The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-07-16
FEW CHANGES IN TRADE
WAR SITUATION HAS HARDLY ANY
PERCEPTIBLE INFLUENCE.
Flattering Growth I'm the Iron Trade
Weekly Review of Dun G.
Co. and Bradstreet.

NEW YORK, July 15.-R. G. Dun & Co.'S
weekly review of trade will say tomorrow:
The destruction of Spanish fleet Europes
quick appreciation of the feat, the raising
or hags of truce at Santiago, and at last
the surrender, have influenced some mar
kets day by day. But Americans have grown
and traders see that not many outside mat.
tiers greatly Influenced the business which
enables them to market $1,2l0, OILS worth of
domestic products abroad in year, against
$6l6,O02.S H worth imported. The new loan
mas proved stupendouS success, over ST.
3OJ,OOOOO0 having been subscribed, and it is
now the question of chief interest whether
any banks will get enough, after personal
subscriptions have been accepted, to sup
port further circulation. Industries and
business are at the naturally lowest point
for the year and therefore the records are
the more impressive.
The decrease in output Of pig iron from
225,318 tons weekly, June 1, to 2l6,311 July l.
mostly due to usual stoppages for repairs
little before July /, carries with it a de-
crease of APIS tons weekly in unsold stocks.
If the first and last of the month repre-
sented average production the quantity con-
sumed in manufacture would be 3.8 per cent.
less than the highest ever attained in May,
small decrease for midsummer, but in
fact the average production was larger and
decrease in consumption was smaller. Just
when stagnation is customary very many
mills are crowded with orders for months,
the Illinois rail mills until December OF
later. with sales this week of 1900 tons and
structural works with few contracts for
10000 tons or more while larger demands
appear tor cars, plates and sheets and bet
ter demand for bars at the East. One heavy
sale or blletS from PittSburg to eastern
pennsylvania at concession of fifty cents,
Is the only real decline in quotations, though
eastern steel bars are shade lower. 1t is
still between seasons for wool, but a few
large purchases indicate some disposition
for business, and the demand for wooden
goods is better, though prices for some have
been reduced and the competition as to
serges seems likely to be excessive.
Sales of wool were but 7,641 700 pounds, s.
5N,2OO being domestic, for two weeks of July,
against A572, 500 pounds last year, of which
II ,965, 800 were domestic. One sale OF 1,50O, coo
pounds OF territory at prices lower than are
being paid by Boston parties in Montana
looks like business in the future. Cotton has
been steady, in spite of good crop prospects,
owing to larger foreign buying. The mills in
this country are doing their share and the
demand for goods is gradually growing bet
ter
Wheat has been dropping in prices under
estimates of nearly 700,000000 bushels this
month, which seems to be as we'll warranted
as overconservative estimates by the same
parties last year. Injury in crops is her,
tice Western receipts are moderate as yet,
but the Atlantic exports for the week were
1859 bushels, flour included, against l.
oil, 49O bushels last year, and Pacific coast
exports of 52l,5l4, against 136,763 last year,
and for two weeks the exports from both
coasts have been 4,SS4412 bushels, against
3,5S7, 500 last year. The foreign outlook has
much improved and the decline in price dur
ing the week was about five cents for spot
and 312 for the nearest option. Corn exports
are decreasing, as is natural, 2,551 ,09S BUSH
els IN two weeks Of July, against 1863 315
last year. The price is one cent stronger.
Failures for the week ending July were
NS54,394 in amount, $946, Gil manufacturing
and 1899, 1853 trading. Failures for the week
have been 215 in the United States, against
263 last year, and in Canada twenty-three,
against twenty-seven last year