The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-11
CONDITION OF TRADE
FEATURES OF Dun & CO.'S AND BRAD
STREETS WEEKLY REVIEWS.
--A---
Business Active and Much Larger than
Year Ago in Nearly All the
Important Branches.
PRICES FIRM AND ADVANCING
PIG IRON AND FINISHED PRODUCTS
GENERALLY HIGHER.
Foreigners still Buying Large Guam
titles of Crain-Few Failures-BanL
CIcarings, 81 ,s26,O52,35O.

NEW YORK. Feb. 10-R G. Dun & Co.'S
weekly review of trade will say tomorrow:
The solid basis for good business has not
been shaken by speculative reaction. Stocks
have been slightly lower and the market is
all the safer because much unsoundness and
unreason have been shaken out Specula-
tion in wheat which for a time depressed
prices, has also taken a turn, and with
heavy exports the market tends upwards
again The cotton movement is not essen
TALLY speculative but based on reported in
juries. and holds its advance Meanwhile
dispatches from all parts of the country
show extraordinary activity in the chief
branches of trade, and a business much
larger than year ago in nearly all. The
heavy excess of exports over imports con-
tinues New York exports having been in
five weeks 16 per cent. larger than last
year. while imports were only per cent.
larger. In wheat. Americans are getting
profits even though prices are lower than
they were some months ago. After some
yielding the price rose to 1885 cents and the
May option rose &c during the week. At
lantic exports were 3926,692 bushels. flour
included, against 2174.921 last year, and total
exports. including the Pacific, 4,6i1 lO5 BUSH
els against 2.9605l5 last year Western re-
eeipts have been 3.O560i6 bushels. against
295L770 for the same week last year, while
corn exports for the week were 3,102e09
bushels. against 3,35G976 last year At higher
or lower prices foreigners are constantly
taking more wheat and corn from us than
in any previous year.
The cotton market is in strong position,
because foreign buying continues beyond
precedent, while home indications now point
to a smaller CROP than was expected. What
wool is worth in view of the great stocks
Yet unconsumed, few are able to judge, and
that fact binders adjustment of prices for
goods. Sales have been small, only GAS. 400
pounds at the three chief markets for the
week. against 5,s032 200 last year and 9.175. 500
in the same week of 1897. but this year. as
in 1897. the buying has by no means repre-
sented consumption only. While quarter
and half-blood wool and delaines have been
in demand and firm. the quotations indi-
cate weakness in Ohio and other neeces
The goods market is of similar character
strong for cheviots and serges, but not for
fine. high-grade or plain goods.
The iron industry is 80 exploited by con-
solicitations and attempts of that nature
not reflected distrust Instead, there have
been general advances; in pig because the
demand has been large. for BesSemer az
Pittsburg. TO $11.40 and Grey Forge TO
$40 20. and IN finished products because
nearly all are in demand beyond the capac-
advance of 10 cents per keg in wire nails
by the association was not caused by any
especial pressure for supplies, but rails have
advanced 81 per ton, and bars 81, because