The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-02
REIMBURSEMENT OF PRICES.
1t Is the Principal Feature Of Present
Trade Conditions.

Trade Conditions.
NEW YORK, June 1-Bradstreets will
say: Readjustments of price quotations
to meet the changed conditions of supply
and demand are still the leading features
of the general trade. In volume the bust
ness doing is of a between-season charac-
ter, Improvement in some lines being coun-
t~erbalanced by increased dizziness In other
branches. That the basic conditions of the
trade are in the main of a favorable nature.
however, is proved by the continued good
railroad earnings, returns of which come
to hand. The fact seems TO be that the
volume of business offered for transporta-
ton in this country continues consider
ably in excess of a year ago. Crop reports
are relatively most favorable as regards
corn and oats. In the Southwest wheat
crop prospects are still maintained at a
high average. In the Northwest wheat has
been helped by late rains, but on account of
their late arrival it is not certain how
much benefit was obtained thereby. Most
a fractional drop, despite unfavorable
French crop advices, an enormous reduc-
ton in yield being predicted, and also
rather blue reports IRON g., the Nortnwest
III III lHN WIN Rhta1 ~ 80 1922
by the rains mentioned. Pork products
have sympathized with the downward
tendency of value, aided thereby by In
creased receipts of hogs. Some further
liquidation has been noted in cotton. The
price has sunk to 8 cents. In textiles the
situation is rather depressed. although
some Improvement In recorders for dry
goods is noted in leading jobbing centers.
Print cloths nave been marked down by the
Fall River committee, but this Is merely a
tardy recognition of hitherto known facts.
Manufacturers of wooden goods are out or
the market for raw wool.
The hand-to-mouth domestic demand for
iron and steel continues, but the number
of small orders received is taken to indi-
cate that consumers are practically bare
of stocks, and any general shutdown for
a months time, such as is proposed. might
lead to a scramble for supplies. Export
business continued good, though limited by
the scarcity of freight room. Southern pig
The situation in the pipe market is no bet
ter and plates are also weaker. Conces-
sions of fractions of a dollar are appar-
emily easily obtained for pig iron, but
throughout the trade the feeling Is rather
more cheerful, the opinion being that lower
prices will, on the one hand, encourage
consumptive demand. and on the other
tend TO restrict production by less econom-
ical plants. The settlement of the wage
situation this year might also be a possible
source of restriction of production.
Wheat shipments. including flour, for the
week aggregate 4,055,ltV Du, against o,oSo.5oo
last week, 1885, 65 in the corresponding
week of 1899, and 5.24S,0S6 In 1898. Since
July l exports of wheat aggregate ls2. 9l6.596
bu, against 2l2, 065. 574 last year and ZIG. 1851 55
in 1898.
Corn exports for the week aggregate
3.SS2. 204 bu, against 4.374.145 last week,
1922, 497 in this week a year ago. and $685. 23
in 1898. Since July l corn exports aggregate
1s9, AS, Gas bu, against 155, sO0.534 during the
same period a year ago. and Isl, l33. loo In
1928.
Business failures for the week in the
United States number l35. as compared
with 167 last week, 129 in this week a year
ago and lis Ia 1898.