The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-29
PRICES ON THE RISE
MOST LINES OF BUSINESS REPORT
CONTINUED ADVANCES.
Labor Troubles Less Frequent the
Past Week-Dun & Co. and Brad
street Review Trade Conditions.

NEW YORK, June 2S.-R. G. Dun & Co.'s
weekly review of trade, which issues to-
morrow, will say: Business is better, al
though the crop outlook. affecting pros
poets beyond the near future, is a little
less distinct. There is more ground for
doubt about winter wheat and cotton than
a week ago, and threshing receipts are
comparatively low. though the prospects
for spring wheat are exceedingly good.
The price, l4c lower for the week, is be-
yond mistake too low, If the latest i'm
pressions OF injury to winter wheat are
correct. Receipts for the week are rela-
lively small. but for four weeks have been
$3.50, IA bu, against 5,794. 52S last year, while
Atlantic exports. flour included, have been
for four weeks 4,912, 729 bu, against 7.44i,002
bu last year. Corn has declined a fraction
and pork is steady. Cotton has fallen
3-16c, TO &c, in spite of reports Of serious
injury.
A little buying by Northern spinners sur
prises the market, for their takings have
been more than enough for the years con-
sumption, and returns show a great de-
crease in exports of cotton goods. Specula-
ton has even spread TO the wool market,
and, with an advance OF about lc in prices,
the sales have been the largest ever known
for any CO.. 800 pounds, against O.
S35, Co in koy2. In four weeks OF June
sales have been 16, 132, 465 domestic and
IL. 45l,5 500 pounds foreign, but in 1892 they
were 1870, 100 domestic and IL, Az, 800 for
eign. A growing belief that the domestic
clip is short, and an idea that the coming
London sales, beginning July 2, will show
higher prices, have been more potent than
a little increase in the manufacturing de-
mand, and the price has risen at all mar
kets. Light weights and mixed goods hes
itate, and some are lower than a year ago.
but since the Washington mills opened
clay Worsteds at a slight advance other
medium and better grades have been
stronger in tone. The labor troubles are
passing, with frequent advances in wages.
Copper has been strengthened by a large
sale of Calumet and Hecla for export at
slow at 14.O5c and lead at S.Z7lac. Iron
still advances, Bessemer selling for $3.50
at Pittsburg, and gray forge at 5000. A
further advance in structural forms is ex-
pected; the Western demand for steel rails
at the advance OF s. per con is quite good,
the rise in bar is maintained, and plates
and sheet mills are crowded so that II is
difficult to place orders at current prices.
Tine half yearly report of failures next
Week will include about $500, against u
go for the first half of last year, and
assets of about SIS, 000, 900, against $l0l ,57S.-
152 last wear. But for Cordage concern the
aggregate would be nearly Is per cent. less
than last year and the manufacturing LA
bilities 20 per cent. less, but, including 1t,
the manufacturing liabilities viii be about
$40, ESQ., cc, against Sal, 376. l20 last year, and
year, while miscellaneous liabilities were
only 81, 100000, against S,S56,072 last year.
Failures for the past week have been 26
in the United States, against 10 last
year, and twenty-five in Canada, against
thirty-ive last year.