The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-01-25
Business Throughout the Country RIthsr
Quiet. Even for the Season.
Collections are Generally Satisfactory, arc
Money in Fair Supply.
Serious apprehension Among the Traders ,,
TO the Credit Of Strikers.
The Improvement In Wool Vanishes Spec
uIative Markets weak-PrIncipaI
Exports-Business Failures.

NEW YORK, January OR. g. Dan Il
Co., in their weekly trade review, say !:
Business throughout the country is
rather quiet, even for the season. Fairly
active jobbing trade is reported at several
points where wholesale business is dis
tinctly dull, and prevailing feature seems
to be indisposition to take quantities in
view of the unusual uncertainties in many
markets caused by strikes, by speculation
and by legislative deliberations. At Chi
csgo speculation has been dull, and In le-
gitimate trade, though there is some i'm
provement of late, less is doing than last
year. Hard times in drouth regions
throughout the West affect purchases, but
in other sections there is gain. At st.
Louis prompt payment on past purchases
and continuing large distribution are no
ticed. At Louisville values are softer with
out improvement in volume. At South
ern points trade is quiet. Collections are
fairly satisfactory at nearly all points, and
money, generally, in fair supply, though
rates are closer at Denver and Cleveland.
Though actual deliveries of anthracite
are larger than for the same weeks last
year, operators and retailers vie with each
other in putting up prices. Poverty of
miners causes serious apprehension among
traders who remember that their losses
after the strike OF 1875 were three-fourths
OF their accounts. But for activity in ship,
bridge and car building, the iron trade
would be less hopeful. The Thomas Com
psny has sold No. 2foundry for pipe at $l7,
and sales OF 20, 600 tons of rails are reported,
but prices do not change.
In WOOL the little improvement recently
seen has vanished, and the market favors
buyers sgain. The stocks in Boston were
over G, 6,oOO, 600 lbs. larger than last January,
but at New York rather smaller, while
Philadelphia stocks are refused. The de-
Dand for woolen goods is moderate, but
more frequent inquiry gives hope, and the
range OF prices is, on the whole, but little
below those of last year. Cottons are in
strong demand, and many makes advance
in prices.
In the leather trade, hopes of improve
ment are still disappointed, but the boot
and shoe trade is better than usual for
the season. A better demand for rubber
goods is reported, and more prospect that
the trust will finally be formed.
Nearly all speculative markets have been
weak. Stocks weaken in spite Of large re-
ported railway earnings and an advance
OF 10 per cent. in East-bound rail rates. The
Reading strike, and reported liquidation
of pool on the stock, have caused some
decline, and in other stocks the absence
of any public demand is felt. The average
price is 81 so per share more than q week
dSOs Nucdt ud5 OcClIuou 1/4C, COIu 1I4C
and lard shade; sugar is weaker and cof-
fee, while great slump in oil has pun
ished those who had faith in the power of
curtailed production to control the price.
The general level of prices of all commo.
duties Is now about SOC, on SI.O0 lower
than January 1. Yet the Treasury. by de-
posting & 100000 more with banks, has
contrived to take only 200, 900 from circu-
lation during the week. It is significant
that payments in silver certificates at the
Custom Houae rise to 13% per cent of to-
tai. Money is returning to the New York
banks in large volume from the interior,
and foreign trade accounts indicate that
the withdrawal of foreign capital in Decem-
Der probably did not exceed s., 600, 900.
Exports of the principal products were
only $54 900, 900 against Sos, 900, 600 in 1886,
and for three weeks of January. New York
exports Sper cent below last year. Ex-
changes outside of New York, still exceed
those of last year by about IL per cent, but
they reflect rather heavy business Of last
fall than current loans.
The business failures during the last Z
days number for the United States, 27S
for Canada, So, total of 3I4. compared with
2SS last week and 301 for the corresponding
week of last wear