The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-27
WEEKLY TRADE REVIEWS
II. G. DUN a CO. AND BRADsTREET's
ON BUSINESS CONDITIONS.
Railway Earnings StfII Increasfng,
hut Distribution of Merchandise Re-
tnrded by Unreasonable weather.

NEW YORK. June 26-R G. Dun & Co.'S
weekly review OF trade tomorrow viii
say: mo definitely unfavorable element Is
apparent IN the business situation, but
there are several uncertainties that en-
gender conservatism. In regard to distri-
button OF merchandise the long period OF
low temperature has curtailed trade In dry
goods, clothing and other seasonable lines
Stocks have accumulated and prospects for
semi-annual inventories are not altogether
encouraging. Railway earnings thus far
available for June surpass last years by
1912 per cent. and exceed those OF 1901 by
Ia per cent.
after further moderate concessions in
prices of iron and steel. especially in pig
iron and partly finished shapes. the market
has steadied and there are indications that
no additional reductions of consequences are
probable for the present. Buyers are SIN
uncertain as TO whether the bottom has
been reached and there is no eagerness to-
place contracts. Concessions are no longer
readily obtained. however, and the tone is
improving. While IL Is well known that a
large amount OF new machinery is specified
i'm plants in course OF erection. or contem-
plated, there is an inclination to delay the
placing of contracts as long as possible.
Much interest has developed during the
past week in regard to the foreign situa-
ton. Contracts for steel rails were placed
abroad, presumably because Of early ship
ment required while rebate of duty on ma
terials for manufacture and export encour-
aged foreign trade, which has begun 70 re-
vive as the domestic market quiets.
Manufacturers OF cotton goods have
again advanced quotations I'm several lines,
notably sheetings. although there Is no at
nrOnOTf1On n =
present position Of the raw material. Pro-
duction Is being steadily curtsiied and sup
plies of goods will soon be abnor.nally
light. No Improvement Is reported in the
character of reports from 5obbers or re-
tailers at chief points of distribution. ex-
cept that moderate success has attended
the semi-annual clearance sales by local
jobbers. New lines OF lightweight woolens
for next spring are still confined 10 narrow
a mentary demand Is noted FOR mems hppxy
weight woolens. Wool Is unchanged and
quiet. New England shoe shops are busy
on fall footwear with suhcient orders On
hand TO assure activity for some time" -
Bradstreets tomorrow will say: "CroT-
trade and labor conditions still preserHc
some irregularities, but six months trade
returns point 20 actual business having
been better than year ago, and the situa-
ton, as a whole, shows favorable features
predominating as 10 the future. The feel
ing is that time passes the latter will
largely outweigh the few noticeable draw
backs to possible future activity. Uuseason-
able weather. cold in the West and ras-s
at the East, with dull retail trade, accentu-
ates the usual quietness i'm wholesale bust
ness and retards crop development.
Wheat, including flour exports for the
week ending June 3. aggregate 2sls,l52
| this week last year and 4.364.147 I'm 1901.
| Wheat exports since July 1 aggregate a.
COZ. $50 bushels, against PAS. $50 last sea-
son and 2l51T,724 in 1900. Corn exports
aggregate 1,2S5, 724 bushels. against 1.0oe 1853
last week, 10, 102 a year ago and 2 As. 460 In
| 1901 For the fiscal year exports are s. 650.-
| 6O4 bushels, against 26,3229l3 last season
and I75,0S4 ,4l0 in 1901.
Business failures in the United States
| for the week ending with June Is number
| III. against 165 last week. 153 in the like
week of 1902 1876 in 1901, lS5 In 1900 and l5s
/ i'm 1899"