The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-13
TRADE OUTLOOK BRIGHT
WEEKLY REVIEWS OF INDUSTRIAL
AND COMMERCIAL CONDITIONS.
Prices Generally Firm and Confidence
Expressed by Everybody-Steel
and Iron Works Kept Busy.

NEW YORK, July 12.-R. G.. Dun & Co.'S
weekly review of trade tomorrow will say:
General business continues its even course
with all the leading industries well en-
ployed and with confidence expressed on
every hand. Bountiful crops of wheat
seem assured. and the damage 10 corn.
while considerable in some directions. docs
not promise TO be sufficiently general or
serious 10 at all impede the progress OF the
country. Labor roubl are in process OF
settlement and spectators have been re-
sponsible for most of the unrest which has
been reflected in the markets. Steel mills
are actively employed and there is a dis
tinct Improvement in the demand for fin
ished products. while quotations are with
out alteration. In bars for use by makers
Of agricultural implements there is a brisk
movement, plates are taken readily and
there is no sign OF diminished purchasing
in structural material. Rails are ordered
freely, with notable pressure for trolley
and other light weights. Billets are more
quiet and few new transactions are re-
corded in pig iron. The total number Of
pig iron furnaces in blast on July l as re-
corded by the Iron Age was but three less
than a month previous, and the weekly
capacity was l0.950 tons. Although II is a
trifiing decrease OF 1915 tons compared
with the production on June 1, 1t far ex-
ceeds all earlier records. On July ], 1900.
the weekly output was 2S3. Alb and in 1899 IL
was 263. 1863 tons. The most startling and
gratifying feature of the situation is a de-
crease of 15.2l5 tons i'm furnace stocks not
withstanding an output at the rate OF ever
16, 100 900 tons annually.
Improvement is general in the footwear
industry. although no higher prices can. be
obtained. The market for split goods is
frmer in tone and advances are expected.
while mems satin shoes are in better re-
I ntta IohharG hnRrn 1tOhf CfnoLC Of ann
mer goods which retailers should exhaust
before the season ends. Leather is In good
cemana IN ana nric nrin' w ee : mi. abos mas uosfoce
turers have bought glazed kid in the local
market, and also taken freely OF other
upper feathers. The large buyers OF dry
hides withdrew from the market. owing
to the prices demanded by importers. and
trading became dull.
Textile lines have settled in a steady po-
sition that promises more lasting pros
perity than IL prices had been forced high
er or sensational activity had followed
the altered attitude of buyers. In jobbing
circles Ii is thought that trade will not he
prosecuted vigorously until August, but
statesmen on the road send I'm good orders.
Heavy weight woolens are securing dupli-
cate orders and mills are making extensive
preparation for the light weight season.
Manufac turers are well employed and ex-
hibit increasing interest in raw material.
Wool has not altered in price. but the tone
is drmer and sales increase. Growers are
said to be selling rather than consigning.
while many ranchmen refuse TO do any
business at present prices. In the cotton
advanced prices being fully sustained and
mills keeping wheels in motion. The raw
material has declined. large receipts Of the
old crop and many bright dispatches from
the South having more effect than stories
of drought in Texas.
Bradstreet's Review will say Tomorrow:
There is a f1rmer and better feeling I'm the
iron and steel market. though new business
booked is of small volume. Steel rail mills
are now accepting orders for delivery in
| 1912 AT SgS "A ton. and the DOciffop fc "a
garded as being rather strong. A late-in-
the-week report indicated that an order for
10000 to 10000 tons OF steel bars had been
placed with the Carnegie and Jones e.
Laughlin people by the agricultural imple-
ment men, who were holding out the hope
that the price would be lower. Blast fur
mace statistics indicate a decline in the
weekly capacity from SOC. 991 tons on June
!, TO 303. 1913 tons on July ], but consumption
as stocks declined from 333, Sl3 tons on June
!. to 327. 76l tons on July l, Structural ma
terial Is active. Tin, after soaring or
speculative manipulation, broke toward the
end OF the week as the result of a virtual
coup by the leading bull interest. Labor
troubles. so far as surface indications go.
are approaching an amicable adjustment.
although one conference has ended without
much result.
In wool the situation shows Improvement.
but no speculation appears. Some mills
that have secured fall orders by covering
and buying raw wool. the bulk CT the de-
mand for which is for territory fine me-
III oAA NM az AAAH1 VI 0AdDlF luis T
scarce. New woods are being picked up,
and values are hardening. while heeced
woods are quiet and some Australian woods
have appeared on the market and are sell
ing at firm prices. Carpet woods. on the
other hand. are inactive.
Gross railway earnings for the month OF
June. as reported by Braostreet's, agCre-
gate $3.50. ALB. as compared with so. 10s .62l
for June last year. an increase OF 6S per
cent. In favor OF the month I'm the current
year.
Leather is active on domestic and export
demand, and so are hides and skins. In
shoes a fair line Of business for prompt
shipment Is reported. but forwardings are
below those OF last week. owing TO the holi-
days. amounting as they do 10 -. Isl. against
l0l. 16l cases last week. and Sf.1i9 cases for
the week in 1900. Shipments for the year
TO date amount 10 2.5f3.o63 cases. against p
go. 40 cases IN 1890.
Neither dry goods nor cotton goods are az
active as last week. the holidays affecting
business. but the undertone r. strong. and
cost OF production is more OF a factor in
determining prices OF finished goods.
Business failures I'm the Initcc States for
the week were l99. as against l5 last week.
22l this week a year ago. la In 1873. rs IN
1895. and 27 In 1891. Canadian failures for
the week number p. as against u last week
and 81 last year and p In 1893