The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-11-04
TURN To US.
English Investors Look to
American Securities
For Safe Investment In Time
of War.
WHEAT EXPORTS FALL
While Foreign Corn Shipments
Show an Increase.
Cotton and Wool Markets are
Booming.
WHEAT EXPORTS FALL

New York. Nov. Ar G. Dun g. cos
Weekly Review of Trade says;
British disasters in South Africa have
bronpht to view something besides the
steady self-reliance of the English peo-
pie that they hold not many American
securities to be dislOdged In any Iliile
of alarm. but are inclined to take more
when money looks for safe investment
A little decline of q cent in wheat
and IL cent in corn does not hl1oer
exports, though it is some evidence that
growers think they have ample sup
Niles Atlantic exports of wheat for the
ave weeks have been, flour included,
Is $50. 500 bushels against 1S,1S2,651 last
wear and Pacific exports 2, rs, Dol puSh-
els against 8, 917, 434 bushels last year.
Western receipts of wheat have con-
tinued heavy, but have not rivalled last
years extraordinary outpourlng,
amounting to only 81, 1855, 087 bushels IN
five weeks, against 1880, 1891 bushels
last year, but western corn receipts run
ahead of last years in the same weeks
and the exports have been 1S,64SO4
bushels, against 11.55S.15 bushels last
year.
The enormous sales of wool at Bos-
ton, q, 557, 500 pounds reported, making
25, 36S, 700 pounds at the three chief mar
kets for the week, are extremely i'm
pOrtant.
That not all are for consumption, as
the trade is naturally tempted to be-
lieVe may be true, and yet actual pur-
chases by the mills of half that guam
tity would imply extraordinarily en-
coura cement respecting the demand for
wooden goods. The prices have been
generally advanced to an average
scarcely below that of May, 1892, and
for Ohio washed, light and dark I'M
washed, and pulled wool slightly high
err. Expectation of higher prices at
London prompt such speculative buy
hut Z do
is also undeniably encouraging. Cotton
manufactures have also been i'll great
demand with prices constantly rising,
so that with middling uplands at 756
cents goods are relatively nearer in
price than they have been since October
1, but whether they will advance much
farther depends upon the correctness of
current estimates of the forthcoming
crop.
Prices of pig iron for early deliveries
are still advancing, but as a great part
of the demand has protected itself by
contracts running far into next year,
including purchases of so. 900 tons besse-
mer this week at 500. so, and as bilIets
are quoted at $3.50 for spot but S35 for
next year, the market can be interpre-
ted several ways Anthracite pig is
also quoted at $24. so for early delivery
But no finished products have advanced
during the past week excepting refined
bars, which the eastern association has
put up 81 per ton. More weakness an
pears in some lines, of which the works
have not orders running far ahead.
But 1t is claimed that 1900, 900 tons of
rails, 80 per cent of the entire capacity
has been sold for next year. Tin is
weaker at S30.5O and lake copper II
cents. while spelter is offered at 4.85
cents.
Dealers are refusing to pay the higher
prices asked by manufacturers of boots
ana SHOES to such an extent that flu
ture orders are somewhat restricted.
Yet the October shipments were 473. 722
cases. against 415,250 last year, an in
crease Of II per cent, and 1867, 939 in the
same week of 1892. an increase of nearly
80 per cent. Considerable irregularitv
appears In the relation between demand
ana supply with rather more general
hesitancy in buying on the part of
dealers in wooden goods Hides and
Ieather remain strong, packers having
their supplies being sold four to siT
weeks ahead - S1A