The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-05
BRADsTREET's REVIEW.
Some Lines of Trade Quiet on Account
of the Pending Election.

NEW YORK, Nov 4-Bradstreets to-
morrow will say: Further quieting down of
new business in iron and steel, the relapse
into dullness, though at steady prices, of
wheat consequent on the withdrawal of the
excited foreign demand and some slight in
crease of quiet in general trade, chiefly at
the South, as result of the approach of
the elections, are all features calling for
special mention this week. Among the
more actively favorable features are the
surprising steadness displayed by most
staple articles and the enlarged distribution
of staple goods at many Western and South
ern markets as the result of improved
weather and removals of guarantees. Con-
firmatory of the quite favorable reports as
to general trade during October are the re-
turns of bank clearings for that month and
scattered reports as to the increased bust
ness doing at many centers in that month
as compared with one year ago. Export
statistics of grain, too, are beginning to
show that an ample basis for the stories of
heavy foreign buying really existed, exports
this week being the heaviest on record.
New business in iron and steel has been
lighter than for weeks past, and some
shading of quotations, particularly steel, is
reported. Export trade however is large
enough supplied with orders to regard this
prediction quiet with something approach
ing equanimity. Important negotiations
touching future prices of steel rails are now
in progress, quotations are entirely with
drawn, and some reports are that an i'm
portant consolidation, or at least control of
prices and output, has been practically
agreed upon.
Wheat has been duller but steady and un-
certainty as to possible foreign political
complications, OffSetting a heavy gain in
movement from producers. The current de-
mand and output of -four has continued to
equal and even exceed all previous let cI6is.
An encouraging feature is the continued
active demand for domestic woods, largely
at Boston, and at price concessions, with
rather more reported doing in cheap makes
of worsted. Cotton has made another new
low record on heavy crop movements,
touching &c for November delivery at New
York. but improved demand for export, with
the working of the new print cloth reStric-
ton, have tended to firmness for the man
ufactured product.
Wheat including flour shipments for the
week. aggregate 6.773643 bushels. against
$3.50 991 bushels last week, 5590.49S. bushels
in the corresponding week of 1897, 8 472 976
bushels in 1896. 2.566,567 bushels in 1895 and
500. 523 bushels in 1894 Since July l, this
year the exports of wheat aggregate 49,
$40 ,523 bushels, against 092 bushels last
year. Corn exports for the week aggregate
1856 $40 bushels, against 2,424,376 bushels
last week, 2.199,550 in this week a year ago,
1894 Since July l., this year, corn exports
aggregate 90 345 $50 bushels against 90, SO9 104
during the same period a year ago.
Business failures in the United States this
week number lS3. against 2l9 last week. 223
in this week year ago and in 1896 260 in
1895 and 241 in 1894 Business failures in the
Dominion of Canada for the week num-
bered thirty-one one. against twenty-three last
fifty in 1885, thirty-nine in 1896 and forty in
1894.