The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-29
STRIKES AND BUSINESS.
A Slight Improvement in the Latter-lndus-
trial Situation No Worse than Last Week.

NEW YORK, May 28.-Special teleerams to
Bradstreets report moderate gain in the move
ment of general merchandise at Pittsbnrg, Gin
cinnati, Milwaukee and st. Louis. This is ex-
elusive of dry goods and is most marked at ST.
Louis The favoring features are found in the
relative freedom from labor disturbances and
in the generally bright cereal crop prospects. On
the other hand, advices from Chicago, Kansas
City, st. Joseph and Nashville, among those
which have of late announced an augmented
volume of business, are of check
in the movement of merchandise, due
in part to the near approach of the end of the
spring season, and to smaller interior purchases,
owing TO the arrival of the busy season for agr-
culturists. The seahoard markets reveal no
special gain. The outlook is considered more
favorable. but the improvement has not come.
Among domestic money markets there is a
good demand for funds at Milwaukee, ST. Louis
Kansas City, Fort Worth and New Orleans
notably from the country. At Kansas City the
request for funds is less than last week. This is
true at Chicago, also, where the late ex-
ira demand is said to have been mainly
for speculative purposes. The New York
stock market has tended higher, with q
buliish spirit and increased speculative activity.
Nearly ell leading speculative shares are advanc-
ing. ST. Paul. Lackawanna and Lake Shore
lead in the upward movement, stimulated by
manipulation. This was In the race or ~ OUO OUU
gold shipments and no material gain in general
railway earnings. Decreased labor troubles. an
ticipated better business and promises of pool
harmony were freely quoted. Government
bonds are firm. Investment bonds and shares
are sought for The improved feeling extends
to speculative bonds and those of companies un-
dergoing reorganization. Money is easy call
at from to per cent Commercial paper is
scarce and foreign exchange firm.
Cotton goods have improved somewhat in de-
mand at the East, and prices are firm. At the
interior wool is strong Southwestern markets
are relatively stronger than those at the sea-
board, although quotations are to cents below
earlier asking prices.
Iron is dull and unchanged for best makes.
Steel is firm. Manufactured iron is in light de-
mand, except in special cases
Petroleum is low, laboring under heavy bear
pressure. The upward turn was due to heavy
short purchases to cover. Prospective new wells
held prices down.
: The industrial situation s no worse than a
week ago. and the outlook favors improvement.
The short-hour movement is pra ctical failure
The wheat outlook favors an excellent crop.
Bradstreets San Francisco advices report &C, 000,-
600 bushels probable on the Pacific coast, with
38, ,000, 900 bushels of barley. The wheat markets
are dominated by the 'bears" on heavy stock,
probably good crops and light demand. The
Louisiana rice crop promises to be a full one,
while the sugar crop in that State looks less ia
vorable than week ago. The cotton crop in
Texas needs rain badly. 1t has gained in the
Atlantic States since the rains stopped. In
creased beet sowing has depressed sugar prices,
and reduced coffee crop estimates have advanced
quotations thereof. Tea stocks are large and
prices weaker