The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-26
H. G. Dun & co.'s REVIEW.
New Business for This Dull Season Is
Unprecedented.

NEW YORK, Feb 25.-R. G. Dun < Co.'S
weekly review of trade will say in it's issue
of tomorrow: Foreign possibilities have
much affected speculation and caused hesi-
tatiOn in some large business operations,
possibly accounting in part for check in
the rapid advance of wheat, but industrial
production continues larger than ever, a
few more works being added to the active
list, with a decrease in the number of
hands on strike, and renewed evidence that
the volume of business Is larger than in
February of any previous year. Nor is there
any symptom of a senseless craze based on
rising prices. The legitimate export and do
nestle demand presses closer to the ca
pacity of works, and though there is no
fiighty advance in any line, and in all mar
rowness of profit is matter of complaint,
new business for this dull season is unpre-
cedented.
Wheat continued it's progress upward
until $10S75 was reached on Monday but
declined 3Ac later, as if there were fears
that Spain would somehow stop British
vessels from taking wheat across the wa
ter. Any yielding based on foreign posi-
bilities deserves little notice, but the price
has advanced about 10c since Chicago
spectators last took occasion to shake off
weak followers and the opportunity for re-
action was inviting. There is no abating of
foreign demand. Atlantic exports were
1868 ,S14 bushels. flour included, for the
week. against 1926, 444 bushels last year, and
Pacific exports 1.5T6,276 bushels, against
1856 AGA bushels last year, and in view
of current excitement these figures are
more important than the aggregate for four
weeks. 10, 912 bushels, against 65S8, AIS
bushels last year from Atlantic ports, and
4053.O2S bushels, against 1911 GAG bushels
frOr
week We're 14.5 per cent. less than last year,
but the cash price declined but slightly.
The spot price of cotton was not affected.
1t is not the season for much improve
ment in textile manufacture but the cot
ton branch has gained by the closing of the
strike in one Fall River mill and by the
addition of some works at the South. The
wooden manufacture meets many cancela-
lions. especially in goods sold early without
definite price. but is doing more than ever
at this season, though new business in the
higher grades of worsteds and woolens is
not particularly encouraging. Sales of wool
amounting to about cents decline from the
highest point, indicating that mills have.
at present abundant stocks, but some are
selling foreign wool in order to take. sup
plies Of other qualities In goods OF medium
and low grades the demand continues large.
The silk manufacture shows remarkable
increase during the last six months, having
imported raw material far in excess of con-
sumption in any previous year, and at a
rate of 12O per cent. above the imports in
the last census year.
The iron manufacture has more demand
for products and slightly better prices for
Bessemer pig which has advanced to 1910
at Pittsburg, with gray forge unchanged
there, local coke strong at Chicago, in spite
of some Southern weakness. and Eastern
anthracite really unchanged. though quota
tions are a shade lower. No finished prod
ucts have changed in price, and all are
strong in demand. excepting bar, which a
combination has failed to advance. Some
large contracts are reported, especially in
car and bridge building, ship and structural
work and the demand for sheets is heavy.
Minor metals change but little tin weak
ening a shade to IA cents, with large re-
ceipts.
Failures for the week have been 233 in
the United States, against 296 last year and
80 i'll Canada, against 80 last year.