The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-28
DUN s. co.'s BUSINESS REVIEW.
A Generally Encouraging Outlook. with an
Absence of Speculative Excitement.

A Generally Encouraging Outlook with an
Absence of Speculative Excitement.
NEW DIRK, Jan. 27.-R G. Dun & Co., in
their weekly review of trade, say: Business,
both domestic and foreign. has a more encourag-
ing appearance Money lie reported close at
very few distant points, but comparatively easy
everywhere else. and collections fair in all
quarters with substantial improvement where
Hardness has been observed. The volume of
business has been affected by storms and the
bIockading of railways. but is generally fair for
the season, and exchanges outside of New York
are 81 per cent. larger than for the
same period LAST year. Il is de-
cidedly healthy symptom that there is a
gene raj absence OF speculative excitement. and
prices OF products are. in most cases. settling
toward a more natural level, though the aver
age is sustained by the scarcity of anthracite
coal, the scanty supply of vegetables and the
cember much moro favorable than early
statements Indicated, the decrease in ex-
ports of cotton. breadstuffs and pro-
visions being partly balanced : by in
crease in cattle, petroleum and minor
articles. The of exports
imports of merchandise was $21, 100, 783 for the
month, while outgoing silver exceeded incoming
gold by $019, 039, indicating withdrawal of cap
ital exceeding by $l2 OOO 600 the average
CURED for interest payments and undervalua-
tons, but for the past six months receipts of
foreign capital have apparently exceeded with
drawals by $50. 900, 00O. The returns for January
thus far indicate an increase OF per cent in
the ports at New York. thus far showing
increase of IA per cent. AS the exports exceeded
imports by $40. 000, 900 last January, these re-
ports point to a continued though smaller excess.
Iron il perceptiblv sustained in price for the
time by the enforced curtaiment of production,
but the feeling prevails that resumption of work
III the coal mines may be followed by lower
prices OF iron. In all branches of this great in
dustry the decrease in railroad demand is felt.
The success of the Atchison and some other
railroad companies in placing loans and the
cent improving demand for bonds, do not alter
the fact that sales Of securities to actual
investors continue much behind those
OF corresponding weeks last year.
A better tone in the stock market has bsen OBJ
served for two days, but the business is still
mainly left to spectators, and the inability of
promoters to place securities may retard new
railway building for some time to come though
current reports still show large gross earnin gs.
The storms. the strikes and the recent disagree
ment about rates, may be felt little later. In
other branches of speculation the tendency has
been toward a lower level; wheat has declined
lie; pork, 25c per BARREL sugar 2c. coffee
&c ard oil 4ic, but oats have advanced
1.c; lard and hoes are a shade stronger, and tin
movement in wool, but quotations average a lit
tie lower. Cotton is unchanged, while prices of
many makes of beached and brown goods and
fancy prints have been advanced. and print
cloths are quoted at 3 Ole bid for 64s The boot
and shoe business is fairly active. with ship
ments exceeding last years, and prices OF al
most all kinds of leather favoring buyers.
The business failures during the last seven
days number. for the United States, 26S; for
Canada. 40. total of 3l7. as compared with 3l4
last week, and FL for the corresponding week
of last year.