The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-07-28

Improvement Continues, Though the Specu-
Iativs Markets Are Not Active.

Improvement Continues, Though the Specu-
iarive Markets Are Not Active.
NEW YORK. July 2s.-R G. Dun d Co.'S
Weekly Trade Review says: Improvement con-
tinues. The collapse OF the Western Iron Man
ufacturers' Association has set nearly all mills
at work and makes ~pig-iron frner. but bar-iron
weaker. Stocks have been strengthened by q
decision arrssting the enforcement Of the Iowa
ratsa Wars of rates do not cease, and inter
state decisions on any important cases are
deferred. The net earnings of sishty.two roads
in May showed q loss Of "a per cent. though
their gross earnings gained Ga per cent. and
the gains in gross earnings for July have been
less than half as large. Statements show that
2.42s miles OF road have been placed ID the
bands OF receivers during the half year, with
s153, $50. 900 bonds and stocks. against only 428
miles and s2S, zoo, 900 bonds and stocks for the
first half of last year. But the average price OF
stocks has risen about 81 40 per share, though
less strong OF late.
Reports of domestic trade are almost Uniform
ly encouraging. for, though dullness yet pre-
walls, improvement appears at many points. The
clearings at all cities exceed last year by 1913
Der cent. and outside New York by So per
cent, with larger gains at Boston. Chicago and
New Orleans. The complaints OF slow collec-
tions increase. however, especially in connection
with distribution OF manufactured goods. At
Philadelphia and Pittsburg better feeling ap-
pears In metal branches, and At Baltimore and
Detroit in dry goods and boots and shoes. but
Eastern manufacturers are still uncertain.
Foreign trade for June showed imports exceed
ing exports by SIS. 206. $40. aud for the half year
the excess was s6l. 463. 200. Against this the
net exports OF gold and silver for the half year
were 7,4sS.S 3l. 60 that when interest and
undsrvaluations are considered the movement
or foreign capital this way appears to have ex-
cseded 500, 900. 900 for the half year. Exports
OF merchandise from New York in July show q
decrease Of 8 per cent IN value, against ] per
cent. increase imports. and for the past year
exports have been smaller than in any other
year since 1873, except the year 1856, whose
imports have only been exceeded in oue year,
1872, and then by less than 81, 900, 900.
The speculative markets are not active. and
wheat has changed but little. Crop prospects
have caused corn to decline Ii cent and oats
&c. but lard, pork and live hogs are stronger.
OIL is lie weaker. and cotton ard coffee are un.
changed. The treasury has taxen in during the
past week 81. 600, 900 more money than il has
paid out. but reports from al interior points rep
resent money in ample supply tor all legitimate
busin ess, with . general deficiency of demand.
Once more the country closes q crop year with a
surplus of over 81, GOO. 900 bushels of wheat on
baud unsold. and the latest reports indicate that
the supply for export during the coming year
will exceed las, 600. 900 bushels. exports for the
past year having been less than 10, 600, 600
bushels.
The failures attending half yearly settlements
have been numerous. For four weeks the num-
Der in the United States has been s21, against
594 last year. but in Canada only 81 against %
las; year. The business failures during the last
seven days number 22l. as compared with 22S
last year aud 240 the week previous to the last.
For the corresponding week Of last year the
failures numbered lS4.