The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-08-11
LOWER PRICES BRING BUSINESS.


NEW YORK, Aug. 1o.-Bradstreet's to-
morrow will say: Trade conditions still ex-
hibit many of the Irregularities incident to
the transition period between midsummer
and early fall trade. Despite the hot wave,
with its effect on the growing distributive
demand, and also because of the reports of
damage to the corn crop which it has in
cited. a more cheerful feeling is perceptible
in general trade. and the booking of fall
orders for dry goods, clothing and hard
ware at leading Western centers and heavy
engagements in iron and steel products,
though at low prices, are of encouraging
proportions. Prices are not showing the
precipitate declines noted some time ago,
and among the really encouraging features
Is the advance In wheat, mainly based on
improved export inquiry. Wool is rather
firmer than of late, because of the better
inquiry, though it must be admitted this
steadiness is somewhat at the expense of
new business. Cotton goods partake of
the strength of the raw material, due to
talk of a possible bullish crop report, and
where weakness is still perceptible, as in
brown cottons, print cloths and wide sheet
ings. the natural corrective of reduced pro-
duction is being Increasingly sought.
IL has been q remarkable year I'm cotton
dIlu tOllOH sOOuSy dllu. dItflOukH the ROO0S
market is relatively weaker than the raw
material, a great deal hinges on the next
months business in dry-goods circles.
While the dry-goods demand, as a whole.
is still classed as backwar for the sea-
son, hot weather is credited with some of
the responsibility, and the trade attitude,
as a whole, is one of hopeful expectancy.
An immense business in steel products is
reported booked at Pittsburg and Chicago,
and steel bars are really frmer, with an
advance of 81 . ton announced by Western
manufacturers, who have sold their output
up to the close of the year. Pig iron is
still rather neglected. but inquiry for this
material is really better at the South,
largely on export account. Current pro-
duction is claimed to be the highest for
more than a year, and further announce
ahead as Sept. 1. A significant feature of
the trade is the strength of structural ma
terial. A large quantity of material is re-
ported needed for railroad renewals, but
steel rails are also nominally unchanged at
SIS a ton. The other metals are dull, and
tin is weak here and abroad at a recession
from last weeks quotations.
Wheat shipments. including -four. for the
week aggregate S.31S, 760 bu. against 1927, 003
last week. 3,6l6.14 In the corresponding
week of 1893. and 1928. 606 in 1895. From July
/, TO date, wheat exports are 1887, go bu.
against %. 125. 060 last season and Is. 35f, 72S in
1898. Corn exports for the week aggregate
ESQ, 1854 bu. against $3.50. COS last week,
$3.50. 36l in this week a year ago, and 3,517.-
952 in 1898. From July !, TO date. corn ey-
ports are p. 1854. OBS blu. against &c, 995. 564 last
season and 1902, 3H i'm 1895.
Business failures in the United States do
not vary much. numbering 172 for the week.
against 10 last week, 156 in this week a
year ago. and Isl in 1895.