The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-05-31
ENCOURAGING FACTORS.
Good Crop Prospects and Ease in the
Money Market.

New York, May Sir G. Dun &
Co.'S Weekly Review of Trade says:
Ease in the money market favorable
crop prospects and confidence abroad
are the encouraging factors which out
weigh the disturbing elements Of labor
conflicts and unreasonable weather for
retail trade at many points. Effects of
the depressing influences are thus keen
~ felt because they are believed to be
only temporary and confidence is ex-
pressed that with the resumption Of
work and normal temperatures there
viii be return to the liberal distribu-
ton of merchandise.
Despite the short corn crop last year,
the large yield of wheat and high prices
Tor both resulted in the greatest value
for the two crops ever recorded, which
n cans that the agricultural sections
are prosperous, and other industries
must share the good fortune by in
creased sales of products. Collections
are prompt as a rule and payments
through the principal clearing houses
are well maintained. Notwithstanding
diminished speculation, there was an
increase of II per cent at New York
compared with last years exchanges
Returns as to the transportation show
that losses In grain movement are be-
ing more than made up elsewhere, rail-
road earnings thus far reported for May
showing gain of SIS per cent over last
year and 1910 per cent over 1900.
Efforts to place contracts for 100, 600
tons of pig iron deliverable in the sec
Ond quarter of 1903, indicate the con
ffdence of the leading consumers as to
the future Of this industry There is
no cessation of activity at the mills
and finished products are forwarded to
importanate consumers as rapidly as
possible.
Nc Improvement is reported at New
England boot and shoe centers where the
SHOPS are still running only about half
time. There is little more activity in
the grades that declined last week but
other varieties tend downward. Statesmen
are booking a smaller percentage Of orders
at the south than is usual at this season.
Local retail trade has been more active,
but jobbing business continues slow. Re
cent advances in leather are maintained
with betting being freely purchased. I'M
ported hides are scarce and strong. but do
nestle packer hides are more quiet Stocks
OF textile fabrics are not accommodating,
although the markets are extremely quiet.
Domestic jobbing trade is fairly satisfac G.
tory. but exports of cotton goods are small
Print cloths are duh and Unchanged, with
the situation unsettled as to new prints for
chasing wooden goods in moderation only
the larger deliveries by the leading com
panles increased the disposition towards
conserva tism.
Prospects are bright for a large yield
of cotton Dispatches have been received
from correspondents OF Dun & Co, To-
Gated in all parts of the cotton belt, and
the returns are unanimously encouraging.
Grain quotations made. decided adj
easily explained, except on the basis IF
light supplies in sight This element was
not new, receipts having decreased ma
teriaily for many weeks in comparison
the grain was lost il option trading al
though corn was firmly held.
Failures for the week numbered 1874 in
the United States. against AS last year and
20 in Canada, against 20 year ago.