The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-09
DUN&CO.' SREvIEW OF TRADE
Gloomy Outlook for the South Continues
with Ruinous Price Of Cotton.
New Year Opens Favorable for the North
with an Unprecedented Foreign Demand.

NEW York. Jan. S-R. G. Dun e. Co.'S
week of the new year has been marked by
some striking events. These changes do
not threaten. but promise TO help the legit-
innate business of the country, which over
confident speculation at this time might
have embarrassed. The government issued
this week Its fiual statement of the yield
of wheat. corn and oats. The yield Of
wheat now reported exceeds previous de-
partment estimates TO such an extent that
the price has dropped sharply 3kc for the
week on sales of only fifteen million
bushels. Oats also dropped 2isc. but CORE
rose an eighth. large exports. actually ex-
ceeeing those OF wheat for three days or
the week, sustaining the price. Pork
products SCARCELY changed; oil rose 2%e
and coffee &c. Cotton has dropped 70 the
lowest prices since early In 1919. VIZ: lao
for mid-uplands Receipts at the South
continue greater than last year. and
though exports are also greater, the stock
accumulated. and largely carried by banks
at various points, has o depressing infiu-
ence.
This affects trade throug hout the South,
and at Memphis the outlook Is considered
poor and collections are very slow. AZ
Nashville trade is only fair. though money
is easier. At Little Rock trade is dull AZ
Galveston very conservative, with failures
much exceeding those of last year In num-
Der. At Savannah trade Is quiet. though
money is easy. and ut New Orleans banks
are easier and a better feeling 10 seen IN
the money market, though unusual quanti-
ties of cotton. sugar and rice are being car
RED. The demand for sugar and rice 10
strong and active. with slightly better
prices, but cotton is declining. with heavy
receipts. Trade in other parts of the
country is fair for the season. the new
years quiet not having, entirely passed.
lines. AT philadelphia liberal orders
are noted for spring materials,
and while trade in other branches is now
good. Baltimore reports healthy money
market. and Cincinnati activity in clothing
and moderate trade In WHISTLES, with .
favorable start for the year. Cleveland
iron in good demand. At PittsburR the out
look seems better; pig-iron is stronger. and
finished iron in good demand.
Chicago reports some increase in receipts
of barley. cured meats. cheese and cattle,
receipts OF oats nearly double last years,
of flour. corn. rye and dressed beef fully
double, and of wheat three times lass
years. Dry goods sales are light. though
payments are better; sales of clothing
ago. and money is in fair demand
with the supply ample for legitimate
trade. Milwaukee finds good indications
Tor the spring trade ana heavy snow helps
the lumber business. At st. Paul trade 10
quiet usual, with excellent prospects,
At Minneapolis the car famine Is over, and
the output of flour was IL, 900 barrels.
against l14.000 last year. with lumber sales
of 1891 exceeding those of 1890 by 81, 900 600
feet. At ST. Louis cold weather causes
better trade in heavy clothing. and other
trade is seasonable, the grain blockade
having been broken. Trade ct Kansas City ID
quiet and money in light demand. Collec-
tions throughout the Northwest are very
fair, though slow at most Southern points
The great Industries report no important
change. though in iron large business 10
being done. and the tone is improved.
Some improvement is seen in bar and plates,
and fair business in structural iron. The
coal trade is ragged. though the demand 10
beyond all precedent. Less demand IL
seen for copper, although large sales have
occurred. Tin is weaker and lead dull.
The money market has been well supplied
at this point. and other markets through
out the North are easier. In brief the
business prospects of the country are re-
markably favorable for the beginning of D
new year, excepting at the South. While
the depre ssiOn in that section may consid-
erably affect some trades and branches OF
manufacture. the uplifting influence OF
large N thern crops and of unprecedented
toreigI inand for Northern products
gives sntial ground for tine great con-
fden sch prevails.
Th' .iness failures occurring through
out re country during the eight days
since Dec. 81 are 435. as compared with q
ing week CT last year the figures were 403.