The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-03
DUN g. CO.'S WEEKLY REVIEW.
Trade Continues Better than a Year Ago
Many New Enterprises.

Trade Continues Better than a Year Ago
Many New Enterprises.
NEW YORK, Aug. ar. G. Dun & Co.'s
weekly review of trade says: The country
begins to feel the stimulus of good crops.
New spring wheat began to arrive at Chi
cagO on the LIST, ten days earlier than last
year. The st. Louis corn corner has no eff
feet. as an abundant yield is expected, and
business in all departments is gaining. st.
Paul reports Improvement in trade, and
Milwaukee, Also in all branches. At Oma-
ha assurance of crops above the average
makes business excellent. In winter
wheat regions the improvement consequent
upon a good yield has now been steady for
some weeks, though at Kansas City bust
ness is still quiet. In the iron regions
distinct increase in demand is felt, and here
orders for one hundred new locomotives
have been placed during the week. The
certainty of large traffic also has Its effect
upon railroad negotiations, which have
made progress toward peace.
The fact that under such favoring cir
cumstances the stock market has gained
during the week only 40 cents on 500 in
the average of prices may be attributed to
monetary uncertainties, and to the great
volume of securities awaiting buyers, for
the III success OF the interstate agreement
have inclined many holders to sell. while
projects for $1,000 miles of new railroad,
and for vast number of industrial trusts,
have caused an unusual body of new stocks
and bonds to be offered, of which but q
small part has yet been placed. The money
markets of the interior continue generally
well supplied. At Chicago, while active,
the market is easy; but at Boston rates
varied In July from to Q and back to per
cent, and the movement Is now active at 3.
The treasury operations have only added
500. 900 to the cash on hand for the week.
The volume of trade continues to exceed
last years at New. York IL per cent. and
outside 12la per cent according to clearings
through banks. Exports for July from
New York appear l4l2 per cent. larger than
last year, with imports sig per cent. larger;
but the large offerings of bills against
products To be moved hereafter prevents
apprehension. The crop prospect is re-
sponsible for a decline of 2asc in wheat
during the week. though corn and cotton
for immediate delivery are fractionally
higher. Pork products have all declined a
little, and hogs Zoe per 100 pounds. to $3.50.
Sales of wheat reach 100000 bushels for
the week; of corn, 100000 bushels, and of
cotton. 80. 900 bales. Coffee is three-quar-
tiers stronger. with sales of $4,000 bags In
oil only 3, 200, 600 barrels have been sold, and
the price is about 1c lower. The WOODEN in
dustry still hesitates If the goods market
does not soon improve, a general yielding
In wool would seem inevitable. On the
other hand, more encouragement Is felt III
the iron business, the demand increasing.
BARRON is stronger, plates more active at
full prices. and rails strong. though at pres
emit without considerable sales. The coal
trade is still sluggish. Copper has not ma
terially changed. and tin has been weaker
abroad. selling at 19.65c here. Lead has
been active in speculation, rising 10 cents.
In the boot and shoe and the leather trades
the feature is the importunate demand for
buyers for speedy. delivery of goods. No
nAna in ia has
nected The General movement of nricss
IN July was upward, averaging per cent.
for the month.
The business failures number $40. az COM