The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-01-26
NO DULL SEASON.
Business in Nearly All Lines Has
Started OF With a Boom.

Started on With Boom
New York, Jan. e6.-R g. Dun q
Cos Weekly Review of Trade says:
Rarely has there been more business
In staples and in manufactured goous
at practically unchanged prices than
during the period since November l.
This week seems to have marked Lne
climax OF the enormous dealings az 1lg-
ures which have become 1arnlilar. ne
trade in pig iron at better prices the
larger distribution Of dry goods az a
firner range Of quotations and the rush
to secure prompt delivery OF boots ana
shoes, all Indicate tnat Dus5llss .l,,1s
have escaped those weary reaa 1ust1nents
Of prices which have proved often SO
trying in recent years.
Jobbing trade in the interior Is GOOD
and collections continue excellent
Bank clearings at New York gain 5Z-l
per cent over 1900 and 1.3 per cent over
1899 for the week. while at leading cities
outside OF New York there is a gain Of
go per cent over 1900 and S.4 per cent
over 1899. Railroad earnings thus tar
reported for January show a gain OF Ia
per cent over last year and z4.6 per cent
over 1899.
After a week OF quietness partly due
to uncertainty regarding competition
among leading interests the iron ana
steel industry has taken another long
stride forward The feature was enOr-
nous buying OF pig iron at an advance
to 1925 at PittSburg. This sudden ac-
tivfty in the raw material removed rear
that stocks might be accommodating AT
furnaces and gave some IDEA OF the
heavy contracts for finished products
taken by the mills. In some directions
there is less foreign inquiry, although
an unusually heavy shipment or blltets
went to Glasgow and exports Of rails
have not ceased. Freight rates to the
seacoast are still considered excessive
by manufacturers and there IS more IN
clination to push domestic business on
this account Arbitration Is expected to
prevent suspension of work at the fur-
naces, where a strike was threatened
ON February l. Pooling Of coke IN
terests outside the Connellsville region
is being discussed, but the quality has
always been inferior and sales only eI-
fected at concessions
Further Importance is seen in the fact
that footwear manufacturers are
receiving ample orders Shipments from
Boston for the year thus far amount to
1886. 422 cases. against $780, 1886 in 1900, which
is a much better showing than in recent
months. Leather has been irregular in
demand although prices are steady
Hides at Chicago ductuated widely with
more grades sold at concessions than
advances.
1t is difficult to fnd encouraging fea-
lures in the wool situation. Sales for
the week at the chief eastern cities were
a million pounds smaller than in the
preceding week and in four weeks the
aggregate is only Is 275, 700 pounds.
against q, so, 700 pounds last year. Not
only is there an utter absence of specu-
latiVe operations, but purchases by man.
ufacturers are restricted to require
ments for orders on hand. Domestic
quotations have not hardened in sympa-
thy with the better prices obtained at
London while a few sales are reported
at moderate concessions. Hopes for the
future are based on indifference Of deal
ers and growers to sell at current prices,
but present heavy stocks viii be aug
mented in a few months by the new
clip. Dizziness in woollen goods is the
difficulty, and while the manufactures
is depressed there is little encourage
ment for the raw material.
Staple products have moved within
narrow limits, little attention being Civ
en- to widely varying statements from
Argentine or reports of damage from
the northwest through insufficient snow
Despite the advance in prices over those
prevailing a year ago, exports of wheat,
including flour, from Atlantic ports for
the week were 2.568, S19 bushels, against
1,644,149 last year. and Of corn 3,474,of4
bushels, against 1907 6O7 in 1900 West
ern receipts Of corn were heavy, amount
ing to 4,315,450 bushels, against 2, 81, 035
last year, but there is complaint Of poor
quality Gotten maintained the adj
vance above 10 cents, but port receipts
did not fall off as predicted and final re-
turns Of British exports of yarn in 1900
proved to be so per cent smaller than in
1899, while the reduction amounted to
400,000.O00 yards
Failures for the week were 3O6 in the
United States, against 80. last year and
46 in Canada. against 38 last year.