The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-27
FARMERS in THE HOLE
NO SIGN OF BETTER PRICES FOR
PRODUCE Is FORTHCOMING.
General Trade Not So Heavy Accord
ing to Dun a Co.'s and Brad
streets Weekly Estimates.

NEW YORK, Oct. 26.-R. G. Dun & Co.'S
weekly review of trade tomorrow will say:
Engrossing political excitement in many of
the States causes a natural slackening in
some kinds of business, but on the whole
business indications are rather more favor
able than they were a week ago. Gold ex-
ports have ceased, quite a number of mills
have gone into operation. and the demand
for products, if not equal to that Of pros
porous years, is better than it has been
most of the time this year. The prices of
farm products do not improve much, and
there are still some strikes TO resist reduc-
ton OF wages, so that the purchasing pow
er of the people cannot have materially in
creased, but there is a more hopeful spirit,
which prompts greater activity. On the
other hand, the record of past tranSac-
tons is somewhat less favorable than of
late. Payments through the principal clear
ing houses throughout the country show a
decrease Of IL per cent. compared with last
year, and a decrease of 21.9 per cent. COM
pared with the same week in 1892, the de-
crease for four weeks being 29.8 per cert.
Cotton has sold at 5.1 cents for rnii-
ding uplands, and the large receipts at such
low prices indicate clearly that the crop
the largest, ever produced. The anticipated
settlement of difficulties at Fall River has
not been realized, and at present a good
many spindles and looms are idle. But
strikes are temporary; a more lasting in
f1uence is the large accumulation of cotton
In the worlds parkets. the stock of Amer
lean In sight now exceeding 100000 bales.
1t is interesting that, in spite of low price
of the principal Southern crop, manufacture
ers and Wholesale dealers report rather
more Improvement in trade with the South
than with any other section.
The wheat market is lower, and nothing
appears to justify any important change.
western receiDtS have haeD 4 S1e 51 huShaIs
against 6,276.623 bushels last year. and At
iantic exports only 1925 bushels. against
without any very clear reason, and ii is
noteworthy that at the same time pork is
20 cents lower; lard 30 cents and hogs 40
cents lower. The contrast indicates how lit
Tie the provision market depends at pres
ent on natural relations of supply and de-
mand.
In iron and steel the West shows weak-
ness, while Eastern markets show more
Encouragement. Nothing of consequence is
doing In rails, the deliveries for the year to
Oct. l being only 10000 tons, much below
ordinary requirements for renewals alone.
IN structural work some moderate contracts
are reported, but bar iron is extremely duIl
and IT Is stated that the low prices reported
last week. 80 cents for iron and 81 for steel.
nave been shaded in some transactions.
mere is a decline in wire, N.9O being quo
ted for galvanized barbed and s22. so for
wire rods The best feature is that the
not Seem c re SEP N dhe output of pig does
are rather less signs of pressure to sell
Il lHdH % II ldIe.
| The demand for wool is not as large as II
mas been, and while prices have scarcely
changed FOR two weeks, sales are hut 4 20a
zoo pounds. against 5.77S. $50 in 1892. and for
1870 in 1892. Prices were put down before
tne new tariff took effect. so thar rssnI,s
pedi iefdis Sales eoo ofP sdme do are : felt mainly in
me failures Of the week were OH In tns
hfty-two in Canada a'" against ms i forty year; and nd
year. A0" last
Bradstreet's Trade Review.
NEW YORK, Oct. 26.-Rradstroo,
morrow. will say: Merchants ;ntarviavsa
in various portions of the country renort
IN some instances. the condition Of b,,s,.
ness as not having realized anticfpations
anu al otner points that the recent bright
OUTLOOK Tor trade is modified. Such advdces
are based, In part, on the practical con-
cusion or fall trade and delays in demand
Tor holiday goods. Dealers in dry goods.
clotnlng, groceries, shoes, hats and a few
other lines have had. relatively. the more
satisfactory volume of business. although.
in many instances fault has been found
with the totals shipped. General trade
continues checked throughout some por-
tons Of the regions supplied by Kansas
City, st. Louis. Omaha, Minneapolis and ST.
taul, due TO u~nseaSonably warm we tner
At the South. low prices for cotton con-
tinue TO affect business unfavorably, many
large merchants being more cautious as TO
granting credits TO interior merchants.
throughout a large portion of the region
between Ohio and the Northwest, interior
looDerS will continue TO carry small stocks
throughout the winter. Eastern dry goods
Jobbers report only low-cost goods nov
ing without any freedom. and the outlook
Tor a settlement of the Fall River strike
less favorable. Domestic ieeces are de-
pressed by freer offerings OF Australian
wool at concessions.
The outlook for a war among the coal
roads is not so bright as late reports indi-
cate, Ii being unlikely that the producing
and carrying companies will enter into an
active antagcnism until the results of an
attempt TO advance prices for November
with unrestricted mining are ascertained.
Reports TO Rradstreet from LIZ national
State and private banks of discount at 12
cities in the United States show total de-
increase OF about $50, 900, COO since Sept. I.
1898, just after the panic. but a gain of
only one-half of I per cent. since Nav /
1894. The reports to Bradstreet's from $50
savings banks at So cities. with deposits ag-
gregating hve-sixths of the grand total of
all savings banks deposits. indicate that
! withdra walls from such institutions, for a
variety OF motives, since Nay 1. 1898, have
aggregated s113. COZ. 900.
Exports of wheat (and -four as wheat)
| from both coasts OF the United States and
Canada. for six business days. ending with
Oct. q, equal 3,S5S,00 bushels, as compared
with 1892 600 bushels last week; with 3.327.-
600 bushels in the like week in October.
1893: 4.07S, 600 bushels in 1892: 1881, 900 bushels
in 1891, and with 2.209. 000 bushels in 1890.