The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-09-09
Extends Over the Entire Finan.
ciaI World, Says Dun.
Markets For American Products
Surprisingly Large.
THE WEST AND SOUTH
Bidding For Commercial Loans
In the East.
Prices Continue to Advance All
Along the Line.

New York. Sept. 9.-R. @. Dun q
Co. s Weekly Review of Trade says:
The sky is still cloudless and no dis
quieting change has come during the
week. In spite of more warlike news
about South Africa, the Bank of Eng
land behaves as if the worst possible
had been fully provided for and TINS
country has no reason to fear trouble
from that source unless EngIlsh mar
kets have so overloaded as TO heeu
help. The marketing of domestic pro-
ducts, both farm and manufacturer
continues surprisingly large for the
season. The new possessions taken 70
gether are returning in revenue al
ready more than it costs to clean anu
govern them The west and south sun
behave as if it would be impairment
for New York to offer money for crop
moving and are still bidding for com
meroial loans here. Failures are Few,
strikes scarce and readily settled and
the passage of September 1 without
pressure means reasonable safety LOT
months ahead.
bad accounts from Texas. The market
for goods is remarkably strong this
week, and previous prices are fully
sustained
After a sharp decline wheat has risen
a Il cent this week with Atlantic ex-
ports 966 bushels, flour included,
against 2,235, 100 bushels last year and
Pacific exports 1854, 256 bushels against
163, 1872 bushels last year.
Corn has also taken a start upward,
rising q cents, with exports of 3,O6l,-
$50 bushels, against 2.4S1,Os5 bushels
last year. So great a demand for both
grains deserves notice, but so do west
ern receipts, 5,945,697 bushels wheat.
against 6,774,611 bushels last year, and
of corn 1923, 437 bushels, against 4,2OS.-
352 bushels last year. There is no hesi-
fancy in selling or in shipping with ex-
traordinary foreign demands for the
season farmers are sending forward at
-Irra1NI
quantities of grain.
Neither philosophical explanations of
the rise in iron and steel nor constant
additions to the number of furnaces
producing, checks the advance, which
has made Bessemer pig steel sell for
$23 at Pittsburg, grey forge for $3.50
there, anthracite No. for $3.50 at
Philadelphia and local coke for $21 so
at Chicago. With the whole output of
it's furnaces sold ahead for the year,
the valley association demands $23. IS
at Pittsburg on future contracts, and
Chicago is selling mainly for delivery
next year. Finished products are ad
Vanced in some cases So per ton at a
time without checking the demand, as
for sheets at Pittsburg, with plates
advanced 50 and wire nails SO per ton,
large contracts even at these prices are
reported, many running into next year,
in Chicago and Pittsburg in bars and
in plates at all points, with 5000 tons
western and large eastern bridge con-
tracts taken by works four to five
months behind and inquiry for % miles
of pipe in South Africa pending.
Tin is strong at 361s cents for spot,
with 1856 tons decrease in all visible
supplies; lake copper is steady at 1872
cents with heavy buying for electrical
use and lead is quiet.
Preparations for other wooden COM
binations affect the market for goods
somewhat, which is nevertheless strong,
although some Irregularities have de-
Veloped in worsteds The wool market
is much less active than of late with
sales of only 1925, 200 pounds at the
chief markets, mostly territory, and
while prices are stiff manufacturers
are buying only for immediate needs
Quotations for the week are I'M
changed but holders are confidently
looking for a large advance to result
from the London sales.
Failures for the first week of Septem-
Der have been $715,560 against $1,111,-
593 last year; manufacturing S212. 288
against $224,602 last year, and trading
1886, 313 against $703, 991 last year
Failures for the week have been 1872
in the United States against 1874 last
year, and 80 in Canada against Is last