The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-28
A GENERAL BOOM.
Legitimate Business Rapidly Gaining
i'm Volume at Higher PRICES

NEW YORK, Aug. 27-R. G. Dun & Co.,
In their weekly review of trade tomorrow
will say: Speculative markets have their
turns of reaction, but business has none
this season, gaining with a steadiness
which all the speculative influences have
works, increase in hands employed. advance
in wages and in prices of products, and the
neavy movement of crops are facts before
which all the spectators influences have
to bow. The weeks dispatches mention
sixteen iron works which have started
against one closing, fifteen wooden mills
started, and so in many other branches
while many more works have Increased
forces, and many are preparing TO resume
and some have increased wages. While
these things cOntinue-with grain rising and
going abroad in enormous quantities-mon-
ey markets have reason TO" abounding con-
fidence and speculative markets for
strength.
Crop prospects are contra 1ictory as usual
at such a time, bug it is noteworthy that
none of them Indicate anything less than
an ample supply of the great staples
Wheat rose over cents last saturday, with
exaggerated reports of INJURY, fell nearly
Sc, advanced 4c and then declined sh3Tply
closing 1c lower for the week. That some
nafm was done TO spring wheat IN three
States appears, but no accounts entitled to
respect indicate damage reducing kc WELD
below $40 0OOO,OO0 3uSnels, which would be
% eco, 900 larger than any other crop except
that of 1891. In spite of great lack of cars
wheat receipts We're 4. .949 .59 bushels for the
week, and for four weeks L, ,5S9, ,6S1 bushels
against 4,SS6y4f last year, and at Atlantic
ports exports. flour included, though some
what checked by higher prices were 356S 1863
bushels for the week, against 2,207, 516 BUSH
els last year, and for four weeks IL, ,3S7, ,6S7
bushels, against I130,177 bushels last year
Receipts of corn bear strong testimony to
the seriousness of foreign needs, being g.
A0,14 bushels for the week. agan<t 2.S13 919
bushels last year. and Atlantic exports in
against 3, 617 no bushels last year. The price
1Isc for the week.
sympathy with other markets rather
than reports of injury, which capable au-
thorities deem not important accounts for
the advance of Rio cent in cotton. But
the mills are res4ming work with a rush
and will require heavy supplies of material
to meet the large demand for goods which
has advanced the prices of many A gener-
al replenishment of stocks by dealers will
wool market also reflects in greater
strength and further advance i'm some
grades, the heavy buying of woolens. which
has set many mills at work night and day
and caused makers Of many grades TO with
draw them entirely from the order market
what more. most Of them hold large stocks
and the trading has been mainly SpeCula-
tive between dealers.
At last demand has far oVertalren ca
paCity of iron works that prices are grow
ing stronger. Bessemer and gray forge are
25c higher at Pittsburg and pig, in Eastern
markets much stronger because rebates
and concessions are stopped. RtlletS are 81
per ton higher; structural angles bars and
plates about as much; rods, Sl.50Q2, and