The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-06-14
WEEKLY TRADE REVIEWS
MINERS STRIKE THE ONLY CLOUD
THAT MENACEs BUSINESS.
Farmers Prospering and the Outlook
for Fall Therefore Is Good-Bank
CIearings for a Week.

NEW YORK, June 13.-Bradstreet's to-
morrow will say: Labor troubles cloud the
immediate outlook, but good crop prospects
fairly we'll assure future trade. The effects
of the anthracite coal strike are no longer
localized. II affects distributive trade in a
wide area and higher prices for fuel re-
duced the profits of manufacturers general
ly throughout the East. Crop prospects are
not. of course, perfect. but are little less
than that. Confidence in fall trade seems
to be growing. Export business, notably in
manufactured goods, is certainly improving.
Cotton goods and copper, mineral oils and
lumber are all moving freely. Cereals, pro-
visions and raw cotton shipments in May
were, however, smaller than a year ago
The rail traffic outlook is apparently of the
best. The cruder forms of iron and steel
are apparently in undiminishing demand.
Finished products, though noting quieting
influences OF the season, are In quite active
request. Building activity is unimpaired
except where labor troubles interfere. Some
lines of trade heretofore depressed, notably
boots and shoes and wooden goods are dis
playing better tendency. The scarcity of
hides keeps prices firm Shipments are 3
per cent larger than last week but 90 per
cent. less than g year ago.
Farm products strengthened slightly in
price this week. Cotton strengthened slight
ly on the report that rain was needed, but
also on the natural reaction from the late
decline. Sugar reflected the active demand
of the past two weeks for canning pur-
poses in a fractional advance. The peach
crop outlook is certainly a good one. Coffee
struck what is practically the lowest price
record this year.
Labor troubles at the beginning of June
reduced the pig-iron output, but the out
look for the month, as a whole, is for a
heavy production. despite the curtailment
due to the strike. Implement manufac-
turers have been free bidders for pig iron
this week for delivery in the first and sec
contracts for structural materials. bridge
work and tunnel construction have been
placed. Imports Of pig iron and steel are
increasing. Activity is less noticeable in
tin-plates. sheets and wire, and there is a
perceptible quieting down reported in some
lines of hardware.
The feature In the dry goods market has
been the improved recorder business re-
ported by Eastern and Western jobbers
summer fabrics being especially called for
Inquiry for raw wool is rather better. and
stocks of the old clip are closely curtailed
Wheat, including -four, exports for the
week aggregate 3400,314 bushels against
400, Cos last week and 4.791,1 07 in this week
last year. Wheat exports from July l. 1901
TO date (hfty weeks) aggregate 241, 425. "A.
bushels. against 204,24s,472 last season
Corn exports aggregate 1881 bushels
against s6,254 bushels last week and 1853 254
last year. From July 1, 1901, to date corr
exports are 76,0s2.oe6 bushels, against 16S,
gSS, 737 last season.
Business failures for the week in the
United States number 1856 as against 10;
last week and ISIS in this week last year.