The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-08-24
SELLERS ON TOP.
Dun's Review Says They Have
Advantage Of the Buyers.

New York Aug. Par. G. Dun & Co. s
weekly review Of trade says:
Though there are some drawbacks.
notably the labor troubles in the iron
and steel industries, business is of well
sustained volume. to which fact pay
ments through the country's clearing
houses, railroad earnings and the
strength of prices of staple and partly
manufactured merchandise offer ample
testimony.
Except in certain branches of the
textile markets, sellers of merchandise
have an advantage over buyers, and
distribution is as large as stocks viii
permit.
The Amalgamated Association of
Iron, Steel and Tin Plate Workers sue
ceeded in enlisting the sympathy of
other workmen. with the result that the
output of merchant bar and wire rod
is curtailed to the extent of about 10000
tons monthly Beyond this detection,
wage earners in allied branches of the
steel industry have refused to break
their contracts. Many idle mills re-
Sumed work during the past week and
even in the tin plate region there is
moderate output. Plates have begun
to arrive from abroad and prices in the
London market sharply advanced. Hoop
and sheet mills increase productions
daily, and there is no loss in the rail
division, but some anxiety is felt re-
garding supplies of cotton ties as the
picking season has begun in many
states.
Exceptional activity is still the rule
at shoe shops and promises to continue
for some months. One of the best signs
is the evidence that little summer
stocks will have to be carried. Sole
leather continues remarkably strong,
union backs gaining another cent
while there is a splendid demand for
hemlock both for domestic use and ex-
T1n1f Ixrx
is much higher. Hides are without
change in price and selling freely
Slightly better terms asked for staple
wooden and WOrsted goods in no way
diminished the volume of sales, and the
light weight season promises to be one
of activity. In heavy weights there is
also noticed greater interest on the
part OF the buyers than IS customary
at this late date. These improved con-
ditiOnS in the manufact ure give a tone
to raw wool despite the heavy arrivals
at eastern markets of the new clip.
After a season of dullness at eight
cents a pound, cotton suddenly devel-
Oped considera BILE animation and
strength. The chief influence was I'M
satisfactory weather, although there
was also aid in the speculative market
from covering of the large short in
terest outstanding. Liverpool respond
ed to better prices here. There was
further support in the failure of any
agreement regarding wage reduction a
Fall River, as strike would assured
~ have followed and consumption of
the raw material been curtaiIed. De-
cided interest is shown in fall goods,
the fall trade being well occupied. In
lines exported to China there is a fair
movement.
Grain quotations eased off somewhat
during the week though the net de-
cline was small. Corn is still close to
the highest price since 1892, even with a
host of important influences anirDating
such inflated figures. Weather cOndi-
lions steadily improve, making the out
look bright for late planted corn.
Foreign customers have been driven
away by exOrbitant prices to the ben
eft of Russia and Argentine, and At
Iantic exports for the week aggregated
only l ,S62 $50 bushels, against z 1886 548
bushels last year, and II, 720026 bushels
two years ago. Meanwhile interior re-
ceipts steadily exceed those of a year
ago, indicating that farmers have large
stocks carried over from previous ex-
cessfVe yields. Nevertheless, prices re-
main above so cents. The slight reac-
ton in which is explained by the de-
crease in Atlantic shipments to 1893 735
bushels, against 1852. S26 bushels in the
previous week. compared with the ex-
ports of 1,670,Sl7 bushels last year and
2,7S9, 1857 bushels two years ago, how
ever, there appears a phenomenal gain
Pacific exports are still retarded by Ia
Dor troubles, and the movement will be
striking once started.
Failures for the week number EOS in
and 35 in Canada against 20 last year.