The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-01-21
DUN&CO.'S WEEKLY REVIEW
Confined Observation-Disclosures Retards
Business All0yer the Country.
While Money at Nest Markets Is Compare
lively Easier, There Is Suspicious Com.
plant About Poor Collections.

NEW YORK Jan. Or. G. Dun & Co.'s
weekly review of trade says: Severe
weather appears to account In part for
somewhat general shrinkage IN business,
in many branches checking purchases. and
in others output or deliveries. There is q
somewhat general increase in complaints
about collections. although money at
nearly all markets is comparatively easy
and in supply adequate for legitimate de-
mands. At Boston the dry goods trade IS
excellent. Western stocks being low. Cot
tons are sold far ahead. the demand ex-
ceeding the supply and WOODEN mills are
fully employed with the best prospects.
Trade In boots and shoes is very satisfactory.
leather is active and firm, the rubber " orks
are full and sales of wool unusually large.
5.233. 600 pounds. with prices tending up
ward. At Philadelphia iron is In better
demand. At Pittsburg the weather affects
coal deliveries and some mills are working
part time. but iron is weaker. Trade at
Cleveland is good for the season. with
large demand for rolled products, though
these and pig are weak In price. AT Gin
ciDEatl the carriage trade opens better
than last year. At Detroit free orders for
spring goods are seen, but at Indianapolis
the weather checks trade. Chicago reports
general clearing up of winter goods and
liberal purchases for the spring, with
heavy retail trade. Returns of currency
from the West are very slow, bnt
money is in fair supply. East bound
shipments fall OFT quarter. Receipts show
decrease for the week In the moro impOr-
tant items. excepting large increase IN
wheat Milwaukee reports similar condi-
tions. At Minneapolis and st. Paul job
bling trade is good. but collections are slow.
At Omaha business is better than last year
and collections good. At ST. Joseph trade
IS good and collections satisfactory. At
st. Louis trade 10 strong and collections
fairly prompt. Trade is very good at Kan
sas City, except In produce. Collections
are rather close but live stock receipts are
fair, but at Salt Lake very light Bush
ness IS good at Nashville, but affected by
the weather at Knoxville and Atlanta. and
only fair at New Orleans, though sugar is
very strong and receipts of rloe are large.
Concessions ut the West make iron more
active. while Eastern holders are stu b born.
and unexampled competition causes very
low prices for finished products. Stocks of
pig are not increasing. and there Is large
inquiry at Pittsburg, but sharp competition
forces down prices of plate, structural and
sheet-irOn. though the business In sight Is
large. 1t is rumOreG that 5000 tons of
rails have been sold at the East, but steel
beams are lower at &C per pound. Ship.
ments and tho mining of coal are affected
by the weather. and the scarcity is severely
felt at some points chances of legislative
interference with the combination having
affected purchases for the future. Textile
mills are fully employed, but paraffine
rubber sells at 72l9c, with scarcity
of stocks. Wheat is Nc weaker.
with large receipts and small
exports. and it is still note worthy that the
Western deliveries are inconsistent with
the reports of the last crop. Corn Is lc and
oats lac higher. Cotton fell lsc but recov-
cred q shade, with large sales anti-option
reports affecting the trade more than any
change in actual supplies. Pork products
are somewhat stronger; coffee advances
with large sales. and scarcity of eggs
causes high prices here and at Boston.
The stock market has been strong, espe-
cially in Manhattan. Western Union and
some of the induetrIals showed an advance
of nearly So per share for the week, yet it
is felt that the failure to secure
state act may have unfavorable
influence. Money has fallen to 212 per cent.
on call. with large receipts from the inter
Tor. while European necessities and foreign
sales of stock have caused further exports
of gold. no less than 81, 900 being report
ed as ordered for shipment this week.
While bankers feel that such outgoes may
cause trouble later. they occasion no pres
emit disturbance. Indeed. the confidence
parts OF the county remarkably strong and
taken in pending measures in Congress.
The business failures occurring through.
out the country during he last seven days
numbered 332, as compared with totals OF
$40 last week. For the corresponding week
OF last year the figures were 32S.