The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-10
DUN s. CO.'S BUSINESS REVIEW.
A Decline I'm Volume. Caused by Legislative
and Labor Uncertainties

A Decline i'm Volume. Caused by Legislative
and Labor Uncertainties.
NEW YORK, March 9-R. G. Dunn g. CO. q
review of trade for the week ending March 10.
says: Business begins to fall below that of last
year in volume. The railroad strikes and the
possibility of their extension. the uncertainty
as to the tariff and the mode of preventing
cumulation of money in the treasury, the death
of the German Emperor and the dou bt as to its
financial effects, conspire to check new ven tnres
ana to limit purchases to Immediate needs.
below those OF last year, and the decline
at nearly all the principal centers
of distribution is considerable. though
numerous small cities still report
gains. The tendency OF the markets is general.
ly toward lower prices. though the average for
all commodities is. yer, hardly per cent. be-
low the highest point touched after New
Years. In the stock market the downward
movement has been more definite. though with
out any excitement The causes above named,
and especially the considerable foreign sales
anticipated. fully account for the average de-
cline of about ST. per share; indeed, the
remarkable steadiness of the market,
der the circumstances, IS constantly
mentioned. But this plies measure of
reality in current prices; markets which do not
respond to natural influences are with reason
distrusted. The appeal to the courts by the
Burlington Quincy opens the way to a legal
decision whether any combination of men
lawfully arrest traffic on one railroad because it
performs it's duty as a common carrier in taking
freight from another 1t Is felt that the decision
may prove or great importance In the end but
it can hardly be reached soon enough to have
influence this season. Earnings continue large,
but the increase in expenses also continues.
The wheat market has been lifted 2 cents by
the foreign news. but with the result of com
pletely arresting the EXPORT demand. AS the
ported exports last month from Atlantic ports
were less than half those of the same weeks last
year, while exports as large as last years would
still leave a considerable unsold surplus next
July, tee expediency OF advance is doubted.
Corn and oats have also risen about cent, and
oil a little more, while the foreign news has
checked decline IN pork products but cotton
and sugar are lower, with some grades of iron
and WOOL The declire in sugar has been small,
and the belief that the trust may be effectually
resisted seems to increase.
drop Of cent in cotton has caused some
failures hers and at the South. but does not sur
prise any who have observed that receipts from
the plantations are still about 800, 900 bales
above those of Last gear to date. The belief that
the crop would reach 6 700, 900 bales appears TO
gain strength. In the dry goods market the de-
mand, even for cotton goods has become mod
erate the uncertainty as TO prompt transporta-
ton checks operations. and also the uncertainty
as to the tariff. The inquiry for print cloths is
light at 80 cents; not long ago il was strong at
cents. The wool market is steady for the bet
ter grades, which are in small supply. but other
lots are slow Of sale. except at concessions. and
manufacturers generally are buying only for i'm
M diafe wants
The boot aud shoe trade is steady. and manu-
facturers busy: the feeling that leather can
hardly 60 lower helps purchasers With kip
No at IL cents, and brogan Nc. / at 10 cents,
the market is still dull, snd hides are easier.
Rubber is frmer. because at Parath price Of
fine is quoted at 75S.
Iron does not grow stronger Tf the supply
for good grades Is limited. so is the demand
while grades less known are offered at conces
sions. Bar-iron Is weak. and sales below
L 9 are reported. Sales of So 900 tons domestic
steel rails result in slight lowering of quota
tons, to $31 %. at Eastern mil s; IL 500 tons
foreign are taken for Pacific delivery.
The Treasury has paid out money more freely
the past week, and has added soc, 900 to it's de.
pcsits in banks. and yet has taken in 81. 600 900
more than it has paid ont The expected early
export OF gold is strengthened by trade accounts
a probable excess of imports over
exports in February, and by recent sales of
securities on foreign accounts. But the supply
of money at all interior points reporting is
ample. and collections now nowhere q mat
ter of special complaint.
The business failures occurring throughout the
country during the past seven DAYS as reported
number for the United States I95, and for Can
sda So total of 253. as compared with a
total of PA last week and go the week previous
to the last For the corresponding week of 1887
the figures were 203 in the United States and 20
ia Canada; total 229