The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-11

General Business Depression in All Lines
Said Not to BE an Alarming Symptom.
NEW YORK, July 10-R. G. Dun g. Co.'s
weekly review of trade will say: The I'M
usual conservatism which prevails in
nearly all sections and branches of bust
ness impresses many as a most dishearten-
ing symptom. But it may, with at least
equal reason. be interpreted as the very
best ground for confidence in healthy and
solid Improvement when new and large
crops come forward more freely. The alb
sence of speculative Excitement. the indis-
position to buy in haste. are having a most
wholesome influence. Prices of materials
and products are thus kept in such q re-
latioD that large and fairly profitable bust
ness is possible, but will DO based when it
comes up on the actual demands of con-
sumers and not upon inflated hopes This
conservative attitude is the more necessary
this year because. while money is now
abundant here and cheap on cali, the pos
sibility of disturbance abroad or of diifi-
Guilty In obtaining needed supplies for NOV
ing crops at the West 10 not yet entirely re-
moved.
Crop reports have never been more full
b they are this year. and they grow
more clearly satisfactory every day.
Wheat has declined &c during the past
1tC III July
as large as a year ago. Immediate demand
for corn has csused a rise of lac, and oats
are quoted higher. sales were moderate.
Pork products are q shade lower; coffee un-
very litrie activity in dealings. The mar
ket for sugar has been weaker, but grows
steady, and refined Is In better demand
The general course of prices has changed
but little during the past week.
Tin has declined a shade through specu-
lation 1t London. and lake copper sells at
12Isc. the hslf-year's production by six
companies being 2S.O4S tons, against 26. $50
tons last year. Lead Is weaker at 4.45c,
with some realizing.
trade at the East. greater condolences
throughout the Vest and generst dullness
at the South. Boston reports q little more
activity. Manufactured iron Sc Pittsburg
is in better demsnd. and the coal output in
June WAS the largest ever known. Trade
Is fairly good for the season at Cleveland;
also at Cincinnati, where new buildings for
the tirst half of the year exceed, BY $780,
600. the record last year.
Wool Is moving better at Detroit. and
iron Is IN fair demand. At Chicago wheat
receipts are three times last years. and
there is increase in lour and corr. Trade
IN dry goods, clothing and shoes exceed
last years, with good collections.
Heceipts OF other gram; cured meats.
dressed beef and lard fall behind
last year and crop reports are very favora-
BILE. all Indications pointing TO o large
trade in the future. At st. Louis the trade
In Wool, grain. produce aud live stock is
good. but lumber aud the building trades
are dull The outlook for fall trade is yerv
encouraging. Milwaukee reports some
sensation caused by failure of the largest
grain commission house. at Minneapolis
trade Is good for tue season. the flour out
put being l4O.0O0 barrels. At st. Paul,
Omaha aud Kansas City crop prospects inn
prove trade. and at Denver business is fair.
Some increase is noted at Louisville, but
at other Southern points dizziness prevails.
and at New Orleans, though slight i'm
provemept is seen. the tactics of traders
are extremely conservative.
The midsummer closing of iron-works al
most suspends the trade. but while the