The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-25
TRADE IGNORES THE WAR
LITTLE EFFECT ONE WAY OR 9TH
Err SINCE FIGHTING BEGAN.
Collapse of Wheat Deal Caused
Only Temporary COnfusiOn-Dun &
Co.'s and Bradstreet's Reports.

| NEW YORK, June PAR G. Dun & Co.'S
weekly review of trade will say in to-mor-
rows issue: Very little of the new business
| seen, in proportion to the aggregate, has
| been caused by the war Not any, discov-
| cradle by ordinary tests, has been prevented
| by war. Neither has the collapse of the
wheat speculation caused the expected de-
| crease of shipments, for exports continue
remarkably large. Gold comes or does not
come as we want it, the worlds markets
being evidently at our command. An Offering
| of bonds by the government brings out at
| the start bids for more than three times the
| amount offered, while the popular subscrip-
| ton already for three quarters OF the
amount exhibits in strong light the conf
| dence CT the people.
| Wheat ceased to fall and begins to rise
| in price because foreign needs are not yet
| satisfied Atlantic exports for the week
were, flour included, 3,246, 205 bushels, against
| 1,445,947 last year, and Pacific ex-
| ports 517,153, against S7OS9 last year,
and the demand is not of spec
ulative character. The worlds need of
| grain is greater than ever, and 213S21 ,567
bushels of wheat and 2O7 ,4S3 bushels of
corn have gone abroad already, with week
| to spare far more than was ever before ex-
| cash and TIC for July, wheat rose to SIC
for cash and 79c for July, with foreign de-
mand. Corn was steady, without much
fiuctuation, exports being 2,574,723 bushels
| for the week. against 1,66O 1922 last year. OF
other grain, exports have been unusually
| heavy.
The industries at the season when stop
| pages are to be expected, maintain produc-
| ton surprisingly. There are very few inter-
| ruptions on account of labor, and wage
| scales for the coming year have nearly all
| been amicably settled The iron industry
| is very dull in the East, with complaint
| that prices do not RISE but at Pittsburg and
| the West the works are getting more bus
| mess constantly, and are even competing SO
| sharply that prices are slightly lower for
| bars, cut nails, steel rails and grey forge,
| while Southern iron is also offered lower
| there than at the East. The enormous de-
| mand from agricultural regions for imple-
ments, fencing, cars, railway equipment and
| all sorts of building is the noteworthy fea-
| ture of this remarkable year. Minor metals
are fairly steady, with tin at 1872 cents.
produced in the United STATES and 64S6
abroad in May, and lead is stronger, at 1896
| cents, with only moderate transactions:
Wool is a shade stronger 100 quotations
by Coates Brothers averaging 1872 cents,
| against 1854 June l, because of Western
demands, which are relatively cents above
prices which manufacturers will pay. ex-
| cepting to fill immediate orders. AS the
| future of the trade is in doubt, though with
more hopeful prospects, sales of wool have
been in three weeks only 300 pounds at
the three chief markets, against %, 5S5 100 in
| the same weeks last year, and .23,72S,2OO in
the same weeks of 1892. Cotton has weak
ened three-sixteenths with excellent crop
prospects, but larger demand for goods is
seen, though not as yet enough to cause any
advance in prices. Reports of distribution
are generally encouraging.
Failures for the week have been 2S5 in the
United States, against 216 last year, and II
in Canada, against "a last year.