The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-21
VOLUME OF BUSINESS AS REPORTED
BY DUN a CO AND BRADsTREETs.
Nearly 400 Establishments Have Re-
sumed Since EIectiOn-Specula-
tive Markets Reacting.

| NEW YORK, Nov. 20.-R. G. Dun & Co.
| weekly review of the trade tomorrow will
! say: The gain in volume of business con-
| tinues entirely without precedent. More
| than 800 establishments have started work
| since the election which were idle and at
least three hundred have increased work
| ing force. making $50 concerns which are
| known to have added largely to the number
| of hands at work, and these only part
| of the whole number. Every day thus adds
| thousands to the number of those who are
| able to buy a weeks supplies. and to make
| up gradually for many months of en-
forced economy. Already this brings great
| increase in the volume of business and the
| clearing house exchanges for the first time
| in several years, not only exceed those of
| last year by 10 per cent, but also exceed
| those of the same week I'm 1892 by 9 per
! cent. Business men are all anxious to pre-
vent anything like the fictitious excitement
| of last summer, and in nearly all branches
an excessive rise in prices is prevented
But with more hands at work there is
! inevitably a greater demand for supplies
materials and products. The speculative
markets have been reacting. which is also
1
| rapidity. so that exports had been checked
| by the higher prices. and realizing started
! a break which made the close 37sc lower
| for the week.
| Cotton has declined from to 1929 in spite
| of the starting of many cotton mills. and
| the controlling fact for the moment is that
| reports of yield smaller than 5000. 900 bales
| are now entirely discredited The quantity
| coming into sight has exceeded last year s
by $4,000 bales. and it is expected that
| the decrease in the remaining months of
| the year will bring the aggregate below
| S500.O0O. The export demand does not abate
although temporarily checked tS while the ne
| s., 400. 900 IN value of cotton exported i'm
| October contributed more than any other
single item 10 make the aggregate exceed
| that of the same month in any previous
| year.
| In 1891 when all Europe was scrambling
| for American wheat. the value of all eX-
| ports in one month. December, was
| about 500 900 larger than last month. but
| in no other month has that record been ex-
| ceeded. and 1t is noteworthy. with the in
crease above named In cotton and increase
| of 81 900 in breadstuffs, and 81 900 in
| provisions and OIL there was still an in
| crease of $S.4OO.O0O in miscellaneous prod
| ucts- In November thus far the gain of
| New York exports has been II per cent
| and for the last week 40 per cent the latest
| week having been the largest on record
! since the second week of October, 1890
| while imports were II per cent. smaller
| than last year for the week and % per cent
| smaller for the month thus far. Under
| these circumstances I'm spite of heavy pay
ments on loans abroad. the movement Of
gold this way would undoubtedly be re-
| sumed IL foreign buying OF American Sc
| curities should set ii.
| In "a transition period. industries record
| gains slowly. but the slight decline I'm prices
| Of Bessen.er pig iron and of finished prod
| ucts of iron and steel is partly due to real
| election and partly to the selling of nails
| by jobbers below the combination price
| For most manufactured products of iron
there Is better demand and slow adj
1
Failures for the week have been 3i4 in the
| United States. against 800 last year. and
] forty in Canada against forty-two last year
Bradstreet's Weekly Review.
NEW YORK Nov. 20.-Bradstreet's to-
morrow will say: Jobbers and other whole
sale dealers In general merchandise do not
| report the anticipated increases in the
| volume of goods distributed this week. The
mild weather had an unfavorable influence
! but the sharp drop in the temperature in
! clines TO stimulate the demand for season.
able fabrics. There are increased pur-
| chases OF holiday goods and the tone of the
] market for staples is one of encouragement
| Relatively the heaviest demand has been
for dry goods and groceries, but even in
| these lines. particularly dry goods. the
volume has been smaller than expected and
| disappointment is result. There has been
| no decrease in the jobbing trade. In fact
| ii Is slightly larger than a week ago. in
| most lines tending TO increase The many
/. Industrial enterprises which have started
up continued a feature of each days news
| bulletin. but there Is reason to believe the
| Significance of these exhibits has been over
| emphasized in some instances. Tendency
| of hides and leather to advance checks or
| ders for shoes and while the dry goods mar
| ket is firm and dealers are hopeful, print
| cloths have weakened on the reaction in the
! price of cotton. The strength of raw wool
| is maintained. and orders at recent quota
| tons have been refused. Iron and steel in
| dustries in some instances have perfected
| pools for the allotment of production and
maintenance of prices: While the latter
| are firm and may go higher. the demand is
temporarily checked. In addition to
changes i'm the prices noted the week is
| marked by reactions i'm quotations for
| wheat. corn and oats. for sugar. turpentine.
! pork. lard. coffee and petroleum Wheat
flour advances, as do several varieties of
lumber iron sheets and tobacco. Com
binations among iron and steel makers are
| expected to advance or maintain recent adj
| vances for nails, bar iron. steel beams rails
| and billets and other form of steel. Total
| export of wheat flour included as whea)
! from both coasts of the United States and
! from Montreal this week amount TO 1851. =
233 bu. against 4.65i.0a0 bu last week. 2.916.-
900 bu in the week one year ago 3.3i2 900
bu in the week two years ago 2.76i 900 bu
| three years ago and as compared with
| 3.465.G00 bu in the corresponding week of
1s92. The weeks exports of Indian corn ag-
| gregate 2.91a.12l bu against 3.1s2.o00 bu last
! week less than 2 100000 bu i'm the week one
year ago. .2O5 OoO bu i'm the corresponding
| week of 1898 and as compared with SOL 600
| bu i'm the like week of 1892.
| There are COS business failures in the
| United States this week. fifty more than
| last week. but fifteen fewer than in the
corresponding week one year ago thirteen
! more than in the like week i'm 1894 and fifty
| less than in the third week of November.
| 1896. There are forty-seven business fail
| ures reported throughout the Canadian do
| minion this week against forty-four last
| week forty-two in the week a year ago
and twenty-four in the week three years
| ago.