The Indianapolis journal., 1894-06-30
RESUMPTION In TRADE
THE PULLMAN STRIKE. HOWEVER,
is SERIOUS MENACE.
Dun & Co. Note a Heavy Underlying
Tone to All Observation-Disclosures
Six Months Failure Record.

NEW YORK, June DR.. c. Dun &
| Co.'S weekly review Of trade will say to-
| morrow: The great strike of coal miners
| has ended at most points, but another
threatens to interrupt business more seri-
ously for a time, though the number OF
hands engaged is comparatively small.
| Travel and traffic well nigh arrested
| on about twenty Western roads already,
| and strikes are threatened on all roads
which use Pullman cars. On the whole.
| other changes during the week have been
| for the better Many manufacturing es-
| tablishments which were stopped by want
| of fuel have been resumed. The depletion
| of the treasury reserve has been checked
by the voluntary deposits of gold by New
York banks. Exports of gold have almost
| ceased. Congress has made much progress
| towards final disposition of the tariff ques-
| ton. Crop prospects grow better as the
| harvest draws nearer The resumption OF
work in mines and mills has made good
| progress, but the demand for products is as
pected Buyers apparently wait for lower
| prices of iron and steel products, which
manufacturers are slow to give, in view
| of the increased cost of materials and pro-
| duction. After suspension of half the
working force for more than month IL
was expected that orders for products
| would be very large, but instead there is
| general complaint of dullness and narrow
demand, and prices of Bessemer pig and
| Although the working force has evidently
| increased, several establishments have
| stopped for want of orders, or because no
| settlement regarding wages for the coming
| year has yet been reached. -
| Textile manufacturers are much emb&-
| rassed by the near approach of proba,ia
cannot yet be calculated. In spite of this
reason for deferring orders and purhases
the number Of mills quitting work is not
| appears little more demand for ,otbjers
| and jobbers. The cleaning-up preoaos bas
been accelerated with success 1oncas, tSs
| sions in some cotton goods, but fsu orders
| are still limited, and the accuLn%nIation % ~
| goods continues Somewhat bettuar orders
| In woolens, particularly in nr,cad ali.
wool goods. and in Clay di,gppnsIs and
| worsted cheviots, though ne large in
amount, give hope of larger trade But
/ the mills are buying cautiouyl,, and sales
| Of wool fell below last year, . rs zoo ihs
for the week. against 1890, his In four ,n
/ weeks of June sales two Vars AGO uere
/ 23 769 $50 lbs, last year only So e-e 7ts on5
this year IL Co., S24 lbs. GrowoSso'o nd other
| holders of wool seem dispo.ed to demand
/ higher prices than can nov 10 noid h1,t
/ receipts from the interior - l,terai and
exceed the present demand. N
| Wheat has declined cent? the wear clos
| ing with insignificant exIorts For four
| weeks Of June exports w. onlv 900 e2O
pu from anhei4 s 49, PoIss, 9gainst 9.917.454 bu
rcoo lass SSai, Soo "Ie receipts have been
/ o,o-V,ocv M
| S,910,9i2 bu last year, ann r,,cn Smaller de-
| crease. Corn has declird 20 racaints he
ing larger than Of wheat and a heavy crop
| is expected. - W
c fork proouc,s are 9lso a shade lower.
| Sottoi nas yiSIueu fixteenth, as specula-
| @ orom @asd,nso stia ene enoi nous stocks in sight
Ihis week .ne Iahu lres have been "a in
| tne Cnteo otdtes, aA-ainst 307 last year,
anu '1 .hiasy i -nse I'VE IN OS Iada against twenty
| s ae.en iaSs ySae, s H., VI ate the number and
.,iipoi edn|. vi ~ lave increased a lit
TIC aS - usual al lne - ose Of half year.
Failures for ST. Non,,s
NEW YORK, June 29.-BIs. dstreet,s VIII
say tomorrow: While there IL, no actxss
Improvement in business throus.bout me
country there are more favorable prC-Sgects
and better feeling among merchants, with
an increased number of instances where
| trade has been stimulated The end of the
great bituminous coal strike is promptly
followed by a sympathetic strike of rail-
way employees which thre e1tens disastrous
effects on business by reason OF interfer-
| ence with distribution and travel. Losses
on perishable freight in transit are already
| reported other unfavorable features in
clude a conference of Rhode Island cotton
| mill owners as to the advsabilty of shut
| ting down, owing TO the accumulation of
stocks; heavy arrivals OF wool At Eastern
markets. where stocks are rear aiready ,o larse'
vents many Industrial establishments from
starting up; an extremely. restricted vol
| ume of business among wholesale dealers
| in clothing at Baltimore, 43 per cent. of
what it was in the first half of last year;
DELAYED orders from country country merchants n Sin In
damage has been threatened and a sharp
| restriction In the volume or general trade
at Chicago, where the railway strike CEN
At New Orleans trade in all lines is
| smaller At Nashville and at Birming-
l ban iS dull without
| Improvement. which is also true at Port
land. New England wooen mills at work
moderate revival in orders, and shoe ship
| ments from Eastern factories hold up well,
anes or loans ns d rfort
| fair orders for autumn delivery. There is
! more activity in nearly all lines Of busi-
| ton is heavier. Continued improvement is
| reported from Galveston, where collections
ed from both Coasts equal i, 900 bushels.
| against 192l 90 bushels last week, 3.97l 600
bushels in TIE last week Of June. 1893, 81
| 216.000 bushels in that week or 1892 and
| 2,22l coo bushels in 1891.
The total number OF actual business fail
| months failures in which assets are less
| than liabilities) is 6,52S, which is more than
1 IN any preceding similar period. an increase
! OF 1888 and % per cent more than In six
| months of 1892. The present tendency In
| by the fact that while at the end OF the
1 first quarter of the current year the in
crease over the like period last year was 900
| the end OF half year is only 2Ss failures
/ Total liabilities of falling traders for the
4 sly months are $50. sos, 900. assets being only
| 54 per cent. of that total. These aggre-
| gates are each less than one-half Of Shat
they were for six months In lssS @ and small
| Pennsylvania and California show striking
| increases in numbers of failures and Ilii-
| nofs and Kansas noteworthy decreases
| There were e57 business failures in the
| Dominion OF Canada and Newfoundland re-
| ported since Jan. /, against So in a like
! portion of 1892
The Same Conger.