The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-02-01
THE WEEKS TRADE.
x. G. Dun & Co.'s Review OF the Business
Outlook


OotloOk.
NEW YORK. January 27.-R. G. Dun &
Co., IN their weekly review of trade say:
Business, both domestic and foreign, has
more encouraging appearance. Money is
reported close ct very few distant points,
bat com Darstively easv everywl ere else,
and collections are fair in all quarters
with substantial improvement where
hardness has been observed. The volume of
business has been affected by storms aud the
blockadlUg of railways but Is generally
fair for the season, and exchanges outside
of New York are 3. per cent. larger than
for the same period last year. 1t is de-
cdedly healthy symptom that there Is gen.
eral absence of speculative excitement, and
prices of products are in most cases settling
toward a more natural level, though the
average is sustained by the. scarcity OF
anthracite COS she scanty sfbply OF veg
etables and the advance in cotton goods.
Foreign trade in December was much
more favorable than early statements indi-
Gated, the decrease in exports of cotton.
bTeadstUffs and provisions being partly
balanced by the increase In cattle, petro-
leum and minor articles. The excess of
exports over imports OF merchandise, S21,.
$50, Io3 for the month, with outgoing silver
exceeding incoming gold by 1913, 039, indi-
Gates 8 withdrawal of capital exceeding
by $12,0C0,000 the average required for in.
terest pay ments and undervaluations but
for the past six months receipts of foreign
capital have apparently exceeded with
drGwals by S55, 000,000 The returns 70.
January thus far indicate an increase OF
per cent. ard the imports al New York
thus fsr show an increase of IA per cent.
As the exports exceeded imports by S20,-
eco 600 last January, these reports point to
q continued though smaller excess.
iron is perceptibly sustained in price for
the time. by the enforced curtallmeut of
production, bat the feeling prevails that
resumption of work in the coal mines may
be followed by lower prices Of iron. In all
branches of this great industry the decrease
in railroad demand is felt The success of
the Atchison and some other railroad COM
panies in placing loans, and the recent
improving demand for bonds, do
not alter the fact that sales of secUr.
tiles to actual investors continue
much behind those of corresponding weeks
last year. A better tone in the stock mar
ket has been observed for two days, bat
the business is still mainly left 10 sp5cula-
tors, aud the inability OF promoters to
place securities may retard new railway
buildingfor some time to come, though
current reports show large gross earnings.
The storms, the strikes, aud the recent
disagreement about rates may he felt q
little later
In other branches of speculation the tend
eLcy has been toward lower level; wheat
has declined 1c. pork 2jc per barrel, sugar
&c and coffee 70, and oil Az but oats
have advanced nc, lard and hogs are
shade stronger, and tin has advanced frsc-
ton There lisa bstter movement in wool,
but quotations average little lower. Cot
ton is unchanged, while prices OF many
makes of bleeched and brown
goods AID fancy prints have been
advanced, and print cloths are quoted at
3 81 bid for 6is. The boot and snOe 5asi-
NESS is fairly active with shipments eI.
cetdiDg last year. and prices of almost all
kinds Of leather favoring buyers.
The business failures during the last seven
days number for the United States, 26S; for
Canada, 10; total OF 81 as compared with
314 last week, and 271 for the correspond.
ing week OF last year.