The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-22
REVIEW OF THE WEEK
TRADE IN NEARLY ALL LINES RE-
PORTED TO BE IMPROVING.
Dun & Co. and Bradstreet Find the
Business Outlook Continues
Encouraging.

NEW YORK, June PR. G.. Dun G. Co.'s
weekly report of trade will say tomorrow:
From all parts of the United States the
best advices obtainable tell Of a rising tide
of trade and industry which threatens here
and there TO mount too far and too fast.
The volume of all business Is by means
equal to that of 1892 as yet, though in
some important branches larger than in
other years. fwo influences of tremendous
power contribute TO the riSe-encouraging
crop news and confident replenishing of
stocks, which have been for two years de-
pleted to the utmost. Excepting too heavy
rains in Texas, crop reports this week have
been highly encouraging. Future injury TO
cotton cannot be predicted, ard nothing
indicates yield below 10000 bales, which
is not supposed to threaten famine if the
commercial and mill stocks are remem-
bered, now exceeding 100000 bales, full
consumption until Sept. J. Receipts con-
tnue small and consumption close to the
maximum here and abroad, though the mar
keting of British goods IL not entirely
couraging. Liberal purchases of all prod
ucts by the South do not indicate the belief
that any serious misfortune impends. so,
also, the strong trade in whea.-growing
States accordingly with brighter crop pros
poets Reports from spring wheat States
and from the Pacific coast are so cheering
u,
was large. those whose estimates have been
most accurate in recent years now vary in
predicting from 430,O00.0oO to 470.000,C09 bush
els. Atlantic exports for three weeks. flour
included. have been only rs bushels,
against 6.00S. 232 bushels last year. indicat-
ing no urgent demand at current prices
There has been a fall of cents in wheat,
with heavier sales than for three weeks
past.
The rush for supplies in iron and steel
resemble bear panic in the stock market.
Because prices mounting everybody
hurries to buy. so that they mount higher.
burg, the bar ASSOCIATION has advanced
common TO sl.15: the Wire Nail Assoc:a-
ton put it's price to $50 per key; the
s2i; Eastern and Southern furnaces have
both raised prices again 80 cents per ton.
and structural beams are Sl.35 and angles
H.25. 1t Is undeniable that works in opera
ton are crowded with orders, and others
who have been idle for years are pre-
pairing TO resume. At the same time the
prices, the general belief that a combina-
ton Of coke producers would raise the price
to $50 after July /. is apparently removed
by among the producers, and fall to
sl.25 for contracts for the last half of 1895.
Failures for the week have been 2lS in
the United States against PA last year,
and thirty-one in Canada, against twenty
five last year.
Bradstreets Weekly Review.
NEW YORK, June H-Bradstreet's re-
port tomorrow will say: The feature of the
business week is the customary check to
activity in trading in staple articles of nier-
chandise, due to the near approach of mid
summer, with the accompanying stock TAX
ing in some lines. In addition to this per-
haps the only other thing not pointing to
Improvement Is the reaction of prices on
cotton, coal. wheat, flour. corn, oats. pork
and lard from previous relatively high lev
els. In almost all other directions reports
on the business situation and outlook are
exceptionally favorable. Exports of wheat
(and flour as wheaD. both coasts, this vice..
amount TO 2.S57,3G blu, against 1.7Sl,OO0 blu
last week (when the amount was exception
ally smalD, 1922, 900 bu in the third week
of June. 1894 1858, 600 bu in 1893. 2.t57 900 blu
in 1892 and 100000 bu in the corresponding
period in 1891 The more active Pacific
coast cities are almost alone in presenting
Francisco reports that hot winds have adj
mittedly affected the California wheat crop,
which now will not be likely to exceed 49,
100000 bu Fall trade prospects at Portland
are bright. Tacoma announces exports of
-four, cotton and machinery to the Orient
and lumber TO South America while Sc
attic has sent a large quantity of silver
money TO Mediterranean ports. There have
been no special changes in the condition of
general trade at Western and Northwest
ern cities, but the volume of business and
general feeling at Milwaukee and at Du-
luth indicates Improvement. In Southern
States business continues at ABOUT
midsummer proportions, with improvement
in dry goods and groceries at Chattanooga
and Atlanta, a better feeling in trade cir
cles at Birmingham, and only a moderate
expansion of business at Galveston.