The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-26
EVENTS SINCE JAN. L HAVE NOT
HELPED GENERAL BUSINESS.
Dun & Co.'s Review of Trade Contains
Gloomy observation-disclosures
Finds Little encouragement.

Dun & Co.'s Review of Trade Contains
Gloomy observation-disclosures
Finds Little ENCOURAGEMENT
NEW YORK, Jan. PR. c.. Dun & Co.'S
weekly review of trade, which issues to-
morrow, will say: Events have not helped
business this week. About 81, $4,000 gold has
been withdrawn from the treasury, mainly
for export, and the gold reserve has been
reduced to about s5S, 100000. Since
Dec. g. the treasury has lost, in thir-
ty-nine working days, about $53,0OO.OOO in
gold and daily increasing distrust is liable
to affect markets unfavorably. Industries
have not yet found sufficient demand for
their products to prevent further decline
in prices and this week the average for all
commodities has again touched the lowest
point ever known. Tae number of hands
employed does not increase and strike has
cut off. for more than a week, about half
the business of Brooklyn, to some extent
affecting trade here. At bottom business
hesitates, but the future is clouded and the
consuming demand has not increased in
January expected In belief that it
would industries had enlarged production
and until it does the excess of producing
capacity constantly tends to depress prices
both in iron and Steel A better demand
appears for bars in Pittsburg, but at Chi
cago they are unexpectedly dull. No trans
actions in rails reported and in general
the demand in finished products is consld-
cred disappointing. The anthracite coal
traffic is again much diSorganlZed. The min
or metals shade stronger, but tin
plates are lower with considerable business.
Heavy sales of wool, 6,567, $50 pounds,
in part, the result of growing confidence
among manufacturers that they will be able
to meet foreign competition, and, in part,
because prices are not thought likely to go
lower SO that some have purchased be-
yond their orders for goods. The market is
broader, about half the sales being of
territory wool, for mixture with Australian.
Carpet mills are conservative, some having
sustained heavy losses last year. Receipts
ing to SELL Openings of additional lines of
mems woolens indicate a general reduction
t or to 10 per cent , on last year but quota
looked for both in domestic and foreign
goods. Duplicate orders for light weights
are not equal to expectations, though for
many works they come too late and are re-
fused.
Wheat has sold at the lowest point ever
known for the May option, and spot has
declined 4c for the week, liquidation of the
immense holdings of the Fair estate being
supply and the pressure of quantities car
ried for speculation in elevators justify ex-
IRENE low. prices. as there is nothing
yet to Indicate material decrease in the
next crop. Receipts, at present, smaller
than a year ago, but since July l have been
119, 100000 bushels. against 1206O0.eO0 bushels
last year. Atlantic exports only S47,756 BUSH
els for the week, do not suffice to support
the market. Corn has declined PIC, though
has brought sharp decline. Cotton barely
escaped the lowest point on record with
receipts from plantations nearly $4,000
bales larger than at the same date when
the crop was 100000 bales and stocks of
American here. and abroad 100000 bales
larger than at the same date that year
Eai1raQ this week have hepp 262 in bo
United States against 430 last year, and
fafty-nine in Canada, against ffty-ffve last
year.
Bradstreet's Trade Review.
NEW YORK, jan. 25.-Bradstreets Re-
view tomorrow will say Special telegraph
ic and mail advices from the more import
ant distributing centers fail to relate any
marked Improvement in the movement of
merchandise and products. and the con-
clusion is forced that the great trade situa-
ton remains as previously characterized
by small volume. low prices, hand-to mouth
sales and the outlook favoring very
sentative trading for some time to come.
Gains in demands have been noteworthy
only at Eastern wooden mills for mems
wear fabrics, among Providence manufac-
turing jewelers., while the dealers in staples
at Augusta, Memphis and New Orleans
and in the West and Northwest at st.
LOUIS, EduSdS City, 0t. raul ana MlnnGd-
polls, only improvement being rather by
contrast with recent dizziness than with the
volume of trade ordinarily transacted at
this season. An exception is in wool sales,
though prices are no higher. Mills report
unexpectedly heavy orders of mems wear
woolens for fall delivery, in spite of foreign
clothiers having placed the bulk
tracts with domestic mills. Transactions
in prices and ginghams are of fair proper
tions the latter having been simulated by
cut in prices. Prices of staple articles sup
port tendency toward improvement, there
being nine showing an advance, ten which
are firm at the range. of a week ago and
five of Importance which are lower Ad-
vanceS in quotations for petroleum, tin and
(prospectively) for iron ore are due to these
products being practically in the control Of
dealers, producers or both. Smaller re-
ceipts of cattle. poultry and potatoes. due
Other advances are for wheat, lard and
turpentine, wool, leather, hides, lumber,
sugar, ros d hogs 6ess1mer pig ana steel
although the Philadelphia iron market
shows signs of weakness. The falling off
in ginghams has been recovered. but de-
clines remain in quotations for pork, cot
ton corn and oats.
Exports of wheat (hour included as wheaD
from both coasts of the United States this
week amount to 2.S40000 bushels; last week
the total was 3.564ooo bushels, somewhat
larger than usual. One year ago the total
was 2.947, 600 bushels: two years ago, 2,53l 600
bushels, and three years ago it was 1861 900
bushels
The dull resistance which prices in the
New York speculative stock market offer
to the heavy gold shipments and rapid
shrinking of the treasury gold reserve
would indicate a belief that when matters
come to a crisis relief is more likely to be
obtained There has been some liquidation
in the stocks of properties subject to re-
organization and on which heavy assess
ments are anticipated. Apart from this
however. the bears still find great difficulty
in dislodging stocks. Some selling in invest
ment securities is reported for European
account.