The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-06-25
DUN&C0.'S WEEKLY REVIEW
Great Promise In All Crops Produces
Stronger Trade Over the Country.
Grounds for Believing that tho Threatened
Serious Labor frsutleS In the Iron Dis
tricts hay Be Avfrted This Year.

NEW YORK, June oar. q. Dun s. Co.'s
weekly review of trade says: Another
week has blessed the country with great
Improvement in the rowin crops. In
wheat so great n change of condition sp-
pears that men begin TO question whether
this year will not closely approximate the
unprecedented crop Of 1891. For other
grain and cotton the outlook Is decidedly
better, and there Is reason now to hope for
highly satisfactory results from the years
agriculture. In consequence there is
stronger trade throughout the country.
especially of Western centers Of distribu-
ton. Tho Improvement Is less marked at
the South. owing to the very low price Of
cotton and continued high water In some
regions. The one point of anxiety in
regard to tho wage dispute among
the iron manufacturer operates
for the present 90 cause increased
trade. while in other industries the situa-
ton Ia clearly more favorable than usual.
The iron manufacturers desire q revision of
the WACO scale on the ground that I'M
proved machinery has enabled labor to
produce 90 per cent. moro than in forme
years, and has reduced prices so far that
the 2-cent basis Is no longer just. There is
q little more ground for hope that a pro-
longed strike NAV be averted, and mean
while the demand for all forms of manu.
featured iron and steel distinctly improves.
There is q better demand for plates and
for structural iron, prices being iirmer, and
some gain in bar-iron and even IN steel
rails. Pig-iron is still weak and feverish,
Southern supplies being large. but North
ern makers wait TO see whether q strike
i .o, coming before reducing prices;
sales are reported at 11ac. Tin has
also taken q sudden drop to 2ll4c c. and lead
is owe Mt 4.05c in some transactions. Coal
is dull and outsiders are selling below the
combination prices. The boot and shoe
manufacture Is entering upon a season
which ie expected to be one of unpre-
cedented activity, but the years shipments
are already within 2 per cent. of the
greatest ever known, aud gaining every
week. There is o very large business in
low grade wOolens and sales of wool are
better than usual for the season.. Print
cloths are strong Mt 49, and some advance
inprints IS anticipated.
BUSINESS Is
At Boston the demand from recently
flooded Western districts has fully revived.
and business Is strong. Lower prices for
bIeached shirtinGs have caused large sales,
and prices have been raised again. The
woolcn-mIlls are steadily employed, and
there arc larger orders for fall goods in the
boot and shoe trade. so that factories arc
busy, with every prospect for the largest
trade ever known. Rubber Is firm and the
manufacture very busy. At Philadelphia
the grocery trade has n remarkably gOOu
season. and there is some improvement in
dry goods, with larger demand from the
south. WoOl-buying is cautious. with
prices the lowest for the yenr. At Pitts
burg there are brighter prospects OF q wage
settlement. but finished iron Is moving
fairly. At Cleveland better trade is seen
in groceries, hardware and shoes, and other
business IA far for the season. Tho found
cries sre especially busy mt Cincinnati, but
machinery is o little slow. Trade is good
at Detroit. with fair prospects,. large sums
going into the country for wool.
Trade at Chicago is larger han q year
ago. with receipts double last years IN
tour. corn, rye. OAts. dressed ecef 0nd lard,
and even greater increase in barley, o gain
of so per cent. in wheat and some increase
in cattle and hogs, with n slight loss in
wool. cheese and butter. At Milwaukee
business 10 quiet. but though crops are
backward, tho prospect Is considered very
fair. AT Minneapolis a marked increase 10
seen In trade, with q large business In
lumber. and building operations active.
AT 81. Panl trade Is good and prospects
bright. Midsummer dizziness appears at
ST. Lonis. although railroads are having
temporary blOckndes since the floods
abatcd and business il as atrong as could
be expected. AT Omaha TRADE Is good In
all lines. and at Kansas City in wholesale
branches. receipts of grain being liberal.
At Denver business is fair, 1T Louisville
satisfactory and improving, and at Little
Rock prospects are brighter, but business
at Memphis Is in q groove. and ut New
Orleans dull on account of high water. At
Savannah trade is above the average In all
branches and prospects arc favorable.
Speculation has not been especially
active. and wheat ia unchanged in price.
though Western receipts orc zoos, 600 bush
els in three days, and exports are only
753,OO0 bushels. Corn receipts ut the West
are 2. 40O. 600 bushels in three days. with
small exports. but the price has advanced
&c and oats Sc. Pork products arc un-
changed. but oil Is lac lower and coffee
sc lower. In cotton no change in price ap-
pears, though transactions have been quito
l~srge-59O,0 COO bales for the West-and the
weeks receipts have been larger than o
year ago.
Gold exports were quite independent of
merchandise balances, for the enormous
produce exports IN May are followed bv an
increase OF 20 per cent. in reports from New
York in June thus far. In every part Of
the country money is in bunda supply.
md the demand ri nearly all points is only
moderate. collections being generally quite
satisfactory for the season. The business
failures occurring throughout the country
during the last eeven days are 80. as COM
pared with totals of 1T9 last week. For the
corresponding week of last year tho figures
were 23n