The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-09
THE BUSINESS OUTLOOK.
Heavy Increase in the Volume of Trade as
Compared with the Same Week Last Year.

NEW YORK, Oct. Especial kilograms to
Bradstreet's, while recording moderate check
in sales Of some staples. as expected at
this time, make plain new evidence of the excep-
tiorally heavy volume of business The bank
cearings now begin to reveal the full proportions
of commercial transactions, with very heavy
total for thirty cities During the current week,
as especially wired to Bradstreets, the aggre-
gate clearings are 81, 200 255, 487 against 1885,,
843, 846 last week, and 1896, 738, 1876 in the like
week of 1885, showing gain of 204 per cent.
this year, and of % per cent against last
week. Heavy dealings in the New York stock
market will account for q share of the increase
at New York, the total for the week amounting
to 3,2OS,O0 shares, against 2,645, 900 last
week, 100000 shares in the like week
of 1885, and 1,l56OOO in 1884
The total earnings Of forty-nine railways for
September. reported to Bradstreets, are $780,
250 000 against SIS, 565 900 in 1885. and $l8, l24
600 in 1884 For nine months the aggregate is
$139 sos 900, or So 258 900 than in 1884, and
1861 900 more than in 1856. The New York stock
market was active, feversh, and Influenced by
a highly speculative feeling. Prices advanced
irregularly, although toward the close of the
market a quieter feeling prevailed. Bonds were
firm Money was extremely firm, and foreign
exchange was weak and close to the gold import
ing point.
The sales of dry goods, cotton, wool, and to
some extent of lumber have been somewhat
checked. But there remains confidence on all
sides of good demand in the near future. Pig
iron is ST. pen ton higher in all direc-
lions. Southern and Western furnaces are heav-
lily sold ahead, and demand for 300 tons from
a dozen consumers in New York, for early oeliv-
cry would put No. l up So per ton. For this
grade $40 is now asked, with probability of $40
by Jan. !.
Dry goods are firm. Print cloths are higher,
and brown and bleached sheetings are fraction
ally higher. Stocks not increasing Wool is
queter, but strong. In spite of speculative buy
ing, home prices are below foreign. The loss of
the cotton interests by late storms is reported
amount to over 30, 900 bales. Estimates of the
loss to the Western tobacco crop are placed at
from to 10 per cent, Louisville reports incln-
some doubt as to toe extent of the loss by frost
in the Virginia and North Carolina tobacco
regions. Cotton and tobacco, as we'll as Pc
troleum, remain dull, featureless, and without
material change in price at New York
Hog products are depressed and lower There
is no sign of gain in wheat, despite the late ex-
cellent export demand. Receipts at the West
and Northwest have declined some. Flour is
depressed and lower with continued heavy for
eign consignments.
The industrial situation is disturbed by an ex-
tended strike and lockout of operatives at Phil
adelphia, a threatened lockout of knitting mill
hands in the Hudson river valley, and the
threatened strike of 10000 pork-packing en-
poyes at Chicago against return to the ten-hour
day.
Improved cane crop prospects have further
depressed sugar, and increased receipts of coffee
have caused decline of &C.