The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-10
I'LL TRADE REVIEW
GOOD SIGN IN THE FACT THAT ALL
EXPECT DETER TIMES.
Dun & Co. and Bradstreet Discuss the
Conditions That Have Long De-
pressed business.

NEW YORK, Nov. Or. G.. Dun & Co.'s
weekly review OF trade, which issues to-
morrow, will say: Business has been wait
ing The greater part of the past week, and
elections are expected to give it a sharp
stimulus. Whether men are right or wrong
in expecting better times. the fact that they
expect them tends to make things better.
In the speculative market there was scarce
ly any movement and nothing favorable to
holders. Wheat is 2 cents higher, but with
receipts of only 3,s45.Os2 bushels. against
6,59S, All bushels the same week last year,
there is little encouragement, because
stocks in sight are far beyond all previous
records. Atlantic exports have been only
55e,317 bushels, against 947,563 last year, and
the price has advance " cent, but there
is scarcely any confidence that present
prices, low as they are, will be maintained.
Corn has fallen about 2 cents. notwithstand-
ing the fact that Western receipts were
only about 1,O17, 693 bushels, against 2,i94,647
bushels last year, and Atlantic exports only
2,732 bushels against Co.. 1874 last year, for
statistics have little effect when the sup
ply is believed to be so far short. Cotton
has declined * to % of a cent, which is
again the lowest price ever recorded and
appears to mean a definite decrease in pro-
duction hereafter, as in most of the South
ern States the prices now realized are not
remunerative. For the present the stocks
here and abroad are large enough to Kill
any speculation.
The output of pig iron was larger by 1871
tons on Nov. 1, when it was 1885, $50 tons
weekly, than ii was Oct. /, and larger
than a year ago, but it is still about IL per
cent. below the output last May, before the
great depression began. 1t is noted that
nearly all the furnaces in the region de-
pending on Connellsville coke and lake ore
are now in operation, with an output of
so 0O fms uyaok1v ont nf q .TnqYimnm in
that region of 1900 tons, but Bessemer iron
is rather weaker in Pittsburg, and prices
for finished products of iron and steel have
not improved. Some Of the wire rod mills
have closed for lack of orders. and a few
of the large steel-making concerns have re-
duced hours of work. At the same time
there is a decided Improvement in the tone
the business will now improve.
Scarcely anything is doing in wooden
goods for spring delivery, and the demand
for fall and winter goods has nearly disap-
peared. In general 1t is believed that the
spring orders thus far are not more than
half the usual quantity. The sales of wool
at the three chief markets of the East have
last year, and 8.215 600 in 1892 for the cor
responding week. There is no speculative
buying and manufacturers are purchasing
only for their immediate needs, so that the
prices, though averaging about II cent lower
than a month ago, show no tendency as yet
to improve. The failures during the past
week have been pol in the United States,
ada, against thirty-seven last year. There
have been a few failures of consequence
during the week, but none of extensive in
fuence.