The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-20
Moderate Improvement in Prices and
Shoes, Hats and Hardware.
MANUFACTURERS VERY BUSY
MANY FORCED TO REFUSE ORDERS
FOR THEIR PRODUCTS.
Heavy Increase in Exports of Wheat
pared with Recent Reports.

NEW YORK. Nov 19-R. G.. Dun & Co.'S
weekly review Of trade will say in it's issue
of tomorrow: All markets and all indus
tries are working towards the period of
Thanksgiving, of stock taking and of holi-
days. Colder weather has done much to ac-
celerate retail trade, so greatly delayed in
many lines by unusually mild and open
weather. The producing force increases on
the whole, and many manufacturers are
unable to take all the orders offered, while
others are committed as far ahead as they
are willing to be. The output in several
great industries is considerably the largest
ever known, and the confidence of great
business next year is unabated. Hesitation
in speculative markets is in part because
an immense capital has been turned from
them to investment in productive enter
prises.
Wheat has advanced a cent during the
week. and small fluctuations have been due
to reports about Argentina rather than to
the heaviest exports ever known. Atlantic
exports, flour included, have been in the
three weeks of November 9799, 1863 bushels,
against 6052, 106 bushels last year, and in the
crop year thus far over S6.0OO,OC0 bushels,
while the Western receipts have been in
three weeks 21,21366O bushels, against A.
796,SSS last year. Corn exports have been
OLA bushels, against g. AL, 66S bushels last
year
Cotton declined to 5.S1 cents, with heavy
receipts, but closed at 5.S7 cents, with better
foreign demand and with frosts, which
have lessened the prospect of heavy
movement later.
Iron products have changed but slightly
in price, with wire nails and rods shade
lower, and, while the consumption of pig
iron is the largest ever known, works in
some branches are receiving orders equal
to their output, while others have orders
SO Tar ahead that they are unable or UNI
willing to take more. There is less activity
In bars at the East but healthy demand
at the West for manufacturing, car building
and other uses, and rails are in larger de-
mand there, while some Eastern works
have recently taken orders for months
ahead. Sheets are active, and competition
reduces the price of tin plates q little fur
Their. Grey, forge is slightly lower. with
Eastern and Chicago prices unchanged,
Notwithstanding the great output, and
stocks are being further reduced. The coke
output was 150,5S7 tons for the week, with
year. Anthracite coal continues weak, with
sales at 81 net, the production in October
having been $4,000 tons Tin is sustained
by large consumption, lead is a little lower,
at 375c, and a break in spelter has reduced
the price at Pittsburg to 4.05c.
The wooden market is embarrassed by the
delay of winter weather, which retards
ders from clothiers, although most works
have enough for some time ahead, and,
while cold weather and active retail trade
would quickly bring a change, prices of
wool are so high that some mills have
stopped part of their looms. Cases are
mentioned of mills which could realize
profit of 100000 to $500 900 by selling the
wool they hold, but can expect none by
manufacturing at current prices. Wool
markets have become stagnant, and sales
are almost wholly to realize speculative
prohts, amounting at the three chief mar
kets to only 4,213,000 pounds for the week
Cotton goods continue weak as raw ma
terial declines, and goods are rather lower.
Failures for the week have been 267 in the
United States, against 1874 last year. and
thirty-two in Canada, against forty last
year.