The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-11-18
Some Classes of Finished Products
Are Therefore Selling at Lower
Prices than a Month Ago.
GENERAL TRADE BOOMING
AND PRICES AS A RULE ARE BEING
WELL MAINTAINED.
Bank Clearings This Week Over Two
Billion Dollars, the Highest
Total on Record.

NEW YORK, Nov. 17.-R. G. Dun e Co.'S
weekly review Of trade will say tomorrow:
The signs of shrinkage in the new demand
for iron and steel products become more
clear. and while prices of pig are main
tanned without change and billets are quoted
lower only because premiums for earlier de-
liveries are no longer paid, plates are quoted
lower IN the East, with some small mills
selling at % cents at Pittsburg. and sheets
are sold by some works there at 50 10 81 less
than the regular piice The strength or
bars in the West is largely due to the great
demand for cars. of which it is said that
one thousand a day are ordered, but in the
East prices are a shade lower. A new de-
mand does not make up for the rapid COM
pletion of old orders in some lines, so that
competition of works weakens prices.
In minor metals the collapse of London
speculation depressed tin to d cents on
Wednesday here, but subsequently an ad-
vance of Ga per ton in the foreign market
brought the New York price up to Csc. A
sale of copper by the Calumet and Hecla,
said to be Of 100000 pounds, lowered the
price to lie. Spelter is weak at 4.65c, with
lead and tin-plates unchanged.
Shipments of boots and shoes fall off, and
yet are larger than in any previous year
for the first two weeks of November, ,2Sl
cases, against 3,759 in 1897 and 1852 in
1894, and less in all other years. Advances
asked. especially since the recent rise in
leather. have prevented much buying,
though many works still have business
ahead for some time.
Textile manufactures are doing well, al
though in wooens the speculation in ma
terial threatens to cause some embarrass-
ment. Sales Of wool were again heavy
81 $40. 81 pounds at the three chief markets
making in two weeks ,S23, Su pounds
against IL, 100 pounds last year, when the
mills were well employed. Clearly a large
share OF the transactions has been for
also, especially those recently started after
long fdleness. Prices are a shade stronger
for fine washed Eastern fleeces and for fine
medium delaine, so that the entire list aver
ages about an eighth of cent higher
Worsted goods are in good demand and have
been advanced in price with some f1annels
Carpets also have been active, with prices
advanced per cent. for the season.
Cotton goods continue to advance with
strong demand and with belief in a short
crop, so that some have been for the time
entirely withdrawn from the market by the
mills, while bleached were advanced to the
highest quotation for four years. Conflict
ing estimates still make the cotton market
excited, but after falling &c the price has
recovered 1-16c. The increased sales by
Planters ana shipments from plantations ap-
pear to have had rather more influence than
short crop estimates, though from high au-
thorities. ~ sle e0l
Wheat declined a fraction, but fully re-
covered, although Atlantic exports were
only 2976,551 bushels flour included. against
3,S6S, I6S for the same week last year: and
Pacific exports, 1901 bushels, against
1,9SSO 9S last year. The course of the market
Is the more noteworthy because Western re-
ceipts are much reduced, being only g. 897, SS7
bushels. against 10 337. 81 last year Corn
declined a fraction with heavier exports
than last year and smaller receipts.
Failures for the week were PIG in the
United States, against 223 last year and
twenty in Canada, against twenty-six last
year.