The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-07-25
WEEKLY TRADE REVIEW
DUN & CO. AND BRADsTREET ON
BUSINESS CONDITIONS.
Little Summer Dullness This Season,
Earnings Continue Large.

NEW YORK, July PAR. G. Dun G. Co.'S
weekly review tomorrow will say: THE
tenor of dispatches from nearly every sec
ton of the country indicates that there is
less than the customary midsummer dull
promptly met than usual. A large proper
ton of the unions have signed working
agreement with the employers in the build
ing trades of this city, and fully one-half
the members returned to work. Earnings of
railways reported for the week exceed last
years by 1890 per cent. and those of 1901 by
242 per cent. Farm work still retards re-
tail distribution of merchandise in Western
sections. Foreign trade at this port for the
past week shows a gain of s., 569, 209 in value
of imports as compared with the same week
last year, while exports decreased s502.022
Good news as to the progress being made
toward settlement of disputes was neutral
lied by the decline in securities i'm so far as
the iron and steel industry is concerned.
There were many indications that the inter-
ruptions from strikes would be less fire.
quent in the immediate future, and there
was a general disposition to fully sustain
prices But the heavy liquidation and new
low-record prices for steel issues had much
influence on conditions in the actual bust
ness. Nearly half million tons of steel
rails have been ordered for next years de-
livery, and other heavy steel Shapes are at
tracing close attention. The trade will bene-
MT by the greater stability of prices secured
through the revival of the billet pool. Bes-
semer has steadied, bringing out new orders,
but there still evidences of weakness in
other classes of pig iron. General resump-
ton of structural work in New York is the
i'm nor nrlf fhn s7.,c-
try at present.
Footwear factories have much work in
sight, buyers having placed orders freely,
and there are still many representatives in
the Boston region from which shipments
continue to eclipse all earlier records, quo
tations are freely sustained and new bust
ness is well distributed Thus far there is
no reflection of this activity in the leather
market. Heavy receipts of live stock fol-
lowing the accumulation of poor quality
hides early in the year explain the unsatis-
factory situation In the Chicago market
and foreign dry hides have also lost an
other fraction. The unexpected happened
in the market for woolens. 1t was conf
IDENTIFY believed that new lines of staple
piece-dyed goods would be opened at fully
maintained quotations, but the American
Wooden Company reduced prices to about
the same level as existed year ago. de-
spite the material increase in raw wool and
several other items in the cost of produc-
ton. The cut was evidently made to secure
business rather than because of any weak
utSS III TIE ludIhtl. buyers are Stlil dDlt
to delay placing any large amount of bust
ness with the cotton mills and there
daily additions to the number of idle spin
ners as the supply of raw material gives
out. Domestic mills steadily curtail-
ing production of cotton goods. Inflated
prices are only made possible by specula-
tive selling"
Bradstreet's tomorrow will say: stock
market liquidation at the expense OF in
dustrials affects sentiment and ignores, but
does not conceal, Improvement in the corn
and cotton crops, a change for the better
in industrial conditions at New York and
other disturbed centers and continued
cheerful feeling in Western and Southwest
ern trade circles.
Wheat including flour exports for the
week aggregate 2,ls1,9SS bushels, against
1861, 7s4 last week, and 3,9S0,969 bushels last
year. For three weeks of 1.-The cereal year
they aggregate S,S15,1S2 bushels, against H.
1906 in 1902 Corn exports for the week
aggregate 1,501 1888 bushels, against 1,402, 404
last week and 1851 bushels year ago.
For three weeks of the present cereal year
they aggregate 4,427,S26 bushels, against
395, 421 in 1902.
Business failures in the United States
for the week number 1S3 against 173 last
week and LIS in the like week of $780,"