The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-08-25
BOOM IN STOCKS.
Wall Street the CenteE Of Inter-
est In Business Circles.
Trade Reports Indicate Whole
some Activity.
RAILWAY EARNINGS.
Show a Gain of IL Per Cent
Over August, 1905.
Capacity of Leading Factories
Booked Far Ahead.
RAILWAY EARNINGS.

EW YORK Aug. zs.-R. G..
~ Dun & Co.'S Weekly Review
Of Trade says:
Wall street provided the
- only important development
in the business situation
during the past week, prices of securi-
ties rising within an average of 81 per
share of the high record established
became interested to an extent that
lifted money rates for all periods to the
legal maximum. Trade reports indicate
wholesome activity, with no evidence OF
reaction even those industries that are
OF necessity quiet at this season con-
tr1buting to the general confidence by
reports Of large orders in sight. AS
the vacation season draws to an end
there is gradual resumption of idle
machinery, and, with the opening Of
many new furnaces, all records of iron
production viii be surpassed in the fall
Yet steel mills will require all the ma
terial that can be furnished. This is
typical of the situation in all leading
branches of industry. Jobbing fall
trade is opening briSkly, 1862 buyers reg
lstering in the New York market alone
in single day Owing to a few ex-
ceptionally large undertakings last year
in this city, the total value of all build
ing permits issued in July was slightly
smaller than year ago, but outside OF
New York there was a heavy increase.
Crops are now almost beyond danger,
and their movement is becoming a diff
cult traffic problem Railway earnings
in August show an average gain of 12.1
per cent over last years figures, while
foreign commerce at this port for the
last week provided gains Of $2,276 .692
in imports and 81 446, 521 in exports as
compared with 1906
Bradstreet's.
Bradstreets says
Fall trade has still further expand
ed; buyers are in all leading markets
IN large numbers and are operating
freely despite temporary checks
caused by hot or rainy weather. The
same is largely true of industrial ope
rations, which go forward with
steadily increasing volume of output
and with available capacity in leading
lines booked far ahead. This latter
condition is perhaps best illustrated
by reports from the iron and steel and
cotton goods industries. which are in
a very strong position. with prices
tending upward and mills pushed to
meet demands for delivery. The sit
uation in cotton goods is particularly
trend of the market for raw cotton. In
the iron and steel industry all records
for August have been eclipsed, and in
fact some lines report the month to
have been the best ever witnessed
Retail trade Is quiet. the time for
shifting to fall displays having arrived
although some jobbers report reord-
ers for summer goods in excess of
supply crop reports are Sill I1NQr-
able. a record yield of corn, heavy
spring wheat out-tufn and cotton
crop next to the largest ever gathered
being in sight. Railway tonnage is of
enormous volume, the record for #Au-
gust being the best ever attained ia
that period. Gross earnings for the
first half of the month, exceed those
of a year ago when trade was like
wise active by IS per cent. Despite
marked additions to equipment. a car
shortage of more or less importance is
not unlikely later.
Business failures in the United
states for the week ending August 3
number 1875 against 143 last week. 176
in the like week of 1905, 1S5 in 1905
142 in 1903 and 40 in 1902.
In Canada failures for the week
number %. as against p last week
and A in this week a year ago.
Bank Clearings.
The. following table, compiled by Brad