The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-03-12
Demand for Products of All the Great
Industries increasing and Gold
Pouring In from Abroad.
WEST is CENTER OF ACTIVITY
DRY GOODS, GROCERIES, IRON AND
STEEL IN REQUEST THERE.
Exports of Grain Heavier and Rail-
way Earnings GaininE-Bank Clear
ings Still Far Above Normal.

NEW YORK, March 11-R. G. Dun &
Co.'S weekly review of trade will say in its
issue tomorrow: 1t is most gratifying that
no industry or branch of business shows
any restriction or hindrance but some have
been rapidly gaining for the past week and
month. The railways are gaining even while
spectators are selling their stocks, and the
demand for products of all the great indus
tries is increasing. More gold is coming
from Europe than is needed $10,S6S, 900
having been ordered during the past week,
and money markets are nowhere alarmed
or stringent, though reasonably more eau
tious. The country rests assured that its
industries, almost all of its business, the
foreign demands for its products especially.
and all its resources are beyond the reach
of any foreign power and that its honor
and foreign interests are in safe hands.
The greatest of all industries is sending
grain forward as If there were no limit TO
the supply. Wheat exports have been 4,171,-
497 bushels, flour included, against 1,26S,1Tl
bushels last year, from Atlantic and Pacific
ports and for two weeks 1852! go bushels,
against 3O16,546 bushels last year. Exports
of corn, in spite of smaller yield, have been
1905, 494 bushels in two weeks, against 81
1886, 500 bushels last year. when they far sur
passed all records. Wheat declined 2Ac, but
corn did not change during the week.
Cotton declined 1sc, sales of fertilizers in
dicating less reduction of acreage this year
than was expected. Exports of principal
products in February were SCI, 634, 091 in val
ue with increase over last year of about so
per cent in breadstuffs; in cotton, % per
cent, and 20 per cent. in the aggregate.
The weekly output of pig iron was 22S,S9S
40 raI1 1 md
the increase of unsold stock in February
was only 5S52 tons weekly, leaving 255,232
tons weekly for export or consumption,
against 21S,457 tons in January, and 215,249
tons in November, 1895, the month of great
est consumption before this year. For FOUR
| months production has gained little, but
consumption still more, and if preparations
| for war last only few weeks they will add
| much to the demand. Other consumption
| for railroad cars, for vessels on the lakes,
| for elevators and oil pipe lines, for agricul-
| tural implement works and for sheets is
| beyond precedent, and structural and rail
| works are crowded with orders, though
now receiving few Iron bar works a are f,, der
| employed, while the steel bar mills at Mil
| waukee have to put on three eight-nour
turns daily to keep up with the Co. orde eirs
! nails, which dropped because the great wire
| combination fell through, though a smaller
| agreement is expected and in some West
ern dispatches it is said to have been n
| formed. The minor metals are generally
! stronger in demand, a sale of 100000
pounds of copper being reported at 12c,
| though the usual quotation is 11S7c, and the
| product last year was 3O5 02l tons, against
ss strong nens at Se and IN speter 42c but
| lead is weaker at S.7712c and tin plates at
$2.S5 for the best, against 81 for foreign,
Sales of wool for this week have been
smallest since the week of greatest alarm nm
| in August, of 1896, but not because any mills
| have stopped work. Cancellations are fire.
| quent and jobbers have evidently failed to
| sell as much as they expected at the adj
vanced prices asked, but even these would
| not be possible had wool cost the mtllerS
| current market prices. Little wool can be
| moved, with a new clip near and heavy
| stocks still in the mills, without further re-
| duction. Goods are now lower IN qualltleS
less known, though unchanged on standard
| grades Cotton goods have large distribu-
ton and prices are generally steady, though
in outside dealings print cloths are shade
lower Prints are in better demand;
Failures for the week have been 24S in the
United States against 256 last year, and Sc
in Canada against 81 last year.