higher with
lead weaker at 1855 cents and tin plates
practically unchanged.
Wool holders at Boston have discov-
cred the falsity of reports which they
have long believed about the available
stocks in this country and have begun
selling largely at concessions said to be
several cents per pound The weeks
sales at three chief markets are 1921
400 pounds against s, 957, 902 pounds last
year and 1861 500 pounds in 1896 but
only S,215,000 pounds in 1892 The cheer
ing fact is that the large manufacturers
are now buying, with confidence that
at some reduction in the cost of mater
ial the business will pay. Demands for
goods have been somewhat better with
out any decline in prices during the past
week, nor any disposition to advance
prices Inc cotton mills are helped a
little by the combination to restrict
production about Fall River.
Cotton is again at the lowest point
ever known, 5.31 cents for spot while
Mr.. Nein estimates crop of IL SOC, 900
bales besides large stocks brought over
here and abroad.
Wheat exports continue very large,
amounting to 4,699.576 bushels from At
lanttc ports, flour included, against B.
PSF. 536 last year and 1903 1888 from Pa
cific ports against 1892, 252 last year,
! but the heavy exports have been much
more than made up here by western re-
ceipts of 9,430, 092 bushels against 760O-
993 last year and prices have not chang
ed materially.
Corn goes abroad largely, 3,O11, Os5
bushels during the week against / $40 :
944 bushels last year and prices are well
held.
Failures for the week have been 1914
in the United States against 276 last
year and % in Canada against 80 last
year.