The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-31
THE BUSINESS OUTLOOK.
Smallest Distribution of Merchandise Wit
messed in Any Week During the Year.

New YORK, July 3o.-Special kilograms to
Bradstreet's this week point to the distribution
of smaller volume of general merchandise than
In any previous week during the year. This ap-
pears to be regarded as natural outcome at
this season, and representative traders at
leading cities continue to express conf
dence in an active and profitable trade
In the autumn The total bank clearings
at twenty nine cities for the week ending to-day,
specially wired to Bradstreets, amounts to $747,-
7I7740, as compared with $685. 404, ,668 last week.
Here Is decline of $77, 1872 900 on the week, and
the nearest approach to the total in the CORE
spending week one year ago, recorded for months.
The total earnings of twenty-five Western and
Northwestern railway companies during the
third week of July, amounted to So, 28s, 600 this
year, against 81, ,051, 900 last year. Considering
the cut-rates of one year ago. and the check
to general trade due to the panic of 1884, the
crd is of very moderate gain. The customary
autumn demand for funds is indicated by the
hardening of interest rates, backed
by the improved demand for funds
at Boston, Philadelphia, Cincinnati Chi
cago, Milwaukee, Burlington and New
Orleans The movement of dry goods from
agents hands has been smaller, but that from
iobbers has increased somewhat. At Western
centers the summer trade holds on fairly and
the autumn sales BEGIN well. All advances are
maintained, prints being quoted at 81 cents, with
light stocks. Woolen manufacturers will not
stock up until the opening of light weight fab
RIGS, In order to learn the probable price level.
A 10 per cent gain is expected, though not so
confidently as previously
The American Iron and Steel Associations
report of the production and stocks of pig-iron.
confirming the previous impression that q hand
to-mcuth demand has stimulated larger total
output within six months than ever before, has
resulted in a distinct shade OF Improvement in
Ehe pig-iron industry, though prices are thus far
unchanged. The increased prices for anthracite
coal do not command general conf
dence, and the demand continues light.
Earlier reports as TO damage to
the spring wheat crop are believed to have been
exaggerated, and Dakota and Minnesota are now
thought likely to yield over forty-flve million
bushels. The Wisconsin yield is better than ex-
pected. Heavy receipts Of winter wheat and
moderate export demand hold quotations in
check. The drought West and Northwest has
damaged the Indian corn crop to some extent,
and in such localities general trade is checked.
Recent local rains have improved the prospects
some.
Special kilograms TO Bradstreets place the to-
tai California bop yield at 40, 600 bales; the Lou
isiafa rice crop is expected to be Of fine quality,
and to reach 100000 sacks The louisville to-
bacco market is firm, inasmuch rs the crop
needs rain and stocks are smaller. The
July cotton crop. report to Bradstreet
shows that the plant in the Atlantic States and
in Mississippi and Alabama has been deterioat
Ing, owing to heavy rains In Tennessee and
Arkansas the condition is equal to that of year
ago. In Louisiana It is only fair.
The total value of buildings for which per-
fnits have Leen granted at twenty-five cities
within six months is $685. 000 600, against $53, 000
BOO in the first half of 1885.
The total number of failures in the United
States this week is 162, against 194 last week.