The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-17
NOT so ENCOURAGING AS WAS EX.
PECTED ONE MONTH AGO.
Bradstreet and Dun g. Co. Find Dis.
appointing Conditions on Account
of the Midsummer Dizziness.

NEW YORK, Aug. 1e.-R. G. Dun & Co.
will say in their review of trade tomorrow:
II Is a belated season. Frozen May set
everything back. The heavy business
which ought to have been done in May and
June was pushed into July, so that the
midsummer decline due in July comes in
August. With this in mind, one is not
surprised to find the shrinkage from July
to August rather more conspicuous than
usual. The disappointing crop reports of
last Saturday, though evidently distrusted.
lessen confidence in regard to the future
of trade even while some spectators gain
by them. Back of all doubts is the fact
that the industries are doing better than
anybody could have expected. The output
Of pig iron Aug. l was 1S0, 525 tons weekly,
close to the largest output in 1893, though
surpassed 1900 tons in the spring of 1892.
Unsold stocks are 3S,07S tons, the great steel
companies having made heavy purchases
in advance of needs, but the actual con-
sumption is large. and prices rise in the
face of the increasing output. Bessemer
iron is $l215 at Pittsburg. Plates have adj
in 1895 to- Aug were $4,000 tons and the
deliveries $4,000. Wages in this industry
have been generally advanced and strikes
are few. Minor metals change little,
though large sales lift lake copper to 1214c.
Textile imports have been very heavy
tent check buyine' While Fall River spin
ners are organizing for restoration of
wages paid before the panic. Wooden man.
foreign goods at prices which cause official
Investigations. The sales of wool are $685.
goo pounds domestic and 5.27s,soo pounds
domestic and iso5,5oc foreign last
year and 1l.s6s.So2 domestic and
domestic wool is largely held for specula-
ton of prices about 1c higher than manu-
facturers feel able to pay. Crop reports
modified expectations as to cotton and
wheat and cotton spectators have bought,
lifting the price five-sixteenths while
wheat, with more evidence of loss in yield.
has declined l7se A., third Of the years
hand, but not a third of the years con-
sumption of wheat. Receipts for the
and in three weeks 6.5sS,5S1 bushels against
17,211 ,6SS bushels last year. Atlantic exports
for the week have been SS9,sol bushels
and and for three weeks 2,552,SSo bushels,
against s.242. $50 last year. The official
ports for July show exports Of S6l1.0 OBS
bushels. flour included. against 1OSO0,147
last year, but the Pacific exports increased
five-fold at an average of SIC per bushel,
while Atlantic exports at about 72c per
bushel were but 6022. 1853 bushels, flour in
cluded, against 10, 265. $50 last year. Corn de-
clined sc with favorable news, and pork
fell 25c per barrel and lard 1Sc per 100
Failures for the week have been 1856 in
the United States against 229 last year and
thirty-eight in Canada against forty-five
last year.
Bradstreet's Weekly Review.
NEW YORK, Aug. 16.-Bradstreet's to-
morrow will say: Midsummer quiet is
more conspicuous than week ago, though
less so in industrial than in commercial
lines. AS a rule leading manufacturing in
dustries are exceptionally busy for the sea-
nd IL 90 odI hat ha in
crease in prices of iron and steel still con-
tinues. Gross and net railroad earnings re-
turns for the first half of the present year
show very satisfactory aggregate gains
over last year, a period of great coal and
railroad strikes and of financial and in
dustrial depression and arrangement The
best showings In net earnings are made by
western roads, while the only decreases are
in the grangers and Southern roads. job
bers in the more important staple lines. at
Chicago, st. Louis, Kansas City, Omaha,
Milwaukee, Minneapolis and st. Paul re-
port an improved demand. The outlook at
all those points is for an active fall busi--
an early advance in prices of live stock
probable. At Omaha, country merchants
are said TO be buying more freely than for
wears AT San Francisco leading CONNER
cial lines are quieter Hop-picking is about
to begin on that coast. with the outlook for
only a moderate crop. The wheat crop
prospect in California is rather less favor
able Washington crops are good. Tacoma
reports easier collections, lumber ship
ments about equal to those in the preceding
month and the receipt of 10000 tons of
freight this week from the Orient. Port
land, Ore. wires that the spring salmon
catch on the Columbia river is large.
Throughout the Southern States general
trade remains quiet and in some in
stances auieter than a week ago.
Exports of wheat tand flour wheaD
fror, both coasts of the United States have
been slowly increasing for four weeks
past. This week they amount TO 1.s24.ooo
2g7g 600 bushels in the week year ago.
6.l2s.OOO bushels in the second week of Au-
bushels in the corresponding week in 1891
Exports of wheat and flour during seven
weeks of the new cereal year amount in
IKE neriod one year ago. the total exported
was 10 600 900 bushels. two years ago. ii was
"a 600 900 bushels in 1892 IL was y ,00o,0N
bushels and in 1891 2O,voOOoo bushels