The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-07-18

NEW YORK. July 12-R. c. Dun q
Co.'S weekly review Of trade tomorrow
viii say:
When circumstances are duly weighed
the strength and soundness Of business
in this country during the past two
weeks are amazing. with the second
city of the country in the hands OF a
lawless and murderous mob, besides
many other cities and towns. with rail-
way traffic almost entirely stopped over
the vast area between Toledo and thu
Pacific. with presidential proclamaticns
declaring the existence OF an Insured
ton, and the passionate answer ordering
half a million men 10 stop work, with a
prolonged strike Of coal miners not fully
ended in many states. and with differs
ences between the house and senate on
the tariff question SO wide that duties
affecting mining and manufactures cane
not be anticipated, industries and trade
have, neVertheless, gone on with SUBJ
lime confidence that the people and their
government would soon restore order.
The shrinkage Of business and the de-
preston Of values have been unexpected
~ small, the failures relatively few and
unimportant and there are even signs in
some industries oc actual progress to~
ward recovery from previous trouble
Wheat is slightly lower in profound
disregard OF the government report in
dicating a yield oC less than 400.U00,0o0
bushels, and as the official estimate %
yield i'm 1898 was more than 100000, 004
bushels short OF actual exports and con-
sumption, il is readily assumed thar
another discrepancy as large may spring
from similar causes. Receipts and exports
in the present disturbed condition OF
business are not significant. Corn has
advanced a little, though accounts indi-
cate good yield. Cotton has declined
an eighth with more favorable informa~
ton as 10 conditions, and the years
/ records have so discredited official and
other estimates that little attention Is
now paid to them. With American Stoke
abroad about as large as year ago and
the demand for cotton goods Visibly
narrowing weakness is natural
Cotton manufacture has reduced pros
duction somewhat, though most of ths
mills continue To pile up goods and the
stock Of print cloths Is 1,GS0 900 pieces.
Dizziness is commonly ascri5ed and part
~ due to the disturbed conditions II the
West and South. The same cause affects
wooden manufacture. but less directly.
and the clothiers have postponed orders
so long that their efforts TO get merely
the goods they must have now give a
better tone Orders are small, but in
number such that fewer mills have closed
since July ] than was expected and sales
Of wool for the week have been 3,S35.00)
pounds against 3643. 200 last year and g.
1880 in 1892 The shoe factories in this
quarter are closed, but those In the East
have generally resumed earlier than was
expected. and numerous. though small.
orders, mainly for medium or loW-pliced
goods, make up a fair aggregate Of bus
mess. Shipments from the East for two
weeks of July have been l52.29S cases
against 14S155 last year. The output OF
pig iron which dropped from ll0,2l0 tons
to 62.517 weekly in May. because of the
miners strike, had only recovered $3.50
tons on July l, and il is uncertain wheth-
er it is larger now, for numerous western
works have been stopped by the rail-
road blockade.
THE decease in failures exhibited last
week is followed by good returns for
July thus far Reported liabilities in the
first five days were only S6ll56l, though
mail delays keep back some western re-
turns. The number of failures durins
the past week have been 237 in the
United States against SI4 last year, and
in Canada forty-nine against Twenty-Five
Ia -r