The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-15
NO LONGER IN DOUBT
ALL KINDS OF BUSINESS GREATLY
IMPROVED OVER LAST YEAR.


NEW YORK, June H.-R. q. Dun &
Co.'S weekly review of trade, which issues
tomorrow, will say: 1t is no longer a
question whether business improves. Not
for long time have reports from all
parts of the country been so uniformly
favorable. The daily average of bank
clearings in June Is 24S per cent larger
than last year, though ia per cent less
than in 1892. The most potent influence has
been receipt of more favorable advices re-
garding growing crops. Labor troubles are
getting out of the way, wages in many
establishments are rising and with the iron
industry just now leading. there is general
improvement in manufactures. Monetary
conditions also help. The time draws near
when with good crops exports will bring
gold hither, and though foreign operations
in stocks and bonds have been insignia
cant this week, the effect OF previous
transactions has not been exhausted
Much diminished receipts of money from
the interior indicate better employment in
business, especially at the West, and the
volume of commercial loans is steadily
rising, and is now fair for this season, even
in good year. Western receipts for two
weeks of June were 3,116,679 bushels of
wheat, against 1901, 2O2 last year, while
2,364,sE bushels, against 4sSO,227 last year
Effects of the rise in prices were seen in
the official reports of May exports, show
ing a decrease of 100000 bushels from
Atlantic. but an increase of. 100000 from
Paci1c in exports. The price was reduced
2l2c in trading. Corn also declined about
lc :r with better reports Of growth.
cotton acreage was quickly found in view
OF revised government estimates for last
year, to mean more than twenty million
acres now growing cotton, which much ex-
ceeds the best unofficial estimates and from
an area no greater over 100000 bales were
produced in 1891. so that the report gave
no aid to prophets of evil That some re-
duction would be well for the south is
clear. but the heavy present surplus will
cover larger loss than seems probable.
Cotton mills doing well for the season,
and numerous advances of &c TO Ac in
brown sheetings. drills. bleached muslins.
wool manufacturers look for speedy settle
ment OF labor troubles and find moderate
demand for low and medium and heavy
lines of spring goods have opened with en-
couraging results, but to better grades
there is still great uncertainty about
prices.
The output of pig iron June / was but
trife larger than May l. 157. 24 tons, against
s stoss. month ago and lS22 "a year ago.
5s1 tons by stoppage of many Mahoning.
Shenango, Illinois and Virginia furnaces.
in prices continues. Bessemer pig reached
sl2. 40 and grey forge $1O.65 at Pittsburg
and changes in all iron products show an
1873 per cent. from the lowest point in
February. For this conservative industry
the rise Of 70 per cent. in Bessemer pig
iron seems large. but ii compares with 81
per cent In cotton. % per cent in wheat.
90 to 20 per cent in leather. so per cent in
refined ,ho oil and 1s over loo per cent in hides
prices ever known and remarkable gains
were to be expected when any came, but
with each consumption has yet TO justify
The anthracite coal trade does not main
tain the Improvement recently reported and
with palpable overproduction, bad faith
being charged again. the price has declined
% cents. The coke producers about Con-
nellsville have not yet made any declara-
ton of their new compact. but contracts
year with provision for advance if wages
rise.
in the United States, against 2S2 last year.
and twenty-four in Canada, against forty
last year.
Brndstreet's Review OF Trade.
NEW YORK, June 14.-Bradstreet's re-
port will tomorrow say: The recent check
to the activity in general trade. taking
the country as a whole which followed the
severe and unusual frosts of the close of
May. has begun TO register itself in rela-
lively fewer upward spurts of prices for
staples and moderately smaller totals OF
bank clearings. The cereal crop scares
which followed the frosts. frightened for
eigners out Of Wall street for the moment
and since then the speculative exchanges
and leading commercial houses have been
busy trying to determine future values on
the basis OF present conditions. The excep-
ton to the halt is found in the remark
able exhibition of strength by iron and
steel. which. without special orders from
railroad and other large consumers. have
again advanced all along the line. Exports
of wheat with flour wheap from both
coasts OF the United States and Canada
show a surprising decrease. the total
amounting 10 only l.7Sl. 49, bushels against
2.39l. coo bushels last week; 2,254O00 bushels
two years ago; S.3S6,0c0 bushels three years
ago and compared with 2.3i2. 600 four
years ago. Boston. Montreal and Baltimore
report very much smaller shipments of
wheat than last week and Newport News
much less -four. This weeks total wheat
and flour shipments appear 10 have been
the smahest since the second week in
June, 1891. There have been few changes
in the trade situation at the South but
these are in the direction of improved de-
mand. principally in dry goods. SHOES. hats
and other seasonal bic goods. with the pros
poets for a good fall trade should the crop
4 "a - al rrpc