The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-05-07
DUN&C0.'SW WEEKLY REVIEW
Money Said to Be Abundant Every.
where Because the Demand Is Short.
linn ense Storm Area and Floods in the Gen.
trail and Western States Has Retarded
Business Temporarily the Past Week.

NEW YORK. May 6.-R. G. Dun g. Co.'s
weekly review of trade says: Business has
been much retarded. throughout most of the
Western States, by unusual and continued
rains. The movement of products is thus
delayed, though it 10 believed only tempo
rarily. Collections are retarded, seeding
in many quarters is interrupted, though,
on the whole. fairly advanced for the sea-
son. and distribution of goods is checked.
A somewhat better tone appears at the
South, and business at the East is fairly
active for the season. although in some lines
dull and depressed. Money is every where
abundant; in part because the demand is
smaller than usual. but this is in a measure
due to the unusual conservatism of trade,
buyers making many small purchases in
stead of larger purchases, and waiting
more carefully for actual distribution
This Is peculiarly the case in dry goods
and the boot and shoe trade. The orders
at any one time have been in most branches
moderate, but they have been repeated
again aud again until the volume of bust
ness is large. Shipments OF boots and shoes
from the East were d per cent. behind last
year for the earlier months of 1892. but
have been rapidly catching up, and are now
u POA "a Ooo thoh AoSs y0bA W ~
Stocks of woolens throughout the country
are believed to be unusually light, and
while clOthiers are slower han usual. hav-
ing been occupied beyond the usual time
with their spring trade. q great business IL
expected. Flannels are improving and the
unprecedented distribution of dress goods
helps the manufacturers Sales of wool
this year at the three great markets have
been 9s. 2s2.S $40 pounds. against S7.l0o.G76
last year. q gain of z per cent. Inquiry for
cottons is large and improving. Western
stocks being small and trade in prints fair
for the season.
The iron trade showsilarger transactions.
but no better prices. There is a larger
business in plates. though at demOralized
prices. More inquiry is seen for rails. BOs.
ton notes unreasonable weather and yet d
fair trade. At Philadelphia the grocery
trade is larger than a year ago. At Balti-
Southern trade being fairly maintained
and exports exceed those of the previous
month. Iron is slightly weaker at Pitts
burg and the glass trade not pushing. but
the hardware trade is exceptionally good.
The demand for coke 10 shrinking and
prices are cut. Trade In dry goods and
hard ware at Cleveland is good. and fair in
boots n ohoes and groceries. with in
cinnati the shoe business exceeds
last years. but building and the har-
meas trade are unsettled by labor diff
ficultirs. At Chicago the receipts of
products have been generally diminished
by bad weather. and dry goods sales are
smaller. but in other lines sales are better
than O year ago. At Milwaukee money is
in active demand, though the ram checks
shipments and seeding. AT st. Paul the
backw ard season makes jobblng dull and
collections poor. but at MINNEAPOLIS the
lumber trade is good and the flour output
large. Rams retard trade at Omaha, but
live stock receipts are almost the heaviest
ever known u. and grain receipts in ten days
greater than in thirty days preceding.
Business at Kansas City is fair III spite of
bad weather making receipts light. At st.
Louis trade Is strong and improving; at
Little Rock business ia fair; at Louisville
improving. with tobacco still active; at
Now Orleans somewhat improved. with
cotton more active. and at Savannah some
what decreased. drought having affected
crops.
Wheat met the expected reaction. selling
of 4l9c and recovering &c. Receipts and
exports are both larger. but stocks IN the
country far exceed any probable demand.
oats lac. Cotton is l16c higher. though re-
ceipts and exports exceed last years be-
cause OF sensational accounts OF decrease
in acreage. Pork products are a shade
lower. and coffee weak at sc decline. Re-
ceipts of cattle at Chicago in April were
the largest ever known In that month, ex-
ceeding last years by - per cent. There
has been n large speculation in tin. but
copper seems scarce for immediate deliv-
cry, aud lead is strong. Coal is dull though
firm. but purchases of coal properties by
the Pennsylvania enlarge the probable
competition Exports for the week were a
little less than last year. and imports have
been q little larger.
The business failures occurring through
ont the country during the last seven days
number 30. rs com pared with totals of 211
last week. For the corresponding week OF
last year the figures were 2f2.