The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-13
THE MONTHS RECORD COMPARES
WELL WITT FORMER YEARS.
Weekly Review OF Trade Conditions,
as by Dun q Co.'s and
Br~adstrcet's Agencies.

NEW YORK, July 12.-R. G. Dun & Co.'S
weekly review of trade, which issues to-
morrow, will say: a business flood so
strong and rapid that the conservatives
fear it may do harm is out of season in
July. But the seasons this year lap over
and crowd each other. May frosts and
frights. 1t is now evident, kept back much
business that would naturally have been
finished before midsummer, and the delayed
accumulation OF one season gets in the way
of efforts to begin another on time. But
the volume Of business. however it may be
measured. is remarkably large for the
month, even in a good year.. The exagger-
ated fears about crops have passed, the
syndicate is believed both able and deter
mined to protect the treasury, and the
time draws near when the marketing of
new crops will turn into a national bal
ance If speculation does not hinder.
The week has been notable for a sensa-
tional fall in wheat of Sc in two days,
followed by a recovery of SC, though
neither accords with the Interpretation of
the government report. The sudden drop
in prices was the result of speculative,
rather than commercial, influences. though
year-2,O97 ,645 bushels flour included) from
Atlantic ports for two weeks OF July.
against 4.227.s 15 last year. had their effect.
as well as Western receipts of 1,937,44
bushels, against 2.156.1 1875 last year. The
latest news indicates an enormous crop
of corn, much the largest grown, IL weather
favors, but the price Is only %,c iower lhan
a week ago.
Cotton has not changed. though specula-
ton still turns wholly on prospects,, re-
CARELESS of enormous stocks carried over.
In Europe the manufacturing lags, but
here ii Is satisfactory. The weekly output
of iron was Ill 1874 tons. having risen
4 y 0-0 tons In Itrnn aud .thor ,rnaaoc ax,n
gone into operation since July 4. The rapid
rise In prices has brought into operation
many additional works, and there IS n rush
to buy before prices further advance. In
huential manufacturers are sending out
warnings hat the rise may easily do mis-
chief. and prices. in fact. have advanced
nearly 6 per cent. in two weeks, rut are
10 per cent. lower than in October, 1894.
| The demand for structural forms is enor-
nous, including 5000 tons for No. 2 broad
way and as much more here and ss much
In Chicago In smaller orders. Bessener
pig has advanced to $40 ut Pittsburg.
ural beams to 1.5c and angles to 1.35c.
Copper is sitter at 1o;1oc and lead
at 3.35c, but tin is slightly lower at 14c.
Wool is still advancing with enormous
sales-l2. I14.OO for the week., and in two
weeks of July 26. 1874 pounds were sold.
AS the sales are about four times the
weekly consumption, ii is obvious inst the
market is essentially speculative, bit the
| rise dDFOdQ mas set the country 9Dl9Ee.
so that Western holders are asking oven
higher prices than heretofore. But buy
Ing by most manufacturers IS already af-
fected, and at the prices now asked for
whether a corresponding value for goods
can be realized. Labor controversies in
w sssinst t mills wor have GENERALLY generally o resulted ted
vance in wages has been obtained. A
strike or carpet-weavers at Philadelphia
already affects several thousand and
1 threatens 10 include a UraQf MANY moro
an advance OF ~ per cent. being demanded,
while the market for goods is so dull and
weak that manufacturers unitedly refuse.
Cotton goods continue active and strong.
With comparatively little difficulty as to
labor. The Northern mills have taken lit
tie over LOG. 600 bales i'm the past three
months. since cotton was below cents.
but with cotton bought cheaply for five
months ahead. they are able 10 do good
business.
Failures this week have been 25S in the
United States. against 247 last wear, and
1 thirty-ffve in Canada, against forty-nine
last year.
Bradstreet's Review of Trade.
NEW YORK. July 12.ABradstreet's to-
morrow will say: At the close OF the sec
ond week in July the condition of trade
generally remains practically unchanged.
although commercial and industrial activity
at many points continues more conspicuous
than usual at the midsummer season.
Il I'd tACCD-
tons being found among tie cereals, hog
products. coffee and lead. while, as signif-
cant as anything else. are the exceptionally
favorable outlook for trade in the fall. and
the encouraging promise for the wheat and
corn crops throughout the Central. Western
and Northwestern States. Exports of wheat
flour included as Wheatl amount TO 2.S17. COO
bushels this week. against 2.007 600 bushels
last week, 2.377.o0 bushels in the second
week of July. 1894. 4,13i.G0 bushels in that
week In 1888. and as compared with 2.5S3. eco
bushels in the corresponding week of 1892.
Among Eastern cities there is a change for
the better at Pittsburg. Philadelphia. Balti-
more and Providence. At Atlanta sales OF
hardware are larger. but those OF dry goods.
shoes and groceries are smaller. New Or
leans reports only a fair volume Of bust
ness, less than was expected. VI many Of
the cities throughout the Western and
Northwestern States merchandise markets
present the dizziness incident 10 the first
look for fan trade is reported good. At
Chicago the volume of business is heavier
than expected at this time, collections are
good and the crop market is favorable. St.
Louis. Kansas City, Omaha all report a
fair volume of business. prices hardening
and Unexpectedly favorable crop outlook.
| On the Pacific coast trade conditions con-
tinue favorable. The construction of the
San Joaquin Valley railroad is aiding bust
ness In many directions. Extensive wheat
engagements at San Francisco leave that
ports prospects OF a good fall trade and
Improvement in the salmon catch.
There were 200 failures in the United
! States this week. as COMPARED with l9l In sf