The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-08-08

NEW YORK, Aug. 3.-R. G. Dunn &
Co.'S Weekly Review Of Trade. which is
issued tomorrow. will say:
An important change in the state Of
business is near at hand. Congress will
act on the tariff question way the
other, in all probability, within week
If it passes the pending bill, or If it fails,
in either case the definite basis for future
business will enable many to act who
are now waiting Whether the one course
or the other would stimulate the greater
increase, it is certain that either would
give relief from present paralyzing I'M
certainties. and cause some increase in
business at least for a time. So much
business has been deferred during the past
year and mercha ndise stocks have been so
reduced that the mere approach of a de-
cision, without certainty what it is to
do, has this week encouraged large prepa-
rations for increased business. In spite
Of outgoing gold and sinking treasury
reserves, small railroad earnings, some
injury to crops and increased trouble
in the coke regions. the tone and the out
look are more hopeful.
1.-THE injury Of crops by hot winds and
drought, if as great as some report, viii
affect all interests. but at this season it
is never easy to distinguish between local
and general DANCE. Western receipts OF
wheat were 6,400,254 bushels, against A.
002.696 last year, which does not encour-
age notions Of a short yield, and exports
were only 1888, 563 bushels from Atlantic
ports. against 3,1s5, 464 last year
Corn exports were only 11S,43S bushels.
against 1.599,7S1 last year, and receipts
1852. S43, against 49,, 976. but 1t seems I'M
deniable that the crop has sustained con-
siderable injury Cotton declined an
eighth with commercial estimates of
yield exceeding S,5OOOOO bales.
''Sales of wool were S,522, 600 pounds,
against 3.742,O5O last year. and 1886, 400
the year before. and for five weeks end
ing with July were 30SS2.7 25 pounds
against 14,43S9 $50 last year and 3S,5S6,7 $50
in 1892 1t seems that large part of the
sales this week We're to fill orders actual
ly booked, and the rush Of belated cloth
iers and dealers to get goods for the fall
trade gives most manufacturers more
than they can do for a month or two,
though there seems 10 be no demand
whatever for spring goods. ana manufac-
turers are making no effort to get orders.
Wool has been advanced for many kinds
/ cent and the average about one-half
cent after the decline Of IL cents from
May /
Recovery in iron manufacture is him
dered by greater trouble in the coke
region, where many Of the new colored
hands have quit and gone back to the
South. and the strikers have decided to
continue the struggle. Somewhat better
business appears at Philadelphia, but the
market here is dull. There is no improve
ment in quantities Of manufactured forms
required at Pittsburg or the West. and
in general the demand for finished pro-
ducts is disappointing. Prices remain
nearly unchanged, though with numerous
small contracts for structural work beams
are a shade stronger, while Bessemer
iron, bar iron and wire nails are a shade
weaker.
"The demand crowds all works pro-
ducing low-priced shoes, while manu-
facturers Of better grades are left de-
pendent upon slender daily orders to keep
their shops in operation. Shipments from
Boston for the week are 25 per cent
larger than last year. and for July y per
cent, but decrease compared with 1892
of II per cent.
Commercial liabilities thus far reported
in failures during July amounted to So
016,778, Of which S4,500, 200 were of man
ufacturing and $4.2S1, $40 of trading con-
Germs, and the decrease of the month
though great in comparison with last
year, Is hardly as much as has been eX-
pected. The failures this week have been
219 in the United States against 1876 last
year, and forty-fOur in Canada against
thirty-four last year"