The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-04-23

NEW YORK, April PR. G. Dun q
Co.'S weekly review of trade will say to-
morrow: The war is no longer to be avoided
and business is somewhat contracted by
bankers apprehension. There is no excuse
except want of nerve for decline in railway
stocks when earnings have been 14.3 per
cent larger than last year for the first half
of April and As per cent. larger than 1892.
with railway tonnage east-bound from Chi
cago about 10 per cent. larger than in 1892
Neither are clearing house transactions
gloomy. The weeks payments were 1876 per
cent. larger than last year and SO per cent.
larger than in 1892. In no aspect can the
wheat market be considered without finding
just occasion for material advance in
prices which has been 725 cents for the
week. The exports from Atlantic coast ports
have been 3,104 800 bushels flour included,
against 1,190.3 92 last year, and from Pacific
coast points, 435 CSC bu against 3d. 800 last
year, making for the three weeks of April
6.Ss9, 1872 bushels from Atlantic ports, against
ass 62S bu, against 712,S1 for the same
weeks last year. The exports of corn dur
ing the same weeks have been IL $40 lSS bu
against 1022l ,161 bu last year, which is
strong evidence that the demand for wheat
Is in no sense fictitious. With 10000 tons
Bessener iron sold at Pittsburg for 5000
and with dealings in grey forge unchanged.
and sales OF 5000 tons TO car wheel maxi
ern works or Pennsylvania, with some at
the South for pipe manufacturers, the enor-
nous production does not diminish and the
demand for finished products includes con-
tracts for 5000 tons in the building of two
merchant ships, with many other contracts
in sight to replace vessels bought by the
government; for two new piers at Key
West 5000 tons; for the Chicago postoffice,
9,006 tons; for the. Harrisburg Capitol $500
tons; for ear building, including one of 5000
tons at Piltsburg, one for government
building at Portland. Ore. 1000 tons; for
track elevation at Chicago. 200 tons; for
plates at Chicago, including one for 1900
tons: for 40 tons rails TO the Maryland
Steel Company. 30, COO to be shipped to ST.
IBERIA and l0,000 to the Orient and for 1000
tons to a Pittsburg concern for Quito, with
many structural and implement contracts
of minor Importance. No decrease In prices
appears and the production continues nrac-
tfcally unchanged at the highest point ever
known although I'm Eastern markets the
output is considered somewhat in excess of
supply. Copper Is stronger, with heavy de-
mand for consumption. In woolens the
heavy cancellations recently reported prove
20 be I'm large measure requests for deferred
deliveries, but a better demand has been
seen during the past week in some quar-
ters account of large government orders
In cotton goods the resumption OF work by
several large mills has increased the output
and the demand does not appear to have
lowest point ever known, sales are of con-
siderable volume and there is at least
enough demand for other goods 10 prevent
any agreement OF manufacturers as TO a
decrease OF working capacity.
Failures for the week have been 204 in
the United States against 2iS last year
and y " Canada against u last year.