The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-16
DUN & CO.'S AND BRADsTREET's
WEEKLY REVIEW OF TRADE.
Business Of the Country Still Linger-
ing in the Lap of Depression
Farm Products Too Low.

NEW YORK, Feb. 15.-R. G. Dun &
Co.'S weekly review of trade to be issued to-
morrow win say: Exports of gold and with
drawals from the treasury have been almost
entirely stopped by the contract for pur-
chases of gold from Messrs. Belmont and
Morgan. For the moment business only
waits to know whether sales of American
securities and Withdrawals of gold from the
treasury have been lastingly stopped by
the remarkable increase of confluence. The
two obstacles which block the path just
now are exceeding cheapness of farm prod
ucts and restricted operations in the in
dustries. There has been no gain in prices
of farm products on the whole. Corn is
nominally half cent higher, but with in
significant movement, while wheat also,
with a movement hardly half of last years
is Il of cent lower for the week. Cotton,
with continuing large receipts, remains
changed. Few words tell the old story:
The corn crop is undeniably short, although
probably a much larger supply than official
reports Indicate Wheat and cotton sup
plies are so far above the worlds demands
that extreme low prices natural and
speculation for advances is greatly handi-
capped Restricted purchases by the West
and South naturally result.
The output of pig iron Feb. l was 1877, POI
tons, against l6s, Ala the week of Jan /, but
the stocks remaining unsold 1903 tons,
against 645 ass Jan. /, indicate a decrease of
1871 tons in actual consumption weekly
during the month of January. The severe
storms in February have further curtailed
production. Sales OF steel rails were only
l50 tons in January and the weather has
arrested structural work and retarded de-
liverieS of all kinds. But there appears a
better inquiry for some finished products,
especially in wire, wire rods nails and
barbed wire, the business is encouraging
Pig iron is unchanged In price here and
at the West though Northern sales are
pressed and the demand for bar is about
the same. Lake copper is quoted at 9.75c.
Continued dulness is reported in cottons
and reduction of prices by the Amoskeag
mills causes some hesitation. In the main
the works are well employed, but with ex-
tremely scanty prof1ts and considerable
doubt whether the market will be found for
accommodating stocks of some goods. Trade
in woolens is by no means satisfactory
though of fairly large volume in medium and
low grades, but prices have been generally
reduced and competition with cheap foreign
goods is felt somewhat more. Sales of wool
continue within about sixth of a weeks
normal supply for Eastern mills amounting
to 5,066, 400 pounds, of which 1883, 600 were
domestic. Fine fieeces are not stronger and
sales of Ohio Xxx are quoted at 1612c. Fail
ures for the week were go in the United
States, against 232 last year, and fifty-one in
Canada, against fifty-five last year.
Bradstreets Review.
NEW YORK, Feb. 15.-Bradstreets to-
weather, following the severe storms and
extremely low temperature, have with few
exceptions failed to stimulate orders for sea-
sonable goods or the distributive movement
generally. Prices on the whole have MAIN
tanned a position of relative steadness
Eastern manufacturers of shoes are asking
higher prices in view of late advance in
leather, and spruce lumber for frames has
been marked up about 20 per cent. Live
cattle and hogs are higher, due to the i'm
provement in the Eastern demand and a
decline in receipts al Western centers. The
check in receipts of Indian corn is RESPONSE
bic for the advance in that cereal. and lead
also is higher Prices unchanged for
leather, oats, pork, cotton, iron and steel
but bleached cottons have sold lower at
some points, the lowest on record. Wheat
is also off on additional evidence of heavier
ticipated. Lower quotations have likewise
been made for copper, raw sugar and lard
The only noteworthy gain in volume of
sales OF staple merchandise at larger East
ern centers has been dry goods, aside from
cOttonS, foreign dress woolens being most
popular. Seven New England shoe manu-
featuring centers report 5000 cases shipned
this week against 1900 in the week year
ago.
Exports OF wheat flour included as wheab.
past six business days. will probably be
characterized as disappointing, amounting TO
only 2,572. 600 bu This total while 552 900 bu
larger than in the week before, is rather be-
low the weekly average in previous months
But one year ago the corresponding total
was only zoos, coo blu; two years ago 1t was
3,G0S, 900 bu and In the second week OF Feb
ruary, 1892, it vas 40i2, 900 bu