The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-21
Exports of that Cereal, Including
Flour, 5,21S,OOO Bushels, Against
2,93I 600 Same Week Last Year.
BANK CLEARINGS GINNING
s1,1AO, 100000 LAST WEEK, AN IN
CREASE OF 4O.2 PER CENT.
Many Long Closed Industries Resum-
Iy All Commodities Advancing.

NEW YORK, Aug, 2O-R. G. Dun & Co.,
in their weekly review of trade, will say:
Not for several years have the telegraphic
reports from various cities in all parts of
the country been as encouraging or shown
as uniform Improvement as this week. The
markets are called crazy by some but they
fairly represent the people whose confidence
in the future is strong and increasing.
Nothing appears to check it. RumOrs of
injury to crops are not sufficiently sup
ported to have much influence. The one
temporary hindrance is the strike of BIZ
luminous coal miners, which interferes as
yet little with industries, and seems likely
to terminate within a week. The demand
for money improves, taking from New York
to the interior about half q million more
than was received during the week, and Of
ferings of commercial loans are much
larger. including considerable iron and steel
paper and the course of foreign exchange
is generally interpreted as an indication
that specie imports cannot be long delayed
. The greatest gain has been for agricul-
tural products. Corn has advanced a little
in price, but is moving very largely, so
that the last years surplus may soon be
marketed unless the new crop turns out
better than many now expect Cotton de-
clined Bc, because of an estimate promis-
ing the largest crop ever grown, but the
dry goods market is decidedly improving
and some of the large mills, after a few
weeks Of suspension, have resumed work.
Other farm products are doing well also,
but wheat has advanced about 11asc for the
week on actual transactions, with heavy
purchase for export. The official estimate
of yield is entirely disregarded, except as
an admission that the crop will be larger
than that of last year, and it is commonly
assumed that the yield will be 550, 600 bu
or more, though recent reports Of inquiry
indicating the possibility of a somewhat
smaller outcome have helped the advance
in prices Western receipts for the week
were 3S44544 bu against 3974,775 last year.
and for three weeks, n,340, 267 bu, against
10 697, 1877 last year while Atlantic exports
are about double last years (3,705,287 bu),
against 18GS.347 last year, and FOR three
weeks, 9819,31S, Ggainst 5102,6 661 last year.
-four included fc- both years, 1t is well to
notice that corn exports continue more
than double lat years also, in three
weeks-S, ,516,5A bu, against 4,119,A1 last
year.
The iron and steel industry is pushing
forward in spite Of the still unsettled strike
of the btuninOus coal miners, and the
enormous purchases of ore at Cleveland,
and also of billets at Pittsburg show the
utmost confidence in the future. Many ad-
ditionaI establishments have begun work
during the past week, and while no mate
rial change in prices has occurred, the re-
ports indicate fewer concessions to secure
business, and a much steadier tone. The
demand for finished products has decidedly
improved, especially in plates, sheets and
bars, and in railway supplies, particularly
in car axles. The sales of ore at Cleveland
have amounted in two weeks to 100000 or
500. 600 tons. and the sales of billets reported
at Pittsburg have been in three weeks
about 100000 tons Tin is flrmer, with full
consumption, and there is larger business in
copper. several million pounds having been
taken for export, raising the price of lake
to 11Ac.
The old difficulty remains in the boot and
shoe industry, dealers being unwilling to
buy largely at the prices which manufac-
turers now ask, though during the past
week the only change has been slight
advance on calf boots. The market for
hides at Chicago is again much stronger,
prices having advanced with very narrow
transactions, and buyers holding off in the
belief that prices have reached the top. In
the wooden business a constant Increase ap-
pears in the number of establishments at
work, and the demand for goods has much
increased.
Failures for the week have been 229 in the
United States, against ESQ last Year, and
thirty in Canada. against twenty-seven last
year.