The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-07-08
BRADsTREET's REVIEW.
Rather More than Average business
This Week, Despite One Holiday.

NEW YORK, July 1.-Bradstreets to-
morrow will say: Holiday observances and
semi-annual stock takings have worked to-
ward quiet in general trade and industry,
but it is significant Of the favorable con-
ditions ruling in this. as compared with
previous years, that trade advices point to
rather more than the average business be-
irg done, notwithstanding the checks to
demand and shipment above mentioned.
Additional results of the seasons work
brought to light are fully as favorable as
those indicated in Bradstreet's report last
week, and furnish adequate basis for the
general air of confidence with which the
business world faces the latter half of the
year. Bank clearing returns fully bear
cut estimates given last week, pointed to
unprecedented totals and enormous gains
for the six months period over preceding
years. while Bradstreets report as to prices
points to a steady strengthening of quota
items of staples and exceptionally few
decreases in prices registered in June. All
indications favor a total of export trade
little below that of last years phenomenal
total. what little falling off there has been
shown being due to reduced European TAX
ings of American food products. Preiimi-
nary reports as to railroad gross earnings
indicate exceptionally good showings for the
month and the half yearly period. the gains.
in fact being the heaviest reported TINS
year. Distributive business on seasonable
account is naturally on a small scale. but
orders for fall delivery are reported particu-
larry liberal and making favorable COMPARE
In the iron trade the strength of prices
ard demand is still the most nota BILE feature,
further advances in pig iron being notable
this week quotations for bessemer iron go
ing well above the $50 mark. The question
of supplies of raw and partly manufacturer
material is receiving increased attention and
e 1fnc
are becoming increasingly numerous.s Side
lights on this condition are furnished by
reports that stocks of Southern pig iron are
the lowest on record and that all furnaces
in the Pittsburg district are heavily sold
ahead. while for the first time In five years
every coke oven in the Connellsville district
Another strong situation is found in the
WOODEN trade. Prices of the better grades
have advanced this week on active demand
from dealers and manufacturers and in SYM
pathy with the advance at London. The
manufactured product is strong and the
new season opens well cotton n mas strength
rains eliminating in disastrous floods In
Texas.
The wheat market has moved within a
narrow range this week. weather conditions
furnishing the basis for most of the changes
shown. the closing days of the week wit
Messing considerable frmness on short COW
ering due to less satisfactory crop reports
from the Northwest. which are. however,
not confirmed. by continued heavy receipts
AT primary flidrhets, oy tne fdtner Detter
than expected outturn Of winter wheat. and
by the confident reports as to trade received
from the Northwest.
Among the industries which report a more
cheerful outlook than for some time past
is that of anthracite coal. which has ad-
vanced Is cents ton. Rather more strength
Is noted in lumber, and the same IL true
OF leather. particularly calfskins. for which
II is understood the government Is in the
market for considerable quantities. Sugar
has sympathized with tendencies of foreig.
markets. In which speculative activity has
figured ccnspicuously The extension OF the
guarantee period on refined grades gives COL
or 20 earlier reports that competition will not
be specially bitter during the canning sea-
SON.
Wheat including flour, shipments for the
week aggregate s.s5s,9s2 bu, against 3.e6S,e26