The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-09-01

this fall that they are readily sell
ing their production ahead at relatively
low quotations, some of these in fact
being at bottom prices. On the the
hand, an offer of an order for 1900
tons for next years delivery has been
rejected, the claim being that present
quotations are too low and viii be ex-
ceeded in a month or so. Export in
ouiry for all classes OF material Is and
has been good. Bars, shapes and plates
note good domestic and export IN
TO 50 higher at Chicago. Southern iron
stocks of higher grades are reported
oversold at Birmingham.
.aro disappointing foreign advices and
the backward state of the spring de-
mand for cotton goods are to be attribu-
ted the shading in raw cotton this week
The spring season in mems wear WOOL
ems has been rather disappointing so
far. while the jobbing demand for dress
goods is quite favorable. Manufacture
ers are buying only enough raw wool to
cover orders for goods and prices are
weak at the lowest point reached"
r. G. Dun & Co.'S weekly review OF
sCommercial failures during August
were 735 in number, with liabilities of
81, 1923, 9O3. Manufacturing were ia, for
81. 945, 607; trading 519, for 1885, 67, and
other commercial AZ, for 1892, 629. There
were only two banks, with liabilities OF
STAG. coo. This is the best monthly state
ment for 1900 thus far, but shows an in
crease ONCA LAC
the two preceding years
aSteeI mills in the Cumberland district
and some in Indiana have shut down,
throwing many hands out, but part of
these viii be transferred to other de-
of the new crucible steel COM
pany. Otherwise the working force is
Increasing and hope is expressed of an
adjustment with the anthracite coal
miners. Reading company miners are
said to be opposed to a strike, and some
others are in the same position. Anoth-
err important influence of the week has
been favorable weather for development
of corn over the greater part of the sur
plus corn states, though heavy rains in
the spring wheat region have retarded
harvesting. The cotton movement Is
slow and late, but eathe conditions
average better, except in the Carolines-
Price changes are small.
STEADY Improvement is seen in the
iron market. 1t is not marked by large
advances, but wherever change occurs it
is in the right direction. 1t is claimed
by some authorities that orders current
ly booked aggregate more than produc-
ton and shipments Special concessions
to secure prospective business are with
drawn, and buyers seek contracts for
prompt delivery.
In some lines mills are actively en-
ployed with orders for months ahead,
and contracts running to June were
placed this week. Sales of iron bars were
made at $1.40, and SIS is quoted for
Bessemer pig at Pittsburg. Western
STOVE Observation-Disclosures nave DG6n Ruyl4lB
freely and more bridge builders signed
contracts for structural material.
Merchant steel advanced on increased
orders, while domesticc purchases of
cotton ties were large, although rather
late Copper exports average a million
pounds per day and the market is in
strong position. Iron ore handler have
made trouble at Cleveland and the in
dustry will be embarrassed by delay
in unloading vessels. Further reduction
is shown in the output at Connellsville
coke ovens.
1T is not possible to report progress
in the boot and shoe industry, unless it
can be considered encouraging that con-
tinued inactivity at the shops must in
time reduce stocks to a point where
orders will mean resumption of opera
tions. There is general quiet at both
cotton and wooden mills. The only man
ufacturers showing any interest in wool
at Boston are those with government
contracts that must be filed promptly.
Prices of wool are unchanged, and west
ern holders have not lost any of their
confidence. Sales at the three chief
eastern markets were only 4,234, 700
pounds, against 5,O62, 500 pounds in the
previous week, and 6,32S, 700 pounds a
year ago.
Failures for the week were IT'S in the
United States, against 141 last year, and
10 in Canada, against 25 last year."