The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-09-25
REVIEW OF Trade.
The State of Business Throughout the COun-
try ENCOURAGING.

try Encouraging.
NEW YORK, Sept. OR. G. Dun & Co.'s
weekly review of trade says: Throughout the
country the state of business is encouraging,
and the only disheartening features are in con-
nection with the speculative operations. Stocks
have not quite maintained the recent advance,
the chief cause being the western railroad
wars. Speculation in breadstuff and cotton
has been at a slightly lower range of prices, but
with moderate transactions, and slackness OF
cOnsumptive demand causes a weaker tone IN
the coffee and sugar markets, without material
change in prices. Oil speculation is a shade
stronger, and provisions steady. At Boston a
conservative feeling still rules the money mar
ket and business has not wholly recovered from
the recent set-backs, but is improving in
wool and is steady in leather and
lumber. At Philadelphia the job
bling dry goods trade continues
good; the grocery trade improves, exceeding
last years; the paper trade decidedly revives;
the liquor trade is active and drugs and chem
icals moderately active, bat in wool there is
very little movement. At Chicago there Is
decline of receipts of wool and of grain, higher
prices for wheat leading farmers 10 hold back,
but large increase in provisions.
years Milwaukee reports constantly improv-
ing business. Kansas City reports business
and collections fair average for the season,
and Cleveland increased activity, especially in
iron and ore. At Omaha great crops give good
business and collections, and at Pittsburg i'm
provement is seen in bessemer iron and steel,
in coke and coal, with resumption of glass
works at 90 per cent. higher wages. Southern
prospects also are all encouraging as to crops
and present trade.
There is nowhere any stringeucy on money,
the supply being ample for legitimate needs.
Foreign exchange has dropped hall a cent, and
possibilities OF gold exports appear more re-
mote, while merchandise exports for three
weeks exceeded last years by 81 per cent, the
increase in imports meanwhile being but per
cent. The treasury also has been so managed
that its actual holdings of cash are 100000
lower than last Saturday. Thus far the New
York banks have been able TO meet all demands
for the interior without disturbance, but it is
not forgotten that the demands are not yet
over, the reserves are low, and there is no pres
ent prospect of supplies from abroad.
The great industries appear to be gradually
improving in condition. While the improve.
ment is slow in wool manufacture, there is
clearly a more active demand at Boston, and
sales of wool there this week arc S,25S,00O
pounds. But the larger movements, mainly in
fine washed fleece, has been secured by con-
cesSiOns in price. The goods market is still
made from cheaper wool, which have to be
cleared of before adjustment OF the market to
the present price of material is possible, and,
meanwhile, a pressure to sell may prevent an
advance. In iron business confusion increases
because southern coke, No. l foundry, is offered
at 500 for delivery to the end of January,
while anthracite No. sells at Sl7 to SIS, and
higher for special brands. Large contracts for
structural iron in Chicago and ST. Louis ele-
waited roads have been taken in eastern Penn
sylvania, and the orders for rails on books
Sept. 1 were 1,135,000 TONS quotations here
being still unchanged.
The partial failure Of potato and fruit crops
and the injury to butter by recent storms
caused an advance in prices, and the general
average for commodities is now about per
cent. higher than Sept l. The unprecedented
movement of cattle and fresh beef to England
attracts much attention, the exports having
been over 100000 head of cattle and 10000
600 pounds of fresh beef within three months
ended with August, besides "a OOO, 900 pounds
of cured or canned beef. And it is noteworthy
that the export trade, though barely maintained
In some important branches, steadily broadens
by large increase In minor items not hitherto
important.
The business failures number 1873, compared
with total of 1913 last week and POI the week
previous. For the corresponding week last
year the figures were DDS.