The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-02-14

ureS IN general mercndndlSe lines die
conspicuous in the reaction on the raw
wool market following the squirt given
sales Of that staple particularly at Bos-
ton. in the preceding two weeks, when
the quantity sold exceeded 100000
pounds. and in the appearance of I'M
seasonable weather south and west, and
reports from Baltimore that general
trade for February opens disappoint-
ingly. results being smaller than ex-
pected.
There are forty odd assumptions of I'M
portant Industrial establishments this
week contrasted with announcements. Of
tho shutting down of only six similar
concerns. An easier wool market at
home. emphasized by a weaker market
at London, may be contrasted with the
fair jobbing movement in general dry
goods amongst leading houses at eastern
centers. which report the volume of
trade for January fair. Notwithstanding
sales were in small lots. a favorable
surprise is ia the results of the public
sale of home and foreign silks at New
York, the prices paid-instead of result
ing I'm loss, as Notwithstanding
fair margin Of profit and pointing out
the willingness of dealers to replenish
stocks in advance of immediate demands.
There is d. gain also in the movement
Of mems wear in woOicns from eastern
centers. and the increased demand for
steel billets at PittSburg and Chicago is
such that prices are nearly, if not, quite
81 ton higher. and more than 10000
tons Of steel have been contracted for.
The demand for rods. wire and nails
has increased as we'll and some mills
have refused further orders at current
prices. Sales OF southern pig iron have
been increased at the West. Exports Of
wheat from both coasts flour included
amounted to 2,67S.0O0 bushels, "A moderate
gain over last week, when the total was
2.0S3,0OO bushels, but a much smaller to-
tai than one year or two years ago.
when the aggregates We're respectively
3,93l.000 and 3,6410 900 bushels.
During the first five weeks OF the
calendar year 1892 total stocks of avail
able wheat here and in Canada, east of
the Rockies, declined about . 700. 900
bushels net. In a like portion OF 1893
they increased net about 1,700.0 900 BUSH
els, but this year there is a net decrease
of more than 100000 bushels. \ good
deal of eastern money has been sent
West. its use being noticeable at Omaha
and Duluth.
The volume Of trade Is fair at Glove
land. tut sales arc in small lots. At Gin
cinnati there is no change, except the
manufacturers report more life III IN
quiries There IS a slight increase in
business, Louisville particularly in leaf
tobacco, sales Of which are satisfactory
and prices higher.
Shipments of dry goods arc more con-
EpiCuOus from ChiCag GO. although sales OF
hardware have improved. There is a
better feeling At 81. Louis. based in part
ON improved conditions and better de-
lnand ,1r iron. steel and ether. \
fairly active trade is reported from Kan
fifV nv Etofh fpof1ar- me- nil
which is true of wholesale dealers i'm
groceries and provisions At Omaha. Bus
mess generally is quiet at Milwaukee. al
though a slight Improvement IS reported
at the banks. St Paul reports better
trade than for weeks previous. jobbers
being fairly busy and the average size
Of orders larger. \ slight but perceptl-
bic Improvement is also noted at Duluth,
where factories are enlaTging outputs
Portland. Orc. reports business dull. but
collections improving. SAN Francisco re-
ports bags higher owing to the outlook
for a large crop Of wheat. Toronto re-
ports only limited volume of business
with iron prices irregular and hog pro-
Dun's view.
r c. Dun e Co.'S weekly review Of
trade will say: improvements in bust
ness still appears in many directions. but
It seems TO BIO in part balanced by loss
III VtAiFAE lit ~ dtAAdi hidA v NTH bt-
gan some time agso and was strengthened
a little by the success of the treasury
loan has scarcely answered expectations.
Reports Of resumption % work continue
70 indicate that the industries are doing
more than in December and Yet the roc
ord Of their actual gain is Disappointing
~ small
Crop reports We're expected to cause
great advance in wheat, but the
4
lowest point ever known in this market.
and at Chicago MAY wheat has gone
lower than ever. Receipts have been
larger at the Vest 800, 5l7 bushels.
against 2,lStGS1o Tor the same week last
year-Whlle Atlantic exports are not a
third of last years. Stocks in sight
diminish little and are so great THAI
bankers. = fter their trying experience
last spring. are not in haste to carry
them for ssDecuiatOr The fall for the
week was about . cents with sales of
5000. 900 bushels in one day and II 900 OoO
for the week. Sales of corn were small
and the price declined less than "a cent
though western receipts were Ala. 266
bushels against 255S,2i4 last year. Hog
products and coffee were substantially
unchanged. Cotton rose 1-1G in spite of
q visible stock exceeding half the worlds
consumption for a year, and a decrease
OF 20 per cent compared with last year
in the takings of northern spinners.
Speculative forces on either side.
rather than the facts OF supply and de-
rnand. govern the markets. The domes-
tic trade does not ma teTially increase,
exchanges indicating a decline compared
with las year Of 49, per cent elsewhere
and 14.9 per cent. at New York
The annual production of pig iron Feb.
] was 1922 tons weekly, against 81 OS7
tons Jan !. and III POI a year ago.
Textile manufactures are gaining lit
tie. Inquiry disclOses larger stocks OF
cotton goods held by dealers than was
supposed, and quite a large proportion
Of mills likely 10 close before long un-
less orders increase, but the number re-
ported starting is again several times
the number reported closing Sales of
wool were decidedly larger last week
5,776.040 pounds, against $3.50 $50 last
year. and the markets We're all more
active, but this week are comparatively
quiet.
Foreign trade does not improve, domes-
tic exports at last falling below those of
the corresponding week last year. though