The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-19
indianapolis Well Up to the Front,
with $7,054, POS, an Incease of SIS
Per Cent. over Last Year. y
FOREIGN TRADE EXPANDING
EXPORTS OF MANUFACTURES GROW.
ING BEYOND ALL EXPECTATIONS.
Shipments of BreadStuffs to Europe
Still Large-Prices Improving
and Confidence Increasing.

NEW YORK, Nov. 1S.-Bradstreet's to-
morrow will say; Evidence accumulates
that the good results flowing from the re-
cent elections are no longer confined entirely
to improvement in tone and confidence,
though the above feeling influences dealings
in both financial and mercantile lines. Sew
eral substantial developments present them
selves this week, notable among which are
an advance in a number of prices, excep-
tionally few declines thereof, growing
strength in the pig iron situation, unprece-
dentedly large weekly bank clearings and
remarkably good reports as to export trade.
not only in the line of foreign products, but
in enlarged trade in manufactured products.
Distribution of merchandise shows but little
change from recently preceding weeks. but
the growth in confidence is reflected in very
general reports of improved collections ON
past business.
First and foremost in the line Of foreign
trade extension are the returns recently
made for October pointing to exports for
that month larger than in the corresponding
month of any preceding year, second only to
those Of December last year, and chargeable
not so much as formerly to enlarged ex-
ports of farm products, but to heavily in
creased exports of finished products OF
American industry. In this connection spe-
cially good reports come from the iron and
steel industry, which has thereby been rem
dered more nearly independent than ever
before Of fluctuations in domestic demand.
The strength in values of all cereals-au
the leading breadstuffs are higher this week
lis, of course due to the constant foreign
demand more than affecting very large
gains in domestic supplies, which, however,
are below any corresponding period for
years past. Comparison of four months ex-
ports July to October, inclusive, point to
wheat and -four shipments little below those
of last year, and only 10 per cent. below
those of 1891, the heaviest ever known.
The strength of cereals finds imitators in
coffee, whose statistical position shows some
Improvement sugar, which is relatively
higher for refined, on growing strength oe
raw supplies; coffee, which retains it's old
bullish tone. and even cotton, which IL
higher on smaller movement, and improving
tone Of the goods market. Wool sales con-
tinue of good volume on more confident
buying of small manufacturers, which,
however, report the finished goods trade un-
satisfactory. Heavy sales of bonded wool
for re-export for England are reported this
week. Rather more inquiry is noted for pig,
iron, and the tone of prices is strong in con-
traSt to that OF steel, Wnlch Is Delng Snaued
by those eager to book new business The
steel rail situation is apparently unchanged.
and much business is held up awaiting set
tlement of price and other details.
Wheat, including flour, shipments for the
week aggregate 5,679.141 bushels, against
1874, ,693 bushels last week, 6,653,792 bushels in
the corresponding week Of 1897, $685., ,323
bushels in 1896, 2916, ,S3S bushels in 1895 and
3,312673 bushels in 1894 Since July 1 this
year the exports of wheat aggregate S2.-
8S9, ,457 bushels, against 95,973,426 bushels last
year. Corn exports for the week aggregate
1851, ia bushels against g. 142, ,745 bushels last
week, 32O9, ,7S0 bushels in this week a year
ago. 2975,12l bushels in 1896 and 743 161
bushels in 1895. Since July /. this year. corn
exports aggregate 56019,9 ,919 bushels against
$3.50 44O bushels during the same period a
year ago.
Business failures In the United States this
week number 229, against lS7 last week, ZS
in this week a year ago, S0S in 1896, S23 in
1895 and 295 in 1894. The total number OF
failures in the Dominion of Canada this
week is twenty-four. against thirty in the
preceding week, thrty-ope in 1897, forty
seven in 1896, forty-two in 1895 and twenty
four in 1894.