The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-20
WHAT BRADsTREET's SAYS.


NEW YORK, July 19.-Bradstreets to-
morrow will say: Heat. drought and strikes
have furnished their quota of disturbing
influences this week. but despite these
fair volume of business gees forward. and
nearly all markets have taken the develop
ments of the week GALL of which, by the
way, have not been unfavorable) calmly and
even cheerfully. While only scattered rains
are reported in the worst afflicted sections
Of the corn belt and much more rain is
needed If damage is to be repaired, the
rest Of the country reports a fair amount
Of moisture, and the South Atlantic. the
Central Western and the Northwestern
States return more favorable advices than
a week ago. both regards the crop out
look and the business doing. The great
strike. closely followed by the tie-up of
hard coal miners by a few mine firemen,
has resulted in the greatest suspension OF
labor reported for some years, but IL is 10
be borne in mind that this season is the
natural one for vacations, and nothing IKE
the maximum number of men reported on
strike is thought TO be out Fair estimates
place the number OF men actually striking
in the steel trade at less than $1,000. ana
the number of idle coal miners will not
equal this amount. On the other hand, the
machinists' strike has shown signs OF dis
Indignation, and is generally conceded 10
have been failure.
1t has been a weather market for cereals.
The week was ushered in by severe break
in corn, by which much of the advance on
dry weather stories was lost, and quota
tions hardened again as the week advanced
on reports that the rains falling have only
afforded partial relief Wheat synpathlzed
in the early break but strengthened again,
not so much on bad crop reports at home,
for dry weather is still complained or, as
because of a decided slump in the export
business and advices of Spanish and French
buying here for quick delivery. The oat
crop prospect is a poor one, ana That cereal
is attracting increased speculative interest.
Iron and steel a whole are unsettled
by the strike, which is, however, connneu
&c one locality, the central West, ana,
again, affects only the tin-plate, the sheet
and the hoop mills within that territory.
The usual summer shutdown, which In
creases the number of those idle from other
causes. has led to some apparent over
estimates Of the number on strike. The
outlook is with a continuance OF the strike.
for some weakness in the cruder forms OF
iron, which will. of course, tend to accumu-
late and on the other hand. induce some
! advance in the finished products affected
directly by the strike.
better tone for wool is noted at nearly
! all markets. and prices OF finer grades,
fine Territory and Australian woods are
steadily hardening: Textile manufacturlns
is on a better footing than 1t was a month
| ago Cotton goods are firmer and many
! OF the mills have booked so large pro-
portion of their output that they VIII take
additional orders only lat value" Raw
cotton has been quiet, but on the whole
rather firmer, owing &c the reports OF dry
weather damage, particularly in the west
ern half of the corn belt. Bradstreet's ad-
| vices Indicate a distinct Improvement in
the eastern portion Of the belt.
Boot and shoe shipments from Eastern
| markets are smaller than last week, but
well ahead of last year for the week
and season: Orders are of good volume
! Wheat including flour, shipments for
the week aggregate 5,221. 800 bu. against
! 5l56 149 bu last week. 3029.3 S1 bu in the
| corresponding week of 1900. S.40s.073 bu in
! 1889 and 2S05,46 bu in 1898. From July
l TO date shipments aggregate 12762. 455 bu
! as against ISL $40 bu last season and 9,177,-
SOS bu in lS99-l900 Corn exports for the
week aggregate 1.714OS1 blu, against $500. I3S
/ bu last week 41S2, 159 bu in this week a
| year ago, 1856 29i bu in 1899 and 2,S22, l2S bu
! III 1898. From July l TO date exports ag-
eregate 6.0OS. 767 blu, against 10.613755 bu in
| the season of 1900-l90l and 1881, 4S3 Blu In
| 1899 1900
Business failures for the week in the
! United States were 2GS. against 199 las
week. 202 this week year ago. ia in 1899
fSS in 1898 and go in 1897. Canadian fail
ures for the week number rs, agains
/ % last week, 26 in this week year ago
| 10 in 1899 and II in 1898