The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-04-06
DUN & CO.'S WEEKLY REVIEW.
Trade Dull and Quiet, with the Average
Price of Commodities Still on the Decline.

IA ~ 2uiCt, "Ath thO hScHdSc
Price of Commodities Still on the Decline.
NEW YORK, April 5.-R. G.. Dun e. Co.'s
weekly review Of trade says: Railroad earnings
show an increase of about Is per cent. over last
year for March, SO far as reports have been re-
ceived, and yet stocks are lower, though at later
quotations partial recovery is seen. Trade at
interior points is dull or quiet in nearly all cases,
though at Cleveland it is fairly satisfactory. At
Atlanta it is satisfactory, with spring business
well sustained. At Omaha it is considered good,
at Kansas City improving, and at st. Paul trade
in dry goods and clothing is very active. There
Is improvement at Detroit, particularly in ship
building, and lumber Is firmer. The money mar
kets are easy, and collections have improved
somewhat at Kansas City and Detroit, but have
fallen of at Atlanta.
Wool has declined for nearly all qualities, ex-
cept New Mexican and Texas. The average Of
1O4 quotations Is 24.S cents. The outlook Is ia
vorable for q good demand when the new clip
appears. Depressing influences are felt in the
several branches of the dry goods and clothing
trade, not the least being the accumulation of
stocks which the open winter left unsold. Raw
cotton Is sc stronger. In the iron market more
pressure TO realize is seen here and at Philadcl-
phia, and Southern iron is offered at SOC to 81
below the corresponding Northern grades. Bar
iron remains very dull, and rails have sold mod
erately without lifting the prices. The allot-
ment for the year has been increased 200,000
tons. In the coal market no Improvement ap-
pears. The sales OF copper abroad at about 241
per ton, with no news of settlement between
the syndicate and producers, causes stagnatiOn
here, and while lake Is sold at 154c for April
the quotation for q. M. B., July, is only 10.05c.
Oil has been a shade higher, but pork Is SOC
lower. Pressure to sell abroad, and fear of mon
etary troubles grow1ngont OF the Paris difficulty,
have reduced the price OF coffee half AGENT. The
average prices of all commodities have again de-
clined over half OF 1 per cent. for the week.
The most important change is the fall Of 25s
cents in wheat. which naturally weakens as the
dreams of expected famine give place to the re-
~alizati0n OF large unsold stocks on hand. Re-
ports from growing and sowing regions continue
TO foreshadow a large yield this year, and the de-
mand from abroad, though better since prices
fell, Is not large enough TO promise a clearing OF
the surplus stock on hand. Corn has advanced
lice, and the export demand continues. Oats
are a fraction higher.
The favorable crop prospects strongly sus-
tain the confidence of those who
look for Improvement In all branches Of
legitimate business. The export business dis
tinctly improves already, and for the past five
weeks the value shipped from this port aggre-
gates $34,070.0O0, against $25, 901 900 for the
same weeks last year.
The apprehension of stringency In the money
markets about April ] has now passed, and the
heavy liquidation in securities on foreign &C
eign capital as has been feared. Secretary
Window has made IL clear that he will not at
present pay los for four-and-one-half per cents,
or purchase four per cents in preferences, and dur
ing the past week the treasury hastaken in about
$500. 600 more money than 10 has paid out.
The business failures number 222, as compared
with a total of $40 last week, and 249 the week
previous. For the corresponding week last
year the figures were OCT.