The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-29
OF TRADE
STRENGTH OF THE CEREALS Is A RE-
MARKABLE FEATURE.
Bradstreet Sees Much of n Favorable
Nature in the General Bus
iness Situation.

NEW YORK, Sept. 2S-Bradstreet's will
say: THE notable feature of the business
situation is the strength of agricultural
products, notably The cereals, cotton and
pork products. Fall trade continues good,
though ii Is conceded at several markets
that the biggest part of the fall business
has been done and that recorders from now
on will cut the largest figure. Weather
conditions, while favorable to cotton-crop
harvesting, are claimed to be hurtful to
further growth because of dry weather.
Outside speculative interest in that staple,
snort covering partly, it is claimed, on for
eign account, and the exceptional strength
OF the manufacturing industry, the products
or which are in active demand and tending
upward, are all reflected in the rapid adj
vance for both futures and spot. Visible
supplies, while considerably larger than in
recently preceding years, are slightly
smaller than they were in 1895, since which
time consumption has unquestionabiy heav-
ly increased. Middling uplands are now
sc nlgher than at the beginning of the
month, l1ec higher than last year and &c
ABOVE the lowest point reached on the 1895
~ crop. The extension of the price agree
ment as regards print cloths, the new one,
however, covering all classes of the product,
has strengthened the situation in cotton
goods.
Wheat has remained steadily strong,
growing. firmer toward the close on en-
iarged foreign buying and uncertainty as
10 the outcome of South African affairs.
sympathetic strength is displayed by corn
and other cereals. Increased foreign de-
mand Is reported largely responsible, too,
for the stronger tone and advances shown
IN noS products Wool has continued strong
and In active demand, both at home ana
abroad. Some American buying Is reported
at the London sales, which will close earlier
than expected, owing to exhaustion of sup
plies. In the manufacturing branch of the
trade demand Is reported active.
There is a quieter tone at most markets
for iron and steel, and large buyers have
been, most OF them, out of the market.
There Is no diminution in strength, how
ever. and a number of advances. notably
on Southern iron and steel billets, are to
be reported. Complaints Of backward deliv-
cries are as numerous as ever. Lumber re-
mains active at most markets, though COM
plants OF slow delivery, due to lack of cars,
are also heard. Southern manufacturer
which arc now nearly one-third higher than
a year ago. and plow manufacturers have
also Joined in this movement. marking the
THIRD advance within a year In this branch
Of farm implements. An equally strong
tendency as to price is noted in hardware,
particularly builders grades.
days aggregate 3,322,5 500 bushels. agains.
1850, 765 last week. 5,306 ,S79 in the corre-
spending week of 1898, 1884. 246 in 1897, ABS, 79i
in 1886 and 2,6l3,S6S in 1895. Since July l,
this season, the exports Of wheat aggre-
gate 40. $685. 60 bushels, against Al, 0O0,S 97 last
year and 56.144,7 III in 1897. Corn exports for
the week aggregate 2,776, 400 bushels, against
S,794. 965 last week, 2,530,076 in this week a
year ago, 3.10S. Col in 1897. 3.165 COS in 1896 and
1,3SS, 754 in 1895. Since July /, this season,
corn exports aggregate 55,931 ,95S bushels,
against &c, O95, 23s during the same period a
year ago and Al sos, 592 In 1897.
Business failures for the week in the
United States, five days, number 131, as
compared with 147 last week, 166 in this
week a year ago, 1S9 in 1897. 36 in 1896 ano
245 In 1895. Business failures in the Domin>
ion of Canada for the week, five days. num-
Der IL, as compared with 13 last week, % in
this week a year ago, SO in 1897, % In 1896
and 81 in 1895.