The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-18
THE BUSINESS OUTLOOK.
An Increased Distribution of Merchandise
and q Tendency to Higher Prices.

NEW YORK, Sept. 1.-THE trade dispatches to
this weeks Bradstreets tell of an increased dis
tribution of merchandise, with distinct and
widespread tendency toward higher prices for
staple goods. The facts as telegraphed from
leading cities are almost uniformly encouraging.
From New England tie autumn business Is re-
ported in excellent shape. Philadelphia reports
satisfactory activity in most branches of the dis
tributing trade, with complaint Of collections
in any quarter. Kansas City reports the best
business for several months with prices frmer.
St Louis finds still further improvement, with
free buying in anticipation Of higher prices. AT
Louisville business maintains an active and
firm movement, with the distributive trade
especially we'll employed. The merchandise
movement st New Orleans has been very brisk,
with the prices of staple goods, except -four,
generally advanced in the week From Chicago
report comes that in important branches of
trade surprise is expressed at the ease of West
ern and Northwestern collections some lines re-
porting that money is coming in month ahead
of time Good reports of collections generally
have been received. Iowa trade centers report
further satisfactory trade movements Reports
from st. Paul and Minneapolis of general trade
are again favorable The dry goods trade of st.
Paul is particularly prosperous.
The loan markets throughout the country are
to higher rates. At Cincinnati the rate of inter
est has advanced from to l per cent At New
Orleans the money market is active, with hard
enng tendency. Collections are somewhat slow
at Louisville on account of low prices of tobacco
and the reluctance of shippers. The bank clear
ings at thirty cities for this week, as specially
wired to Bradstreets. amount to 1914 676, 1886, as
compared with $778, ,067, ,914 last week. There is
q marked revival of speculative activity in the
New York stock market The transactions this
week amount to 1709, 900 shares against $50 900
shares last week. Bonds of all classes active
and strong Governments have advanced on
purchases by the national banks Money is
easier. though rates are firm at between and
per cent. Foreign exchange is iweaker on de-
creased inquiry.
The Eastern iwool markets are no less favor
able for holders, the tendency Of prices being
upward. On some lines rise of one half cent a
pound has been attained. The Boston wool mar
ket was stronger and more active at the close.
At London wool prices are firm and strong
Wool sales at Philadelphia are larger than for
and previous week this year. Boston reports re-
markably favorable conditions in the dry goods
trade. Cotton goods are closely sold up at the
mills, and distribution is considerably ahead of
last year.
The jobbing dry goods trade at New York is
less active.
The improvement in the coal trade reported
last week is well maintained
The general situation in the iron trade con-
tinues strong, and prices are we'll maintained.
The visible supply of sugar, which stood at
1,077, CAB tons two weeks ago, has further de-
creased to 973, 599 tons, against l026391 tons at
the same date last year. This, with reports of
damage to the beet crop, has caused higher
prices Coffee has again been excited under
further speculative manipulation, strengthened
by smaller receipts, and has advanced 1sc a
pound Domestic rice has sold in New York at
lower prices than for years, in consequence Of
heavy supplies.