The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-07
BUSINESS EXPANDING
H
WAVE OF PROSPERITY is SWELLING
AS AUTUMN APPROACHES.
-%
General Trade Brisk, Industries More
Active and Prices of Merchan-
disc Firmer and Higher.
BANK CLEARINGS GROWING
TOTAL FOR THE UNITED STATES
THIS WEEK WAS $1,141, ,s02,7e3,
An Increase of 25.2 Per Cent. Over the
Corresponding Week Last Year
Marked Decline in Failures.

NEW YORK, Aug. 6.-Bradstreet's to-
morrow will say: General trade shows the
most pronounced gains this week at Chi
cago. st. Louis and Galveston. The feel
ing of confidence that general business is
to improve in the early autumn is marked
at these cities, and purchases of dry goods,
clothing, shoes and other staples have in
creased heavily and are followed by a dis
position to crowd prices up. Purchases
We're restricted at Kansas City, Omaha and
some other Northwestern points early in
the week owing to extreme heat and fears
of damage to the Indian corn crop but
rains and cooler. weather have stimulated
demand again. On the Pacific coast bus-
ness is brisk, the feature in California be-
ing heavy wheat shipments TO San Fran
cisco; at Portland large exports of lumber
and at Seattle and Tacoma active demand
for supplies for Alaska and the Northwest
territory, and for wheat, fruit and hops.
The movement Of general merchandise
throughout the country is unqeustionably
larger than last week, cotton goods and
wooden industries are better off and the
stagnation in iron and steel has given way
to a growing inquiry and increasing o
put But more significant still is the ex-
traordinary expansion in bank clearings
this week and last month.
The upward tendency of prices during
the past three weeks is again a feature,
wool being firmer and higher for some
varieties. Cotton yarns are stronger also,
as are some grades of cottons at the West
Shoes are no higher but leather and hides
cost more than week ago, as to wheat
Notwithstanding the reaction in September
options) wheat flour, pork lard Pacific
coast hops, sugar soft coal and tea There
is a 20 cent advance in Bessemer pig iron
at Pittsburg, where makers decline orders
for future delivery at current quotations
and for iron bars and iron and steel sheets
at Western centers. In fact, our predicted
revival In iron and steel has appeared.
Quotations for cotton and print cloths re-
main practically unchanged while those
for Indian corn and oats are lower on i'm
proved crop prospects. Other products,
quotations for which have declined, are
coffee, petroleum, turpentine and rosn
Exports of wheat (flour included as
wheaD from both coasts of the United
States and from Montreal this week show
sharp increase, amounting to 3,90S, AT
bushels compared with 2,3430O0 bushels last
week. 600 bushels in the week year
ago. 1,550,0O0 bushels two years ago, 3,417OOO
bushels three years ago, and as contrasted
with 5,01S.000 bushels in the like week
of 1893. Exports of Indian corn this week
amount to 1928, SS5 Bushels, compared with
600 bushels last week, 1857 900 bushels
in the week a year ago, 1,10SO 900 bushels
two years ago, 226,000 bushels three years
ago, and as contrasted with 1881 900
bushels in the like week of 1898.
There are 214 business failures reported
throughout the United States this week,
compared with 259 last week, 269 in the
week q year ago, 200 in the corresponding
week of 1895, 1877 In the like week of 1894
and 474 in the first week of August, 1899.
There are forty-one failures reported from
the Dominion Of Canada this week, com
pared with thirty-two last week and thirty
five in the week q year ago.