The Topeka state journal., 1901-07-20
FEELING OF ANXIETY.
Has a Tendency to Slightly Re-
tard Business in Some Lines.

New York, July 20.-R. q. Dun & Co.
Weekly Review of Trade says:
Anxiety regarding unfavorabie possi-
bilities in the future. rather than any
actual present misfortune, depressed
securities and caused cancellation Of
some orders for merchandise by vest
ern dealers. Retail distribution of
goods will not be curtailed by the labor
controversy unless 1t is of long dura-
tion, as the men have saved money
during the recent period of full en-
ployment at high wages. Similarly, in
some agricultural districts where there
is fear that little corn will be harvested,
preceding bumper crops at good prices
have put farmers in such prosperous
condition that their purchases will not
fall off materially, while the greatest
crop of wheat on record has not brought
a return to the low prices of previous
heavy yields.
Beyond advancing prices of steel
sheets and depressing the market for
tin, quotations have not been affected
by the strike OF the Analgamated as
ISOLATION. Pig iron furnaces are not
disturbed. although record production
will bring accumulation of stocks, II
the rolling mills are kept idle for any
length of time In the branches not
directly concerned there is no change
of conditions, orders frequently running
months ahead. An early settlement is
confidently expected and there is much
relief over the general collapse of the
machinists' strike. In the anthracite
coal regions work has also been inter-
rupted, but the recent exceptionally
heavy output assures abundant stocks
for some time.
Woolen mills are generally more ac-
tive than at any time this year. orders
of heavy weight goods arriving in large
numbers. The light weight season win
soon open, and although it is expected
that concessions from 5 to 10 per cent
from last years prices will be made.
there is prospect Of profitable opera
tion unless the raw material should ad-
vance. Some uncertainty is seen in the
wool market sellers, making futile er-
forts to secure better terms, and ulti-
mately accepting bids at former fig
ures. The tone is distinctly flrmer and
stocks at mills and in warehouses. de-
crease.
There was a decline in cotton below
81 cents followed by slight recovery
as news from plantations failed to
showed the desired Improvement For
eign consumption is light, judged by
reduced exports, and portions of the
old crops are still liberal. There are
oasing elements that keep prices 6 per
cent below last year.
Stability of prices seems assured in
the footwear industry. The firm tone
is sustained by the steadiness OF
leather and buyers are NOT seeking
concessions. Factories are running on
full time, with orders on hand for |
months ahead. Fall orders arrive
freely, and many New England pro-
ducerS refuse new contracts unless |
allowed to make deliveries at their own |
conveniences.
Limited supplies of leather make the |
market very firm Hides are fairly /
active and stick with some grades at |
OF the increase of cattle because of 1
drouth. but in the long run this should /
be a supporting factor, as later ar
alent decrease.
Calmer counsel prevailed in the grain |
markets, exaggerated dispatches were /
discounted and variations in quota
tions were less extensive. After a Sc
we're break from the best price last !
Friday wheat steadily advanced as the
feeling became general that foreign
requirements would bring a new rec
ora Tor exports, possibly exceeding
250, ,000, 900 bushels Some OF the heavy
crop IA ay also be used for fodder in
sections whore corn is destroyed These
terror receipts for the week of $780,
~ bushels against only 4,332, ,253 last
year. Atlantic exports show a large
gain over last years figures for the
week amounting to 3,903.775 bushels
against l,e41. .S6l a year ago.
After some reaction corn recovered
most of the loss, and holders showed
heir confidence in values by market
ng only 1881, ,94z bushels for the week,
against 4.z16153 bushels a year ago,
although the high price was distinctly
effected IN Atlantic shipments of only
-.176,9s2 bushels against sse1, ,zs6 in
800.
Failures for the week numbered 1873
n the United States against 231 last
rear. and 20 in Canada against ~ last
rear.
Itchiness Of the skin. horrible plague.