The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-15
NO SIGN OF 1T YET
BUSINESS NOT a HOWLING SUCCESS
SINCE TARIFF BILL PASSED.
Even Optimistic Dun & Co. Announce
This in the Trade Review-Brad-
streets Weekly Summary.

NEW YORK, Sept. AR. G. Dun's
weekly review OF trade says: Business has
met no setback this week and continues
larger than earlier in August and larger
than a year ago directly after the panic.
The country has now passed nearly three
weeks under the new tariff and all admit
that changes have been of less Importance
as yet than was expected. If in some
branches business has materially increased.
it has gained little or has fallen off in 9TH
ers. Loss in some directions is explained
by crop reports, for the most favorable esti-
mate of experts put the loss of corn at
about 400. 100000 bushels, whereas the gov
ernment report is by some interpreted as
meaning a loss of 1000, 1900 bushels. The
opinion of the trade does not favor the Off
cial estimate and the price has not risen
at all during the week, though receipts
have been very small. exports have prac-
tically ceased. and all realize that the
shrinkage of 400. 600 bushels is serious.
if it proves to be no greater. since it must
affect prices of meats for a year or more.
Pork is unchanged. but lard has risen SOC
per 100 pounds. Nor are official reports
encouraging as to wheat. Western receipts
in two weeks have been IL. 1S4. $50 bushels,
against 10.61tl6l last year, and Atlantic ex-
ports only 2,074,79 100. against 5,l06, $50 last
year. and the price is PC lower. Considera-
BILE injury is officially reported to cotton,
but few expect less than S.5OO,O0 bales.
is 1-16c lower. The great increase in iron
production which was noted as following
the removal of coke difficulties is meas
ured by the capacity of furnaces in blast
Sept. 1. namely, Isl, 113 tons, against 115. 356
at Aug. l. and the unsold stocks also de-
creased 1884 tons during the month. The
output thus rises to 80 per cent. of a full
production, but the consumption may be
less. as the main increase in output was
have since weakened a little; Bessemer iron
to Sl.p at Pittsburg, while grey forge
sells at 1896. Barbed wire is a shade
weaker. but other prices unchanged. Lead
is depressed by foreign offers at 80 cents.
of shoes from Boston in two
weeks have been los. 915 cases. against 10S,-
400 last year, and in low-priced goods the
market has not been as bare for years,
while purchases from stocks or for quick
Stunning demands. Less activity is seen in
Ponsa business having abatea. Ds and
fer purchases because of somewhat general
advances In cotton goods and because Lon
don WOOL sales are expected to make the
have not ceased and stocks of print cloths
shrink rapidly, but some question whether
recent advances in price can be maintained.
with important additions to the present
force. There is still a fair business for
speedy delivery in woolens and for cheaper
grades of spring goods. but scarcely any
thing is done in the finer grades. About
half the usual business in the aggregate has
been done. 1t is estimated, but about three
quarters in the cheaper grades. Sales aof
wool have been S,255, 200 pounds in two
weeks, against 5.647 900 last year and 16, 42S,-
800 in 1892. The markets are easier and less
active. all awaiting the London sale.
Failures in the first week of September
as yet reported show liabilities of only ST.
45o.0IO, of which $i15, 100 were of manufac-
turing and 1881 $50 of trading concerns. The
aggregate of liabilities reported for August
is Slo,69I ,513. This week the failures have
L nHRn III. n III nifn rafnD ~at-. ~
last year. and forty-four in Canada, against
| twenty-Seven last year.