The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-31
EVERYBODY HOLDING OFF FOR THE
BIG REVIVAL EXPECTED.
Result of Manipulation in the Grain
Market-Weekly Trade Reports of
Dun q Co. and Bradstreet.

NEW YORK. Oct. 30-R G. Dun & Co. S
weekly review tomorrow will say: A mar
ket without anything but politics to rule
1t Is not often seen. Business is almost
abolished until after the election by the
extraordinary pressure for money by the
indisposition of anybody to sell who thinks
a great change for the better is near by
the feeling that it is of no use to
contract or buy when so little time re-
mains before & decision and by tie generai
absorption of business men in political ac-
tivity. The feature of the week has beer
the pressure in the New York money mar
ket, in spite of the heavy arrivals of gold
Quotations of call loans at 100 per cent
or more have no. real meaning except that
with practically four holidays to come IL
succession, there is really 10 market
Wheat has declined sharply, but is Using
again, closing about 12c lower for the week
Heavy realizing Of the spot sales, extreme
monetary pressure in carrying supplies AMI
belief of foreigners that they can get wha;
they want at lower prices soon have ma
terially helped the powerful Chicago infu-
ence which has labored to depress prices
But the evidence of great demand abroad
grows clearer. and while Western receipts
are heavy. 1862, 1927 bushels for the week
against 81. l50964 last year the enormous
milling returns are of especial value. show
ing that foreign orders are preparing ..
great quantity of flour for export. These
returns, not heretofore given elsewhere
will be especially instructive whenever the
market turns on the foreign demand. At
lantic exports for four weeks. flour includ-
ed. have been S.02655S bushels, against
6.253,412 last year Higher prices and ac-
tual famine in parts of India have specu-
lat1Ve bearing, but are really less important
to the American market and the news OF
the decreasing supplies from Russia.
Cotton has held uD remarkably WELL il:
spite of trade estimates that the yielG
will be close to 100000 bales. The TRACE
believes such estimates erroneous and alsc
found too high if with such a crop there
should be good business in this and other
countries. The mills are selling staple
goods somewhat freely and print cloths
a shade higher. but there is neither mucn
selling nor much effort to buy goods Or
other descriptions.
has taken during the past four weeks
Is. 321 100 pounds, against -, 7SS, $50 last year
ard 26,53S. 053 in 1892, although less than hair
the capacity of mills is employed. 1t is
twelve establishments have started durinS
the week in confidence that business will be
slight Improvement in the demand for
light weight woolens. Iron has been bought
largely by spectators. 25.0C0 tons of Bes
semer at PittsburG raising the price to
the price to 5000, and 20 ,000 tons, nearly
all OF Northern iron, at Chicago. Finished
products do not change in quoted prices.
although quotations are less shaded than
of late to secure business and there is IL
strong belief that after week there will
be a marked change. The known orders
deferred until after e:ection would by them
selves suffice to employ the works for
considerable time.
Failures for the week have been go in tin
United states, against 27s last year, and
40 III Canada, against - last year