The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-09
BUSINESS CENTERS STILL DE-
. PRESSED BY OUTGO OF GOLD.
Dun & Co. Show the Average Price Of
Commodities Continues to Fall
Bradstrects Trade Review.

NEW YORK, Feb. S.-R. G. Dun & Co.'S
weekly review of trade, which issues to-day,
will say: For a whole week the confident
expectation of the sale of bonds has kent
BACK exports of gold. Withdrawals from
the treasury amounted to about 81, OOO. 900.
but were mainly for domestic purposes. No
bond bill has passed, or is likely to pass
Congress, and in the two months ending
with Feb. l, the treasury actually lost ss7,-
100000 in gold, of which $40, 400, COO went into
circulation and SIG, 800, coo besides the product
of the mines went abroad. To arrest this
outgo in either direction is a problem which
another issue of bonds may possibly
solve. 1t is hoped that the negotiations with
foreign bankers may secure some improve
ment, though it is clear that sales of Sc
cursties here will have the same effect as
II the bonds were placed in this country
and they may not be stopped by the new
transactions. The condition of industries, if
not definitely better. at least presents some
points of encouragement. No advance in the
prices of manufactured products indicates
q better demand. On the contrary, iron and
steel products have slightly declined for
the week and for the month, and, in COM
narison with prices of October, 1896, are
but 54.l per cent, against 54.S per cent,
Jan. l. During the week the demand has
6een checked by the higher prices at Pitts
tie. while structural products, In spite of
some large contracts, are a shade lower.
Some reductions of wages are reported In
bar iron and the demand for rails does not
increase. There is a little better tone at
Philadelphia and sales of pig are quite
heavy there, while at Chicago things are
brighter; pig iron is in better demand and
1air orders are coming for bar, but struc-
tural orders are delayed by severe weather.
lin has been lifted a shade by speculation
and lead is steady, but copper is slow of
sale and weak at CSC for lake.
In cotton goods there has been a reduc-
qualities are moving fairly at unchanged
prices. The general tone of the market.
however, is not particularly encouraging. A
large auction sale of silks resulted in
market. or September prices. In woolens
the opening of finer grades for the heavy
weight season have brought some increase
m business, but not satisfactory prices.
II, $685. 665 pounds domestic, against II, 921. 500
pounds last year, and IS, 245, $50 in 1898; but of
foreign, 11,038,50 pounds, against 1854. 300
last year and 1861, $50 in 1893. 1t is notice.
able that sales of foreign. wool have not
been materially larger this year without
duties than they were in the same weeks
of 1898 and 1892.
No Improvement in the prices of farm
products has resulted on the somewhat
active speculation during the week, wheat
being only 1ac higher than a week ago,
with Western receipts only 792,931 bushels.
against 2,241, 256 last year, while exports
have been q little smaller. The Western re-
ce.pts. for the month have been SIP. 272
bushels, against 2, 499, 10 last year Receipts
of corn have been small, but prices have
slightly advanced. Prices of cotton are I'M
changed, although the receipts continue IN
usually large for the season.
Failures for the past week have been 2S1
IN the United States, against 3S5 last year.
and ffty-eight in Canada, against sixty last