The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-02-20
WEEKLY REVIEW OF TRADE.
nt in Business Continues But Up
ward Movement in Prices Not Sustained.

ward Movement in Prices Not Sustained.
NEW York, Feb. 15-R. G. Dun & Co.'S weekly
review of trade says: Actual improvement in BUSH
ness continues. The upward movement in prices,
which was noticed last week. has not been sustained,
the general average for commodities being about
half of per cent. lower than week ago.
The output Of pig iron has diminished. The furn-
aces in blast Feb 1 were producing Ia, III tons
weekly against To-, 27O JAN 1, decline of 81 per
cent The rail business is stagnating; only three
mills out Of fourteen are now running. Plate and
tank iron trade is dull and in structural iron the
business is slow. There is cutting in sales OF pig
iron by some northern, well southern, furnaces
and purchases are generally confined to immediate
needs. The local trade is depressed by over-pro
duction and cutting of rates. The copper market has
been weaker abroad, and conflicting rumOIs about
refusal of American mines to contract with the syn
dictate current. Sales of lead have reached AGO.
tons with prices declining to $500. The TIN mar"
ket is demoralized, with sales at s2l.25,
Wheat has advanced 1 cent Tor the week; At
antic exports in five weeks ending Feb ., only
2l2 45S bushels, against Il 764, 53 last year. and Of
-four 5S 100 barrels against 2 552 last year these
compared with the exports Of l0,ll5335 bushels OF
corn during the same week, against 172o,56l last
year, shows how the foreign trade has been affected
by the speculation which holds prices Of wheat az
Chicago far above prices at the seaboard. Corn mas
advanced but half cent. with sales of 9,OO0OOJ
bushels, and oats are unchanged.
Oil speculation has lifted the price ~ &c ms
with sales Of 100000 barrels here. Cotton, win
sales of 375 900 bales and coffee with sales OF 2oO19
bags, have each declined = cent, and pork Is %
cents lower, with lard 2719 cents lower per 100
pounds. -
The dry goods operations, as in other branches o
business, to some extent retarded by the close
scrutiny OF credits which the sowness OF collections
in many quarters naturally prompts, but the re-
ports from the interior in that respect this week
rather favorable than before Clearngs through
banks last week we're 1914 per cent. larger than
year ago outside Of New York only seven cities re-
porting any decrease, of which San Francisco Min
neapOlis and st. Paul were most important
The stock market has been stronger on account
of the covering OF short sales, but more
discriminating in its temper than usual
Most of the granger roads weaker, but
failure 20 get the presidents agreement signed
by all the companies has depressing influence.
Evidences that the agreement is actually evaded are
accommodating and the Baltimore receipts OF are
especially noticed. The exports Of merchandise
have been larger and imports also show a large in
crease. The money market has been easy, rates on
call declining from ~ to "a per cent. and the treas
ury has disbursed during the week 81, 100000 more
than IL has taken in but the decrease in the circula
ton OF silver continues.
The business failures number 2S9. as compared
with 3O3 last week and $50 the week previous For
the corresponding week Of last year the failures
figured up 273.