The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-07-29
Movement Of Products Continues I'm
hampered with Enormous Re-
ceipts OF Grain.
HEAVY ADVANCE In PRICES
CAUSES sLACKENING DEMAND FoR
IRON AND STEEL OUTPUT.
Flattering Records Reviewed in
Weekly Reports Compiled by Dunn
s. Co. and Brandstreet.

NEW YORK. July cs.-R- G. Dun Co..
in their weekly review OF trade, win say:
There is certainly room for some decrease
when the volume of payments through the
clearing house In July is Az per cent. larger
than last year. and 59.s per cent. larger than
In 1892. the best Of all previous years. So
great an advance would warrant expecta-
ton of some setback under ordinary cir
cumstaEces. This year the unsual freedom
from labor troubles about July i Is followed
by some signs Of a tendency to strike be-
cause great works are committed far ahead
and cannot halt without loss. But the In
terruption OF business by labor troubles OF
all sorts has been less than in any other
July for years. Nor is the movement Of
products hampered. Western receipts Of
wheat in July have been Is. SIS ,s8 bushels.
as against 1906, 1888 last year TO date. and Of
corn @,4 ,2ol, against 9.l77.355 last year.
even the latest week showing large gains
over last year. Exports Of wheat from both
coasts were 1888, $50 bushels. flour included,
against 8, S33, 1S2 last year. Corn exports also
continue surprising. n,Gs4. 81 bushels for the
month so far, against 1858 last year.
In spite OF the large foreign buying, cot
ton declined to 612 cents.
Official returns make the iron output for
the first half of 1899 only 6,2se.ls7 tons. with
decline in known stocks outside the great
steel companies Of 2Ssl40 tons. and net ex-
ports were probably over 10000 tons. Wills
the increase of steel companies stocks
would probably make actual consumption
less than it has been estimated. II Is much
larger than ever before, and yet appears less
than the production of June. while the pro-
duction has much increased this month.
Meanwhile 10 advance in prices Is signid-
cant of a slackening of demand In some
important branches. The heavy rise In
prices naturally cuts Off much buying for
an advance. and retards buying for con-
sumption. All records are broken In the
Connellsvile output Of 10000 tons Of coke
for the week. with 1904 ovens yielding and
only ga idle. Copper is strong at lSlz cents
for lake, with spot scarce and lead weak at
ass cents. but tin is quoted at 31-55. London
leading as usual.
Manufacturers have been buying much
wool, it is stated, but less the past week, al
though many are taking sample bales.
Goods are in fair demand. but no further
change in prices is mentioned. Sales in four
weeks have been &c, 779. 600 pounds. OF which
3S.95i.s00 were domestic. In 1897. with new
tariff coming. speculation took 4s.loe. 200
pounds, normal consumption being about
half that quantity. Cotton goods are strong
er for bleached, and the general tone IL
good in spite of cheap cotton. Shipments OF
boots and shoes from the East in four
weeks have been 3si.3I9 cases. against 49,
$50 last year. and In 1895. the nearest pre-
vious year, 35l, 1853 cases. Leather continues
strong and scarce, with a combination q
packers lifting prices OF hides at Chicago.
so that many of the tanners are quitting the
market.
Railroad business Of July shows the larS-
est increase in any month Of this year. Isl
per cent. larger than last year and 1o.4 per
cent larger than in 1892.
Failures for the week have been Isl In
the United States against 255 last year. and
twenty in Canada against twenty-stx last
year.