The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-05-08
THE REVIEW OE Trade.
Centennial Celebrations Have Made the
Past Week Nearly Blank.

Oentennfai NelepfHtlOnS nave maze the
Past Week Nearly Blank.
NEW YORK, May 3.-R. G. Dun & Co.'S
weekly review of trade SAYS: The unprece-
dented interruption OF business by centennial
preparations and celebrations has made the
week nearly a blank in commercial or financial
respects. At New York accumulated orders
gave a surface appearance of greater activity
on Thursday and Friday, but it is yet too soon
to Judge which way the tide viii turn, and the
reports from other cities, though nearly
all hopeful in tone, do not indicate
the expected improvement. The situation
seems better at Milwaukee, satisfactory
at Omaha, good at Cleveland as 10
most branches, but questionable as TO iron
rather dull at Kansas City aud ST. Paul, and
less encouraging at the eenters OF the grain,
iron, coal, and leather trades. Collections are
"far from satisfactory" at Milwaukee and not
improved at Detroit. but in other lines there,
and at other cities generally, they seem fairy
satisfactory, and at New York some dry goods
dealers complain that collections are too
goOd'-buyers keep so Tar within means.
Reports about the wool trade are eOntIdic-
tory. A report that the treasury may
ton for months dis'urbs importers
who have quantities of goods locked up
because collectors wait for decision. Other
wise the wooden trade shows little better
movement. Silks are quiet, but linens are
quite active. A fair business in boots and
shoes continues. The paper trade is active.
The slow improvement continues in drugs and
chemicals. Recent signs of improvement in
iron and steel have not been sustained. Here
and at Boston southern No. pig has been Of
fered at SIG, and though by new companies TO
introduce their products, the effect on prices OF
9TH srnra - eli dol. - ,b
sales are "hard TO make" it is said that there is
a very remarkable feeling Of confidence, but at
Pittsburg prices are lower. sales of manufac-
tured iron more difficult, and a large sale of
steel rails at $40 is reported here to have been
made by a Pittsburg mill. Coal is dull: the re-
ported increase in stocks for March is 60000
tons, and strike al Pittsburg is expected.
Wheat goes lower yet, having sold at s2l{
cents; corn has declined & of q cent and oats
cent since last week; pork is unchanged, with
lard and hogs a shade higher; coffee and sugar
are unchanged, but oil is y of q cent higher. In
general, the course of prices still tends down
ward, but many products of large importance
are now so low that not much further decline
is expected, while quick advance might fol-
low a revival of demand or speculative conf
dence.
Stocks have been neglected and dull, but a
little stronger In price, with disposition to be-
lieve that the next considerable movement
must be upward The future of the market
probably depends much upon the movement of
money and the feeling of foreign investors. aud
for the moment both favor holders but bankers
look upon a considerable outco of specie as not
improbable, and the policy of Secy. Window
as far as it has been made known, does not
seem likely TO cause large disbursements before
July. The only favorable feature is that mer-
chandise exports are still large. The treasury
has taken in during the week $1,S00,OOO more
than it has paid out.
The business failures number 2l4 for the
the week and 213 for the week previous aud 246
the week previous. For the corresponding
week of last year the figures were 234.