The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-07
BUSINESS NOT BRISK
n. G. DUN & CO.'S AND BRADSTREETS
WEEKLY REVIEW OF TRADE.
Many Dealers Loaded with Stocks Of
Goods Purchased ON an Advancing
Market-Prices Still Declining.

NEW YORK, Dec. 6.-R. G. Dun Co.'S
weekly review of trade, to be issued to-mor-
row. will say: Business is still sluggish,
as if gorged by excessive Indulgence of the
appetite for buying when prices were adj
vancing. In nearly every branch, stocks
not yet distributed to consumers stand in
the way of new orders, and competition of
a producing force largely exceeding the
present demand. puts down prices, the de-
clines retarding purchases yet more. After
the holidays men look for larger demand.
For the present the springs of new bus
mess are running low, but enough is doing
on old orders TO keep most of the works
employed in part and a good proportion
fully. Financial influences have not been
hindered, and rarely has the opening of
session of Congress affected business so
little.
Wheat has advanced about a cent for the
week, though Western receipts have been
70l49i1 bushels, against 3,727,7SS bushels last
year. and Atlantic exports (fiour included)
again exceed last years. .096. against
1,SS,7S7 bushels. The best Western esti-
mates Of the crop have been raised again.
Corn moves from farms less freely than
a year ago, the low prices hindering, but
exports were 1,2sS.774 bushels, against 49,
Sl3 bushels last year.
Cotton has been weak, again declining 14c
for the week, and the January option u
points. The quantity which has come into
sight. 30 per cent less than last year to
date, does not yet indicate a yield 80 or 81
per cent. smaller as many predict, though
the recent movement is very slow. North
ern spinners have taken about third less
than last year. Wool has been slightly
strengthened by the London sales, but the
average of quotations by Coates Brothers
is only tenth of per cent. higher. Sales
continue large. $3.50. 100 pounds for the week,
Of which 60 per cent. was foreign. Manu-
facturers have much machinery idle at pres
ent and orders thus far are not encourage
ing. Dress goods are in less demand and
Atlantic all-wool cashmeres were reduced
10 per cent.
cite No. at S13; plates at 1.5c and bar at
Lie and bessemer pig sl2 at Valley Mills.
with billets at $3.50 The average of ali
quotations is So per cent. below the high
est point in September, but actual sales are
frequently made below quotations The
proposed combination of lake ore producers
has not yet been effected and with the
fall in the price of iron is less probable
There is more pressure to sell Southern pig
here, and some large transactions have
been made Dy concessions, while the small
demand has broken the barbed wire COM
binat:on, and the two nail and the two bar
associations are now in session to consider
their policy. Rails have not changed, while
bessemer pig has dec..ned IS. and billets
S. per ton, and purchase OF 10000 tons
for San Francisco from England is noticed.
with a considerable important ton OF wire
nails at Boston. Copper is weaker at l4c
for lake, with narrow demand. and tin is
Ac weaker. with the visible supply here and
abroad q. 2Sl tons, against -. AS tons year
ago. Anthracite coal is weaker and sold AT
s.. 80 here, against $4.15 according to CIR
cular.
Failures in the United States for the week
have been 324 against 1856 last year. 50 in
Canada, against 40 last year.