The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1890-02-08
DUN & co.'s WEEKLY REVIEW.
General Trade Better, but Industrial Out
look Not So Bright as 1t Was.

General Trade Better, but Industrial Ont
look Not So Bright as 1t Was.
NEW YORK, Feb. 7.-R. g.. Dun & Co.'s
weekly review of trade says: 1t rarely
happens that the situation In business is as
perplexing as it now appears. The general
tenor of reports is less encouraging. Yet in
every quarter there is seen strong conf
dence In the future of business, and such
reaction as appears is generally believed to
be temporary. The monetary prospect has
clearly improved. While the bank rate in
England has not been reduced. the gains of
s1.s1O.0O0 by the Bank of England and $780,
900 by the Bank of France in gold reserve
lessen the chance of disturbance by q drain
from that side. Domestic money markets
are generally growing easier, with moder-
ate or fair demand. Collections. also, arc
average or fair at nearly all points, and
definitely improved at several. good at
Chicago. in dry goods and boots and shoes,
more satisfactory at st. Louis. mentioned
rs slow In fewer lines at Philadelphia, but
still below expectations at milwaukee,
Money accumulates here, notwithstanding
the Treasury has taken in 81 ,000. 600. during
the week, more b it has paid out.
At almost all interior cities the unseason-
trade, though Philadelphia reports more
activity in dry goods. In lumber and In
other building materials; Chicago a large
increase over last year in grain and pro-
visions. but a decrease of 80 per cent. in
wool receipts. owing to the snow blockade.
smaller sales of dry goods and about the
usual sales of boots and shoes. Cleveland
reports q larger trade On the whole
than a year age but at st. Louis
trade K.ns.s d i os slightly s1sr.s, rs 81 g. paul .s 81
Minneapolis somewhat improved, but at
most other points only fair for the season.
The larger Branches of industry do not for
the moment show entirely encouraging re-
suits. Iron is Enthusiastically weaker at
Pittsburg and here. and whilc the steadi-
ness at Philadelphia 10 considered hopeful.
the business in bar-irOn 10 there pronounced
Extremely dull" in plates very dull"
and IN strnctnral-iron new business comes
very. slowly. while In nails there is not
much doing at present, and in steel rails
only two or three moderate sales are re-
ported. The decline in England, from 65s
I'd to 5s Cd for Scotch pig, has some infiu-
ence here.
Wheat hasdeclined q quarter. corn three
quarters and oats thre~e-eighths of a
cent. with moderate trading. Oil has
risen 2 cents, and hog prod.
Of of' sugar are by Spreckels's agent below Glow
the trust prices are noted at Boston, and
the price hero has droppei isc for raw and
refined. Coffee is steady and the minor
metals are all lower abroad and weaker
stock market, which is held very stubborn
ly. the average of prices being scarcely a
quarter of l per cent. lower than a week
ago. The reported earnings of companies
are heavy, averaging for january . gain of
II per cent. over last year. when rates were
much d~emoralized. The foreign trade of
the country seems to shrink q little. as is
natural after the enormous movement of
last year, and exports and imports at New
York both show some decline in COMPARE
son with q year ago. the returns. as usual,
including no specie. but merchandise only.
The business failures number 81, as COM
pared with O total of 2l for LAST week. For
the corresponding week of last year the
figures were 500.