The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-09-17
FINE. TRADE PROSPECTS
RUSH OF ORDERS HAS LIFTED
PRICES IN NEARLY ALL LINES.
More Business Being Transacted than
Ever Extraordinarily Reports of
Dun Il Co. and Bradstreet.

NEW YORK, Sept 1S-R. G. Dun & Co.'S
weekly review Of trade VIII say tomorrow:
Business is passing well through the difficulties
that attend the winding up of a war. which are
generally greater than those involved while
is in progress. The rush of orders kept back
while war lasted by those who thought it shrewd
not to take any chances has lifted prices little
and caused larger demand for the time being
than can continue, but though it has passed.
there is ample evidence that the consuming de-
mand is very large. How large can only be
judged after some weeks of waiting. But ones
more it looks if those who wait longest are
likely to pay most. The business of the country
is expanding that payments through clearing
houses in the second week of September were
22.5 per cent. larger than in 1892, and for two
weeks II per cent. larger. From these and rail-
way returns and such trade reports as are In
structive it must be concluded that much more
business is being done than in the best of past
years, though not always with much profit.
Wheat has come forward much more freely and
the price has advanced &c. 1t is supposed that
the advance is largely due TO milling demand
coming on narrow supply. Exports are large,
3.0O7976 bushels. -four included, from Atlantic
ard .052 bushels from Pacific ports, and for
two weeks 5.ss7. 1920 bushels from both coasts,
against TO- 1853 bushels last year. Receipts OF
wheat for two weeks of September have been
ID 663 S95 bushels, against 14691lO6 bushels lass
year. The foreign demand will be smaller and
the American crops larger than last year Ine
slight yielding in corn was due rather to the
government report, which, is not entirely dis.
credited as to that crop. than to any change ~
movement which has been small compared with
last year. The exports for two weeks have been
1881 bushels. against 7075S6S bushels last
year.
With the starting Of ninenteen iron furnaces
idle a month ago, partly not included as YETI
the weekly output Sept. was 2l3043 tons
against 2Oo IN Aug. l. and the decrease in stocks
sumption but little below a million tons month.
Structural work is the heaviest ever known az
Ptsburg, though smaller than last year at New
York Bar mills crowded with the general
railway demand for automatic couplers and or
order for street cars to japan and plate mills
everywhere crowded. The demand for pipe
is the largest for long time. and also for boiler
tubes, and the sheet mills are crowded west OF
Philadelphia, while the foundry consumption -
heavy, and the rail mills not yet ready to accept
orders. which they cannot deliver for months.
sold for export, 30 600 tons in all, including l5ODO
tons to Scotland and orders for Is, 900 tons more
lead at 4c. with copper strong at 1219c and spell
ter at 4S0c, in spite of sensational rise az
London. Heavy sales ahead have blocked the
project for tin plate trust at present.
Important cotton mills have stopped, and print
cloths hold 206c, with other cotton goods un-
yielding. but cheap material hinders operations
higher-priced cotton. Wooden mills represent
rather better orders. although much machinery
is idle those who have not old Wool oi u ing
maintained that sales for two weeks nave Deen
only 6.635,300 pounds against SO, 400 pounes
last year and 170l5100 pounds in the same weeks
of 1892 1t is worthy of notice that 900 pounds
Australia wool were sold at Boston for shipment
to Europe While the mills cannot buy at present
Insist Just as they did eight months ago, that
the old stocks must be about exhausted.
States, against 2C4 last year. and % in Canada,
against 40 last year.