The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-09
TRADE is UNSETTLED
BUSINESS EXPECTED TO BE AFFECT
ED SOON BY THE ELECTION.
DUN & Co.'s and Bradstreet's Weekly
Review Of the Different Industrial
and Grain Markets. s

NEW YORK, Nov. S.-R. G.. Dun & Co.'S
weekly. review of trade, which issues to-
morrow, will say: 1t has been a broken
week and just before and after elections
in the most important States operations
rarely have much significance. Business
may be largely affected in time, but as yet
there is scarcely any indication what the
effect will be. The controlling power at
present is the effort to readjust prices after
the remarkable rise of last summer in
important materials and products. with the
struggle Of great combinations TO
prevent declines. The purchase of
competing interests now gives the
H. c.. Prick Company ownership of 1855
out of 1884 coke ovens in the Connellsville
region, and practical control of more than
three quarters with an advance in the
price of coke to 81 is expected as the Car
negie company has been buying up supplies
at low prices for months in advance. Yet
the price OF Bessemer pig is lower, s14.75
at Pittsburg, and billets are lower because
there is scarcely any demand for rails at
the combination price; structural contracts
are now few, and the demand for wire and
wire nails has been curtailed by the nail
trusts advance of prices 1.76 per cent. i'm
four months. Large Western and Eastern
orders for cars help the demand for bar,
but finished products are quite generally
sold below quotations, which are now lower
than they were two months ago.. Copper
Is a shade weaker at L.75c for lake, with
slow buying; tin, a fraction lower at 14.55c,
with the visible supply z,675 tons. against
22.7s7 a year ago and lead is a trifie lower
seems ready. to make higher prices.
Many wooden mills are also closing to
f Malf sof eaeeps; f tno seme t dress d eooas an Is
worsteds, and the Washington mills open
clay worsteds at 10 cents advance. But
are still uncertain for manufacturers do
not know yet what they have TO meet. The
reaction from speculative prices Of wool
country holders here reduce sales to $751;
300 pounds for the week. against S.215,0 900
foreign wool here are very large. Cotton
mills do well as the halt and hesitation in
cotton does not stop buying of goods. and
even if cotton is not. The market for
raw cotton is held at S.S1 cents in spite of
a highly respectable estimate of only 6,435,-
600 bales for the year. Even at that. the
supply of 100000 would be more Than
enough, but other are much
. Wheat falls back with great reluctance
from its summer rise of 20 cents, but has
declined nc for the week, Western re-
ceipts being .S,0l9.9l0 bushels, against 1885,
022 blu for the same week last year. The
belief in a crop much smaller than last
years has to resist actual receipts of
STE, 1868 bushels in six weeks, against 1885,
005 blu last year and Atlantic exports have
been only a,Q93, 045 bushels, flour included,
against l~s,Ss1,6ls last year. The reports OF
better. Corn comes forward largely. re-
ceipts being more than double last years.
and nearly a million bushels went abroad.
from Russia and Argentina, and the larger
exports Of corn from this country both tend
TO lessen the future demand for American
wheat.
Failures for the week nave been $50 in
the United States. against PSI last year.
and forty-nine in Canada. against forty
two last year.