The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-12
THE TRADE REVIEW
NOTHING FAVORABLE TO INCREASED
BUSINESS DIsCERNIBLE.
Iron Business Almost HopeIessly De-
aged-Railroads and Grain.

NEW YORK, Jan. 1I-R. C. Dun & Co.'S
weekly review of trade which issues to-
morrow will say: Neither the beginning of
the new year nor the failure of the cur ency
bill has brought any material change to
business. The idea that business would sud-
denly take q new start after the holidays
had rather less foundation even than usual,
but the hope of strong revival a little later
is still cherished by many. There has not
been much time for change in the indus
tries but differences observed since the
new year began are not in the direction of
higher prices or larger demand There
are more indications than of late that stocks
of different kinds of goods have been ac-
cumulating in consequence of past increase
in production. The weekly output of pig
iron Jan. !. reckoning in some furnaces only
temporarily out of blast for the holidays or
repairs. was 16S, Ala tons against fs.i62 Dee.
/, showing practically no change. Tut
stocks of unsoid pig increased during the
month about 10000 tons weekly, SO that
actual consumption in the manufacture
seems to have been about 100000 tons
weekly against $4,000 in November. In any
case the industry is doing vastly letter
than a year ago, when she output was Tess
than 100000 tons, but Indications Of a-ctss
Of production over 1emand are .1uld in
further weakness of uric as. Bessen.er pig
sells at s11.S0 at Philadelphia AMI steel ill
let's at ST, grey forge at s9..5 at .ittsphrg,
wire nails at S21a cents and barbed wire
at $1.S5, other prices remaining as before.
about the lowest on record. Low prices; at
PittSburg have checked business at the
West and are attributed by some ID the idea
Of purchasers that the rec ,nt reductions
in wages and cost of ma Eats nllst lie
followed b. still lower prices. i ut the
main fact is that consumption is below eX-
pectations. The cotton man ifaeture Re
ports decreased demani, with the Flint
cloths down to 262, printed staples i.,rch
demoralized and lower; and wide sheetiDgs
generally reduced about ca cents. many
OH record, the weeks trade teing .,uite tn
Sc tisfactory. Trade in woolens hesitates ne
cause of the large Distribution from ware
house under new duties, i.rt little change
appears in prices, and lea ~ oo.efls are
expected to open at about last years QUO a
tions. The demand for dress goods has
been remarkably satisfic cry until wit4ln
two weeks. but has fallen Of Sales .:
we'll, o,sSS, 10 pounds asaiast o.St''5oe two
manufacturers
Speculation in products has been more ae-
tive. Corn has risen 1s cents and though
receipts are but little over on s-hal1 Of last
years, the practical disappearance of the
as much. Little attention is paid to the
government report that the yield was OILY
fer, W heat 4 Sas 81. Ais a b%sh ,as a Was arsate sia as
equally unimportant. As receipts of wheat
have fallen to l ,3o5, 7O4 bushels against 1.s1S.-
5S2 last year. and Atlantic exports Rave be-
come larger than a year ago, the advance of
IA cents in prices is not surprising. Cotton
is SO low that scarcely any reason is needed
for a fractional recovery, but with 7,cra 400
bales already in sight, and he stocks
abroad enormous. there is little to cause
Failures this week are 4a0 in the United
States against 474 last year and ifty-four
in Canada against fifty-seven las- year.
Bradstreet's Review of Trade.
NEW YORK, Jan. u.-Bradstreet's to-
morrow will say: The second week of the
new year brings few reports of an increas-
ing volume of orders for seasonable goods.
Total gross railroad earnings for the cal
endar, year 1894 are the most unfavorable
for manyf years. Earnings Of ia leading
American lines, with 1900 miles of road,
amount to s47S,0oo.OOo IL per cent. less than
in 1893, in which year gross earnings fell
off 81 per cent. from the total in 1892,
when there was a gain in gross railway
earnings Of 5 per cent, as contrasted with
1891. Every group of roads showed re-
duced earnings last year, compared with
1888. The most favorable exhibit is that by
Southern lines, the decrease for which was
only 2 per cent. Gross earnings of Mex
lean railways are in contrast with those
IN the United States, reporting a gain
over 1893 of 5 per cent.
The best available data with respect to
the size of domestic wheat crops in 1898
and 1894, together with supplies in sight
at various dates, quantities planted and
exported (and consumed by animals in
1890. together with Bradstreet's reports
of stocks out of farmers hands. make it
plain that total wheat supplies in the
United States on Jan. /, 1895, were Is, OO0.0O
bushels smaller than one year previously,
and that stocks back of available supplies |
were fully 100000 bushels smaller. Elk |
ports of wheat C1our included as wheat,
both coast of the United States. during !
six business lays ending Jan. 10, teIe- |
graphed exclusively to Bradstreet, amount |
to 1851, 900 bushels, compared with 3,142. 900
bushels last week, 2,409 5000 bushels in the |
second week of January, 1894, 3,3O8, 900 bush |
els in 1888 and with 4,1S3,0 600 bushels in 1892.
of available wheat in the United
Canada, in Europe, out of pro |
ducers' hands, and afloat for Europe from
all exporting countries, together with those
in Australia, furnish a total of 1877, 253, 900
bushels on Jan. 1 this year, a decrease of
40, 600 bushels, compared with Jan. 1, 1894.
an increase Of 1900 bushels, compared