The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-26
BETTER TIMES COMING
DISTINCT THOUGH SMALL IMPROVE
MENT NOTICED IN TRADE.
Export Business ami Money Markets
Brighter-weekfy Reports OF Dun
& Co. and Bradstreet.

NEW YORK, Sept. Pr. G. Dun & Co. S
weekly review of trade will say tomorrow:
very moderate and yet distinct improve
ment is seen, longer only in the buying
of materials, which continues and stiffens
prices. but also in orders for products of
some industries in money markets and in
exports of staples. 1t is yet little more
than a step towards better things, but has
already started some important works and
prompted a few considerable contracts.
Continuing arrivals of gold have raised the
treasury reserve also to $l2o 10000,
strengthened the banks and relaxed the
stringency in commercial loans, so that at
about L per cent. lower rates more business
was done than in three previous weeks.
boarding is no longer reported, but some
boards are being unlocked. The movement
of crops continues large, and purchases for
export have advanced prices or prevented
depression. While the gain in working force
is not great, it seems clear that for the
first time in many months there is some
net gain.
An important change is the general adj
vance in produce markets, especially in
wheat. which rose sharply on Thursday
and Friday, closing SIC higher for the
week. with much buying apparently opare tSro on
were supposed to be the chief cause, as Wis
ible supplies in this country increased
largely, but for the first time since July
Western receipts fell below those of the
same week last year. They are still large,
and for the first quarter Of the crop year
thus far have been 52,721,1 58 bushels,
against 40. Ala. 351 bushels last year, gain of
about 30 per cent, and it is conceivaoIe,
but cannot be considered quite probable,
that such receipts have come from a crop
smaller than last years, although prices
in August than last year. and only fall be-
low last years in September because OF
vance now. Atlantic exports, flour included,
were for the week a little more than a
year ago for September 2,00000 bushels
more and 21,so7, 553 bushels since July !.
against IA 12S, 30s last year. If there should
come unusual foreign demand it would
make a great difference with future bust
ness.
Cotton advanced 3Sc week ago. but lost
gone further. but for the resumption Of
work by several important mills. Specula-
tive. buying of wool does not abate, sales
for four weeks having been 24S 400 pounds
against %, 75S, $40 pounds last year and 81
OIL 900 pounds in 1892, but no gain in prices
holders who have maturing notes to meet,
though some have been for export in spite
of decline Of Few per o tb enf wdo n fe ara
resuming. the belated demand for heavy
goods constituting most of the gain visible,
more goods will be wanted when the fu-
ture is more clear.
Finished products of iron meet more in
quiry and the placing of contracts for 10
900 tons of steel for three new battle ships
for one large building here and for several
bridges explain the starting of two
three works, but with such months as have
passed little business is a gain. A sharp
fall of Sc per ton in low phosphorus pig and
a slight rise in grey forge at Pittsburg and
in steel plates are the only changes noted
in prices, but biletS are still held by out
siders at $780, bar steel at $105 and fur
mace coke below S. with an output of only
SOL tons weekly at ConnellsviLe. though
all the combinations maintain their prices
Exports OF $4,000 tons of rails this year at
prices far below those current and 5000
tons pig to England. at sS9S at Manchester,
freight being at least $3.15, indicate unload
ing surplus abroad to avoid weakening
markets here. The plates are slightly low
cred by home competition to 1886. against
$3.50 foreign, and tin is shade weaker, at
Failures for the week have been 315 in the
United States, against 216 last year, and
thirty-nine in Canada, against htty last
year.
Rradstreet's Weekly Review.
NEW YORK, Sept. 25.-Bradstreets re-
port tomorrow will say: In Eastern job
bing circles the feeling is one of increased
confidence. There is more doing in some
STAPLE lines noticeably at the East and at
a few Southern cities. In most other IN
stances purchases continue for immediate
wants only There is little expectation of
a general revival in business prior to cleo
| ton. Throughout the central and SOUTH
west no material change Is reported In gem
| eral trade features. Exceptions are at en-
| cinnau and St. Louis, where demand Tor
| staples is larger. Savannah and Augusta
! report a marked increase in volume of bus
| mess both wholesale and retail with SatlS-
| factory collections. Memphis and Cal
weston report moderate gains in demand
and sales Improvement is shown in var
| ious commercial and industrial lines at
| New York Boston. Providence and Pitts
burg Improved demand for wool continues,
| with an upward tendency in prices. De-
! mand from England remains noticeable.
| but is offset by high rates of freight and
/ scarcity of ocean room There IS a better
| iobbne movement in cotton goods. which
| are higher. Not much more woolen ma
! chinery has been started. The starting up
! of iron mills and furnaces IS conspicuous,
| but makers in some instances seem to be
| anticipating demand. Exports of wheat
| flour included as wheaD from both coasts
of the United States and from Montreal
this week amount to 3.S1S646 bushels tdls-
| patch from Newport News not receiVed),
! as compared with 1855, 900 bushels last
week 3.515 600 bushels in the same week
ago and as contrasted with 1890 900 bushels
! in the corresponding week of 1893.
The total number of business failures
| throughout the United States continues
| large being 81 this week, compared with
! 315 last week 1873 in the fourth week OF
| September 1855: 2M in the like week OF
| 1894 and as contraSted with only 232 in the
| CORRESPONDING week OF 1898, in which week
| there was a heavy falling from the total
| the week before. In the ike week Of 1882,
| a wear of comparative business prosperity.
| compared with sd this week. There are
/ thirty-four business failures reported from
| the Domincn of Canada this week, COM
/ pared with forty-one last week, thlrty-f1ve
/ i'm the week Il year ago, thlrty-one Two
| wears ago and as contraSted with bnlrty-S1A