The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-17
DUN & CO.'S WEEKLY REVIEW.
Larger Volume of Trade-Money Markets
Gradually Hardening.

Larger Volume of Trade-Money Markets
Gradually Hardening.
NEW YORK, Aug. 16.-R. G. Dun & Co.'s
weekly review of trade says: In all di-
~rections business prospects continue en-
couraging, and the changes during the
past week nave been on the right side.
Exports increase. and a speculative rise in
breadstuffs has been checked. Interior
cities report increase in the volume of
trade, and the money markets continue
amply supplied, though rates are gradual
ly hardening. The great industries appear
10 be in fully as good condition as last
week, with clearer evidence of improve
ment in iron. Further crop news s~ustains
government advices, and strengthens the
prevailing impression that the August re-
port as to wheat was less favorable than
the actual situation.
In spite of small advances in some prod
ucts, the general range of prices has not
materially changed, and railroad earnings
continue good, though all controversies
nave not as yet been cleared away. Tele-
graphic reports from interior cities all
agree that the crop prospects are excellent,
and that the banks are as yet amply sup
piled with funds, while the demand for
money is slowly increasing, and lenders are
a little more cautious at some points. The
treasury has obtained but few bonds of
late. and Its surplus has risen above
500 900, but there is confidence at the
department that bonds will be freely offered
whenever there is any need of more money
in the principal markets. The impression
among bankers. however. Is that most of
the floating 4 per cents are held for specu-
lation. in the belief that the treasury will
be obliged to raise its price.
The capacity of IRON furnaces in blast
Avg; +, l was 4S,S99 1t, tons sss weekly against
month of over 5 per cent. in the
output. prices of pig, are every
where well maintained. The settlement
with coke-workers and advance in wages
will doubtless cause coke to advance to
S1.25 or S1.J0 per ton. and so compel an ad
vance in iron produced with COnnelIsville
coke for fuel. But the character of the
reliable and best known brands the demand
exceeds the supply, but for other kinds the
reverse seems yet to be the fact. Wool is
dull, dealers waiting for an advance, and
manufacturers for a fall in prices. the mills
lille working much below their full
capacity. But there are some signs of i'm
provement in the clothing trade. With
sales of only seven million bushels, wheat
advanced 2 cents. reacted. and closed only
l2c higher than a week ago. Corn. with
sales of 3, 100000 bushels, rose nearly l cent,
but closed with only lie advance. Oats
retained the rise of Sac. The bureau report
encouraged some speculation for higher
prices. but il was soon seen that in any
case the supply of wheat would probably
exceed all home and foreign demands. Oil
took a speculative dip of 8 cents, and re-
covered about 2 cents with no visible rea-
son. Pork products are generally lower.
and cotton unchanged for spot. with
print cloths weak at 3.67c. An adj
vance IN some styles of cotton goods
is by many expected, and the jobbing
movement is large. The trade in drugs
and chemicals at Philadelphia has also
notably revived. though dye stuffs
is fiat and disappointing, and an
thracite stove is said to be actually
selling at "a. and, nevertheless. another adj
vance in the nominal selling prices of 10 10
| stock market steadily improved until Tues