The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-03
THE BUSINESS SITUATION.
Trade SeasOnably Dull, with Good Promise In
Sight-Failures for the Past Six Months.

New YORK. July Especial kilograms TO
Bradstreets this week, while reporting general
trade as seasonAbly quiet and without special
feature, concur in mentioning very hopeful
feeling among merchants as to the outlook Cor
the autumn Money is less active at Kansas
City, in fair request at Milwaukee and ms,re act
i've at Chicago and st. Joseph, Mo. Mercantile
collections are materially improved at st. Louis,
Kansas City, Milwaukee and Cleveland. In the
New York stock market, besides a disposition on
the part of the bull ciques to suspend operations
over July 4, there is a more pronounced bearish
tendency, growing out of the freight-rate war in
which the granger roads are engaged the large
exports of gold, and the sudden advance in rates
for money. The transactions of the week end
ing Friday were l. 1913 600 shares, against |. 49,,
900 shares last week. Bonds of all classes were
dull. Investments and governments firm. Money
on call was quoted on Wednesday and Thursday
as high as per cent, but the generality OF loans
averaged per cent. On Friday rates had de-
clined to q 03 per cent. Exchange was firm,
and So, 500 900 in gold was engaged for shipment.
Commercial paper is dull
The interest in wool has receded from sle
central Western States to Montana, Wyoming
and Utah, where prices are held above parity
with those in the Eastern markets. The clip
east of the Mississippi has been cleared up,
though more largely by spectators than by
manufacturers, prices having risen from to 3
cents per pound within ten days.
The tone of the dry goods market is encour-
aging, all advances in cotton goods having been
we'll maintained, and stocks being light.
The pgiron market is unchanged as to price.
Mill irons dull. Steel rails strong at the
low prices quoted, and the mills are full of or
ders The low price of English rails exercises
a depressing influence.
Wheat prospects, aside from Wisconsin and
Minnesota, for fair harvest Estimates
vary from 435, 900. 900 to 465 000 600 bushels.
The foreign wheat prospects less favorable,
particularly in India. Bradstreet's reports of
stocks of wheat east of the Rocky mountains,
July j, aggregate 100000 bushels, against
63. 600 600 three months ago, and on the Pacific
coast 100000 bushels, against 10000, 900 bush
els on April l.
Petroleum tends lower, but is very variable on
conflicting we'll news.
Lard has heen materially advanced by specu-
lators.
Bradstreet's July cotton report shows that
that the condition may be classed as fair only,
against good one year ago. Spot cotton has
been more active and 3-16 cent higher.
The total number of failures In the United
States reported to Bradstreets for six months OF
1885, is 5461 against g. LOG in 1885, s. 444 in 1884,
and 1886 in 1883. The total liabilities are S53,
24l 000 against $68 $40 900 in six months of 1885,
$l24, l04, 900 in 1884, and S73, 594, 900 in 1883.
The assets aggregated $25, 500, 900. against $780,,
95o, 900 in six months of 1885, $40 703 900 in 1884,
ard 500 $751;, 900 in 1888 The percentage of as
sets to liabilities this year and last is 49, against
So in six months of 1884 and 81 in 1883.
The monthly statistics of sugar stocks show
reduction, the visible supply standing at $780,
It's tons, against 1,420,247 tons last week; but
they still heavy compared with year ago,
when they were 1928. 598 TONS This, with
fair crop outlook, checks any advance