The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-14
EVILDAYS HAVE GONE
AND PROSPERITY is AGAIN EMBRAC-
ING THE WHOLE COUNTRY.
Merchants and Manufacturers Now
Busy and Farmers ReapinE a
KIOndike-Lfke Harvest.
EXPORTS OF WHEAT HEAVY
4,46O,519 BUSHELS LAST WEEK.
AGAINST 2,635, ,OOo A YEAR AGO.
Enormous Increase in Bank Clear
ings, the Gain at Indianapolis over
Enormous Increase in Bank Clear
ings, the Gain at Indianapolis over
1896 Being 49,! Per Cent.
INDIANA'S GREAT TRIUMPH
RAPID GROWTH OF THE TIN-PLATE
INDUSTRY IN THE GAS BELT.
Giant Strides Since Mckinley Opened
the First Mill at EIwoOd-For-
eign Markets Invaded,

NEW YORK, Aug. 13.-Bradstreet's to-
morrow will say: Evidences of widespread
revival in demand for merchandise and
ctker prducts have become so numerous
as to compel general recognition. The press
has, therefore. ceased discussing whether
trade has really improved or not, and have
begun measuring the volume of business
compared with preceding years A buoyan-
cy of feeling has appeared among buyers
and sellers at New York, Baltimore Chi
cago st. Louis and Kansas City, where
interior merchants have thronged this
week, the like of which has not been seen
for several years. Interior merchants are
buying dry goods, clothing, shoes gro
ceries and fancy articles far more freely
than at any time since 1882. Crop condi-
tions have improved at the South and
Southwest, and merchants there are en-
couraged. Southern lumber mills are not
able to keep up with orders and innumera-
BILE small consumers of iron and steel
throughout Central Western States are
buying raw material as they have not for
years.
A nominal advance of Is cents a ton for
steel billets is more than a feature. as it
means the confidence of makers in an early
which has been so long delayed Wheat
scored an advance of cents on continued
heavy exports and tendency to decrease
estimates of the size of the domestic crop.
Wool is higher on speculative holding and
cotton yarns have advanced again. Hides
and Southern lumber are up, as are wheat
flour Indian corn and oats, and last, but
not least, print cloths, the market for
which has been so long depressed. Prices
for sugar, coffee lard and petroleum re-
main unchanged, while pork is almost the
only important product quoted lower than
last week.
Exports of wheat (1our included as
wheat from both coasts of the United
States and from Montreal this week ag-
gregate AGO. 519 bushels, an increase over
last week of more than 1100, 900 bushels
and compared with shipments in the week
a year ago of 2,635, 900 bushels, 1S240OO bush
els in 1895, of 1878, 900 bushels in 1894 and of
6,129,000 bushels in 1893 The worldwide
character of the demand for our wheat and
flour is illustrated by the export from both
coasts of this country to such far off and
infrequent customers as Rio de Janeiro,
Brazil, Callao. Peru, and Surabaya in the
island of Java, not to mention heavily in
creased shipments to Europe, China and
the East. Total exports of Indian corn
this week aggregated 3,275,652 bushels,
against 1928 600 bushels last week, 1851 900
bushels in the week a year ago, 944, 900 bush
els in 1885, 1866 900 bushels in 1894 and l. 734. 900
bushels in 1893
After a little hesitation at the beginning
of the week the stock market has broad
ened and advanced on an enormous volume
of transactions. Public buying of an ag-
gressiVe kind has absorbed all offerings
and the leading financial and specula tive
interests have evidently lent their aid to
the movement. A feature has been the
attention paid to low-priced and neglected
securities. many stocks of this class ad-
vancing merely in sympathy with the gen
eral movement of prices. The advance in
grain ana confirmation of previous estimate
of Europe's requirements, together with
the drop in exchange and expectations Of
large gold imports. are among the leading
factors in sustaining the decided bullish
sentiments. The street is also influenced
by the increasing returns of railroad earn
ings all over the country, as well as by the
accounts of the volume which railroad earn
irgs are assuming. The movement has not
been without danger of overpurchasing
and the creation Of weak accounts. A mod
crate selling movement on Friday, which
was, however, steadied by the leading bull
interests before it had gone very far was
therefore looked on with some satisfaction
There are PA business failures reported
throughout the United States this week,
compared with PA last week, 25S in the sec
ond week of August. 1896, 1856 in the like
period in 1895, 2S4 in 1894 and 200 in the like
week Of 1898. There are 81 busines failures
reported from the Dominion Of Canada this
week, against Al last week. 35 in the week
a year ago and 20 two years ago.