The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-25
THE BUSINESS SITUATION.
The Volume of Transactions Largely Ex-
ceeds the Totals Recorded in Past Years.

New York, Sept 24-Special telegrams to
general business though there have been less
favorable advices from several points. While
the movement of staple products from Boston
has been good, it has been less regular, notably
in dry goods, which, however. is regarded as nat
ural after the exceptional activity enjoyed of
late. At st. Louis new business continues to be
reported but the rate of increase is less than
previously noted. There is quieter tone to
trade at New Orleans, where the predicted
earthquake appears to have prevented the ap-
pearance of country buyers to some extent. The
retail trade at Savannah has been checked since
the late disturbance of the earth. and
there remains of course. much to be
done at Charleston before the commerce of that
city reaches its former proportions. Owing to
late failures on the Pacific coast, business at
San Francisco is moro quiet and somewhat un-
settled. At most other cities the full volume of
commercial transactions already noted exceeds
totals at like periods in Immediately preceding
years. and in nearly all instances meets the
more conservative of the hopeful anticipations
reported within two months past. The increase
reported in the east-bound trunk-line railway
tonnage of late weeks is reflected in the aug
1pented totals of railway earnings. These for
the roads specially reported to Bradstreets for
the second week in September amount to $4 :
661, 186, against $4077, 575 in 1885, From Jan.
to date. the total is $l2l, 560, ,0OO
Of over 50, 100000 or 8 per cent
The bank clearings at thirty cities for the cur
rent week, given to-day by Bradstreets, aggrs-
gate $96S 461 lis, against 1915 Ill 282 last week,
and 500. 341. $40 in the like week Of 1885. Some
of the 10 per cent gain this week over last is
due, of course. to the widening of the speculative
market in Wall street AS against 1885, the
increase in clearings is 80 per cent The Wall
street stock market is excited, and bull fever
prevails, based on the settlement of the troubles
of Reading. Prices of nearly all active stocks
show material advance. The granger stocks
form an exception, and the latest advices are
uufayorable to the formation of the Northwest
ern pool Transactions of the week amount to
g. 900 shares, against j, 113, 600 shares last
week, and $50 600 shares the preceding week.
Bonds also, partake of the improvement the
transactions amounting to $40, 033600, against
sc, 265, 900 last week. Foreign exchange is strong
advancing on purchases OF sterling by operators
10 stocks. The leading domestic money mar
kets other than New York continue for the
most part, somewhat easier than last week
though at few the current continues toward
the country, and the demand tends to exceed the
immediate supply.
The principal dry goods centers report no un-
favorable features, Notwithstanding the slight
check to distribution at some points Stocks of
cotton are light in the interior, and woolens are
expected to advance in price during the next
season. Raw wool is remarkably strong, and
prices are again higher. with movement to man
ufacturers heavy. The belief appears general
that the American clip is short, and Australian is
certainly worth more abroad than it is here.
There is less satisfaction found in the tone of
the grain market than elsewhere. Receipts at
the Northwest have been very heavy. Export
demand has been checked, and speculation is in
favor of lower figures.
Louisville reports a favorable tobacco crop,
with prices fayoTing sellers
The announcement of Licht's estimate of the
beet crop depressed the sugar market &c on this
side. The visible supply shows further shrink
age, it being now S99 695 tons, against OO9, 334
tons at the same date last year.