The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-09-07
REVIEW OF TRADE.
Fall Demands Compares Well
With That of Last Year.

New York, Sept. 7-Bradstreet's sayss
Trade advices are. as rule, very
good. Fall demand, now in full swing
at the east, west and northwest, COM
pares well with last year, and business
continues to expand at the south. Spe-
oially marked features are the reports
Of a large seasonable distribution. heavy
shipments and improved collections
from leading western centers.
All measures OF trade demand point
to the maintenance Of general business
on a scale not heretofore eQualed fer
this time of year. while failures, though
more numerous than last year, are less
hurtful than one or two months ago,
and especially reflect only the normal
friction inseparable from the conduct
of business in q large volume. Indus
trial disturbances are not cutting the
figure they did earlier Prices for the
fourth successive month have advanced
and are now well up to the highest Of
the year.
The steel strike IS gradually nearing
its enc despite efforts to keep the trOu-
bic open. In the meanwhile demand
steadily grows, and premiums for quick
delivery of affected products mount up.
Much of the business usually Offering
has been merely postponed. and great
activity awaits the reopening mills.
Pig iron is in better demand at nearly
all markets and foundry and forge iron
are in larger demand, even at Pittsburg.
Additional sales of rails for next year
are reported and the business already
booked in this and other lines assumes
activity throughout the winter Jobbers'
stocks Of finished goods are badly bro
ken up.
The cotton trade is in an interesting
position. The actual yield In the sea
son just closed was 1898. 600 bales, val
ued at nearly $500 900 900, the largest
value ever received for an American
cotton crop The latest government
crop shows that on 1900, 600 out of o.
532 900 acres planted the condition is
better than a year ago, and the out
look is therefore for a somewhat larger
yield than last years.
Two months Of the cereal year have
passed. and despite the pressure Of re-
ceipts from the largest wheat crop ever
produced in the United States and Can
ada, primary receipts are 10 per cent
larger than year ago.
Corn Is slightly stronger on imprOv-
ing speculative interest. while oats are
steady. Hog products are higher. The
statistical position OF lard is very
strong.
Raw sugar is further demoralized
and 1-16 Ncent lower on the week. cen
trifugals being at the lowest point I'm
four years. Upper leather dealers ara
yielding to the Inevitable, and some are
asking prices that are fully 1 cent bet
ter than a month ago Hides are ad-
vancing. In turn, the talk of higher
prices for shoes is heard.
r. g. Dun q Co.. 8 KeNleW OF Trade
says:
a holiday reduced the volume Of le-
climate business. while speculative op-
erations were seriously curtailed by the
general closing Of exchanges from Fri
day afternoon to Tuesday morning In
the movement OF merchandise and in
many manufacturing lines there has
been effort to make up the loss BY
working overtime, but the weeks rec
ord will fall behind those Immediately
preceding.
Actual sales of many iron and steel
vances and the tone throughout is
hardened by vigorous demand
Placing of sample orders for spring
footwear is Of such character az to in
dictate a healthy market and some job
bers are so anxious for early delivery
that contracts are being closed now.
Despite more activity I'm the market
for cotton goods. and placing of gov
eminent contracts. the staple shows no
great strength.
Although unsettled in tone, little al
teration occurred In the principal
cereals. Trading was restricted. and
there was an apparent Discrimination
to assume an aggressive stand on
either side Of the market.
Commercial failures during the month
of August were 500 IN number and 81
ASS S66 in amount of liabilities. Com
pared with the same month last year.
the statement is most unsatisfactory.
as failures were then only I35 in num-
Der and 1925, 1903 IN amount