The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-06-15
BARGAIN SALES.
They Are the Feature of Retail
Business at Present
Owing to Continued Adverse
Weather Conditions.
OUTLOOK BRIGHTER
For Fall Due to Improved
Prospects for Crops.
All Cities But Four Show In.
creased Bank Clearings.

New York, June 15.-R. G. Dun &
cos weekly review of trade says:
| Despite some improvement, weather
conditions have continued adverse for
retail trade at most points and BUSH
ness is only stimulated by bargain
sales Prospects for fall distribution
are brighter because of the better crop
reports, and manufacturers receive lib
eral orders for next season. Current
conditions, however, are not satisfac-
tory and mercantile collections are be-
low normal, except in sections where
country storekeeperS have been en-
apled 70 make prompt settlements, be-
cause high prices attracted much mar
ket1ng of last years grain.
Somewhat quieter conditions prevail
In the primary market for cotton goods,
although prices are higher where al
teration has occurred. A large sale of
print cloths at high prices improved
that section of the market. After a
fair volume of business in serges and
the cheaper lines of wooden goods
which have been opened for some
weeks, the market is quiet while await
ing the opening of medium priced lines.
Weather conditions have retarded the
movement of dress goods, few dupli-
cate orders for the fall season appear
ing although this business should have
been completed some time ago.
New England footwear manufacture
ers report trade backward, although
there are indications that fall orders
will soon improve.
Pig iron markets are quiet and prom
Use to remain so for a time, as fur
naces are sold up, while the larger con-
sumers are quite well covered. Prices
are steady at most points, though quo
tations for spot are reported to be
somewhat lower in the Pittsburg dis
trict Production is proceeding at a
rapid rate, the output for May being
in excess of 100000 tons, a new high
record.
Higher temperatures, liquidation on
the late advance. and reports as to
less satisfactory trade in dry goods.
We're effective in causing a decline of
2O@25 points on the next crop of 10
points on spots and of to points on
the bulk of the old crop months.
Business failures in the United States
for the week ending June IL number
161. against 1855 last week; ITO in the
like week of 1906; IT'S in 1905; ISL in
1904, and 165 In 1908. Canadian failures
for the week number % against Is last
week and 20 in this week year ago.
Bradstreet's.
Bradstreet's says: Weather, crop
and retail trade conditions over wide
area of country have changed for the
better this week and the feeling is
more optimistic than for some months
past. In the northwest, parts of the
central west and in some sections of
the south higher temperatures have
encouraged freer buying of summer
goods and made far more cheerful adj
vices as to the wheat and cotton crops
Agreement is general that retailers
stocks the country over are large; that
reduction sales are numerous, and that
filling in orders from jobbers and
manufacturers are a negligible guam
tity as yet. 1t is noted that fall trade
reports are good in most sections. in a
few being in advance of a year ago,
but there are conincidently, a few re-
ports of cancellations of business
booked, mainly in the southwest OF
requests for the Withholding of ship
ments and for extensions on payments
on past business. Cotton goods lead
the dry goods line in strength of
prices a reflection of fears of crop
damage affecting future production
Renorts from the leading industries
partake of the prevailing irregularity.
In lumber, interior buying at large
western centers is less active, and Ore
gon logging camps have shut down to
avert lower prices. Some southern
report declining prices for
lumber a reflection, apparently, of
weather or other conditions affecting
building. Inability to easily obtain
money is the cause assigned for diff
culties reported by building concerns.
who were spread out too widely for
the capital employed.
Bank Clearings.
Bradstreet's bank clearings report for
the week ended June ID shows ar aggre-
gate of 81 GIG, 49, co., against So O39 SIS 900
asst week and 81 56 012,O00 in the CORES
ngs for the week total 81 SIS, co., as
against ss9, $4,000 last week and s76,5f3.OOO
n the same week last year. The follow
ng is a list:
Cities Clearings. Inc. Dec.
Iew York ..........$1, 5s7l az, 900 1913 b.