The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-21
DUN 8 CO.'S BUSINESS REVIEW.

Higher Prices in Speculation, but the Gen.
eral Outlook Is Less Favorable.
NEW YORK. April 20.-R. G. Dun 6 Co., in
their weekly trade review. say: ''There are
higher prices in speculation, but the business
outlook ID distinctly less favorable Stocks are
stronger and 5readstuffs rising, with oil and pro-
visions; but purchases for consumption are 30 re-
stricted that almost every important branch of
manufacture feels the check and the volume of
business recorded in bank clearings outside of
New York, is smaller by 6 per cent. than at the
same time last year. with desline Of over 81
per cent. at New York. Prices Of manufactured
products and the chief materials tend down
ward, so that, in spite of material advance in
speculative prices since Jan. ], and in sege-
tables, the average Of all prices is shade lower
than ut the opening OF the year.
Reports Of injury to wheat evidence that the
backward spring has inaissS rowing, and the
belief that the death Of the German Emperor
will lead to war, all influence the breadstuffs
market to higher prices. Wheat has risen 81
cents. corn cents, pork so cents per barrel
and oil cents. Crushed suguas has been ad-
vanced cent. Weaker prices for wool, espe-
cially for the grades most largely consumed, in
die ate no improvement in the manufacture; cot
ton In weak in tone, although unchanged in
price. with print cloths selling ST only 81 cents
Leather is not stronger. and q break in the
pecally dizziness in women's shoes. indicate that
this branch of manufscture, so long more hope
full than almost any other, at last feels the
shrinkage in consumption.
The iron trade does not change materially.
Sales OF steel rails for this year have been $685.
343 tons, against 494. 1854 at the same date last
year, and weaker prices as the West are re-
ported, though not here Another of the largest
trades is affected by the weakness in meats.
Coffee 10 lower because of shrinking demand.
Tea market Is unsatisfactory, but fhs market
for dairy products is in better shape.
Reports from interiorS points with scarcely
an exception, represent the money market
fairly and fully supplied. though brisk demand
10 noted at Detroit, Milwaukee, AID Denver. At
those points. and nearly all others reporting,
tions, but in this respect Improvement is noted
at Kansas City and Omahs. At about half the
cities reporting better volume OF trade 10 OBJ
served, incident TO improvement in the weather,
and heavy grain shipments Eastward are clear
ing away the accumulation during the strikes
but shrinkage in the exchanges at
Boston, Providence. Philadelphia, Baltimore,
Cincinnati, Louisville. Milwaukee, Kansas City,
St. Paul. Minneapolis and Omaha. are not bal
anced by moderate gains where speculation has
been heavy, as at Chicago, St Louis and Pitts
burg. The stock market has been strong, aud
has advanced an average of nearly 81 per share,
the uncertain outlook in Europe and the great
success of British refunding as the most promi-
nent factors
Business failures for the last seven days num-
Der, for the Unitsd States, 1T. and for Canada
Is or n total of 100, az compared with 222 last
week, and 1913 for the corresponding week of
1887.