The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-30
THE BUSINESS OUTLOOK.
Continuance of the Recent Check to Trade
Merchants Confident of Speedy I'M

NEW YORK. Oct. 29-Special kilograms to
Bradstreets will record a somewhat improved
movement in merchandise at Chicago,
Burlington and Davenport, Ia, at
Kansas City and New Orleans, and
reflect on the whole, continuance of the late
check to general trade. While this appears to
be of seasonable character, after the recent
period of active trading, there is little in sight at
the moment to suggest an immediate
Improvement, although public confidence
in its appearance in the near future Is I'M
abated. From number of points word comes
that merchantile collections are made with less
ease, which is attributed in part to the low
prices of staple farm products. AT most OF the
cities reporting better business cooler weather
preceded it. The practical holiday in many
lines in New York Thursday cut into the
total volume of transactions, and reflected in the
weeks bank clearings together with about one
third less trading on the Stock Exchange IN
loss of about 1925 000 600 from the total of $loS,
300 900 last week The total of bank clearlngs
at thirty cities this week is 1894 974 TO- against
ST. 090 462 984 last week and 1871, S64, l96 IN the
like week last year Boston and Philadelphia
each lost $l2 600 600 this week, as compared
with last weeks clearngs. Chicago lost 81 4OO, :
000 St Louis 81, 700, 600, and Baltimore 81, Ioo,
600, while San Francisco gained 81 4OO, OOO and
New Orleans $500 COO The Western money
markets generally continue quite firm, with the
current of funds still to the West. The demand
for funds for general commercial and IN
dustrial enterprises at most large cities
continues marked. The stock market
was hesitating and somewhat lower
during the early portion of the week, with con-
siderable ''bear" talk and selling short" rms
was followed by revived "bulP movement and
considerable advances In certain stocks. Inc
transactions of the New York Stock Exchange
for the week were 1,760 153 shares against q
528, 275 shares last week. Bonds were generally
strong and advancing, the sales on the Stock Elk
change for the week aggregating SO 352, 800
against $11 ,565, 800 last week. Money was much
easier the arrival of large amount of gold
from Europe tending to give less stringent
tone. Cali money was quoted at lat per cent,
and time loans at about per cent Exchange
continues weak and low, with prospects favora-
BILE to further gold imports. Commercial paper
is in poor supply, but rates are still well sus-
tanned.
The distribution of dry goods from Eastern
centers has been noticeably checked, though
prices are strongly held. The demand for raw
wool from manufacturers is not so large as in
September, though the decreased demand from
the Eastern knitting mills has caused no weak
ness yet.
The strength recently shown in iron and
steel is fully maintained
Wheat has been stronger and higher again
after O reactlon from Enc ADVANCE mace carry IN
the week. Speculation. foreign war rumors and
growing opinion that importing nations will
yet have to buy largely from the United States
are underneath most recent advances.
Rains and frosts in many sections of the cot
ton region this week have not resulted in wide
spread damage.
Louisville reports the weather favorable for
curing the tobacco crop.
The business failures throughout the country
during the week, reported by r. G. Dun &
Co., number for the United States, 1876, and for
Canada, 10; total, 2l5.