The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-08-12
TRADE SET BACK.
Conditions for the Week Report
ed to Be Less Favorable.
Adverse Factors Are Of a Tenn
pOrary Nature.
NUMEROUS STRIKES.
Have Exerted the Customary
PerniciOus Influence.
Railway Earnings and Foreign
Commerce Make Gains.
NUMEROUS STRIKES.

New York, Aug. 12.-R. G. Dun &
Co.'s Weekly Review of Trade says:
Trade reports are less uniformly IA
vorabIe, but adverse factors are of a
temporary nature. and the net result
for the week is satisfactory. Numer-
GUS strikes have occurred, exerting the
customary pernicious influence over
business, and the epidemic of yellow
fever is restricting southern trade; on
the other hand, thermal conditions
have facilitated retail trade. crop pros
poets have greatly improved. and out
of-town buyers are numerous in all
the leading markets Manufacturing
plants are increasingly active; textile
mills still occupying the strongest po-
sition, while shoe shops are not max
ing concessions to get business. Iron
furnaces and steel mills make progress,
but less rapidly. Lumber mills and
dealers are having an exceptionally
busy season. Railway earnings in July
were IA per cent greater than in the
same month last year and foreign COM
merce at this port for the last week
showed an increase of $3,917,43 in
imports, while exports decreased ST.
96s,227. Little change has occurred
in the financial situation, rates ruling
easy. while prices of securities have
risen close to the highest point on
record.
Bank exchanges at New York for
the week were AIS per cent larger
than last year, and at other leading
cities the increase amounted to IA per
cent.
Recovery in the iron and steel in
dustry comes more slowly than was
anticipated, yet there are numerous in
dtcations of a better tone. Quotations
are practically unchanged. Export
trade is expanding, and several i'm
portant contracts are pending that will
add large tonnage to the business of
the mills when satisfactory terms can
be arranged.
Textile markets have had the slim
illus of an increasing attendance of
western buyers. At present the only
event that might weaken the position
of cotton manufacturers would be the
cancellation of Chinese orders, as
many mills have withdrawn from the
market on account of export trade.
Wooden goods are meeting with steady
demand.
Raw materials of the footwear in
dustry continue strong, hides COM
Inanding the highest position since the
civil war; and showing no indication of
reaction. Footwear markets respond
to the upward tendency of materials
insofar as any changes are recorded,
but western shoe jobbers have not
placed the customary amount of spring
orders, owing to disagreement as to
values.
Failures this week numbered 222 in
NAAC OAiAlEQ GldlCSy COiIlpdESQ Win - Z
a year ago, and 10 in Canada, against
33 last year.
Bradstreet's.
Dispatches to Bradstreet's indicate
that trade has improved in the aggre-
gate, although some drawbacks are
found. particularly in the south, and
because of labor controversies in sew
eral different localities. Textile man
ufacturers at Philadelphia are well
Low i
irlgs are large. Shipyards. car shops
and electrical supplies are busy and
makers of cheap jewelry have large
orders. Pittsburg reports a quiet mar
ket for dry goods, but hardware is
more active, especially heavy lines.
Heavy rains restricted trade at Balti-
more, but prospects are bright and
mercantile payments generally prompt.
Kansas City reports wholesale trade
increasing and prospects considered
bright. At st. Louis orders from trav-
cling statesmen are heavy and build
ing permits "a per cent in excess of
the same last year. Quarantine re-
strictionS interfere with New Orleans
building materials in demand. Fall
orders for dry goods at Nashville ex-
coed last years, but most business
from the extreme south is light. with
collections slow.
Retail trade at Cincinnati is some
what dull, but clothing manufacturers
are busy, although some cancellations
from the south are noted. SeasonabIe
weather at Chicago, and encouraging
reports combined to make these brisk.
Striking telegraphers interrupted dis
tribution of merchandise at Mime
apolis, but the trade prospects improve
with the maturity of crops. Favorable
trade features are maintained at St
Paul, dry goods jobbers are doing a
heavy fall business and collections are
fair. Trade is satisfactory at Denver
largely exceeding last year, but current