The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-10-16
No More Worry in Business
Circles About Crops.
Money Situation Also Is Found
Satisfactory.
OUTLOOK FOR TRADE
Is Pronounced Excellent in
West and South.
Conditions Have Not Been
Affected by Wall Street.

New York, Oct. 16.-Spacial telegraph
ic advices to the International Mercan-
tile Agency from correspondents
throughout the United States and Can
ada are summarized as follows: /
Anxiety as to money and the crops
has almost disappeared and merchants;
west and south look for a livelier de-
mand from the country districts row,
that good corn and wheat yields are as,
sured. Mercantile collections are better
than expected in territory tributary to :
Chicago. New Orleans. and st. Louis.
except from parts of Texas. but the
most significant trade feature of thaI
week is found in tendency to greaterl
ease in money for mercantile uses at
Boston, Philadelphia, Chicago and Pitts
burg. st. Louis bankers anticipate liks
conditions there soon. Slowness in mar
keting crops has made funds relatively
closer at St. Louis. but banks are meet
ing business needs. Careful canvass
west, northwest and south shows THAI
speculative indigestion in Wall stress
has not affected the financial situation
The recent revival of request for good
bonds at New York has been followed
by some investment inquiry at Philadel-
phia. While checks in industrial lines
are regarded as likely to react upon
general trade the commercial situation
| is believed by bankers and merchants to
| contain potential elements of strength irkr
the crop situation, slight decline in i'm.
ports and present and prospective gains
| in exports.
| While jobbing dry goods trade has
been slow, buyers are anxious for terms
| for future delivery. The piece silk in-t
dustry is depressed. Restriction OF
output of pig iron has stimulated west
4 e1-n consumers and a strong tone is OBJ
served Cincinnati reports a very active
demand for whisky and spirits. St.
PauPS wholesale trade this season IS
equal to that in 1902, and st. Louis
wholesale merchants announce re-
/ narka bly favorable year. In dry goods
and kindSed lines Chicago has outdone
ta1l records, while at Baltimore an aver
age volume of business has been trans
| acted Jobbing has been good at Phil
| adelphia is increasing at New Orleans.
excellent at Atlanta, and was never
better at Pittsburg. The Baitimore
canning season has been fairly satis-
factory
Winter wheat sowing has progressed
favorabIy Prospects for a top crop OF
cotton have decreased. Rice receipts
at southern markets have been quite
free Crude oil prices are up II cents
within two weeks.
| In the Canadian dominion there is q
good demand for heavy winter goods
The wheat harvest there is exception
ally large and growers are receiving
q bout rs cents a bushel for it. The in
crease of $500. 100000 gain in loans and
discounts by national banks between
| September Is, 1902, and September 9.
| 1903, is explained from the Office Of the
comptroller of the currency to be large
| ly due to the fact that between those
dates there was charatered 529 national
banks, with capital, surplus, undivided
profits, circulation, government de-
| posits and rediscounts of s230.e00,0 ,000