The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-16
DUN & CO.'S WEEKLY REVIEW.
The Failure of Wheat and Copper Specula-
lions Helping Legitimate Trade.

NEW YORK, March 15.-R. G. Dun & Co.'s
weekly review of trade says: The fall In the
price Of copper from about $50 to 6 so per ton
at London appears TO have come to stay. Liqui-
dalton Is confessed necessity at Paris, and con-
sumers in this country are looking for much
lower prices when contracts run out In June.
While Boston stocks have declined severely,
there are no signs Of disturbance there and rates
for money comparatively easy. Prices at
present are nearly nominal, with scarcely any
trading. Tin declined little, and lead was
weaker. The monthly report OF iron furnaces in
blast, contrary to general expectation, shows
slight increase in February, the output reaching
149,775 tons weekly to March /, against about
1Os, 500 last year. The market for bar-iron is
pronounced the poorest for many years. The
fallen on to almost nothing, and while
there is more demand for plate-iron, and the
provement and are demoralized. and steel rails
been SOC. $50 tons. and deliveries AZ ton ns
and makers decided not to increase the allot-
ment.
The government report showing 112 OOO. 900
bushels of wheat in farmers hands, is regarded
by operators as an argument for lower prices.
Sere hs thus in sight a5o
more than will be required for food and seed un-
til July /, and there Is, besides, large stock on
the hands of traders, not included in the visible
supply, and probably more than the ordinary
stock of flour hand, the winter having
been open. When 1t Is considered that
the ordinary stock of flour would probably
exceed sc, 000, 900 bushels Of wheat, and that
last years exports of wheat and flour, March L
to July /, cover but $4,000, 900 bushels, the
prospect of scarcity seems remote. The price
has fallen 4 cents for the week, with sales of
$4,000, 900 bushels here. Corn is cent lower
and oats Il cent. Pork products are unchanged.
No change appears in coffee, and but a fraction
in oil.
The stock market has been weak and prices
have declined an average of 81 per share, with
considerable selling by foreigners, perhaps Oc-
casi0ned In part by fears OF disturbance at Paris
There was increased disheartenment as to rail-
roadprospects. The traffic returns continue fairly
ahead OF last years, however, and the root of the
difficulty is still dissatisfaction of investors with
the manner in which corporations have been
managed.
The reports from the interior this week almost
ness, though the complaint of slow collections
is about as general as before There Is improve
ment in leather, liquors, groceries and cattle.
Money at all interior markets remains in ample
supply, while at Milwaukee, Detroit and q few
minor points, improvement in the demand is
observed. The treasury has taken in during the
week only 800, 600 more than IL has paid out.
On the whole, while the Improvement in trade
Is slow and narrow. it Is clearly helped by the
failure OF wheat and copper speculations, and
by the movement of prices toward lower level.
commodities has been nearly half of per cent.
The business failures number 26l, ascompared
with a total of 2S1 last week and 232 the week
previous