The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-19
BUSINESS STILL SLOW
NO GREAT ACTIVITY EXPECTED IN
TIL AFTER THE ELECTION.
Favorable for e. Boom if
Silverism Is Beaten-Dun & Co.'S
and Bradstrcet's Reports.

NEW YORK, Sept. 1S--R. G. Dun & Co.'S
weekly review of trade tomorrow will say:
There is still no distinct Improvement in
business although conditions favor it. Con-
fdence slowly rises, speculative buying of
materials for future continues, imports
of gold do not cease and the Bank of Eng
land has not tried to check them by further
advance in rates, the weight of the de-
mand now falls upon France But an
enormous business is held back until the
future is more clear. Names great ma
jority had no such influence many
ticipated from verdict even less emphatic.
To many minds nothing an Eastern State
can do in a contest represented as sectional
gives sufficient assurance how the Western
and Southern States may decide.
Resumption of work by good part of the
Fall River cotton mills and advances in
some kinds of cotton goods helped to raise
the price of middling uplands to S7sc again,
though realizing sent it down to S15c. The
favorite speculative estimate, which was
about 100000 bales in error a year ago,
alarmed many by naming 100000 bales as
the minimum and 9000 GOO as the maximum
d range wide enough in itself to suggest
doubt, and as this quantity, with the stocks
carried over, is more than the world has
ever consumed.
Wheat has also risen 1850 although West
ern receipts of 6,62S, $50 bushels exceed last
years, and in three weeks have been IT,
Helped by purchases at present low prices,
Atlantic exports were / ,S21, S19 bushels -four
Included, and for three weeks 5796,Sl4
bushels, against 1887. 129 last year. Corn
has scarcely advanced Western receipts
are still as large as a year ago, with ex-
The one industry showing increase of
working force is the cotton manufacture,
restriction of output having secured more
healthy demand for IF
the mills have started or are about to start
though the uncertainty of the cotton mar
ket is embarrassing Prices of staple goods
have advanced so generally that the aver
age OF representative quotations is 81 per
cent. higher than in the first week of
august No such Improvement is seen in
woolens, but the speculative buying of
wool, nearly all at Boston, has raised sales
to l! 1880 pounds for the past three weeks
against 7133,470 last year and 24573 400 in
1892 There has been a fair week in dress
the heavy failure of a PhiladeIphia firm
tends to restrict operations
The iron and steel manufacture is still
waiting for business, with nearly half of it's
producing capacity idle, but hopefulness
and the speculative buying of pig iron sus-
taIns prices Sales, said to amount to %
600 tons. have been made of Alabama iron
for shipment to England. but the home de-
various associations still hold combination
prices, though the demand is remarkabIy-
tons weekly. '0'
Failures for the past week have been 317
IN the United States. against 213 last year
and thirty-two in Canada, against thirty
two last year.
Bradstreet More Optimistic
NEW YORK, Sept. 1S.-Bradstreet's to-
morrow will say: The moderate improve
ment in trade the past few weeks contin-
ues and is emphasized by further specu-
iatiVe purchases of wool, renewed buying
by wool manufacturers the reduction of
surplus stocks of cotton goods increased
demand for seasonable fabrics continued
confidence among manufacturers of iron
and steel that there will be an early re-
vival in demand, and Improvement in re-
quest for staple goods in the South Allan
tic ard gulf States The volume of sales
of general merchandise shows small gain
over last week, and the feeling among
wholesale merchants is one of more conf
dence in comparatively early improve
ment. Unexpectedly large sales of dry
goods are reported from Boston, Chicago
and St Louis with indications they may
continue throughout the month At the
more important Northwestern centers
large sales Of hats. shoes, hardware and
drugs are reported. although the total is
less than in the like portion of last year
Much of the gain at the South is due to
the rapidity with which the cotton crop
is being gathered and marketed. At San
Francisco general business is somewhat
ley. Trade has been stimulated at lead
ing Washington business centers, in which
Willamette Valley (Oregon) wheat raisers
are selling wheat freely ait current quota
lions.
Exports of wheat (fiour included as
wheaD from both coasts of the United
States this week amount to 1866, 900 bush
els. against ), COO bushels last week ard
as compared with 2.53S. 000 bushels in the
same week one year ago 1887 coo bushels
two years ago and 4727G0 in the like
week of 1888. There has been a heavy in
crease in wheat exports from the Pacific
coast this week as compared with last. but
a falling off in shipments from Atlantic
ports
The number of business failures through
out the United States this week is 315
which is seven more than last week. 81
more than in the corresponding week last
year. 81 more than in the like week of
1884 81 fewer than in the corresponding
period of 1893 and not quite twice as many
as in the like period of 1892. The increased
proportion of the number of failures of
concerns with large capitalization contin-
,les noticeable. There are Al business fail
ures reported throughout the Canadian
Dominion this week and Al in the CORE
spending week of a year ago. In the like
period OF 1894 the total was 43 and in 1898
it was AZ.
Pensions for Veterans.