The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-16
CONDITION OF TRADE
WEEKLY REVIEWS OF BUSINESS or
Dun q co. AND BRADsTREET.
Some Indications of Improvement i'm
Quoted in General Staples.

NEW YORK, March 15.-R. G. Dun &
Co.'S weekly review of trade which issues
tomorrow will say Substantially all in
dications of the state of business are rather
more favorable, farm products are a little
higher, railroad earnings a shade better
clearing house Exchanges d small per-
centage larger in comparison with two
years ago than in February and most of
the industries show a somewhat better
front, though their gain is not large Money
markets continue disturbed, the operations
OF the syndicate still preventing exports
OF gold, and Withdrawals from the treasury
have of late practically ceased. There is
not much enthusiasm about the situation.
however because the gain is slow and bust
ness is long way from what is considered
only prosperous condition Further. the
gain is in some cases due to obviously tenn
porary causes, and to some causes which do
not make prosperity
The higher price of cotton which has
risen to 6.06c, results from belief that the
acreage this year will be greatly reduced.
Wheat has risen 12c, because the govern
ment reported only 5O00o,O00 bushels in
farmers hands March l, though practically
nobody in the trade thinks the estimate
correct, and the accepted estimates are
about 900 bushels higher. Western re-
ceipts have again risen above and exports
continue far below last years Partial loss
Of the cotton and wheat crop or great
decrease in production would hardly be an
unmixed blessing to the country. Corn has
risen 1c, following wheat; pork $125 per
barrel and hogs loc and lard soc per 100
pounds.
The output of pig iron March / was 156 979
tons, decrease since Feb / Of SAP tons
weekly, and increase of unsold stocks was
$500 tons in February, or 1925 weekly.
Since Jan. | the weekly output has de-
creased u. 435 tons, and the accumulation
of unsold stocks has been 1z5,5l5 tons
Prices af t,7ic cy,
there seems to be no general increase of
demand. This Improvement is observed in
nearly all parts of the industry, particularly
in materials for agricultural implement
works. and at .Pittsburg the demand for
structural iron continues large But for
the great number of new buildings that are
climbing towards the sky all over the coun-
try the condition of the industry would be
much less favorable. Bessemer pig is weak
at Pittsburg. and while the demand for
bar improves, it falls snort of the supply.
sheets are inactive, and also wire rods
At Philadelphia prices are no firrner, nor
is the demand larger, and reports of COM
late buying. Tin is shade stronger, but
copper lower at 9.37c for lake.
In the cotton manufacture there are signs
of Improvement, apparently caused by the
advance in raw cotton. giving greater con-
ffdence that present values for goods will
Cloths has been Checked. and there IS more
buying of other goods In the finer and
fancy WOODEN goods there is moderate
goods are awaiting for recorders, though
some already have. sold enough for the
season If no cancellations come. Sales of
wool were 4ss3,a0o pounds, against 5.45i. zoo
last year. and markets are quiet without
change, though it is easier to sell at quo
tations because prices have advanced
abroad.
Failures for the week have been 2ss in the
United States, against 264 last year, and 81
in Canada, against 90 last year.
Bradstreet,s Weekly Review.
NEW YORK, March 15.-Bradstreet's to-
morrow will say: There are fewer new and
favorable trsle features this week than
unfavorable ones, but in most instances
they outweigh the latter, which point to
continuance of small volume Of business
ana quiet demand. In addition to increased
competition here BY Australian woods, de-
mand for the raw staple has fallen off
and word is received that American dress
goods manufacturers are using considerable
Australian mixed with the American staple
The dry goods trade continues depressed
production being in excess of demand cot
ton goods being moved generally only Mt
concessions. On the other hand prices pre-
sent the longest list of increases within
are the advances in Bessemer pig iron Of
l0lel5c, S-l6c in cotton, Csc in wheat, &c
in Indian corn, lc IN oats. SIS per barrel
in pork SOC in lard and 1-16c in sugar
Higher quotations are also reported for
leather and hides. with demand more active
and the falling off IN stocks of petroleum
is made basis for higher prices for that
staple.
Material improvement in the iron and
steel industries Is indicated by the ad-
vance in Bessener. by higher prices for
manufactured iron at st. Louis, large or
ceipt OF orders for considerable lots of
rails at Chicago. This is significant among
favorable features of the week. but at the
South gains are shown in sales of leaf
tobacco and in demand for naval stores
Among Eastern industries makers of shoes
report the recent advance fully maintained
Quotations are unchanged for wool, tin
iron ore. coke. lumber, coffee, and live
cattle. while concessions in prices are ru-
and are apparent for print cloths. steel bill
let's, copper and eggs.
Exports OF wheat. -four included as wheat
from both coasts this week amount TO D.
79i 600 bushels, compared with 3,212. 900 bush
els last week. :, sos goo bushels in the week
week three years ago.