The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-23

have not been cheering in character but
the minds of many are now turning TO the
things. Speculation is torpid, except in a
few stocks and in cotton. With scanty
buying wheat has changed little in price,
though Western receipts have been only
2.7i6,5l4 bushels against 4.19S016 last year.
and Atlantic exports only 514O95. against
yCnd all precedent i'm October and Novem-
bcr. 26,600,OC0 bushels. against 20. 10000 last
year and the country is selling at ruinOus
prices, because producers find it necessary
TO realize. Corn has declined Sac with
western receipts 3,7H,2l4 bushels, against
z 5.5l5 last year while exports declined 10
400, against 2S3,S2b last year. Pork prod
ucts have been somewhat active and lower
pork zoe down and lard &c. Wheat is &C
low than year ago; corn. l5c: pork,
$50 per brl; lard. 2.60c; hogs, s110 and cot
ton &c. After falling sc, cotton recov-
cred shade on an estimate that the crop
VIII De only 6,60O,WO bales, which is less
man me yleld or last year
AS receipts from plantations are already
greater than year ago, and continue
greater week by week. the estimate may be
received with caution. The failure of the
crane Iron Company, last week, with some
other smaller failures, outweighed in in
1fuence the resumption of work by a few
iron works, and has increased depression
at the East. BesSemer iron is shipped 10
Philadelphia from Pittsburg. where ii sells
AZ SlO.to ana grey norge sells for 1875 at
Mahoning Valley furnaces, but even in that
,, region the manufacture keeps only S.425
| OF the Connellsville coke ovens at work
while 9,OSS are Idle. The reduction in price
| OF bleached cottons, last week. and of lead
| ing wide sheetingS, this week has been
less effective in stimulating trade than was
| expected. and print cloths are selling at &C.
Wooden manufacture has started three
more mills, but six have stopped, one en-
ploying 1000 hands. and others are reported
about to stop when stocks on hand are
worked up; The sales of wool at the three
chief markets were only 100000 pounds
| for the week. against 1851. 400 last year
Throughout the West the trade is com
| pletely paralyzed. The shoe manufacture
| does somewhat better, though shipments
| from Boston show decrease of "a per cent
Tor the week, and many factories are work
ing on orders now nearly exhausted while
rev new orders come in, and sales from
stocks are comparatively rare, which is
| most unusual when stocks in dealers hands
| are small. The closing of the St. Nicholas
| no excitement. Foreign trade still shrinks
exports for three weeks having been 10 per
cent. less than last year and imports at
New York 20 per cent. less. The DELAYED
| treasury report in favor of coming silver
bullion on hand substitution of other issues
Tor government paper currency, issues of
bonds and tax on incomes derived from
corporations attracts not much attention
but Notwithstanding the abundance of
money the market Is rather less confident
| In feeling. 1t is believed however that the
usual pinch about Jan. 1 will not occur.
Failures for the week were 3A in the
| United States. against 2S3 last year, and
thirtyseven in Canada, against eighteen
last year. The liabilities in failures report
| ed last week appear to have exceeded &c.
220.5S1, including s., 395, $50 for manufactures
and S2,OS9.919 for trading concerns, against
$5,459, 400 for the previous week