The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-17
DUN&CO.'SREV1EW OFTRADE
Legitimate Business Not Appreciably
Affected by the Exports of Gold.
There Is apprehension, However, in the Spec
ulative Msrkets-Conditions Throughout
the Country Decidedly Healthy.

NEW YORK. Dec. 16.-R. G. Dun g. Co.'s
weekly review OF trade says: The ship
ment of more than $1,000. 900 in gold to
Europe early this week has caused some
natural apprehension in speculative mar
kets. 1t is true that the gold is demanded
by Austria under such circumstance that
an exceptional premium is paid for it. but
neither Austria nor any other country could
draw gold from the United States ut the
present time unless there were heavy sales
of American securities by foreigners. The
exports of Oreadstutfs. cotton, provisions,
cattle and petroleum In November AMOUNT
ed to So. 669. 1872, indicating aggregate ex-
ports of about sos, 600. 900 per month. and
an excess of merchandise exports over I'M
ports of not less than $50. GOO. 900. At the
same time silver has been going abroad in
large amounts. 1t is clear that unless Sc
curities had been moved this way in IN.
usual amount gold could not be taken
abroad in the settlement of international
exchanges. But the conditions OF domes-
tic trade are decidedly healthy. and the
approaching close OF the year will lind a
larger volume of business. both foreign
and domestic, than has ever been known
before.
At Boston general business is steady. At
Philadelphia groceries are active and trade
in glass goods dull. At Pittsburg the de-
mand for manufactured iron is somewhat
less urgent. but the output OF pig-iron in
creases ana trade in glass is fairly active.
The shoe trade at Cincinnati Is satisfnc-
tory and collections fair. At Cleveland
trade is active in dry goods, groceries,
crockery and holiday goods. and fairly
good In other lines. but IN rolled iron bust
ness 10 quiet and prices have fallen 10 pcr
cent. At Indianapolis business is compsra-
lively quiet, and at Detroit dull, though
iron products are in fair demand. Trade
at Chicago 10 especially active in holiday
lines. and collections are good, with not as
much need as usual for loans
lard. dressed beef. rye and hogs
are less than a year ago. and also of hides.
corn, wool and flour. While some increase
appears in cheese. oats. barley. wheat. cat
tie and sheep. At st. Louis holiday trade
ment there in railway facilities is felt in
the growing shoe. dry goods. saddlery and
tobacco business Of the city. At Milwaukee
business Is larger than q year ago and at
St Pau and Minneapolis fairly good.
though collections are backw ard. The
lumber trade Is very active and wheat re-
ceipts at Minneapolis are q million bushels
larger than last year. Trade at Omaha is
active and at Kansas CITY dscidedly great
ness is especially active, with o good de.
maud for money. Trade at Denver is very
fair, at Louisville q full average, and st
Little Rock improving because of the rise
In cotton. Business at Memphis is dull,
but very good in holiday lines at Nashville,
and at New Orleans fair. with money In
good demand, and good trade is helped by
the improvement III prices of cotton.
Coal is exceedingly quiet. The trust has
advanced the price of whisky again. ap-
parently hoping that the government will
increase the tax. The trade in boots ond
shoes continues remarkably large, and 1t is
noticed that orders from the South are I'M
usually free. In the dry-goods business
increased strength Is seen in cOttons, and
sales of wool for the year at the two larg-
est markets have been 2SS. DIG, go pounds,
against 236. 81, 900 for the same weeks last
year. nm increase of more than 81. 00O. 900
pounds. 1t is noted that the freight move
ment, both eastward and westward. is un-
usually heavy.
The movement of gold does not for the
present cause especial ~stringencg in the
money market here. because currency IS
coming this way from the interior. Never
theiess it is felt that any considerable
Outgo ct this season must affect prices of
products. Wheat 10 nearly 1c lower than
u week ago. with but moderate sales. Then
corn j. about 10 higher, and oats sn bstan-
italy unchanged. In the cotton market
extraordinary speculation continues. with
sales of more than &c., 900 bales for the
week and a slight advance in prices.
Money has been a little dearer. the rate
on call rising from 4 10 5 per cent. and
foreign exchange has advanced from SASS
to S4.SSl2. The treasury has made no i'm
portant changes in the supply of money
during the week, the main difference bav-
ing been the result of the exports of gold.
The business failures occurring through
out the country durin the past seven days
number 30i, as compared with totals of 297
last week. For the corresponding week of
last year the figures were SS5.