The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-09-02
international Markets Respond
to Action at Portsmouth.
APeriOd of Commercial Develop
ment Is Now Expected.
OPPORTUNITY is HERE.
TO Secure a Hold on the Com
MERGE of the Orient.
Manufactures Are Generally In
ereasing Productive Capacity.

New York, Sept. Pr G. Dun & Co.'S
Weekly Review of Trade says:
peace and prosperity succinctly ex-
press the results of an seventfuI week
International mercantile markets re-
sponded to the cessation of hostilities
and period of Commercial develop
ment may be expected to follow the re-
turn of confidence. Capital that had
been diverted into bellicose channels
viii be used for construction instead of
destruction and the United States will
secure a stronger hold on the markets
of the Orient. Domestic reports were
scarcely less encoura ging. Leading
branches of manufacture are increasing
productive capacity, especially in de-
paPtments pertaining to railway equip
ment; textile mills have little. idle ma
cllfnery. footwear factories are running
freely, while in structural work there is
no evidence of lessened activity. Visit
ing buyers still throng the great job
bling eenters and place orders for dis
tant delivery that testify to faith in a
vigorous demand from consumers. Rail
way earnings thus far available for
August show an increase of AS per cent
over last years, and foreign commerce
at this port for the last week exhibits
gains of S1,592,032 in exports and $685.
622 in imports as compared with 1904
Liabilities of failures in August were
$4,350,000 less than last year, and the
latest crop news indorses earlier esti-
mates of record breaking cereal produc-
ton, most of the harvesting and thresh-
ing being completed, but cotton returns
are less satisfactory, many experts re-
ducing their estimates to 10.50Qo00 bales
or less.
Iron and steel production increases
in response to the broadening demand,
extensive plans for enlarged facilities
being contemplated and in structural
Shapes pressure for prompt shipment
Hides are maintained at full quota
tions. although receipts of range cattle
continue to expand and the market
shows signs of artihciality. Imports of
foreign dry hides are also very firm.
Leather is in better position.
Commercial failures this week in
the United States are 217, against 100
last week. 21S the preceding week and
222 the corresponding week last year.
Failures in Canada number 19, against
p last week. % the preceding week
and 80 last year"
Bradstreet's says: September opens
with fall buying apparently at a max
imum, marked activity in all lines of
industry, liberal buying by railroads of
rails and supplies, currency shipments
to the country to move crops increas-
ing and with confidence to the outlook
for trade previously noted, strength
ened by the successful issue of the
RusSo-Japanese peace negotiations.
pressure of supplies of agricultural
products at leading markets, have had
distinct effect upon many COM
modify values, the tendency being to-
ward lower level in cotton, live ami
mails. potatoes and butter. 1t is to be
noted, however. that home products
are strong and higher on the week.
Something like a stransference of
fan trade activity from west to east is
indicated in the reports that house
trade is less active relatively in the
former section, owing to the return
home of excursionists whereas the
eastern markets have been benefited
by an influx of out of town buyers.
Western houses are, however pushed
10 NIL orders previously received and
business west and northwest is still
heavily in excess of a year ago. Large
eastern certers report market activity
1n all lines of cotton goods and larger
buying of clothing, shoes, millinery,
lumber, building material and hard
good tone. except in the quarantine
section and in parts of Texas. From
the Pacific coast 1t is learned that
Alaska has shipped 100000 in gold
to this country this season, that crops
as a whole promise we'll and that i'm
provement in the lumber trade con-
tinues.
wool has shown sustained strength
on good demand from manufacturers
Leather and all it's products display
great strength.
The central feature of the iron and
steel, trade at present is the continued
liberal buying of rails by leading roads
the active demand for plates for ships
and the liberal placing of specifications
for steel shapes for structural work
Business failures in the United
States for the week ended August 81
number ISL against 176 last week, 1879
in the like week of 1904 1872 in 1903,
133 in 1902 and 169 in 1901.
In Canada failures for the week
number 25 as against IA last week and
IT in this week a year ago"
Bank CIearings
New York, Sept 2-The following table,
compiled by Bradstreet. shows the bank
clearings at the principal cities for the