The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-08
DUN s. CO.'S REVIEW.
An Improved Demand for Everything Except
Steel RsiIs-Failures for the Week

An Improved Demand for Everything Except
Steel RsiIs-Failures for the Week.
NEW YORK, Sept 7-R G. Dun g. Co.'s
weekly review OF trade says: The wool and
iron industries respond at last, though with
some hesitation yet to the stimulus afforded by
good crop prospects. The increased demand Cor
wool is shown in higher prices for nearly all
grades. Coatess circular for Sept / reports
considerable speculative feeling, and the aver
age of los quotations is now % cents against
eli cents on Aug. l. There has been distinct
improvement in the purchasing by manu-
facturers, and in dress and knit goods more
activity. The demand for cotton goods is az
present comparatively light and irregular.
In the iron trade. also, an improving demand
Is felt ic all directions, excepting in the market
for steel rails. Pig-iron is firmsr, and though
some Southern iron Is still offered below current
quotations, and four new Southern furnaces are
to begin work this month. the tone 10 irmer. At
Pittsburg advances of % to 80 cents per ton are
reported Bar and other finished iron is stronger
there and at Philadelphia. and some speculative
disposition 10 the pig-iron market is noticed.
Cleveland also reports an improved demand for
ore, and better prices. The deliveries OF steel
rails for eight months of this year have been
only no. SOP tons against 10, 045, 04S last year.
The speculative market: are higher-.whest
nearly lie, with sales of "a, 000. 900 bushels, and
corn about lie, In spite of excellent reports
az to probable yield. Cotton has risen nearly 10,
though the best recent reports from Texas as to
the yield are confirmed. The coffee market is
to higher, with q better demand. Oil is 12c
stronger, and foreign hides &c higher. Sugar
had advanced 1-16c, and lard nearly }c, though
other pork prod ucts are steady and hogs loo per
100 pounds lower.
The stock market has shared the upward
tendency, showing an advance OF about 80 cents
per share since q week ago. The gross earn
ings of railroads continue encouraging The
wars OF rates do not cease. and the demoralza-
ton is such that the trunk-line pool and the
ceased operations. Weakness aud selling in inn
portant Western stocks continue, but the
marked improvement IN the coal trade helps
many stocks. The situation does not Emulate
the demand for securities offered by projectors
of new roads, nor do returns OF foreign trade
promise the imports OF gold which are usually
expected IN the fall. Exports from New York
fall $1,000, 900 behind last years for the last
week reported. and IA per cent behind for the
past five weeks.
The accounts from interior cities continue de-
ci6edly favorable. As to collections, also. while
some complaints appear, the general tenor of
reports is more favorable. The increased de-
mand for money has caused some closeness in
the market at Baltimore, Cleveland End Nash
vile, but at almost all points the supply is am
week two millions more than il has paid out
but the payments for Sc, 600, 0C0 bonds purchased
have rot yet Teen reported
The business failures number 224, COM
pared with 226 for last week. and 2l4 for the
week previous TO the last For the CORRESPOND
ing week of last year the figures were la, and
y In the Dominion OF Canada.