The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-02
LOWEST ON C
MONTH OF JANUARY HAS SHOWN A
PARALYSIS TO BUSINESS.
Dan d Co. Look for Better Prices with
- New Bond Observation-Disclosures
Weekly Review.

NEW YORK, Feb. I-R. G.. Dun G. Co.'S
weekly review of trade, which issues to-
morrow, will say: Things lock better near
the close Of this week. because it is be-
lieved that a new loan will be negotiated.
There was need for relief. since January
closed with the heaviest exports of gold
ever made in any month and the heaviest
Withdrawals of gold from the treasury, s43,-
46S, los, the hope of a new loan being the
one thing which has lifted prices during the
past few days. January leaves behind it
the lowest average of prices for all COM
modities ever known; for cotton, iron and
its products, wool and silver. the lowest
monthly average ever known, and for
wheat a range above the minimum, but yet
declining rapidly toward that point. In
dustrial operations have not materially
diminished, though it has been a disap-
pointing month because the general revival
expected has not come. The continuing
drift of money to New York shows scanty
commercial demand in the interior and no
Improvement appears here in commercial
loans. In short, business is still waiting and
finds reason for hesitation in the condi-
ton of the treasury.
Speculation has not favored producers.
Wheat is 1ac lower. but western receipts
were only 1,22S,M2 bushels, against 1879, PIT
last year, and with exports larger than last
year might have helped prices had not the
visible stocks been SO large. Corn is &c
lower, with receipts about half and ex-
declined a sixteenth and is close to the
lowest point ever touched, with an average
9 Of zao only a. Tsos cents snd for : o5 January. against
last year. TIL movement continues large
and the maximum crop estimates are en-
couraging, but there is not a little hope
that decrease of acreage this wear hy CON.
Neither here nor abroad does the manu-
facture promise nearly the maximum out
put of nsumptio
Silver has been weak and for the month
has made slightly the lowest average ever
known. the output in 1894 being reckoned
by Wells, Fargo & Co. at SOS, I'll, 014, or
10, Oil ounces. The decrease was II per
cent, while the increase in gold was So per
cent.
Iron and steel look less encouraging at
the East and the demand is disappointing.
although prices are not weaker. At Pitts
burg and .--e. West a larger demand ap-
pears, particularly for wire and wire nails,
which do not change In price as yet, while
Bessemer iron is 25 cents higher, billets a
little stronger and grey forge Is cents
lower. The structural demand is good, but
prices are a shade lower, and while the
market for bar has been unusually good,
prices do not lift. Considerable contracts
for cast pipe have been taken, or are pend
ing: put IN the aggregate the new business
Textile manufactures cannot score inn
provement for the week, for though print
cloths have advanced a shade. the demand
for other cotton goods is only moderate and
prices are unusually irregular. The OPEN
ing of mems woolens has continued with
even more general declaration of belief bv
domestic manufacturers that they can suS-
tain themselves in medium grades and in
worsteds, but in the finer grades much hest
tation appears and in the lower grades the
extremely low prices made by foreign deal
ers seem to threaten the manufacturer.
Wool is so low that large sales for posi-
bic futures continue and the total at the
chief markets for four weeks has been
25,157.o65 pounds, against Is, 727, 100 two years
ago.
Failures for the past week have been
34 in the United States. against 40 last
year, and fifty-four in Canada, against fifty
two last year.