The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-06-19
REVIEW OF TRADE.
The Better Feeling in Trade Continues
Less Favorable Crop Reports.

Less Favorable Crop Reports.
NEW YORK, June 14-R. G. Dun & Co.'s
weekly review OF trade says: ''Ihe better feel
ing which was observed week ago in the iron
and steel and the wool industries still continues
and improvement is now felt in price as well
as in magnitude of transactions. Meanwhile
exports of merchandise increase, and neverthe-
less gold goes abroad in large amounts, about
$3,500O00 having been ordered for shipment to-
day. But in these two weeks of June the
value of merchandise exports from New York
gains 90 per cent. over last year. The
exports of breadstufs, cotton, provisions
and oil for May were 1919 per cent. above last
years. These facts point to a smaller but yet
considerable excess of imports over exports
this year, so that the outward movement of
specie is fully explained, irrespective OF trading
in securities, but in these it is still the impress
sion that foreign sales exceed purchases. The
news to railroad properties is more favor
able. A proposition to settle the northwestern
controversy on the basis of an allowance of
90 per cent. of the through freight to the lake
lines is expected to be accepted. Other diff
culties are In more satisfactory shape, and earn
ings continue in excess Of last years The gen.
eral average OF prices has again advanced a
little.
Reports from other cities indicate improve.
meut in trade at Cleveland and Pittsburg, and
IN the wool and grocery trades at Philadelphia,
but are otherwise but little changed. Collee-
tions show no improvement on the whole
Especial activity in leather has resulted from
the floods in regions where many tanneries are
located, and crop leather has advanced fully
. cents since June 1. The glass trade of Pitts
burg is fair. For anthracite coal there is better
demand with reduced output. The sales OF
southern iron continues large, and prices o. pig
at Pittsburg are rather lower, but the Thomas
iron company has advanced its quotations to
S17 for No. 1. Better prices are realized for
structural and plate iron, and a tenth of q cent
better for bar iron, while the larger demand for
steel rails has so stiffened the price that SIS is
now quoted Part of the demand resulting
from the necessity of rebuilding works, bridges
and roads destroyed by food is but temporary
and yet the consumption otherwise must be on
a scale hardly ever surpassed, since prices
stiHen, with raw iron coming into market at
the rate of more than ,000, 600 tons yearly.
Breadstufs are stronger. Less favorable crop
reports are the pretext; probably excessive
speculative sales are the cause. Coffee has re-
ceded a &c. Pork products and hogs are
lower, but oil has advanced 115c. The rise in
raw sugar continues, 41c per 100 lbs for the
week, and refined has been marked up to 91sc
for granulated. No disturbance results in the
money market here from the heavy exports of
gold, in part because during the past week the
treasury has paid out $S.600,OO0 more than it
has taken.
The business failures number $50, as COM
pared with a total of 225 last week and 2f5 the
week previous. For the corresponding week
of last year the figures were 232.