The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-09
FUTURE LOOKS BRIGHT
ALL SIGNS POINT TO A CONTINUATION
OF THE PROSPERITY BOOM.
West Has Plenty of Money, Prices Are
Strong, Railway Earnings Large
and Industries Active.

NEW YORK, Sept S-R G. Dun & Co. S
weekly review Of trade tomorrow will say:
The sky is still cloudless and no disquieting
change has come during the week In spite
Of more warlike news about South Africa
the Bank of England behaves as If the
worst possible had been fully provided for.
end this country has no reason to fear
trouble from that source. unless English
markets have so overloaded as TO need
help. The marketing of domestic products.
both farm and manufactured. continues sur
prisingly large for the season. The new
possessions, taken together, are returning
in revenue already more than 1t costs to
clean and govern them. The West and
South still behave as If it would be imper-
tinent for New York to offer money for
crop moving, and are still bidding for COM
mercial loans here. Failures are few,
strikes scarce and readily settled. and the
passage of Sept. l without pressure
means reasonable safety for months ahead.
After sharp decline wheat has risen u
cent this week, with Atlantic exports o.
9O0,966 bushels, flour included, against o.
32o,lOO bushels last year, and Pacific exports
S64,256 bushels. against 1922 bushels last
year. Corn has also taken a start upward,
rising q Of a cent, with exports of 3.051 $50
bushels. against 2.431.OS5 bushels last year.
So great demand for both grains deserves
notice, but so Go Western receipts-5,945 ,697
bushels wheat. against 6774.6l1 last year.
and of corn 5,923, 437 bushels, against 1903 1852
bushels last year. There Is no hesitancy liz
selling or in shipping; with extraordinary
foreign demands for the season farmers are
sending forward at remarkable low prices
extraordinary quantities of grain
Neither philosophical explanations of the
rise in iron and steel nor constant addition
10 the number Of furnaces producing char
fBessemer pig sell for s23 at Pittsburg. grey
as o Tor $g.l5 there, anthracite No. l for
at at rbhiiladeiph M,.s and local coke for
OF It's furnaces sold ahead for the year. the
Valley Association demands $23.65 at Pitts
purg on future contracts, and Chicago is
seiiing mainly for delivery next year. Fin
ished products are advanced in some cases
% per ton at time without checking the
demand, as for sheets at Pittsburg, with
Large contracts even at these prices are
reported, many running into next year, in
onicaso and Pittsburg in bars. and in plates
Ala q. an points, with 1000 tons Western and
large eastern bridge contracts taken by
works four to five months behind already,
ana inquiry for twenty-five miles of pipe
s2% cents for spot, with l.255 tons decrease
at 1872 cents, with heavy buying for cleo
trIcal use and lead is quiet at 4.6Oc
Preparations for other wooden combina.
Mons anect the market for goods somewhat,
which. is, nevertheless, strong, although
some irregularities have developed in wor-
steds. The wool market is much less active
tnan OF late, with sales of only 9225 200
pounds at the three chief markets. mostly
Ierrltory, and while prices are stiff man
uIacturers are buying only for immediate
needs. Quotations for the week are un-
changed, but holders are confidently Iookinp
don sales.