The Indianapolis journal., 1891-02-21
DUN e co.'s WEEKLY REVIEW.
Outlook for Trade Not So Bright-How
Granger Legislation Affects Business.

Outlook for Trade Not So Bright-aow
Granger Legislation Affects Business.
NEW YORK, Feb. 2O-R G. Dun & Co.'s
weekly review of trade says: There is
still much uncertainty about the future of
trade. East-bound shipments from Chicago
for half of February have been 146, ,957 tons,
against 205. .2s5 last year. q loss of % per
cent. This is mainly due to the shortness
of crops, but the output and movement of
iron are also much smaller than year ago.
and the foreign trade here is falling below
last years, both in imports and exports.
The failure of the American Loan ana Trust
Company has caused some disturbane, but
the event has no widespread influence.
The tone of reports from other cities is
generally favorable Though there Is some
complaint of collections at the south be-
cause cotton 10 held back for higher prices
and fair only at New Orleans. the prospect
is bright at Savannah and tr.de is of good
volume. in spite of bad weather, at st.
Louis and fairly healthy at Kansas City.
st. Paul and Minneapolis have active trade.
though in flour output there is the usual
decrease for the season. At Omaha trade
is fair, but collections rather slow; at
Milwaukee it is improving. Chi
cago notes large increase in wheat
movement, but heavy decrease in dressed
ably above last years in dry goods, cloth
ing, boots and shoes. and satisfactory col
lections. The tributary region is consid-
cred healthy; confidence is strong and
money plenty among dealers. Detroit notes
quiet trade and only fair collections. but
at Cleveland and Pittsburg some improve
ment in iron 10 noticed. the latter reporting
finished iron In good demand and blooms
stronger. the coke strike having some IN
fiuence. At Cincinnati trade is average.
but especially dry goods good and with the
South
The decline of silver below 81 per ounce, at
one time to gl2 cents. discourages those
who were looking for q speculative boom In
prices. Wheat is one cent lower. with sales
of Is, ,O00. 900 bushels; cotton Il cent lower,
with sales of 677, 900 bales. and oil 33s cents
lower. Corn and oats have advanced half
a cent each. and hogs shade.
years. as well as tho receipts. but wheat
and flour exports fall far behind and the
movement in provisions shows little in
crease. In January the exports of cotton,
breadstuffs. provisions, cattle and oil
weIe SCI, ,549. $50 in value against $50. 375. 724
last year, which points to heavy excess
Of exports over imports of that month,
but the later advance in sterling exchange
and the moderate outgo of gold Indicate
that the merchandise balance is Outw eli he'd
at present by the return of securities or the
withdrawal of other capital previously in
vested here. To this movement probably
the laws passed or pendlng In some West
ern States contributes; thus the Kansas
House has passed bill to tax all mort
cages notes and bonds, making them
not collectable unless stamped by asses
sors. This and other measures cause much
calling of loans and removal of capital.
There ia stronger tone in the iron market.
The coal market Is depressed by the enOr-
nous output. thus far 9S4. 057 tons. or nearly
80 per cent. greater than last year, and tin
and lead or both weaker.
During the past week the treasury has
taken in altogether about 5000. 900 more than
1t has paid ont The outgo of currency to
the interior appears to have begun. howev-
or. notwithstanding the fact that at almost
every other city the money market is easy
or growing easier. and scarcely one now re-
ports the market close.
NThe business failures occurring through
out the country during the past seven days
number 295, as compared with the total of
297 last week. For the corresponding week
of last year the figures were 27l.