The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-09
NO IMPROVEMENT YET
NEW DIFFICULTIES WITH LABoRING
MEN DEPREsS PRICES.
Adjournment of Congress Taken as "a
Good Sign by Dun 4 Co and Brad
street i'm Their Weekly Reports.

NEW YORK, March S.-R c. Dun &
Co.'S weekly review of trade which issues
tomorrow will say: Congressional adjourn
ment and proof that though the rate of
exchange rises to, or even above the ship
ping point, gold does not so out, have
produced a much better feeling. Prices do
not improve and there is on the whole no
gain, but even some loss in wages Strikes
of 1900 coal miners near Pittsburg and
several thousand building workers here,
besides strikes in ten or twelve textile and
iron establishments, further lessen pur-
chasing power for the time. But there is
anticipation of improved demand for goods
in general and many are nlanufa curing
and buying beyond present needs the
strength of it. Cotton has risen one-quar-
ter from the lowest point on record, though
receipts have been 101.629 bales, against
3d. 452 last year for the week. The rise is
due to the belief that acreage will be
reduced this year, but stocks in sight are
so large as to make a sustained advance
difficult Wheat has risen ss of a cent, be-
cuse of rumored injury to grain in some
States. Receipts for the week are nearly
as large as last year. but in February, A.
SIC, 446 bushels against 7,075,903 last year,
with Atlantic exports 1892 $40 against 81
10000 last year. Stocks in sight enor-
nous and Western accounts make the stock
|
Corn has declined a quarter, though
ceipts are not half last year, with exports
insignificant. Pork. lard and hogs are a
the highest point since July.
Three causes help the iron industry for
strike at the coke works, reports that
Bessemer lake ore viii advance and mod
crate increase in demand for products. Sales
of Bessemer iron to three great Pittsbufg
companies. said to aggregate s.ee0 tons,
protect them against the change in ore.
and the output of coke. over 10000 tons and
shipments larger than ever, seem to pre-
IS on the whole small much Of il due to
new building throughout the country and
some to better orders for sheets and wire
nails while wire rods and plates are in
fair demand but prices have not advanced
Common bar is a shade stronger at Pitts
at Philadelphia, while at Chicago a better
demand is seen in most branches. Copper
cents for lake. and lead is offered more
freely at 81 cents. while American makers
lower than those Of similar imported plates
Strikes to resist the reduction of wages
in several textile works and reductions eff
fected in some others by no means contra
dict the accounts that the mills are re-
ceiving somewhat better orders. Prices
fallen to IA cents below any former record
The rise in cotton helps the goods market
this week. but It is not guaranteed 10 las.
In wooden goods the initial demand for
heavy weights is nearly over. with fairly
good business in some lines bur only mod
crate in others while continued and num-
erouS cancellations in low grade and me-
dunn goods give makers s much embarras S.
pounds almost half foreign, against 5,159,-
800 last year, only quarter foreign Elk
changes through clearing houses are 10 per
cent. larger than last year. but 22.6 per
cent. smaller than in 1893. which, for the
first week of the month shows little gain
Money markets have hardened somewhat
and rather more commercial paper is of
OF failures in February amount to sli. :
5e. 122. against SIT .ssSs7o last year, s3.6rs, 7Sa