The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-09-28
NORMAL CONDITIONS.
They Have Been Fully Restored in
Distribution of Merchandise.

New York, Sept 1S.-R. G. Dun Co. 5
Review of Trade says:
Normal conditions have been fully re-
stored in the distribution of merchan-
disc, the placing of delayed orders
sim uIatlng the few lines that appeared
TO halt One of the most gratifying
features of the business situation is the
pronounced preference Cor the better
grades of goods, clearly indicating the
improved financial condition of con-
sumers.
Resumption of work has progressed
rapidly in the steel industry since the
settlement of the labor controversy and
there is little discord between employer
and employed in other lines. Stability
of prices, without imitation, is the rule
except where the unusual size of crops
introduces a special factor. Steel pro-
duct1on IS now progressing at nearly
the average rate. Higher prices are
quoted for both steel and iron bars.
steel billets and some other shapes. In
pig iron there was the greatest activity
since the strike began. most brands
reaching higher prices. Sales of Sc, 900
tons BeSsemer at valley furnaces were
reported Other large orders were IN
der negotiations, and producers look
for a raising market. A record breaking
output of steel rails is practically as
sured for 1902 and the year will open
with an unparalleled volume of business
on the books Plates and structural
The market for footwear is still on a
strong basis.
Leather and hides still reflect the
heavy demand for finished products.
and exports of leather are also a sus-
tanning feature. Textile linens We're
we'll enga ged as a rule, much better
news being received from cotton spin
ners at the north, and southern mills
are busy. Wool is quiet but firm.
Investigation of the cotton situation
extremely uncertain state of affairs. At
many points the crop is beyond danger
as far as frost is concerned while on
some plantations this is the only factor
that can prevent an increase over the
previous years yield. There is not
doubt regarding the extensive losses
sustained in Texas, but the tenor of re-
ports from Atlantic states promise to
more than make up the deficiency.
There does not appear to be any con
certed effort to hold back the crop, and
light port receipts must be attributed
to the Iateness of the staple.
Steadiness in quotations of corn at
the present high level is all that pro
ducers could desire. Making full al
lowance for the smaller yield and the
decrease in exports, which has thus far
been much greater proportionately
there does not appear to be satisfactory
reason for the rise of Is cents over the
last years figures and % cents over the
price at this date in 1899. Shipments
from the Atlantic coast for the week
were 1850 bushels against 1.56O,O1S
bushels last year A heavier movement
is expected owing to larger buying for
foreign account secured through low
rates for transportation.
Wheat is well sustained, and still bet
ter prices are promised by the heavy
export moven ent, which from all Uni
ted States ports for the week reached |
5.e6S,413 bushels Of flour, against 1851 |
4S2 bushels last year. Western receipts |
of S, 292 456 bushels exceed even the lib |
eral shipments in 1900 of 6,s54777 bush |
els.
Failures for the week numbered 227 |
in the United States against 206 last
year, and 81 in Canada against Is last
year.