The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-10-22
Foreign Demand for American Bread
stuns Continues Active Owing to
Political Uncertainties.
GENERAL TRADE ALSO GOOD
BANK CLEARINGS LARGER THAN
EITHER LAST YEAR OR IN 1892.
WOODEN Goods I'm Better Request, and
ing-Prices Generally Strong.

NEW YORK, Oct. 21.-R. G. Dun & Co. s
Weekly Review of Trade will say to-mor-
row: With growing foreign demand for
American products exchange is influenced
mainly by political uncertainty abroad.
While Europe waits for the outcome be-
tween England and France about the upper
Nile the financiers of all European coun-
tries are trying to force upon each other
the burden of providing cash for the enor-
nous demands of the United States. Eng
land has far managed to make France
and Germany send most of the gold, and the
resulting of exchanges between foreign
nations checks for the moment the move
ment of gold this way. Yet these and all
other causes do not so far hinder business
as to prevent an excess over the most pros
porous of previous years. The exchanges
through all clearing houses for the week
have been per cent. larger than last year
and IT per cent. larger than in 1892, but
outside New York for the week transac-
lions were smaller than in 1892.
The outgo of wheat. staggers all prophets
OF disasters, but while the price has adj
vanced 3 cents at the West, the rise would
have been much greater but for the feel
ing that the enormous foreign demand may
not last. Exports, -four included, have been
FOR the past week S,369,5S6 bushels at At
Iantic ports, against 3s576,607 bushels last
year, and 923,27S bushels from Pacific ports,
against 1,295,914 bushels last year, making
for the three weeks 11.9S45SS bushels,
against A. 25 $50 bushels l-c year. With
out doubt many Western farmers are still
holding back their wheat and yet the re-
cepts at the chief Western ports have been
in three weeks $685.. 494 bushels, against 3d.
725 his OF 4 ic sid ifoa, MT
that this heavy demand continues after for
eign crops, officially reported as fairly
large. have been almost everywhere har-
vested. The corn exports continue large
2.634.44l bushels. against 652,377 bushels last
year and 1880 039 bushels for three weeks
against S,9l4t64 bushels last year, and al
thought ii is the bottom point of the year
for corn, prices have risen nearly IL cent
during the week.
While cotton spinners are said to have
tailment of production, there is a better de-
mand for staple goods, and prospect of a
better demand in future. In wooden goods
also there has been marked improvement
during the past week and better sales, with
extensive inquiry. This is reflected in the
larger transactions in the wooden market
sales having amounted for The past week
TO 400 pounds, of which 2.714, 400 pounds
were domestic. making for the past three
weeks 10,oo6, lOO pounds. against 81 ,l62, 100
pounds for the same week last year. 90
10000 pounds for the same week in 1896 and
1881 800 pounds for the same week in 1888
Sales in Boston have been the largest for
nearly two months, but at some concessions
IN price which are not reported in pub
lished quotations. With few orders as yet
for next season the manufacturers are al
together encouraged by the incre Use, and
have reason to believe that the expected
demand has set in But there is yet the fact
that the current demand is largely for low
priced goods
There is much hesitation in the iron and
steel trade, partly because the outcome of
various combinations in Bessemer pig, steel
rails. bars, wire nails and the like cannot
yet be definitely anticipated If general
buying was expected to result from these
movements it has not appeared thus far
The price domestic products has not
declined. The tone is somewhat weaker for
plates, though prices are sustained by ex-
port orders The plate mills have received
orders for $4,000 tons from the government
for ship purposes and the billet mills have a
very encouraging demand.
Failures for the week have been 221 in
the United States. against PA last year and
twenty-four in Canada, against thirty-six
las. year.