The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-15
KING CoTToN's sCEPTER.
1t Is Again Making Itself Felt-Gen-
eral situation Is Very Good.

NEW YORK. Sept. H-Bradstreet's to-
morrow will say: Expanding demand at
advancing prices in many lines of trade
finds its chief exemplar in the market for
raw cotton. which has witnessed the great
est excitement, heaviest trading and larg-
est gain in price for at least a decade
Rarely, IL ever, in the history Of the trade
as conducted on modern lines has the in
terest displayed in that product been great
CT. and the manufacturing interests OF the
world find the situation a perplexing one,
while the prospects OF large profits to pro-
ducers are stimulating all lines OF South
ern trade. English spinners who are re-
are considering drastic methods OF meet
ing the requirements. In American cotton
goods the situation from being short
time ago buyers market is now reversed,
and sellers are in position TO dictate
terms. So suddenly has the outlook as
viewed by the trade generally changed.
however, that manufacturers are unable or
unwilling to define their exact position, or
IL they accept new business do so on dis
tinct basis OF cost of new supplies. Maxi
mum cotton crop estimaters of past years
are apparently panicstricken and predict
famine stocks for the end IF the year.
even with reduced consumption.
Most food prices are either firm or higher
on the week with wheat being advanced
on better export demand and bad weather
at the Northwest, proved by the low grade
Of much of the receipts Corn is in good
and pork and lard sympathize Herewith.
Raw sugar Is still scarce and higher on the
week. and coffee is fractionally higher.
Among the few products lower are butter
and tea. Print cloths are out Of the mar
ket at old prices and Southern cotton yarns
and the demand for spring weight mems
wear goods is still disappointing.
The predicted anthracite coal miners
strike Is almost the only unfavorable
feature of the Industrial situation. The
iron and steel situation has not materially
changed. and frregularity in demand and
prices is still a feature. Rather more talk
is heard of the influence OF election uncer-
taintfes upon future trade, and certainly
some additional weakness Is felt at lead
ing pig iron markets while on the other
hand finished material Is rather more firm
ly held. Examples of this afforded In
the weaker tone of pig iron at Philadelphia
and Birmingham and in the placing OF
bessemer pig on a sl4 basis at Pittsburg.
On the other hand. some large sales Of pig
are noted at Chicago at 80 cents advance.
and $500 tons of plates have been placed
at that city at former rates. while bars are
active and higher
Wheat OncudIng -FOUR shipments for the
week aggregate 1868 bushels. against 81
373. 100 last week. 4.536.552 the corresponding
week OF 1893 and 3,s75.29i I'm 1895 From July
bushels, against 795 last season and
SO. As. 091 in 1SsS. Corn exports for the week
aggregated 2. 402 7S6 bushels. against 3.f62.-
211 last week 3.2S2 75l I'm this week a year
ago and 2.53l, 005 I'm 1895. From July 10 date
corn exports are 81. .03s bushels. against
AZ. 1864. 263 last season and 80. SIS S72 I'm 1888
Business failures In the United States
last week, 149 I'm the same week year ago
and iT3 I'm 1SqS