The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-05-06
DUN&CO.'S WEEKLY REVIEW
Business Finds Little or NoEncourage-
ment from the Present Situation.
Imports the Past Month Exceed Exports by
About 1900. 900. and a General Financial
Crisis Seems 10 Be Approaching.

NEW YORK, May 5.-R. @. Dun ~ Co. 8
weekly review says: Had business in Wall
street been unsound or unhealthy the col
lapse OF prices during the past week might
have cansed a panic. Nearly all STOCKS
fell. but the jndustrials were most serious
IL depressed, and while the average de-
cline IN all stocks was about sc per share
for the week. Cordage fell AZ points, sugar
40 and Manhattan 26. Several failures oo-
curred without general disturbance, and
the appointment of receivers Tor the COT
dage company was IN some sense reiiet
Other speculative markets are on the whoie
rather stronger than q week ago. AT near
ly all points the backward season and bad
weather. with slow collections. cause COM
plant. at Pittsbnrg the iron trade Is
st,ll more depressed, but business
in glass is fairly good. lraoe
at Cincinnati is quiet. but cohec-
lions are very slow with money III
active demand. At Cleveland business IS
fair to quiet. and at Detroit the backward
season causes shrinkage OF ~ 10 10 pJI
cent. In orders AT Fort Wayne slow coi-
lections are reported. and at Indianapolis
money is close. Chicago reports shrinklng
trade. Glow collectiorA, money compare
lively tight. "a decrease or 10 per cent III
eastward shipments, bnf increase In real
estate and building. Trade improves at
MiDnea polls and at sc. Paul trade is duiI
and collections slow. At OF. Louis BUSINESS
is active aud collections heavy. Oraih re-
ceipts are large and the river expert traue
unusually heavy. Money is In healtny oe-
mand and country adyices are good AT
most Southern points trade IA Improving
though at Louisville money Is close
The iron trade shows no improvement.
There is pressure to sell from the west
Southern No. Is sold 81 $3.50. Burning
ham and Bessemer have fallen 10 $3.50 at
Pittsburg Bar Is cut again, and structural
iron is slow. Sales of l5.Ooo,OOo pounds lako
copper to American consumers at IL cents
are reported. Coal is dull. The boot and
shoe trade has rarely seen such duliass.
Receipts of cattle at the West are slightly
larger than year ago. w DOL sales at Dos
ton, Philadelphia and New York for tbe
year are 2,j0OOO0 pounds less than last year
to date. Trade in woolens is narrow
waiting and uncertain. Speculative
markets have been rather strong. wheat
has advanced Ic. corn 1tsc and pork 15c per
bri, with scarcely any discernaole rea-
son, though Western reports regarding the
coming crons are unsatisfactory. Oil
dropped nearly 90 per brl. but cotton ls un-
chan ged. though the sales here have been
heavy. Exports from New York were very
small last week. and for the past fonr
weeks have been about Si,WO.OOO below
last years. so that imports for the past
month were probably Sl0.0O0.Oo0 or more
greater than exports. Among the failures
of the week only one IS reported above
600. COO one between 1925. 0GO ana 500. 0OO.
two between 1900 and SI3.DOO ana eigne
between $4,000 and S50000-in all only
fifteen exceeding $4,000. out of 24O In all
the United States and Canada.