The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-24
BUSINESS MUCH Better.
THE PRESENT SHOWING As COM
PARED WITH LAST YEAR.
Manufacturing Decreases n Little
Domestic Exports GaIning-Iron and
steel Trade SatisfaetorY-Heav To-
bacco CFop-Southern Trade shows
Marked Improvement.

Cotton below cents and wheat below
80 cents. each lower than ever since pres
ens classiflcatiOns were known, export Of
god. instead Of products at such prices in
October are the salient features in bust
ness this week. Distribution Of foods TO
consumers goes on fairly. with gains at
nearly all points in comparison with last
year, but not yet at a rate 10 sustain the
present volume OF manufacturing produc-
ton. 81 thar prices weaken little The
domestic trade reported by railroad earn
ings in October is 94 per cent. less than
last year and 13-4 per cent. less than in
1892. The payments through the principal
Gearing houses for the third week of Oc-
tooer are % per cent. greater than last
year, but 3l.5 per cent. less than in 1892.
Inc daily average for the month Is So
per cent larger than last year but 28 .
smaller than in 1892. With many features
az encourd cement business has not Vet
reached expectations and ii is evident that
recovery the average for October thus far
is cents below the lowest monthly aver
age ever made, which was in September.
and was nearly 10 cents below the lowest
plor 10 this year the October average be
.-S Do cents below that of October, 1891 or
1890. Western receipts are only 400. 39l
bushels for the week against 6,064 1913 last
year. and Atlantic ports 631. OS4 bushels
against Sy3,343 last year, but the controlling
t3ct is that No demand as yet promises
20 clear away the enormous surplus Corn
ucc-lned 12Wlc during the week with re-
celpts not quarter Of last year and eX-
ports not a tenth. Pork products were
small and weaker, with lard 4 cent lower.
Cotton sold at 594 cents on Thursday, and
with Ellison's estimate that the word will
consume S.24S. 600 bales American the
stock Of 100000 bales in sight and the
estimated yield Of over nine million bales
deter buyers.
Domestic exports from this city in two
weeks Of October were Is per cent. less
in value than last year, while the in
crease in value of imports has been a
per cent. Auch Of the decrease in ex-
ports is in price. but N August and
September the quantity of wheat de-
creased over a third. Provisions and
cotton gained, but oil decreased and in
minor products exports in September de-
clined 16 per cent The increase Of ex-
ports exclusive OF sugar was over % per
cent. IN September and in two weeks Of
October, at New York over 43 per cent.
With this heavy increase in purchases,
and a decrease in sales of products
abroad, tha market for foreign exchange
IS IN a position to be quickly affected by
Withdrawals Of capital or apprehension
regarding the future peace Of Europe.
To half a million dollars paid Tuesday it
IS expected that as much will be added
today 1t appears that three trust COM
panies here now hold over $40, 600 idle
money and that eastern mill loans are
being taken from New York by New
England banks. while the northwestern
demand for money is unusually small.
The treasury is again falling backward
in reserve and large imports yield a lit
tie less revenue than last year, while in
ternal revenue for the past three weeks
IS S460O,OOO smaller than year ago.
The iron and steel business makes a
better showing this week, Bessemer pig
having stiffened to $1,000 at Pittsburg,
and at Chicago and New York further
structural and bridge orders have been
placed, but bar iron has fallen to 80
cents for common and 81 for steel at
PIttsourg, which are prices below those
current in Great Britain. There is a
good demand for sheets and some good
4 bridge contracts are reported. The Penn
sylvania railroad reports its material ac-
count so per cent. less than that of last
year up to date.
During the past week the failures have
been 253 in the United States, against
341 last year, and As in Canada, against
% last year.
NEW YORK. Oct. 11-Bradstreets to-
| morrow Will say:
With few exceptions the leading feat
ureS of the business situation this week
! have been those Of continued moderate
! Improvement, although the total volume
| of business. so far as indicated bv bank
clearings throughout the country, will re-
! quire considerable expansion to compare
| favorably with corresponding totals two
years ago. This relatively favorable
/ bank clearing report is Offset in part by
a decline in prices of staples. coffee alone
! scoring a slight advance At Louisville
| tobacco is easier under promise of a large
| crop, and hogs are lower in price al
some of the more important markets
| while leather is quoted lower at western
cities. Competition of northern lumber
manufacturers has forced down prices
| at Chicago, and all except best grades OF
| live cattle at Omaha and Kansas City
| have sold for less than week ago, while
wheat and Indian corn have also SHOWN
! declines. The production of iron and OF
| Bessemer steel continues as heavy as
| heretofore, and quotations have been fur
| Their shaded. Lard is lower in price, and
| the prospect for cessation of textile labor
| difficulties at the East has weakened The
print cloth market. As serious as any
| other decrease is that in cotton, the feat.
ure of trade South this week being a
| check to purchases by interior merchants
] for spring delivery and slow mercantile
| collections, due TO lower prices for cotton
Exports Of wheat flour included as
| wheat, both coasts of the United States
| and Canada, this week amount to 1882.
! 600 bushels against $4,000 bushels last
week. 2,7O9,0OO bushels in the third week
| of October a year ago, 5000 900 bushels
| two years ago and 3,500,000 in the week
| three years ago.
The strength of foreign exchange and
| gold engagements for the week, agcregat-
| ing $1,000, 600, have disturbed the specu-
J lotive stock market and checked activity
| Current decreases in railroad earnings are
| ascribed to the effect Of the heavy worlds
| fair passenger traffic year ago. 4 slaal
/ reduction in the Baltimore &, Ohio divi-
| dend is not considered indicative Of trunk
| line traffic conditions at this time Bonds
are strong, and any demand for prime
| securities causes an advance. TIE for.
| eign exchange market is narrow, both as
| to supply and demand. Sight sterling is
| S4S71a.
Nearly all the more important bushes:
| centers West and Northwest report mod.
| crate activity, but few Of them announc,
| any new features. Chicago advlces ar,
| received of increased mail orders, but few
! er purchases in person, with relatively
| heavier demand for underwear, clothnl
and cloaks and a smaller volume of mon
! ey going to the country. ST. Louis mer
| chants report increased confidence of job
bers dealing there and expectations o
! largely increased stocks of spring good
| throughout the territory tributary. Kan
sas City and Des MOines both report tina
| warmer and unreasonable weather hal
| served to restrict the volume of bushes
| within a few days. but at and near Oma
| Ia the weather has favored general trade
I Conditions prevailing at Cleveland, Gin
I cinnati, Louisville, Detroit, Milwaukee
! and St Paul in preceding weeks are prac
| tically without change. At San Francisc
and Portland Ore, the volume of bust