The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-01-18
WEEKLY TRADE REVIEW.
The Year, All Things Considered, Opens
Well in Business Circles.

The Year, All Things Considered, Opens
Well in Business Circles.
NEW YORK, January 13.-R. G. Dun e.
Co. III their weekly review of trade say:
with perhaps little more than tne
usual dizziness for the first half of January,
business still progresses without monetary
pressure or unusual embarrassment from
the failure of collections in any part of the
country. While failures at some points
ere numerous, the aggregate is less than
for the corresponding week last year, and
complaint of collections is much less fire..
quent than month ago. Within thirty
or sixty days payments on large fall pur-
chases will be required, and some increase
in failures would not be surprising, for
the shrink age in busiD toward the end
of last year indicated that there had bse n
overconfdent buying in some depart
ment.
But the new year opens with less embar-
rassment from that or other causes than
was reasonably apprehended. Speculative
markets are generally dull, which is not
bad lsymptom for Legitimate trade Indus-
tries are somewhat disturbed by strikes and
legislative or business uncertainties
Shortness Of supplies and high prices dis
turb manufactures at many points, and 1t
may prove unfortunate for northern iron
producers that they are Just now led by
to hold prices firmly, when Southern max
ers are effecting contracts at $40 for No. 1,
and SIG for mill iron. On rails there is no
change, bar 81 90 at Philadelphia shows
weakness while the nail markets are sitter
al $2.05.
1.-THE unusual prosperity of cotton'manu-
factuIe with fair prices and we'll sustained
demand has led to a demand for higher
wages for spinDers, which threaten to end
10 serious strike. At present the effect
is TO hasten purchases and stiffen prices,
The wooden business shows no definite
improvement, but it is encouraging to fnd
that, though the last years work was most
unsatisfactory, the production is estimated
at some OF the chief centers only 10 per
cent. less than that Of 1886, with a decline
Of 10 to 10 per cent. during the year In
average prices. Other industries are pro-
crossing satisfactorily, and in lead the
production of $780, TONS and in copper
lhe production of 1S2, SOC, 900 pounds sur.
pass all previous records.
Reports from the interior present fewer
features OF interest than usual, trade being
everywhere quiet or dull, as is usual at this
season, money being generally easier, with
some tendency to stringency at st. Paul.
Figures indicate that the return of for
eign capital from this country has been
considerable during the past six weeks, and
though prices in the stock market do not
decline, movements indicate that foreign
investments are not just now increasing.
Breadstuffs have declined q little, corn 1c,
and pork and lard are also q little lower.
Coffee Is lower with speculative reaction
and cotton with sales of $50 900 bales. Oil
Das risen 2Hc; dairy products are higher
THE business failures, during the last
seven DAYS, number for the Uaited States
25S. and for Canada 80 or a total of 28S, as
sgainst 279 last week. and 1913 for the CORE
spending week of 1887"