The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-06-08
GOOD WEEK In BUSINESS
ONE OR TWO BAD SPOTS HAVE LIT.
TIE GENERAL EFFECT.
Cereal Movement IL Very Heavy. but
Iron and Steel Are More Quiet
Heavy Boot md Shoe Trade.

NEW 1OKh, June TX q. Dun * Coz
Weekly Review of Trade tomorrow will
say: The labor situation in many parts OF
the country is still seriously unsettled and
constitutes a reason for hesitation in some
industries. discouraging new operations
which satisfactory conditions would other
wise stimulate. But quick decision is To be
expected in some OF these labor controver-
sizes and in the meantime trade is encour-
aged by reports of satisfactory condition
of winter wheat over a large portion OF the
country. AS for spring wheat. the crop
was Put in under very favorable conditions
and there have been few unsatisfactory re-
ports. Railroad earnings for May. 9e9 per
cent. in excess of 1900. and 2.s2 over 1899 re-
fleet continued activity in the country.
The cessation of manipulation I'm corn con-
tributed 10 decline OF 81 per cent. IN
breadstufs.
Labor controversies have become the
factor Of greatest Importance in the leading
manufacturing industries Counting. per-
haps. upon the urgency OF orders and heavy
losses which would be suffered by employ
ers in case of suspension. the machinists
made what were considered unreasonable
demands by employers and manufacturers.
who have taken a determined stand and an
nounced that the strikers places will be
filled by nonunion men on Monday IL they
fail TO resume work. More quiet conditions
i'm the market and few new contracts make
this action possible. AS a rule manufac-
turers have not sought business beyond
July and II looks though they had been
preparing for the conflict Pig iron is ex-
tremely dull not a sale OF bessemer being
reported during the week at Pittsburg. and
quotations nominal Large contracts
for rails sustain billets. and finished steel
deliveries continue heavy. Shipments OF
farm machinery attract much attention
whle bridge building, new vessels and
track elevation prevent dizziness In struc-
tural ma terial.
A slight furry in July wheat at Chicago
caused nasty covering and a sharp advance
which was of short duration. as moderate
profits were quickly taken Abundant pro-
duction In the United States does not neces-
crops are falling below expectations and
foreign purchases continue heavy: At
lantic exports for the week. flour included.
amounting to 4.530.1A bu. against SIS 26i bu
last year and l,S49.373 bu two years ago.
Pacific exports \also show good gains.
reaching S54.5l5 bu. against 5sl obs bu a year
ago and 625 400 bu I'm 1899
Shipments of boots and shoes from Bos-
ton continue very large, for the last week
exceeding the same week OF 1890 by 20 900
cases. and since the year opened forward
surprising any previous record. Although
the movement is still heavy. shops receive
few orders. and IL will be some weeks be-
fore active work begins on fall contracts
Retailers are offering black goods for sum-
mer wear at reduced prices. and II is evil
dent that the production OF these shoes was
excessive. while tan shoes have been in
much greater demand. manufacturers being
pushed TO fill contracts. Prices are steady
and Jobbers report that the better qualities
are sought.
ohco
irregularity due TO special conditions, the
general trade situation shows an improve
nent, owing 10 better weather and crop
conditions I'm most sections of the country.
In the East the first real week of warm,
sunny weather has been reflected IN an i'm
proved retail demand for seasona bic fabrics
and wearing apparel this in turn inducing
more activity in jobbing lines or dry goods.
shoes and other products. The same is true
quieted apprehensions TO the spring
wheat outlook. measurable Improvement
in crops al the South. however. the cotton
being still two weeks late. has yet to he
reflected in most Southern trace advices.
Pacific coast crop. and trade advices ars
also better, but the reports OF impaired
Southwest and the quieter trade there.
where activity has been heretofore great.
relieves the general trade report OF the
reproach Of mOnotony.
There is a better tone in textiles. due
partly to an improved distribution In sum-
mer dry goods and also to better recorders
Tor WOODEN goods Tor fdll OeiiNerN- COTTON
is speculatively higher. despite rather bet
ter crop reports. because Of the tendency
10 shade estimates of the increase I'm acre
age this year. A fair trade is doing in
wooens. induced by necessary buying OF
manufacturers, but no additional strength
is noted as TO prices. high-grade woods be-
ing best held. while medium and coarse
grades still favor buyers.
Wheat, including flour. shipments for the
week aggregate 6:64: GA bu. against 4.lSs97o
last week. 4.23022l I'm the corresponding
week of 1900 and 3.15s.0f7 in 1899. From July
/ to date wheat exports are 200 So. 276 bu.
against 1S7.156.927 last season and 216.647 2s2
in 1859. Corn exports for the week ag-
gregate 2455. lu2 bu, against 2.037.43s las.
week. 30Si,47i in this week year ago AMI
1888 $50 i'm 1899. From July / to date corn
exports are 16S 077 .20s bu. against ~, go IL
last season and l54.14 4i9 in 1850.
Failures i'm the United States for the
week number l6S. against IA last week AMI
1S4 a year ago.