The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-30
DIsTRIBUTIvE TRADE DULL.
Prices Of Manufactured Articles Weak
The Cereal Situation.

NEW YORK, June 3.-Bradstreet's to-
morrow will say: Distributive trade is dull.
~seasonably so in most instances. and prices
OF manufactured products are generally
weak. but exceptions to the former are
found where crop conditions are excep-
tionally promising, and I'm the case OF
prices where the readjusting movement
has been overdone on the downside. TIE
upward rush of wheat prices eliminated
at the close of last week and the reactions
and irregularity since. mainly due to heavy
realizing, would point to the movement
having been temporarily overdone. Reports
of rain in the Northwest. though IL ~
claimed too late to help the crop in Min
nesota and the two Dakotas, have had
some reassuring effect and second thought
apparently inclines bears TO the belief that
the late advance discounted much OF the
expected, or predicted, deficiency in Yield
OF the worlds crop. Advices from the
Northwest are of little more than half q
crop of wheat, but estimates as TO tho
government report OF l60.000,00o hu, or the
commercial estimate of 200,0o0.0 00. in the
Yields of last year. in the three States. are
used as a basis.
weather ii the corn belt. sympathy with
the early advance I'm wheat and. what il
more important, apparent increased popL-
larity of corn on home and export account.
was responsible for this cereal reaching
the highest point paid for a year past
Oats and other farm crops also SYM
pathized, as did most hog products.
Sugar Is at the highest price reached at
this time for ten years past. owing TO ac-
tive canning demand and the strengthened
position of raw. The war in China Is
~chargeable with the advance In teas, not
only from the former country, but from
Japan, some interruption in transportation
being apparently looked for II the Asiatic
trouble increases. Heavy rains are CONF
planned of in the entire cotton belt East OF
the Mississippi river and the crop is very
generally ''in the grass" The result has
been an advance OF 1-3c on new crop flu
! supplies, the visible being 10000 bales
smaller than a year ago. has resulted in
an advance of nearly nc on spots.
Reports from the iron and steel trade
are as pessimistic as ever. Nomipally
| quotations at Pittsburg are unchanged but
IL is claimed buyers can get supplies 81 to
Sc lower. AT other markets pig iron and
bars among finished products are unques-
tionably lower. A comparison of present
prices with those a year ago show that pig
iron is little above last year. while steel
billets. bars and plates are all lower. The
reduction In structural material has
brought little new business.
Wheat. including flour. shipments for the
week aggregate 3.14S.1A bu. against 4.645.1s3
last week. 3.26s. 99s the corresponding week
last year and 4.16. f0i bu in iS9s. Since Juiv
/. the exports OF wheat aggregate 1e9.e5i.9f;
bu. against 25.03S COS last year and 23S. $3.50
in 1928. Corn exports for the week az
eregate 4.0o0.64 bu. against 2.5i4.593 last
week. 4.4S2. I16 in this week "A year ago and
| 2.601 $50 in 1895. Since July 1. corn EXPORTS
aggregate zoe. 769.5a bu. against is9. 7so.27t
during the same period a year ago and
197. III $40 I'm 1898.
compared with 167 last week. 15s I'm this
week a year ago and l3 i'm 1895.