The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-07-14
STEADY PRICE SHADING
IRON AND STEEL, TEXTILE AND
LEATHER PRODUCTS INCLUDED.
No Need for Anxiety About Cereal
supplies-Bradstreet IL Satisfied
with Trade Conditions.

NEW YORK. July 13.--R. G. Dun Co.'S
weekly Review OF Trade tomorrow will
say: If the great increase in failures TO
slO0,5s0.134 in the first half OF 1900, against
si9,6ei.G6l last year. and especially 20
s4S. S9S.07e in the second quarter against
s2l 6S5,6 S5 last year. gave no occasion for
dilisent search. failure returns viii oe
worth nothing. But to-day il is shown that
thirty banking failures for SIS 81. ok.
against thirty-one last year for s7s0l.7eS.
accounted for much of the difference: that
265 brokerage and real-estate failures for
So, 2,346. against las last year for only
81 2S, 2l5. accounted for another part and
that in building anc lumber working and
trade other large failures. distinctly con-
nected with those in real estate, explain
much more of the difference between man.
ufacturing and trading failures last year
and this. In these and much less impor-
tant changes i'm few other lines are seen
substantially all the commercial disasters
as Yet resulting from amazing rise In
prices last year, followed by weary but
largely successful efforts during the past
few months to get back TO a normal state
OF business. When this as seen. and the re-
markable steadiness in number and size OF
the great majority OF the failures not for
exceptional amounts, there appears ground
Tor especial satisfaction that business has
been, on the whole, so soundly conducted
under conditions of unusual danger.
The Iron Age makes the output of pig
2SS,4l3 tons weekly July l. hut the decrease
OF 5000 tons has by this time been exceed
ed, other furnaces having stopped this
month, and repairs of works and wage
scales may yet occupy some time. The in
crease of S6.95S tons in stocks unsold implies
decrease in manufacture more than double
Sc in fnr4f md rlc Of fiars.
OF the great corporations are waiting for
decline In wages just when the workers
have looked for increase. Open markets
are now admitted at Pttsburg, where quo
tations have been for some time normal.
and bessemer pig is offered there at sl6.
Structural makers decided not to reduce
prices, but steel bars there and plates at
Philadelphia are said 10 have sold at 81 Is
Monday with large orders. Coke works.
about - per cent. idle, have no demand
now, and in contracts IL is said that even
$3.50 would be shaded.
Cotton speculation has held the price too
high for the comfort of foreign spinners.
who have not provided for all their wants,
but the arrangement by the Fall River
committee TO close for a month or more "A
large part OF the New England mills will
clear away disputes about the market for
goods The wooden manufacturer is i'm no
better position, with some of the best mills
closed in part or wholly on account of the
uncertainty of demand. Wool is growing
weaker, and is even offered by some West
ern holders at prices which were refused
not long ago. but the mills do not yet know
what goods they will be able TO sell. and
from a temporary idleness there seems for
some no escape.
Prices of shoes are not quotably weaker.
but larger proportion OF the makers ap-
pear disposed TO make concessions already
mentioned frequent So light is new
business that jobbers also seem to have
modified their views. Leather is weaker.
The end Of the crop year has brought the
usual estimates, which command not more
confidence than usual If the country can
get out of crop officially called 5f7.000.0e0
bu all IL wants for food and seed and Co.,
100000 bu for export, with considerable left
over in sight. IL is the easy inference that
anxiety is needless. There IL no evidence
as yet, and for some time 10 come cannot
be. that injuries sustained have been as
great some suppose, so that alarm is
not more necessary than IL was last year.
Failures for the week have been 1856 in
the United States. against 1863 last year,
and 26 i'm Canada, against a last year.