The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-28
The BUSINESS OUTLOOK.
AContinuance of Favorable Features Recently
Noted-Actiye Western Demand for Money.

New YORK, Aug. 27.-Special kilograms to
Bradstreets report continuance OF the favor
able trade features heretofore noted. Tho
movement of general merchandise is fully
equal to that in past weeks. while the total
volume for Angus, thus far. is equal to and in
many points ia excess of like periods in pre-
ceding years. Inc total Eank clearings at
thirty cities show decline of $93 eco, 448, 10a
per cent. compared with last week. The ship
ments of dead freight east from Chicago show
marked increase as compared with last week,
and the receipts of grain at primary markets
are heavy. The domestic money markets are
fairly firm. and at the East tie demand is
noticeably in excess of the supply, owing to
the special demand at this time for funds
to pay for grain forwarded. 1t is
noteworthy that the demands for funds
for use in commercial and industrial enterprises
at the West continue large. The New York
stock market has been dull and heavy, owing to
the stringency of the money market here, the
unsettled condition of the London market, and
the disturbed condition of politics in Eastern
Europe. The money market is firm. Call loans
are 60S per cent aud time loans are sac per
cent. but are difficult TO obtain Foreign ex-
change is slightly firmer, owing to the advance
in the Bank of England rate. New York Stock
GACuduSc tThuSdcllOuS ILLS WEEK aRgToRato oop-
900 shares, against ,402 900 shares, and bond
sales So, 100000, against SIS, 100000 week ago.
The dry goods trade with Eastern jobbers IS
quite active; with agents. moderate. Owing to
the Redistribution of railway freights, rates on
dry goods shipments from New York have in
creased very materially. Sales OF wooden dress
goods, both American and foreign, have been
heavy. Cotton 1annels have also been in active
demand. Plain cottons have advanced in price
since June l. 0sc per yard The distribution
of clothing is active. Print cloths are steady at
unchanged prices.
Pig-iron is very firm, and any material gain in
demand is likely to cause an increase in price
Southern iron is so cents higher per ton. Fin
ished iron is higher, perhaps 5 per cent, owing
shade higher. about 25 cents per ton. Old rails
stiff at $34 so per ton, at which figure makers
are receiving about 81 profit No advance is
probable in the future.
The Kansas corn crop will be larger than ex-
peeted, which has helped trade in that region.
The spring wheat crop in Minnesota is also in
excess of late anticipations. Prices of wheat
tons of heavy deliveries to the increased yis-
BILE supply, and to freer selling by holder.
Cotton reports are more. favorable, though
damage has been done by the storms in south
western Texas
The total number of failures In the United
States this week was 150, against 139 last week,
and 146 the like week last year. Canada had
26 this week. against II last week, and Blast
year.
The improved demand for sugar has caused
small local advance, but the announcement that
the estimate Of the beet crop had been advanced
to $500, 900 tons caused a decline in London.
Active speculation both in this market and in
Europe, put coffee up 30. Free offerings of rice
have induced concessions.