The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-03-21

NEW YORK. March 16-Rradstreet's
review of the state of trade tomorrow
will say:
The unusual prolongation of mild
spring-like weather during the early por-
| ton of March has greatly stimulated con-
1 sumptive demand in almost all staple
lines. Confederation Of this is found in
/ almost unanimous reports Of increased
rates from six Of the larger distributing
points in the New England and middle
/ states, where general trade has hereto
fore been reported barely steady. At
| Pittsburg and Chicago and other iron
| centers competition has further reduced
/ prices for shaped as well as raw iron and
! steel.
| Chicago reports a continuance Of last
weeks very favorable statement regard
i ing trade, this week having been the
! best thus far in the season. with many
| buyers in the city and some dry goods
! houses working nights 10 keep up with
/ orders. Dealers in clothing. millinery
| and shoes report a heavier demand. al
tnough there Is an improvement IN re-
! quest for light hardware as well. SINH
| lar adVices are received from ST. Louis
] jobbers of dry goods. millinery. hats,
! shoes and textiles, and at Kansas City.
| although sales of paints. oils and build
!
is p per cent smaller than a year ago.
London wool sales are TO close today
/ and takings for the United States are
| considerable. The stimulated demand
| for wholesale dry goods results in an
| over sale Of ginghams and prices are &C
| higher, although il has taken conces-
! sions on some cotton goods 10 move
| them. Prices of leading staples at the
| close Of this week and last indicate SIM
! liar irregularity, wheat being 1c lower,
| pork and lard each 25c less and cotton
/ Is OF sc. Indian corn advanced &C,
| oats lie and coffee &c, while the price
| Of sugar is unchanged I'm eastern mar
| kets.
If to the government report Of ia
! 100000 bushels Of wheat in farmers
| hands March ! be added 100000 bush
els Of wheat out of farmers hands. the
| resulting 231 600 900 bushels will supply
| food and seed for four months TO come.
a reserve on Judy ! next Of 100000
| bushels. and. if required, 100000 bush
| els a month for export which is more
| than will be demanded. Exports Of
| wheat, -four included. both coasts Of the
| United States and Canada this week
| equal 3,25S000 bushels against 2.S51, 900
| bushels last week 2.SSS,000 bushels in the
week a year ago, 3,S1S,OOO bushels in the
| week in 1892 and as compared with 2,733,-
! 600 in the week in 1891"
| Weekly Trade Review.
!
says:
Prices of commodities are this week
the lowest of which there is any record,
having declined IL in March and aver
aging 11.S lower than year ago. so that
more than a third of the decrease i'm
| volume of all payments is due 10 decline
in prices Of things consumed.
I six more iron furnaces have gone
| into blast this month, in part because
| prices of finished products are a shade
| lower and further contracts have thus
| been secured. Pittsburg gets the lions
/ share and has most of its works in Oper-
| alton. cheaper freights having helped
! this week, with lower wages and coke,
/ and contracts for Mesa ba ore at s.. 20.
! The Illinois steel works are about 10
\ resume in part having secured orders
| for rails, but at the East rails are mac
| tive and deliveries everywhere are the
! lowest for many years. CheapnesS Of
| material and labor stimulates the cree
! ton of many buildings, both East and
| West.
In women's dress goods, it is judged
from sales of wool the business is
| about three-fourths of the usual magni-
| tude, serges being i'm better demand.
! But in mems goods not more than
| quarter of the usual orders FOR fall trade
| have yet been received. The demand is
! so large that sales of wool again eX
| coed last years 4435700 pounds for the
/ week, against 3,94S.200, and for the
! month thus far the increase has been
! about 1900. 900 pounds. though in Febru-
! al-y the decrease was p 3 per cent Cot
| tons are generally steady, though good
results have followed a small advance in
| Lancaster ginghams. and further con-
| cessions in brown goods are refused. But
| stocks Of print cloths are the largest in
! March since 1885.
| Railroads Make n Better Showing.
'The volume of business represented by
| all clearings this week is 3I2 per cent
| less than a year ago and at all cities
| outside Of New York PA per cent. less,
against IA per cent. last week. Rail
road earnings make a better comparison.
| falling hut 100 per cent. below last
years for the first week OF March.
! against 1871 per cent. IN February. but
| the gain is in part because trunk lines
! have cut rates and secured, for the first
| week in A long time. larger east-bound
| movement than was recorded a year
| ago. The west-bound movement is also
| larger in dry goods and groceries.
Speculation in products is somewhat
! tame. though pork and lard have de-
| clined sharply. while corn is held steadi-
| ly with receipts 40 per cent. larger than
! a year ago. Wheat has been depressed
| by the department report that 100000
| bushels remained in farmers hands
| March ]. indicating very great mistake
| in estimates of Yields or else a heavy
/ decrease in consumption. Cotton has
declined shade and estimates of the
| crop are about 100000 bales in place Of
| $500 600 reported not long ago.
Failures for the first week Of March
were few, with liabilities thus far re-
ported of only S2.092.33S of which SS16.-
| 2S4 were of manufacturing and S1,161.2
| of trading concerns.
Owing to large deferred statements.
received too late for use last week. the
| aggregate of liabilities for February has
! been raised to Sl7S95670. The number
of failures this week is 264 ia the United
states against 100 last year and fifty
five in Canada against thirty last year.
The absence of important embarrass-
! ments is still most encouraging"