The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-10-18

NEW YORK, oct. in. c.. Dun &
Co.'S weekly review says:
THE country has been waiting. While
uncertainty has prevailed, men have not
known what TO do with safety ana so
have done as little as they could. In
dustries cannot always wait, and in
them an arrest Of Improvement gener-
ally means some reaction. Merchants
who have obligations to meet cannot al
ways wait, and for some there has
come misfortune. The spectators and
traders wait because they have no sub
stantial basis for a Judgement The vol
ume Of business transacted Increases
some because the longer people go with
out clothing OF food or other necessaries
the more certain their demand is to re-
vive.
Government crop reports have not
helped speculation because they are not
in harmony with prevailing judgements.
Wheat has weakened 114c. though the
government report would indicate a
yield of 391, 900, 900 bushel, so small as
to warrant higher prices. Western re-
ceipts for the weak have been 6,054,64S
bushels, against 9,361,979 last year,
while Atlantic exports have fallen TO
621S61 bushels, against 1,909123 last
year. Corn has advanced nc, pork
products being unchanged. but either
would be very much stronger if men put
full confidence in official estimates Oil
has risen a cent and coffee is unchanged.
Cotton stands just where it did a week
ago. in spite of report which some
interpreted as conclusive proof of a
yield far below that of last year, but
the enormous stock of old cotton in
sight here and abroad would explain
great hesitation in that market, even
if the official estimates We're fully cred
tied. Cotton goods show a general i'm
provement in tone, though weak in
spots. The demand for wooden goods
is not a third Of the usual magnitude.
and sales of wool at the three chief
markets for the last week We're 2.5OO.452
pounds. against 7O99 900 last year. The
situation is a strange one, which per-
plexes the ablest dealers, and though
in dress goods "A steady demand appears,
the uncertainty as 10 mems goods, knit
goods and carpets is as great as IL
months had not elapsed with eXtraor-
dinarly narrow distribution of products.
Outside Of New York, boot and shoe fac
tories are but poorly employed and east
ern shipments were "a per cent below
last years. but bright spots appear in
women's shoes and in rubber goods.
THE failures for the past week number
394 in the United States, against 1890.
and forty-two in Canada, against TWEEN
ty-six last year. Eighteen failures were
in magnitude exceeding 100000 and
eighty-four were over $1,000 each, but
less than 100000. The aggregate of la
bilities in failures the first week in Oc-
tober was only $S,491.292, though the
number was large. This week the LA
bilities have apparently been increased"
Bradstreefs Report.
Bradstreet's financial review tomorrow
will say:
1.-The abandonment Of the continuous
session in the senate gave the market
on Friday morning a bad shock, fol-
lowed up in the later hours of the day
by the announcement of a receivership
for the Union Pacific. While the adop
ton of the plan Of forcing through the
silver repeal had not aroused any en-
thusiasm or caused active bullish man
ifestations. the general feeling in finan-
cial and speculative circles during the
earlier days of the week had been one
of satisfaction verging into hOpefulneSs.
it was, showed very firm undertone. The
announcement of the failure Of two
banking houses at Providence failed to
affect the market which had previously
| resisted with ease the serious bear move
ment of the first part of the week di-
rected against Louisville & Nashville
and Union Pacific, the latter being due
to further rumors of a receivership.
which We're confirmed before the close
on Friday. All such factors were sub
s-sTr Il
the subsequent action Of the market re-
fleets the intense and controlling inter-
est which the matter exercises"
BTadstreet tomorrow Will say: Con
tinued cheerful advices from number OF
leading southern trade centerS, reports
Of a very large distribution at Chicago
as the outcome of the immense worlds
fair business and an improved demand
at several points west of the Mississippi
as a result of cooler weather are among
the most favorable features revealed by
kilograms to BradStreet'S this week.
Large sales and better prices for cotton
| have encouraged country buying in the
South. and business at New Orleans.
Dallas. Memphis. Atlanta, Richmond and
Mobile has improved. The new Louis
lana sugar crop Will be large. Rice Is
active and higher.
In New England trade does not inn
prove. A hand-to-mouth demand con-
tinues Textile trades generally are quiet.
Iron is weak and lower for structural
sorts At Pittsburg mills are running
only on part time. The coal trade has
improved at Baltimore and Philadelphia
Exports of wheat and -four from both
coasts Of the United States and Canada
this week equal 2.S62, 617 bushels, as COM
pared with 3.1S2.09 last week, 3,625,993
bushels in the same week last year and
4.47S.9S7 in 1891. Visible supply of wheat
in United States and Canada increased
3.47S. 600 bushels last week against an in
crease Of ISIS. 900 bushels the preceding
week. Decreases in Europe and Aus
trian stocks. however, caused the total
worlds wheat stocks to increase only
3.074000 bushels Al Toronto there is a
fair trade in dry goods and groceries.
Grain is depressed. Collections are fairly
satisfactory"
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