The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-16
THE WEEKS BUSINESS.

Uncertainty Still Prevails In Commercial Cir
cles and Buyers Are Conservative.
NEW YORK. June 15-R- G. Dun s. Cosr re-
view Of tho week ending Saturday. June 16, has
this The moderate Improvement in trade mo-
ticsd . week ago does not yet seem to be more
than the slight reaction which occasionally
breaks period Of uncertainty and comparative
inactivity. The signs Of a lasting Improvement
In trade do not yet appear. Uncertainty still
prevails and buyers are conservative, combining
their transactions to immediate wants in most
branches of business In some moreover the
cold and wet spring has SO far curtailed trade
that retailers ara carrying over stocks larger
than usual There 10 uncertainty about the
tariff, and its effect upon many branches of
manufacture; about the crops, aud the for elgn
demand for exportable products; about trans
portation rates IN the near future. and about
hnsneisl prospects,
Crop prospects have not changed forithe WORSE
but the extent Of the loss in winter wheat IL
more definitely realized, while the prospects as
20 spring wheat and other crops is necessarily
vague. With favorable weather the general re-
suits would probably be fair. and in some quar-
ters decidedly hopeful feeling begius 70 pre-
vail. Want of confidence in the near future is
the prevailing tone in all tho markets. This
cannot be attributed to financial influences.
for money 10 oserabundant and quoted at
reuoWSi
gold exports. The Treasury has raised its prices
paid for bonds, taking large amount one day.
but the only considerable offers since have been
81, 000, 900 at above its new limit for fours,
and q like amount naovs its limit for four
and-a.halfs. There IS q growing impression that
bonds will not be forthcoming at acceptable fg
ures, il it becomes important for the Treasury
to make large disbursements. During the past
week the Treasury has taken In q million and
half more than it has paid out, but the banks
All yno frov ma inf
though at some Northwestern points money is
now going into the country and not to the East
There IL no report OF strineency or closeness
anywhere. but complaints Of slow collections do
not diminish
The volume Of trade 1T interior critics Is very
good, particularly at Omaha and Minneapolis,
but generally below that OF last year. The ex
ports OF principal products in May were larger
In value by 10 per cent than in the same month
of 1887. but because of the heavy cotton ship
ments. the exports from New York for the past
two weeks show decrease Of Is per cent, with
only slight decrease in imports. The iron
trade msnifesss no Improvement. though sales
of 80, 600 tons steel rails are reported for $50 at
mill. and the allotment Is said to be disregarded
by some Eastern msksrs Southern pig is
quoted at eli for No. ], bnt the quality Is not In
all cases found satisfactory: Bar iron is
weaker, with 81. 10 81. so Quoted for large lots
of best refined. In the dry goods
business there Is . lack of activity.
and yet in cotton goods more confident feeling,
with print cloths higher NJ SIC. and low grades
of bleaehed goods very. firm. Wooleps are still
dull with very good transactions for mems
goods. and wool Is quoted lower at Chicago.
| Spectators have bought considerable qusnti-
ties Of Southern wool. In the belief that there
| will be no change Of duties. and hold at prices
| above the market The spring trade in whole
| sale clothing does not appear to have been very
satisfactory, and IL 10 believed that retailers
| carry over unusually large stocks though
| prices have been remarkably low.
The business failurss occurring throughout
/ the country during the last seven days number
| for the United States 269, and for Canada %
or total Of 232. rs compared with 235 last week
! and 205 the week previous TO the last. For the
| corresponding week. last year. the figures wore
| 213 made up Of 1913 in the United States and q
| in Canada Failures are eth unusually pumer
| Gus on the Pacific coast. the number fer tha
| section this week being ~.