The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-14
THE MARKETS SLOW
NO MATERIAL INCREASE IN DEMAND
RETARDS GENERAL TRADE.
Review of Commercial Conditions Set
Forth I'm Dun & Co.'S md Brad
streets Weekly Reports.

NEW YORK, Dec. 13.-R. G. Dun & Co.'S
weekly review of trade, which issues to-
morrow, will say: 1t has been a very quiet
week, without any disturbance. Prices OF
manufactured products slowly recede from
the high-water mark Of speculation, and no
material increase In demand is now expect
ed until after the holidays, but there is gen.
eral confidence that greater activity will
then appear, and that works which have
stopped a little earlier than usual will again
be called into operation. The government
crop report caused scarcely a ripple of in
terest, though indicating 100000 bales less
OF cotton and a larger acreage than had
been expected of winter wheat. The great
supplies of cotton brought over from pre-
vious years render it unimportant whether
the yield OF 1895 was seven or six million
bales, except as affecting future planting
and the extensive organization OF planters
to keep back their cotton deprives small re-
ceipts of their natural influence. Whether
from that cause or not, receipts have been
recently over 40 per cent. smaller than last
years, but takings of %spinners and exporters
are also smaller. The price rose 3-16c and
closed at $50 cents.
Wheat continues to come forward so rap
idly that past estimates OF yield, whether
official or unofficial. are discredited. West
ern receipts were 6,O34, 4O4 bushels for the
week, against 3,403, Sill last year, while At
lantic exports Qiour included), were but
1,S46, 355 bushels, against 2,357, 218 bushels last
year. AT current prices it seems improbable
that marketing has been out Of proportion
TO yield. and prices for the week show lit
tie change.
Iron furnaces in blast Dec. 1 turned out
216, 7g7 tons weekly, against PIT, BOG Nov. ].
with increase of 5000 tons in stocks I'M
sold: But actual consumption is much
s smaller thar the output at present; and
and grey forge to So. Finished products are
weak, and sell below quotations, though
quoted prices average about one-half of /
per cent. lower for the week. Heavy orders
by the Rockefeller interests for plates and
other material to build vessels for transpor-
tation OF Mesaba ore next year have
strengthened the market somewhat, but the
demand at the East Is very light. and most
OF the works have shortened force consid-
erably. while at Pitssburg structural forms,
Plates. sheets and pipe are in light demand.
and some bar mills in the valley have shut
expected for ore and coke. and it is believed
this will cause ar upward turn i'm iron. Cop
per IS much denoralized, with large sales of
lake at 1912 cents; lead is lower, at 3.27i5c.
and tin lower at 1875 cents, with increasing
visible supply.
Wool has not advanced with London sales,
as was expected. and $3.50. 600 pounds have
been sold. 2,30S. 700 foreign, against 5.47e. 800
in the same week OF 1892, of which 1.4l3.5o0
foreign. the slow market for goods hinder
ing dealing. In mems goods there is little
business as yet, at about last years prices
in low grades. and the largest maker of
clay worSteds has reduced prices to last
has not gained. and print cloths are lower,
at 3s cents, while a few more reductions
are noted in prices of other goods. The
manufacturer has had a highly profitable
season, though dull now.
Failures for the week have been 33s in the
United States. against 349 last year, and
~ I'm Canada ga inst Al locf xaa
Brndstreet's Review of Trade.
NEW YORK, Dec. E.-Bradstreets to-
morrow will say: With the exception of
mild weather in cities in Missouri. Kansas.
Nebraska and Minnesota, cold weather has
stimulated sales OF seasonable merchandise
at nearly all points. but only by contrast
with the preceding weeks. Wholesale trade
Is dull, merchants preferring TO reduce
stocks at the end of the year to make
ready Tor annual inventories. In retail
INES particularly in holiday specialties,
there has been a marked increase in de-
mand. though thus far in some instances
not equal to expectations. Irregularity Is
shown in mercantile collections. general
trade throughout the country being rela-
lively most satisfactory in the central Mis-
sissippi valley Exports OF wheat flour in
claded as wheaD from both coasts of the
United States this week aggregated AS GOO
bu. against s.156.o last week, 5,5s6. 600 in the
week a year ago. 3.2l7, 900 two wears ago
and $4,000 In the corresponding week of
1892.
Exports OF Indian corn amount 10 2.se 600
bu. as compared with 1857 900 last week.
292. 600 in the week one year ago. and I.o27 600
In the corresponding week of 1893. The pres
emit weeks total foreign shipments OF In
dian corn are the largest for any week since
that ending May ?, 1892. and are explained
by our Geographic advices from New Or
leans OF an extraordinarily heavy outward
movement there.