The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-06
Timers ~Supplies.
REVIEW OFTHE TRADE
REPORTS FROM OVER THE COUNTRY
10Y BETTER CONDITIONS.
fBright-Dun & Co.'s and Brad
streets Weekly Reports.

streets weekly Reports.
NEW YORK, July Or. G.. Dun & Co.'s
weekly review Of trade, which issues to-
morrow. will say: The midsummer reports
from all commercial centers are Of especial
interest, covering the questions on which
the future Of business depends. They in
dictate distinctly better crop prospects than
other official or commercial accounts. a
marked increase in retail distribution of
products, an active demand for goods and
a general enlargement of the working force
with some advance in the wages of more
than half a million hands. At the same
time they show that the rapid advance in
prices has somewhat checked the buying
of a few classes OF products. In some
parts OF the country the outlook for fall
trade is considered bright. Comparison of
prices for various iron products shows an
advance ranging from 72.2 per cent. since
February for wire nails. to IL per cent.
for anthracite pig and in ali kinds aver
aging p Per cent. The demand and rise
have come so suddenly that even while the
first order for shipments Of steel billets
to Europe, given some time ago, when
prices were low, is being announced, the
price here has advanced from 81 in April
to $2-25 or about 81 per cent. Wool is
stronger both here and abroad, the Lon
don sales opening July 2 at higher prices
and the average for 14 ~qualitise of do
nestle wool quoted by Coates Brothers has
risen nearly half a cent since June 10.
Sales have been though largely
speculative. but exceeding those of May
and June in any previous year, being 26,-
ss1,sls pounds domestic 3 and N.4s7,l 100
meslic and 1851 1870 foreign for 1892.
There is a growing recorder demand for
heavy woods and many new kinds of light
weights have been opened with notable ir-
regularities in prices. some lower and others
higher than last year. But the manufac-
pected and the feeling is very hopeful. es-
pecially as labor troubles have substantially
ended. Prices of cotton goods continue to
advance and the mills are generally well
employed. Speculation has advanced cot
ton 3-16c, though the crop news Is favor
able, but has depressed wheat 2 cents in
| materially reduced since June /. Every year
the crop reports are having less influence
and the time is ripe for the radical change
In government estimates which the de-
partment proposes. The year closes with
more than 100000 bales American cotton
available here and abroad and with at least
| $780, 600 bushels surplus wheat, although
some make the quantity 100000 bushels
larger. The crop of oats is certain to be
large and the prospect for corn has greatly
There were 6,657 commercial failures in
the first half Of 1895, against 1893 in the
half of 1898. These commercial failures in
volved liabilities of $751; 39, 944 this year,
against S101. 739. 306 last year, and sl6S. S64 "A
year were 1.254. against 1,5O1 last year. and
liabilities. $40. sol 94s, against s4l,376 l02 last
year and about $50 600, 900 in the first half of
were $685.. against 5.4O2 last year. and la
bilities. $45. 669. $50. against $50. 345, yS last
year and about SCI, O0,00 in 1892. Manufac-
80 ~f2. o4IrrH mana ~. rrnha q ~ N
per cent. of all manufacturing concerns,
against AZ last year, with liabilities averag-
;nE i sss Year fea ey Trsdin nscf fai fGneer We're as "a Of
one per cent. of all firms in business. against
ga last year, with liabilities averaging only
against $50 last year. Banking failures, not
included in above statements were 63. with
liabilities of s1s,e.s. 27S. against 6 last year.
show a decrease in every class of failures in
the second. compared with the first quarter
OF 1895. both In number and magnitude. and
$40 for every firm in business, and $3.04,
against $403 for every $l,OoO solvent pay
ments.
Bradstreet's Review of Trade.
NEW YORK. July 5.-Bradstreet's to-
morrow will say: Notwithstanding the week
is broken by a holiday. favorable trade con-
ditions heretofore reported continue to ex-
ercise a pronounced influence. General ad-
vances in prices Of staples and in wages Of
industrial employees are prominent features.
The extent of the voluntary advances in
wages reported within a month or two has
outgrown the resources of voluntary statis-
teal bureaus which nave endeavored TO
keep track Of them. latest advices being
that more than one million industrial work.
ers have received an advance averaging
about 10 per cent. At the East the most act
i've trade is reported from Pittsburg, where
the revival among the iron and steel in
dustries has stimulated trade in almost all
lines. In the West the most favorable con-
dition of business is reported from st.
Louis and the incentive appears TO be uni
form reports OF favorable crop prospects
throughout the region tributary to that
from the South. Rains continue 10 be DAM
aging to agricultural interests and to check
business in Texas, while at south Atlantic
and Gulf States cities the quiet movement
of staple goods and fair or unsatisfactory
collections of the past mouth or two con-
tinue. But advices from Nearly all cities
reported appear TO agree that wholesale
dealers in nearly all lines are greatly en-
couraged as to the outlook for business
during the autumn, believing that the de-
mand will be greatly stimulated by the
very general and, IL is believed. permanent
Improvement in prices. Exports of wheat
flour included). both coasts Of the United
States and from Montreal. amount to 2.OT.-
900 bushels this week. against 1,946. 600 BUSH
els last week; l.S50,0O bushels in the week
a year ago; 3,517.000 bushels in the first
week OF the new cereal year in 1893: 2.O6O.
600 bushels in 1850. and 2,225,00O bushels in