The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-06-09
ay Business Shows Big Gains
Over Last Year.
RAILWAY EARNINGS.
Heavier Than in 1906 by Over
Eleven Per Cent.
Bank CIearings Total Nearly
Three Billion Dollars.

New York, June 9.-R G. Dun &
Co.'S Weekly Review of Trade says:
Current distribution Of merchandise
Is largely dependent upon the weather,
which varies widely according to 10
caIity. On the whole the weeks results
we're encouraging and monthly reports
for May show splendid gains over last
years figures. Prices of commodities
rose to the highest point in twenty
years. 3106,794 on June 1, comparing
with $106,O59 a month previous, and $685.
75s a year ago. Railway earnings in
Nay were 11-2 per cent heavier than in
1905. and foreign commerce at this port
Tor the last week showed gain Of ST.
s1e.18O in exports and a loss OF $11,5O8
an imports as compared with the CORE
spending week last year.
IN the iron and steel industry there
Is not only little idle machinery at the
present time, but little prospect of any
shutdown in the near future unless re-
pairs necessitate such action.
ssOniciai and other indications of
large cotton crop and the further de-
cline in price Of that staple produced
no definite effect upon the primary mar
kess for manufactured goods. The
weakest feature Of the cotton goods IN
dustry at the present time is the utter
absence Of export demand. China is
cut Of the market and q heavy accum-
ulatlon of goods is noted at Shanghai,
while the outlook for their absorption Is
far from promising. AS to wooden goods,
the future Is uncertain.
Footwear factories receive only
fair volume of new fall business
Leather Is steady at the recent advance
Hides are nominally unchanged, yet an
easier tone is in evidence.
Failures this week in the United
States are 205 against ia last week, 18S
the preceding week and ZIG the CORE
la Failures in
Canada number 1s, against 10 last week,
8 the preceding week and 20 last year.
BrRdsreet's-
Bradatreet's says:
Jobbing and wholesale lines are COM
nencing to reflect the usual seasonal
cufetuess. nevertheless business is more
active than is customary at this season,
and fall orders for dry goods, clothing,
shoes and interrelated lines are OF very
good volume. Retail trade has been
stimulated by warmer weather and the
outlook is for a full seasons trade. In
austries with few exceptions are active,
although the time IS approaching when
the usual summer shutdOwns will take
place
Grain crop returns become more ir-
regular as the season progresses but
that fact has not deferred purchasers
TO any extent AS a whole the situation
IS equal to a year ago The labor s1tua-
ton, though disturbed at different
points. Is considerably better. A good
demand for dry goods and general sup
plies for San Francisco where condi-
lions are rapidly approaching normal.
is noted at western centers. The return
row Of money from the country is I'M
mistakably large and easier rates are
a feature. though some authorities dis
believe in permanently easier rates.
Railway earnings continue very heavy,
the increase for May being no less than
a per cent on roads operating outside
the anthracite coal fields and bank
clearings are considerably in excess of
last year at this period. On the other
hand. reports about the meat packing
industry adversely affect trade in that
line. while high prices tend to cause
deadlocks in some lines, notably wool
and some lines of building material
Lower prices for yellow pine reflected
in ease in northern soft woods have
evoked some new business.
Business failures for the week ended
June number 1872 against 1877 last week,
1874 in the like week OF 1905, III in 1904
1s1 in 1903 and 1855 in 1902. In Canada
failures for the week number II as
against 1s last week and % in this week
q year ago.