The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-03-31
BETTER THINGS AHEAD.
Dun & Co Says Progress in That Di-
rection is Unmistakable.


New York. March SIR G. Dun &
Cos Weekly Review OF Trade says:
Progress toward better things has
been unmistakable. It was a year ago
that the frenzied speculation in indus
trial stocks reached its elimination
with prices averaging higher than at
any time since. while railroad stocks,
after some decline. rose Sis per share
higher in September and after the fall
in both which ended in December have
now risen IS So per share to the highest
point of this year. The advance during
the past week has been remarkably
vigorous and with more public support
than before
Wheat exports fall far below last
years, amounting in the week TO 9, 1885,
S91 bushels. against 1906, $50 bushels
last year The price has advanced "a
cents, with statements that the crop OF
France is greatly reduced, though it is
rather early to make any such estimate.
The exports of corn again prove the
magnitude of foreign demand for
cereals, as the extraordinary movement
of last year is closely approached, H.
794,ST5 bushels having gone abroad in
four weeks, against 13.102.S11 bushels
last year. The western receipts are
nearly three times as large as in the
same week last year. Indicating an
abundant supply on hand, but the price
has risen IL cents.
Cotton has declined Il cent this week
but supplies are so small and easily
controlled that the future can not well
be predicted. Foreign needs TO eontin-
lie consumption until the end of the
crop year are not now large, but must
be supplied from the decreasing stocks
here.
The demand for cotton goods is fair
for some needs, but the tone is weaker
for future deliveries, and some reSaleS
by spectators and converterS have
been made at concessions The export
demand for heavy brown cotton is slow
and print cloths have been held at Fall
River for several weeks without a sale.
Wool has declined fully one cent on
the average of revised quotations and
more for fleece and fine or fine medium
territory, which sells at SO cents clean,
with medium clothing at 80 cents The
goods market is quiet, and orders are
limited and outside the favorites prices
are irregular with five per cent de-
cline in some medium Woolens and fine
Worsteds.
seIner pig. which is held at S24 a. Pitts
/ burg, in spite Of small sales of eastern
at lower figures. Anthracite No. 1 has
sold little above S25 and basic at S22. so
with eastern forge offered at $50. so at
Pittsburg.
Unfinished products no further change
appears except in refined bars. which
sell in large orders close to two cents
selling at two cents or less at both
markets. Better prices are expected
from the consolidation in sheets But
| it Will not be easy nor in the end profit
/ able to hold prices after supplies so Tar
exceed demand that material can be
bought at lower cost.
The advance of one cent in henllock
sole leather has led tosome heavy trans
! actions though in fact but a restora-
| ton of prices paid in January. It re-
| StrictS orders for boots and shoes. which
are small although shipments continue
/ about I per cent larger than last year
| for March. exceeding those of Other
| years still more. Hides at Chicago con-
tinue to decline though slowly. Trans
actions through clearing houses show
| a much smaller volume of business thar
a year ago, the daily average for March
| being 14.3 per cent smaller than last
| year but 34.4 per cent larger than il
| 1898.
Failures for the week have been 20;
| in the United States against 1874 last
| year, and SO in Canada, against 26 last
year.