The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-05-20
Dun & CO.'S WEEKLYREyIEW
This Mercantile Agency Finally Admi s
The Business Outlook Gloomy.
No Wonder Gold Is Flowing 0Gt of the Coun-
Try When Excess Of Imports Over Exports
for Four Months Has Been $50 ,233,9iS.

NEW YORK, May 19-R. G. Dun N Co.
say: Stocks rally from extreme depres-
sion, but business shows no substantial
Improvement Tie distribution of prod
ucts TO final consumers is rather less en-
couraging. though the weather has been
generally more favorable and at some
points helps retail trade Wholesale busi-
ness and production show each week more
hesitation with regard to the crops next
fall. the possibilities of tariff changes and
money uncertainties. Some largo failures
and many of minor importance show the
effects of increasing stringency In money
markets. and W lille money 10 comparatively
easy here the pressure at other places has
increased. Almost every where collections
are slow, and doubt about the future
affects now undertakings. although
the present volume of trade, based
large. The treasury is in q stronger
position than for some weeks past. but ex-
ports of gold have notably increased. TX
ports Of products in April were In value
only St0. 6l2. $50. q decrease of more than
SIS. 3OO. QUO. while imports were sSi .U92.
an increase of SS.600, 600. SO that the excess
of imports for tho month was 81, 31o, 4l2.
and for four months of the current year
$50, 233, 916 In two weeks OF May exports
have been but slightly decreased. while
imports have been 5000, 600 greater than
last year. In such conditions 1t Is not
strange that large amount OF gold has
gone abroad this week. and $25000 600 has
been ordered for shipment to-day. The
extraordinary bank failures In Australia.
involving deposits already amounting TO
more than SiO. 600. coo. of which l25.OOo,OOO
was due to British depoeitors cause much
realizing on securities and merchandise.
the effects of which we're felt In American
markets. Nevertheless stocks lave been
decidedly stronger this week. with healthy
American buying.
Iron Is rather weaker at Pittsburg, the
coal good and glass falr. Little improve
msnt Is seen at Cincinnati Trade at
Cleveland Is dull. collections slow and
money close. The monetary situation I'M
proves at lndianapo but at Detroit the
jobbing trade Is TO 10 per cent smaller
than last year, though manufactures are
at work full time and money Is easier. Chi
cago reports improved retail and satisfac-
tory Wholesale trade. with liquidation and
lower prices for local securities and SLOW
collections. Esst-5ouDd rail shipments are
larger. but wheat Is at the lowest price for
thirty years. Milwaukee trade improves.
but money Is very tight. AT Louisville the
money market improves.
Wheat is 112c lower, with sales of %. 600.
600 bushels for the week. Corn Is Sc
and oats hc lower. Pork products are
slightly higher, and cotton unchanged.
While the great industries are well EN-
ploy ed orders for the future are growing
more scanty. The iron trade Is weaker,
Southern forced sales depressing the price.
No Improvement Is seen sin bar iron. and
competition depresses plates. Pittsburg
having taken contracts at amazingly low
prices, while structural iron is lower than
ever.
The failures for the week number 247 in
the United States. against 1863 for the same
week last year. and fourteen in Canada,
against twenty-three last year.