The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-06-28
TRADE in GOOD VOLUME
IRON AND STEEL INDUSTRIES IN ES-
PECIALLY GOOD SHAPE.
Retail Distribution Checked by Cool
Weather-MOyement of Cereals
The Weeks Bank CIeariRgs.

NEW YORK, June Pr. G. Dun & Co.'s
weekly review of trade tomorrow will say:
Foreign markets were badly disarranged
by the sudden illness of the King. and
there was much liquidation prior to the
closing of the British exchanges from
Wednesday afternoon to Monday morning
Domestic financial conditions are excep-
tionally satisfactory and trade is well
maintained, although low temperatures in
terfere with the distribution of midsummer
specialties. Manufacturing operations have
increased in activity, especially in the iron
and steel industry and textile production,
while the constructive work on new build
ings and bridges is very heavy. Labor diff
ficulties have not improved in the anthra-
cite coal region, but numerous settlements
have been ted elsewhere. Railway
earnings thus far reported for June exhibit
an average increase of as per cent. over
last year and 17.7 over 1900
Most of the blast furnaces that were
stopped by the scarcity of anthracite coal
have resumed with coke, of which the
ovens have established new records of out
put; and shipments have been still larger,
owing to the stocks accumulated during the
car shortage. Despite the vigorous pig-iron
production numerous contracts have been
placed abroad and still the machine shops,
manufacturers of stoves and implements
and consumers generally are seeking de-
liveries Structural shapes of steel and
all forms of railway equipment continue to
lead the market, orders in these lines run
ming far into next year Bars and sheets
are the least active divisions of the market.
weakness. Higher freights have not ma
terially checked importations, and it is re-
ported that large structural mill in Ger
many has sold its output for this year to
American consumers. Another evidence of
domestic needs is the placing of a Mexican
rail contract with British producers, which
ordinarily would have been taken in this
country.
Eastern manufacturers of footwear re-
port a larger volume of contracts mainly
for delivery in August and September.
There is still some conservatism regarding
the future of this industry, and no later
business has been placed. Statesmen are
sending in more orders, the change for the
better being most noticeable at the South.
where the stagnation was formerly most
pronounced Leather has accumulated,
and some tanneries are closed, but betting
butts continue in demand at full prices
Chicago hides are slightly easier.
More activity occurred in cotton goods
although al some concessions IN prices.
The changes were a natural result Of recent
declines in the raw material, buyers having
delayed orders on that account Wooden
goods have been taken more freely espe-
cially the better qualities, and clothing
manufacturers are preparing for a large
fall trade. Raw wool is in better request
at Eastern markets but the new clip is
held a premium that limits trade
Agricultural prospects are far above the
average, and rapid progress is made with
winter-wheat harvesting. Delays have
been encountered from heavy rains, while
injury has occurred in the Southwest from
drought but these adverse Influences are
less extensive than usual. Wide differences
between cash prices and next crop options
indicate the views OF traders.
Failures for the week number 200 in the
United States, against 20f last year. and
twenty in Canada. against twenty-three
last year