The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-04-10
SIGN OF BETTER TIMES
ONLY a SMALL PER CENT. OF FAIL
URES EXCEEDS LAST YEARS.
High Prices Burst Like a Bubble in
Wheat-Dun n Co.'s and Brad
STREETS Trade Reviews.

NEW YORK, April Or. G.. Dun & Co.'S
weekly review of trade will say: Out of
4006 failures, with liabilities of $50. 1872 sol,
in the first quarter, seventy-four banking
failures covered more than a fifth of the
amount. $l2.744.650 and 3,345 failures, with
liabilities of $685. ,s92 or nearly three
fifths, are classified this week, according
to branches of business. leaving only $50
failures and less than fifth of liabilities,
81. 060,019. in branches of manufacture or
trade not specified. Only two of the thir-
teen manufacturing classes and only four
of thirteen trading classes show liabilities
for the quarter larger than last year. and
only five manufacturing and three trading
show larger average liabilities. For the
month of March only three manufacturing
and four trading classes show larger
amounts than last year. and only two
manufacturing and five trading show a
larger average of liabilities. In almost
every case. also. it is shown that the in
crease is due TO one or two exceptionally
large failures in that class The returns
compared with those of three previous
years disclose much Improvement already
and a bright prospect for more hereafter
n sudden collapse in the wheat market.
exceeding cents in day, appears TO have
no other cause than a belated perception
that past accepted estimates of yield and
consumption. official and otherwise, have
been misleading. Floods and other I'M
favorable weather for seeding have no
weight. Expectation of great scarcity and
high prices burst like a bubble, and for
time the only support was the taking of
profits by spectators for fall. Receipts
have not warranted hopes of great adj
vance. nor do they now warrant much
expectation of decline. Western receipts
are smaller than last year, and Atlantic
exports not large. though over go per cent.
larger than year ago Corn receipts con-
tinue heavy and exports for the week were
s23 S3l bushels; against LIE. 40 last year.
amounting. flour included, to only 1,521, 122
bushels, against So. 55S last year.
terially affected the prospect, cotton has
only advanced an eighth during the week
me fate OF those who were absolutely GER
tain that the crop of 1896 was very short
has left but little confidence for further
speculation. Receipts thus far still indi-
cate a supply of American considerably
greater than has ever been consumed i'm
one year, but uncertainty about the coming
crop induces much buying. The demand
though sales of fair magnitude continue
but print cloths are dull.
Speculation in wool has been checked by
the possibility that duties may take effect
April /, and some large shipments from
abroad have been cOuntermanded while
traders here are less disposed TO SELL But
trading between dealers makes nm ,,,oro
than half the sales of II, 739, 400 pounds for
the week. and since sales in six weeks at
three markets have been rs 500 pounds
IL is not Improbable that many mills have
full years supply The demand for
mems goods has diminished the first round
of purchases having been completed by
many buyers, with results fairly encourage
ing, and the demand for dress goods es-
pecially of the lower grades. has caused an
advance OF D per cent. some lines
The iron industry is hampered by the
contest between Mesaba ore interests.
which prevents, as yet. any settlement of
ore prices, and leads many to expect fur
ther decline in finished products. The
at Cleveland and the works of Oliver &
Co. and Byers q Co. at Pittsburg are
stopped by labor difficulties. and some fur
of pig had outrun the demand for finished
products and heavy stocks remained un-
only So and grey forge onsW brings ass
lowest record; but no quotable decline
Is seen in finished products, and nails are
strong.
Bradstrects Weekly Review.
NEW YORK. April 9-Bradstreet's re-
port will say tomorrow: The business
situation as whole shows no gain. Staple
lines are only fairly active Overfiows
washouts and floods continue to do great
damage in the Mississippi and Missouri
of which general trade remains practically
at standstill. Rainy weather extending
from the central Western to Northwestern
spring wheat States has rendered country
roads almost impossible, with the natural
effect on business. AS the region threat
ened includes the richest portion of the cot
ton belt the prospect for delay i'm planting
a second time indicates the possibility of a
heavy reduction in acreage this year
whence the advance i'm cotton this week
Wheat has continued disappointing as
iron to price dropping nearly cents a
bushel on Bradstreets report on an in
crease in the worlds visible supply last
week instead of decrease, expected
due TO larger quantity of wheat in sight
abroad. Chicago has only about held its
ported in trade there. Exports of wheat
flour included as wheaD from both coasts
OF the United States and St. Johns, N. b..
this week amount to 2036. 197 bushels. COM
pared with 2464.O00 last week, l,76iOO0 in
the week a year ago. 1894. 900 in the week
two years ago. 1,905,OO0 three years ago and
2.9iS.0O0 in 1898. Exports of Indian corn
amount to 4.645. 5S5 bushels this week. com
pared with 4.910000 bushels last week. .39I-
600 in the week year ago, Sli, 900 two years
ago. 1.427.900 three years ago and sos 900
bushels i'm 1898.
Business failures remain at the lower
level recently reported. 232 this week com
pared with PIP last week. 23l in the week a
year ago, 225 two years ago and 211 three
years ago. There are thirty-two business
failures reported from the Canadian Do
minion. against thirty-eight last week.
thirty in the week year ago and twenty
six two years ago.
Building Permits.
John vinson, frame shed. Hamberg street s2O
John Reiehard. addition. 6S Park avenue. slu0.
George O. smith, poren. villa avenue, 800