The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-04-30
GREAT YEAR FOR ROADS.
Railroads Business is Far Ahead of
1892

1892.
New York, April 30.-R. G. Dun & Coz
Weekly Review of Trade says:
Hosti1ities have not as yet changed last
weeks conditions There is much post
ponement of orders by men who do not
know what they are waiting for and much
restriction of loans by banks which are
ahundantly strong. All this checks new
tions through clearing houses is per cent
larger than in the same week of 1892, with
would be much larger but for speculative
StagnatiOn here. New York clearings be-
ing 81 per cent smaller than in 1892 Rail-
roads are doing great business. 81 per
cent larger than in 1892 in April earnings
thus far and 1873 larger than last year
Many have been asserting about eveRy
day for the past two weeks that the
wheat specula ton has eliminated. but the
price has in that time advanced PIP cents.
81 cents within the past week Receipts
of 2.T46.590 bushels at the west this week
10000 bushels per week for January. Feb
ruary and March, show no exhaustion of
supplies. While exports amounting to g.
704.6I5 bushels from Atlantic ports. against
643,1IS bushels last year and 7S6.O18 from
Pacific ports. against 1864 last year, flour
the four weeks L, 093. 76S from Atlantic and
crop Year thus far $50. 651 SIS SIS bEsbe eIe
against 12I,15S. 6S4 bushels during the same
months last year
Corn exports for the week were SITS, go
bushels. against p 250.207 last year. This
makes about 15100o.OOO for the crop year
No such foreign demand for both grains
has ever been known, and it does not
seem to be satiated a all as yet.
Confusing accounts about the great in
dustries cannot cause surprise in view of
the contra dictory influence of monetary
stringency. .curtailing many orders, heavy
orders by the government in many
branches, and all pervading confidence
that after temporary conditions have
passed business is going to be better. The
great quantities of supplies clothes shoes
copper wire and iron for vessels and arm
ament. and the purchase of many ships
compels building of other vessels
a ha ina %fv17n i
stopping work in some iron and wooden
mills. yet confidence as to future business
long time the holding of wool above its
current manufacture value and a marked
is still the greatest ever known, though
many structural and car contracts have
eastern inquiries for plate at Chicago and
a general advance of & per ton. with re-
1-is - N1--A ~ III AJIC4lICAIt AllfiAeIS az
Chlcago for bar iron, because high prices
in the future are expected and eastern
buying. Of bars from Chicago for car build
ing, Win a shade lower prices at Pitts
burg and besSemer pig. and because the
associated producers hold to agreed prices.
9Itnoush mlddiemen are selling at lower
figures In spite of any agreement by
the foundrymen and forge producers. the
price of grey forge al Pittsburg slightly
declines Considerable orders for steel
rails for export have been received during
the week. With but two or three structural
orders of consequence the works are fully
employed for months to come.
by some government contracts, a little
better outside demand and the temporary
advance in raw cotton TO 64 although
the price has since declined again TO 6.37
Supplies have been larger in some pre-
v1ous years than they are now, and yet
are enormous, and the demand for goods
Is still hindered by the great stocks in
sight or reported Wooden manufactures
are doing rather better. large government
orders helping. Sales of wool are about
a sixth Of last years for April. half of
those IN 1895 and a third of sales in 1892,
try holders are sticking for higher prices
Failures for the week have been 262 in
the United States, against 237 last year
and 16 in Canada. against 70 last vear