The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-17

goods agents and manufacturers rather in
different to new business offered at old
rates. What looked like an Improvement
In wool demand and prices seems to have
received temporary setback from the
failure of large commission house with
wooden mill connection. Railway returns
continue favorable; the demand for iron
and steel is expanding and prices are hard
ening; labor Is exceptionally well employed !:
anthracite coal mining operations have
been practically resumed and ruling prices
Tor that product seem assured. New rec
ords of export trade are presented and
the excess of outward trade is assuming
phenomenal proportions. The market for
cereals is dragging on, with price changes
lew and OF little Importance, but stock
speculation, though quieter than of late, is
strong and confident in tone. Reflection
OF the late enormous business in this line
Is found in unprecedented bank clearings,
totals eclipsing even the large totals of
the year 1899.
The strength of prices in still most mani
fest in iron and steel, demand for which
continues large, both for crude and finished
materials. The action of the billet pool in
advancing prices is claimed to have checked
demand. Pig iron has also been affected
by efforts to advance bessemer pig, but
though not as active as last week, is very
strong and higher at the West, while firm
and tending upward at the South. Stocks
are estimated TO have decreased $1,000 tons
in October. In finished material the ac-
tivity Is most marked and mills are gen.
orally well supplied with orders and indif-
ferent to future business at present rates
The railways are free buyers of cars and of
other materials, and structural material
tends upward, although the intention of
beam manufacturers to advance prices is
not confirmed. The awarding of the gov
eminent contract for armor plate at $425
per ton will swell the output of the steel
industry by $15.000000. Hardware is i'm i'm
proved distribution at nearly all points
and tin is higher, in sympathy with another
advance at London.
he 4e
Ac advance on the Week, due to killing
frost having terminated further growth
Estimates of the crop average about
10.250.000 bales, but the advance has been
arrested toward the close by rumors that
Ellison will issue a reduced estimate of
consumption. Argentine wheat crop dam
age has figured largely among the support
ing influences of the wheat market, but
liquidation by tired bulls has been a re-
straining influence. Late reports indicate
that the damage mentioned is slight. Cash
corn, as heretofore, has continued quite
strong on small stocks and good demand
Cold weather has been the stimulus to the
butter market and the advance in ten DAYS
has been fully &c pound. Among the ar
tfcles declining might be mentioned flour
on slack demand, coffee and petroleum.
The distribution of shoes has been better
than for some time past. and Eastern man.
ufacturers have advanced prices Sc a pair
Leather has been active East and West
and hides are firm.
Wheat shipments, including flour for the
week aggregate 4.062,OO0 bu, against 1855, 5O7
last week. 4.540O07 in the corresponding
week of 1899 and 5.679, al in 1895. From July
to date wheat exports are 1,474O91 bu
against S,199,S65 last season and s.. 299 357 in
1898. Corn exports for the week aggregate
3.9s6.9l4 bu, against 3,2S7,627 last week, 4603.-
as in this week a year ago, and 3531 724 in
1898. From July / TO date corn exports are
6i,6i4.993 bu. against SS,026,965 last season
and Sc. SIS. 916 in 1895
Failures for the week i'm the United
States number 81, as against 161 last week
1919 in this week year ago and 229 in 1898