The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-23
BUSINESS is HALTING
LOWER PRICES ED FOR PROD
UCTS OF Ill DESCRIPTIONS.
Dun a. Co. and Bradstreet Point out
the Weak Points i'm Trade
Conditions.

NEW YORK, Nov. 22-R. c.. Dun &
Co.'S weekly review of trade. which issues
Tomorrow, will say: Reaction I'm business
there is none. Efforts to explain it or
to attribute IL TO this or that temporary
influence are all wasted. In every bust
ness men now perceive the fact that the
purchases in advance of current distribu-
ton. which were made when prices were
booming, involved of necessity a season of
hating when the rise stopped and until
the actual demand for consumption has
been measured. Products are lower with
out disturbance or sign of panic. The more
sober estimates of wheat, months ago, rose
100000 bushels or more above the govern
ment and speculative guesses and now a.
reputable estimate of 4I5, OO0,0 600 bushels ex-
cites little remark. Western receipts. 3D.
as H bushels in three weeks, against r.
3l4.674 bushels last year. are SO persistent
that prices have again declined about 1
cent and Atlantic exports flour included)
are slightly less than a year ago
for three weeks, 1868, 7i5 bushels, against
4.Si9, pa bushels last year. Corn declines Iac
further. Pork products Also have reason
for weakening, lard, 15c per 100 pounds, and
pork. Ec per barrel.
The cotton market has been assisted all
the week Dy Snlall leCe1prS ana remark
ably stiff statements of scarcity, but has
gained a sixteenth though some think short
receipts were deliberately organized by
plans. 1t begins TO be a decisive fact
that exports are small. partly because
stocks abroad are heavy and partly because
the manufactures abroad does not find a
market for the usual quantity. of goods. the
British being especially embarrassed. In
this country the cotton manufacturer has
Jared better than most of others, escap-
lnO or awaaa0fxrA efGn and tho arIff "A -
cline. While some prices were marked too
high. when cotton was above Q cents. and
are lower most goods are held at quoted
TO cover work into next year. but 1t is
becoming a question whether retail distri-
button has kept pace with manufacturers
orders or with sales to retailers. The OPEN
ing OF clay worsteds by two leading mills
at advanced prices has not yet been fol-
lowed by others and 1t is doubted whether
foreign prices after London wool sales
next week would be helpful.
Iron and steel products are lower. aver
aging ] per cent. for the week and I per
cent. from the highest.
Bessemer, anthracite No. / and bar are
quoted lower. while sales below quotations
orders. most works having little ahead and
new business IL remarkably small. Struc-
tural work IL cut down by the strike of
house workers here and quite a number of
mills, principally bar. have stopped with
I'm a few days. The associations rea firm
prices. but do not sell enough to keep
WORKS pussy. Inc uemdnu LOT cheap DOOtS
and shoes Is a shade better. but many
shops are idle or working part time and
buyers generally hold of, although consid-
cradle reductions are now offered by man
ufacturers on mems split shoes. and on
grain. oil. glove and buff polish and
polka shoes. shipments for the month are
PIT per cent. less than last year. Leather
il weaker, though only one class is quoted
lower. but hides at Chicago have again
declined about , per cent. and average rel
atively lower now than leather or shoes.
Failures for the week have been so in
the United States. against 32 last year,
and forty-two in Canada, against thirty
one last year. -