The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-11-25
ERA OF HEAVY ORDERS
1T rs THE SALIENT FEATURE OF THE
COMMERCIAL SITUATION.
This Is Despite the Fact that Prices
vide the Only Weak Element.

II INN ~
weekly review of trade tomorrow will say:
Monetary anxieties have faded with sales
of bonds to the treasury under the recent
offer. the fall in sterling exchange in spite
of dearer money abroad and easier here
and the receipts of about $4,000 net from
the interior during the week. There is no
trouble in the commercial money market,
as there has been none. and loans on securi-
ties have ruled at easier rates. While the
extraordinary volume of business through
out the country requires greater activity
of currency than in ordinary times, there
is no indication that the volume has not
been ample all the year, and the course of
money markets throughout the interior
shows that embarrassment here has been
due to operations of outside industries and
general trade. The iron industry shows
no yielding in material, but a little advance
in besseAner pig at Pittsburg, with large
inquiries for next year. Prices of rails are
maintained, with one contract reported of
5000 tons for Japan and another pending
for South Africa. A single order for car
axles covers 33.c00, or $500 tons. Structural
prices do not yield and angles are quoted
higher, but works which have nearly or
quite filled their orders are seeking others.
with concessions of 81 per ton in Eastern
plates, 81 in steel hoops and sheets and In
bars at Pittsburg, while cut nails are quoted
"a lower. The general ratio of prices for
all finished products is now PA per cent.
lower than Nov. i, though the average for
pig iron is / per cent. higher. Copper is un-
changed. Tin has been depressed to 2I13c
by London speculation. Lead is unchanged.
Spelter Is lower, with sales at 4.iOc, and
aluminium is higher at 30 cents for ton lots;
Heavy orders in the past are reflected
by shipments of boots and shoes, amounting
to PSI ,212 cases in three weeks, 16.5 per cent.
more than IN 1887 and 32 per cent. more than
In 1894, with other years still smaller. New
business is checked by continuing rise in
20 cents per pair. with one large contract
In grain creole at 22la cents per pair ad-
vance.
Sales of wool pass all records, having been
at the three chief markets 81, 694, 2S pounds
in three weeks of November. whereas Oc-
tober sales in five weeks were but 6s.3l $50
have sales reached 81. 600 pounds. The
trading is largely between dealers and
leaves no indication of consumption. The
demand for goods continues so large as 10
encourage much buying by mills in spite
OF the advancing prices. Cotton goods are
rising also, and print cloths have been adj
vanced an eighth, a proposed sliding scale
at Fail River having probably averted a
strike. though at other cities higher wages
are demanded. Cotton advanced three
bales in exports this month being more
than balanced by light receipts from PLAN
~tations.
Wheat wearied spectators, with scarcely
any change in prices for the week. Though
Western receipts are 80 per cent. below last
years for the week and have been in three
weeks but 16, 565 ,973 bushels, against q, ga, 199
last year, the decrease in exports is heavy.
From Atlantic ports the outgo for three
w~eeks-f1our ircluded-has been only 7,761,-
Isl bushels, against II, 265, 153 last year. Pa
ciic exports for the three weeks have been
2, 712. 451 bushels, against $3.50, 500 last year.
So slender a foreign demand I'm Atlantic
markets, with prices as low as they have
been, tends strongly TO prevent a rise in
prices, and the exports of corn also have
some influence, amounting for the three
weeks to IL, 769. 643 bushels, against 7,572, 033
last year. In spite of the: great decrease in
cotton and wheat, exports of merchandise
from New York have been nearly 81. 500. 900
larger for the week than last year, and for
three weeks only about 100000. or 3 per
cent, smaller than last year, when from
all ports the value for the month was S129.-
197, 965. the largest ever known except in
December last year, and the excess of ex-
ports over imports was 81, 701, 1877. Appar-
emily manufactured exports must now be
very heavy. although prices lave been ris-
ing. and the increase in imports. though
about 1t per cent. for the month, cannot
reduce the favorable balance greatly.
Failures for the week have been 191 i'm the
United States, against 1SS last year, an =
In Canada, against q last year.