The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-07-22
Business Boom Still Goes Roll
ing On.
Failures the Smallest Ever
known For the Season.
CLEARINGS LARGEST.
Everything In the Iron Trade
Continues to Advance.
Works Are Forced to Refuse
Many Orders.

New York, July PR. G. Dun & Co.
in their Weekly Review of Trade today
say:
Optimism is always popular, but more
than half the time dangerous. Seven
years of hating and reaction historic
ally follow three of rapid progress. But
the three of progress have not yet
passed, and the most cautious search
discloses no sign of hating. Foreign
anxieties have been well but they seem
to be passing, and Europe has begun
paying literally for more food without
expectation that securities can be sent
in settlement. The extensive labor
strikes have vanished and the local
troubles affect national business.
Fears of new and powerful corpora
lions lessen as it is found that they
are controlled by the same laws when
govern the small companies. Above all
the general evidence of prosperity con-
tinues convincing, failures are the
smallest ever known for the season
Railway earnings the largest and SOL
vent payments through clearing houses
in July have been 1876 per cent larger
than last year and 62.3 per cent larger
than in 1892, the best previous years.
Official returns of the most WOnderful
year in the nations commerce snow q
decrease of $50, 800, 900 in value or the
great staples exported, largely owing
to prices, but an increase of about $780,
600 600 in other exports, mostly manu-
features. Fear of deficient crops has
been buried under western receipts
from farms amounting to 13, SCI. 046
bushels wheat for the month thus far
against 3,773,10S last year, and 15,29S,63o
bushels corn, against 6,6l2,3l5 bushelS
last year. Exports OF wheat, AtIantlc
and Pacific have been 7,709, 1913 bushels
during the month thus far, against T.
399 259 bushels last year, and OF corn
1908, O41 bushels, against 5.09l,S47 bush
els last year.
Prices declined sharply. with assur-
ance of ample supplies, wheat 3 cents
and corn "a cents, which is the more
heavy exports of both. Cotton also is
going abroad largely, though the price
remains 619 cents.
Pig iron has not advanced this week,
but advances have occurred in finished
products, steel rails to $50 at Pittsburg.
billets $34, sheet bars to $3.50, sheets to
cents at Pittsburg, and cut and wire
nails both SO per ton.
The American Tin Plate company set
tied with its hands by granting Is per
cent more wages and raised the price
of plates so cents per box Still works
have to refuse many orders. In plates
one large order for shipment to the
Clyde was received in bars less urgency
of demand appears in the east, but in
sheets works are about filed for the
year and in structural shapes, besides
$500 tons for bridges and 1,200fOr build
ings at Chicago, a proposal is reported
for 5000 tons to build palace for the
Coke is unchanged in price and likely
to break the record for production this
month. Tin is lifted to $3.50 by wild
speculation, copper is firm at 1872 cents
and lead is said to be sold by the smelt-
ing companies below $3.50, the quoted
price.
Wool is still advancing, Coates Broth
ers' circular for the 18th showing a rise
of PIG cents since May Is, speculation
being particularly active in fine wool,
because it is rising abroad, though in
less demand for manufacture here than
eombing and medium grades. At the
three markets 50 956,100 pounds have
been sold in three weeks, against 34,-
124. 700 pounds in the same weeks of
1897, before the present tariff was
enacted.
Manufacturers do not appear to be
buying largely, though the demand for
goods is better and has caused an adj
vance in clays and some other kinds.
Cotton goods are unchanged but fairly
steady.
Leather is in good demand and slight
Ny higher and hides at Chicago rise
slightly with limited receipts.
Failures for the week have been 145
in the United States against 2O7 last