The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-09-11
WEEKLY REVIEW OF TRADE.
Improvement Noticed in Almost Every De
partment of business.

Improvement Noticed in Almost Every De-
partment of Business.
NEW YORK, Sept 6.-R 6. Dnnn Co.'s
Weekly ReUietC Of Trade says: Real improve
ment is in almost every department of
business. With each week it becomes more
certain that the crops of the year will be large
and of late the news from abroad has clearly
indicated larger foreign demand, while such
speculation as might arrest the outward move
ment of grain and provisions has thus far been
prevented. The effect of heavy bond purchases
by the treasury has been great in the stock
market and is now felt in much bet
ter demand for commercial paper, while
the prevailing opinion IN the street
is that all danger of monetary
stringency is over for the year. The reports
from other cities are unusually satisfactory, in
dcating at every point either improvement or
continuance of previous activity where the ex-
pansiOn of trade has been greatest. At Chicago
August live stock receipts were larger than for
any other month, and grain receipts increase,
though receipts of provisions fall off. Sales
and collections are up to the average, and the
supply Of money is ample for the demand
though there is a slight tendency to hold of
for better rates. At Cleveland there is great
activity especially in ore and pig iron, and the
demand for ore seems to have actually ex-
hausted the supply for the season. But trade
in wool and coal is dull. At Boston how
ever, wool is selling more freely-2,672OO 600
pounds for the week, largely of Montana and
Ohio feeces. at some concessions in prices, but
more confidence is felt. Leather is in active
demand, and boots and shoes are steady, with
the factories well supplied with orders until
October.
The improvement in iron and steel is general
at Philadelphia and Pittsburg but large buyers
hesitate here and No. PIC is still quoted at
for bar iron is heavy and prices have advanced.
Though the production is enormous it is
realized that the cost of making iron is ad-
vancing almost everywhere, and meanwhile the
remarkable rise in prices abroad shuts out all
foreign competition to an unusual extent. The
coal trade does not improve, however, and the
vote 10 restrict September production has
failed as vet 20 bring the desired increase Of
orders. Copperis weaker abroad and apathetic
here, though offered for future delivery below
present syndicate prices. Tin has been weaker
at 2Ol<c for spot and lead stronger at &c.
The attempt to hoist wheat on extravagant
estimates OF the European deficiency and de-
mand has not been a success, and the price
has declined Sc tor the week, with sales of
only 100000 bushels That Europe will want
more wheat than it did last year is obvious but
this country has a great deal more to sell. Corn
also fell cent, with sales of 100000 bushels,
and the continued exports reaching 1000 900
bushels for four weeks of August, have an i'm
portant bearing on the probable price of wheat
Oats were also a shade lower and oil declined
still lower, but at the decline some increased
demand appears. Pork has been steady and
hogs higher. while the spectators in coffee
have raised the price TO 194c.
During the past week there has been great
activity and n general advance in stocks, under
the exceptional stimulus afforded by treasury
disbursements. The cash holdings of the treas
ury have been reduced over S15,0O0,000 since a
week ago, partly in payment for bonds of
which considerable offers still made daily,
and partly in the disbursements incident to
the beginning OF the month. The effect upon
stocks has been advance of s2.15 per share
in the prices of a dozen active securities, and a
moderate advance in the rest of the list, with
the failure of one operator the wrong side
of the speculation. Both in imports and ex-
ports the increase over last year continues
enormous and the rate of foreign exchange
has advanced TO ASS, the bank of England
holding its minimum at per cent. The gen.
eral level Of prices OF commodities is shade
lower than Sept. l.
The business failures number POI, as COM
pared with a total of 211 last week and 206 the
week previous to the last. For the correspond
ing week of last year the figures were 224.