The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-03
TRADE FALLING OFF
SUDDEN HALT TO IMPROVED CONDI.
TION IN BUSINESS.
Industries That Boosted Prices Re-
Gently VIII Have to Put Them
Back Where They Belong.


Co.'s weekly review of trade. which issues
tomorrow. will say: There is perceptible
halt which may deceive If attributed to
wrong causes. Trade two months late in
spring pushed forward into July large
share of business belonging to April or
May. Seeing a rush of orders out of time
many imagined 1T would continue, and
hurried to give other orders. The jam of
two months business into one lifted prices
Then other orders came to anticipate a
further rise. But the midsummer halt was
inevitable, and 1t is yet somewhat uncer-
tain how much Improvement will appear
after IT. The crop of corn promises to be
the largest ever grown, and Is almost out
of harms way. The crop of wheat APP
pears from later accounts perhaps 100000
bushels smaller than was expected
month ago. and had the best hopes been
realized IL would have been more than
100 100000 bushels short of a full crop. Cot
ton has lost little and more people seem
to believe in 100000 bales than believed
In 100000 month ago. Larger stocks
than were Immediately wanted have been
taken by traders as prices were advancing,
and these tend to limit future orders.
The general advance In many products
also causes reluctance to purchase, and the
distribution of the past half year has been
vidual supplies depleted during two years
OF economy. On the other hand there has
been enormous increases in the working
force and considerable increase in wages
paid, which enables people to buy more
freely. Strikes of some Importance ap-
pear, but do not yet threaten to last long,
though strike of coal miners may for
time affect business somewhat extensively
The hopeful spirit prevailing in nearly
all markets may find its warrant in spite
of some shortage in crops
For tha frat fir,,a sipoa tho rice - ,r;uo.
of iron products began there have been
some concessions to retain business and
enorts OF new works to get orders tend to
check the advance. In spite of this the
general average of prices is a shade higher
bar having risen relatively more than
mill iron has declined. The market for pig
strong, with the prospect of increased out
put. Finished products are generally
present be met for plates and for bar. The
structural demand continues large, includ-
ing three thousand tons for one new build
ing at Observation-Disclosures
street, but the expected demand for rails
is yet delayed Great speculation in copper
stocks has brought out some extrayagant
statements Of demand and profits. but 1l%
the consuming demand Is actually heavy.
Tin has remained strong in spite of large
arrivals and visible stocks 5000 tons larger
than usual and lead is stronger In tone
Business in cotton goods has been the
largest In July for several years. reckon
ing deliveries, but not large. as to new
has been made with moderate demand for
some Dleacned and brown goods and prices
a are firm for for sheets and drills. while
advances. Sales of wool have been only
6.072. $50 pounds for the week, against g.
$50 400 bs1 In rssS Wheat suddenly rose cents
dropped all the gain as the scantiness OF
exports is felt shipments in July having
Deen only 3,495,064 bushels, flour included
oirrcf q
year western receipts continue very
small and farmers appear to be holding for
n,gner prices. Corr is shade stronger.
able: Cotton has risen an eighth in price.
wholly on bad condition reports. but at the
Lowest Lowest estimate the years yield. with
demand Heavy sales of coal are reported
at prices at least 20 cents below the cir
GUAR and tne market Is much demoralzed,
with fear Of auction sales.
raiiures Tor the week have been PSI in
the united states, against go last wear
and % In Canada. against A last year.
Brndstreefs Review.
NEW YORK, Aug. 2.-Bradstreets report
tomorrow will say: The week presents
larger volume Of trade in many lines and
at many points than the weeks before and
one year ago. The rush of orders for steel
and iron leads in interest. displaying re-
markable strength. Western manufacture
ers have been obliged to purchase Eastern
billets to meet their orders. Another con-
spicuous feature of the week is the evil
dence of reviving confidence on the part
OF Western, and Northwestern in
terror merchants. now that the
corn and spring wheat crops promise
well. This is shown plainest at Chicago
ST. Louis, Milwaukee and St Paul where
order demand and sales to buyers in per-
son have increased to a striking extent
At the South general trade remains Of as
moderate volume as previously noted
Nashville and Galveston alone reporting
material gains. There is a better outlook
and feeling at Charleston. but elsewhere
midsummer quiet rules. Delay in raying
the sugar bounty affects trade very un-
favorably in louisiana
Trade on the Pacific coast is of mod
crate volume. fair for the season. Tacoma
and Seattle reporting an expansion az de-
mand and Portland and San Francisco no
material cpange. Exports OF wheat flour
included as wheat. from both coasts of
the United States and from Montreal show
a moderate Increase over a week ago the
total being 1.i60.000 bushels. a gain of about
100000 bushels. This is due to Increased
exports OF -four. principally from New
York. Baltimore and Newport News This
weeks total OF wheat and flour exporfs
OF 1,460.0o0 bushels is con.rasted with q
$4,000 bushels a year ago. 5,622. 900 two
years ago. $4,000 bushels in the CORE
spending week OF 1892 and 4,03S.Oo0 in a
like week of 1891