The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-18
DUN & CO.'S WEEKLY REVIEW.
Business Seems More Active, Though Mid
auyurner Dizziness L. tho Rule.

Business Seems More Active, Though Mid
summer Dizziness L. tho Rule.
NEW YORK, July 7.-R. G. Dun g. Co.'s
weekly review of trade says: Business
clearly seems somewhat more active,
though midsummer dizziness is still the
rule. At Eastern cities there is noticed
more demand for manufactured goods. with
larger sales for materials. At the West
trade is enlivened by the large yield of win
ter wheat already harvested and by the
very bright outlook for other crops. At
the South. however. where the crop advices
business, which 10 duller than usual and
at some points il pronounced unsatisfac-
tory. The general confidence Is strength
ened by the financial news from
Europe. which indicates that disturb
ance of the money markets from that
quarter need not now be feared and by the
change in the foreign trade of this country.
which points TO o material reduction of
balances payable abroad in specie. Inn
ports at New York have sharply declined
since July !. amounting to about y, JDO. O00.
or IS per cent. less than for the same weeks
last year. On the other hand. exports of
domestic products at this point show IN
increase thus far in this month of o. 81. 600.
or nearly SO per cont. in comparison with
the same weeks last year.
There 10 remarkable increase in the pro-
ductiOn of pig iron. almost to the unprece-
denied figures Of last year. The sudden in
spects favorable symptom. No
corresponding Improvement in the
demand for manufactured products
is yet seen and the stocks unsold at only
part of the furnaces are now recorded as
amounting to about 4S0, 900 TONS showing @
very large decrease. particularly in coke
iron. UnlesS demand rapidly improves the
market must soon weaken so far as to test
ur..tx nf IS o -
Germs to continue production. Already
there Is perceptible weakness in the market
at Philadelphia and some concessions in
price are noted for pig-iron and for plates.
while the market for structural iron is ex-
tremely Gull. As usual of late the demand
for rails is scsnty, the market for railroad
bonds being still dull and disappointing.
Reports from other cities are generally
hopeful.
Some Improvement in the demand for
goods is seen at Boston. Prospects are con-
sidered brighter at Philadelphia. In spite
of the usual dullness of the season an I'M
proving tendency 10 seen at Buffalo. and
lake shipping revives at Cleveland with a
larger demand than year ago. Orders for
clothing are good at Cincinnati and the re-
tail trade in dry goods is brisk. At Detroit
manufactures move very fairly. and at
Milwaukee trade is helped by improving
beef. wool and hides ut Chicago show q
great increase. and new wheat comes in
literally. 50 per cent of it grading No. 2.
Clothing and shoe trades show large in
crease over last year, though in dry goods
the trade shrinks little. At st. Paul
trade 10 backward. but prospects are good
AND Tor Minnesota especially bright
Bank clearings at st. Louis exceed
last years by per cent. and money
Is moving out to move crops with freedom.
while the general trade In all lines is of
fair volume. At other North western points
without exception. excellent crop prospects
are noted as promising improvement, and
at Nashville trade is fair. but dull at Mem
phis. unsatisfactory ~ Little Rock. falling