The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-13
YEAR OPENS FAVORABLY
HOLIDAY DIZZINESS NOT so MARKED
AS 1T is USUALLY.
Cereals and Textiles Are the Weakest
Points i'm the Industrial Fabric
Failures and Clearings.

NEW YORK, Jan. 12-R G.. Dun & Co. s
weekly Review of Trade will say in to-mor-
rows issue: The business of the new year
begins well. though there is still much of
the usual hesitation. In branches where
last years business was extraordinary and
prices have risen greatly, some pause is
natural. though nothing indicates decrease
of consuming disposition purchasing
power, but there is continuing rise in wages
to promote increase. Monetary conditions
have grown easier by the return of 100000
from the interior, curing the week, and
further deposits by the treasury and more
liquidation in some speculative stocks have
also helped. Banks report an increase in
their percentage of commercial loans, and
rates were generally more easy after the
decline announced by European banks.
The furnaces in blast Jan. / were produc-
ing weekly 1856 tons of pig iron, against
296,959 Dec. /, but several had stopped
only for the holidays, and others had
started, the output is probably larger
than at either date. 1t exceeds consump-
ton, at least. as the Iron Age shows an in
crease of 9,256 tons in unsold stocks, but
the manufacture apparently consumed
net exports in December. The increase
since 1892 is about APIS, 900 tons, or 46.5 per
cent. Prices change scarcely any, nor is
new business significant.
Textile manufacturers are more fully en-
ployed than for a long time, though scare
ity of water has troubled some cotton
mills. Trading is embarrassed by uncer-
tainty about prices. Wool is not active
nor are spectators manufacturers in
haste to buy at current prices though the
goods market shows some advances for
the next season, with excellent trade thus
far The effect upon the seasons sales cam
not be judged. Cotton goods have been
quiet, and no longer advance in prices, as
the market for the material is uncertain
In tone. The boot and shoe manufacturers
have a similar difficulty, for while ship
ments are heavier than ever before at this
season, In two weeks 1895 cases, against
1914 last year and III, ISL in 1898, as the
rapid distribution to consumers causes most
urgent calls for goods previously ordered,
yet dealers are slow to order more in the
fear that prices will not hold. Cotton
moves so slowly that belief in a very short
crop is constantly strengthened but for
.eign demands are much reduced also On
Jan. 5, only 6,000.031 bales had come into
sight. AGAINST S.Ool :916 last year. but ex-
ports had decreased ], 125, 900 bales and !
ropean stocks were far below last years.
For the present, foreigners are using UP
old stocks instead of buying more, and the
price neSltdteS w neat mas Deen SLOW TO
move also, Atlantic exports in two weeks
having been only 4,376,514 bushels, flour in
cluded, against 9,452 LOG last year, and Pa
cifc, 1,312.993 against 1,524,O51 last year The
prices close a fraction higher. Corn re-
ceipts have also fallen below last years
though the exports in two weeks have been
1881 1888 bushels, against 7199,913 last year.
and prices have advanced about half a
cent.
Failures for the week have been 274 i'm
the United States, against 31S last year:
and twenty-five in Canada, against twenty
four last year.